News Focus
News Focus
icon url

docwillcu

05/25/17 2:24 PM

#63967 RE: ADVFN_franknstein #63965

Has anyone informed TGRR Tiger Reef that they are part of this LOI? Another press release from ISBG and nothing from TGRR or Tiger Reef supporting it. In addition, apparently this exciting news has done wonders for Tiger Reef today, it's stock price has dropped after the ISBG LOI PR.

Looking at their current Quarterly Report page 19-31, filed on time states the following:

Long-Term Growth Plan (5+ Years)

Ultra Premium Rums
Over the next five years we plan to expand and grow the Tiger Reef® brand of ultra premium rums into new territories,
including:

• Asia;
• European Union;
• Caribbean Region;
• Australia; and
• India.

Over the next five years we plan to focus on a disciplined growth strategy of opening one new Mermaid Reef restaurant each
year. We have also identified the following Caribbean islands we intend to eventually open a Mermaid Reef restaurant:

• St. Maarten, Dutch West Indies
• Aruba, Dutch West Indies;
• Nassau, Bahamas;
• Cozumel, Mexico;
• Grand Cayman; and
• Barbados.

We estimate that we will need to raise a minimum of $5 million to achieve the above listed goals and milestones. This capital
will most likely be raised through the sales of additional equity securities, which will have a dilutive effect on existing
shareholders.

No mention of the United States. This is right in-line with AP's M/O release a fluffy PR before releasing a dismal financial report. Once again do not mind the man behind the curtain.