InvestorsHub Logo

loanranger

01/21/17 5:59 AM

#39346 RE: ADVFN_franknstein #39343

There's an interesting and critical four word phrase that appeared in the March 2015 extension announcement but didn't appear in any form in the relevant paragraph of the announcement that was made yesterday. I'll bet you can spot it right away.

HOUSTON, TX / ACCESSWIRE / March 31, 2015 / Alonzo Pierce, CEO of Top Shelf Brands Holdings, Inc. (a Nevada Corporation) (DKTS), is pleased to announce that the company has reached an accord with all of the DKTS debt holders to extend the terms of the notes without any additional consideration. Under the revised agreement, the debt holders cannot convert debt into equity for at least one year or until there is a registration statement.
http://finance.yahoo.com/news/top-shelf-ceo-announces-agreement-122800574.html

LAS VEGAS, Jan. 20, 2017 /PRNewswire/ - International Spirit and Beverage Group Inc., (a Nevada Corporation) (OTCPK:ISBG) management is pleased to announce that the company has restructured $645,000 of convertible debt.
"Our purpose in restructuring debt was to give the company room to grow and we have exceeded that goal," CEO Terry Williams said. "Almost half the debt was restructured and extended out 18 months and the remainder of the debt was extended out 12 months. This will provide the company with the financial flexibility to properly execute our key brand initiatives for 2017."
http://www.otcmarkets.com/stock/ISBG/news/ISBG-Restructures-over-75--of-Convertible-Debt?id=149072&b=y



JohnnyRothrock

01/21/17 2:20 PM

#39396 RE: ADVFN_franknstein #39343

Mods: why isnt any of the huge news stickied of the restructuring of the debt?

instead its negative on the debt, only?


smh