In note 9, it is documented that the Company returned 97 million shares to the treasury. The shares were originally issued to Top Shelf Brands Holdings, Inc., (OTC:DKTS) to be distributed to the shareholders of record of DKTS. However, due to its current status, DKTS was not able to distribute the shares.ISBG will now handle this distribution and is working with accountants and auditors to complete this process.
"While there are currently some avenues to acquire Besado Platinum Tequila™ online, ISBG will soon be launching its own online sales platform where consumers can simply "point and click" to conveniently purchase Besado and have it delivered right to their doorstep."
"The six-figure Besado Platinum Tequila™ awareness program begins in February and company management will begin scheduling on- and off-premise tastings that will educate the consumer, inspire their palate and send them out with Besado t-shirts and other point-of-sale marketing items. "
"ISBG management is pleased to announce that they are in the final stages of negotiations and will be announcing a new deal with one of the industry's premier logistics and supply chains firms to further support the expansion of Besado Platinum Tequila™ across the country."
"The company reported earlier in the week through Twitter that ISBG is in talks with the necessary principals to launch a national radio campaign for brand awareness. While this is a tremendous opportunity to support the expansion of Besado Platinum Tequila™, the timing of the campaign is critical."
Top Shelf Brands "legally" acquire the trademarks from OTR and then sell them (without getting paid) to this POS?
Lawyers could/would have some hefty bills to hand out to clients looking for answers. I know it's a mess thanks to Pierce's stupidity.
I think a shareholder and/or unpaid lender should petition the district court, obtain control of the shell, and tighten the screws on Pierce and the Dumpling Gang. It would certainly shake things up here, eh?
Pierce has abandoned DKTS. And he's likely afraid to take further actions since he lost that slam dunk case to Huffy/Klein.
And hey, it's another year which means another lawsuit, right?
1. Any stockholder may apply to the district court to appoint one or more persons to be custodians of the corporation, and, if the corporation is insolvent, to be receivers of the corporation when:
(a) The business of the corporation is suffering or is threatened with irreparable injury because the directors are so divided respecting the management of the affairs of the corporation that a required vote for action by the board of directors cannot be obtained and the stockholders are unable to terminate this division; or
(b) The corporation has abandoned its business and has failed within a reasonable time to take steps to dissolve, liquidate or distribute its assets in accordance with this chapter.
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