Replies to post #58470 on Top Shelf Brands Holdings Corp. (DKTS)

[ADVFN_franknstein]

I assume the shares were forgotten in the bags of Alonzo's DKTS trouser.
Unfortunately this trouser was carelessly thrown away by Alonzo's wife.

[hedge_fun]

How 'bout a picture of the CERT?......

Well at least the top of the CERT. And it turned out to be exactly 97MM shares according to the self appointed Sole Director.



Here's some email addy's if you want to try and gt more info.

Alonzo Pierce <[e-mail]>
Jeff Freiberger <[e-mail]>

If my math is right they missed $40K somewhere in their formula.

On May 14, 2015, DKTS management presented ISBG with a valuation of the Besado and Dziaq Brands of $2,880,833. With ISBG purchasing a 75% stake ($2,160,625), ISBG would use the 14-day weighted moving average (WMA) of its stock price to guide DKTS management in determining the ratio of shares to be issued to DKTS shareholders. Using the WMA of .02 (as of market close on May 13, 2015), a 1-15 ratio would be used to determine the issuance of shares to each shareholder of record as of May 26, 2015.. Included in the $2,160,625 is 75% ($260,625) of the debt holder notes in DKTS that will be absorbed by ISBG.


http://www.otcmarkets.com/financialReportViewer?symbol=DKTS&id=147945

97MM x .02 = $1,940,000

$1,940,000 + $260,625 = $2,200,625.

Maybe we're suppose to think ISBG is generous or something. But the auditor will catch that and that could be why the audit is taking longer than we thought.