Replies to post #58393 on Top Shelf Brands Holdings Corp. (DKTS)

[hedge_fun]

Are u kidding me? I'll tell you what. Let me borrow money from you to pay for the mortgage on my house and build equity in my house. Then, not pay you back. Does that make sense to you?

Not really. I would hold foreclosure rights and could get the house back. It's pretty simple, unless of course I was dumb enough to not have a secured note listing the house as collateral.

NV law REQUIRES the corporation receive consideration for the issuance of shares whether you read the statutes or not.

You are trying to argue that DKTS is about to get audited and ISBG will get 75% of the assets and not pay for them as they said they would publicly.

"I knew we had the ability to take on a controlling interest in these brands while maintaining a viable share structure for future growth," Freiberger said. "These brands will be a valuable asset and we acquired them at the right price; one that serves well the shareholders of both companies."

In addition to the flexibility offered by ISBG's February retirement of 280 million shares, Freiberger had another variable working in his favor. Besado tequila's parent company ran into insurmountable difficulties raising the needed funds to move into the production and distribution phase with the brand.

"This is an acquisition that makes sense for both companies as it was no secret that unfortunate corporate issues hindered Mr. Pierce's ability to raise the capital needed to fund the bottling, marketing and distribution of these products," Freiberger said. "The potential of the Besado tequila brands, combined with our national distribution capabilities, adds some sizzle to our stable of brands and will bolster the bottom lines of both companies."

http://finance.yahoo.com/news/isbg-packs-1-2-punch-133000299.html

Now an auditor is going to have to evaluate the transactions and see ALL documents related to loans and the acquisition. Of course the PR wouldn't be reviewed but the transactions would, especially the issuance of shares.

In order for an auditor to do what YOU claimed, NV law is going to have to be followed......PERIOD.

If something PHISHY is going on, he or she know it.

I don't think Team Autry's rep on the ISBG board is going to try that one, because as you said the notes have a "use of proceeds" clause.

Lenders may be able to get 25% of their notes paid by DKTS simply because of the "use of proceeds" clause, but that would be about it.

GL