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Last $0.05 USD
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BLBK On Other Exchanges
As of 8:10 PM 08/26/15 All times are local (Market data is delayed by at least 15 minutes).

boldface group inc (BLBK) Snapshot

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09/3/14 - $0.18
52 Week Low
12/23/14 - $0.03
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boldface group inc (BLBK) Details

BOLDFACE Group, Inc., together with its subsidiary, BOLDFACE Licensing + Branding, operates as a celebrity beauty licensing and branding company in the United States and internationally. The company primarily focuses on acquiring entertainment, celebrity, and designer brands for opportunities in the beauty, personal care, home, and fragrance markets. Its products include color cosmetics, hair preparations, fragrances, home fragrances, skincare products, beauty tools, and other beauty and personal care products. The company offers its products under the owned Kardashian Beauty brand; licenses the Mario Lopez brand to develop and distribute male fragrance and men’s grooming products; and licenses the UGLYDOLL brand to develop and distribute personal care products. BOLDFACE Group, Inc. sells its products primarily through mass retailers and chain drug stores. The company is based in Santa Monica, California.

6 Employees
Last Reported Date: 10/15/13

boldface group inc (BLBK) Top Compensated Officers

Co Founder, Chief Marketing Officer and Direc...
Total Annual Compensation: $250.0K
Chief Financial Officer
Total Annual Compensation: $125.0K
Compensation as of Fiscal Year 2013.

boldface group inc (BLBK) Key Developments

BOLDFACE Group Deleted From OTCBB

BOLDFACE Group, Inc.’s new common stock has been deleted from OTC Bulletin Board effective October 15, 2014 on account of its ineligibility for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.

BOLDFACE Group, Inc. Receives Default Redemption Notice from Hillair Capital Investments L.P

On August 28, 2014, BOLDFACE Group, Inc. received an event of default redemption notice from Hillair Capital Investments L.P. Pursuant to the Redemption Notice, the Investor is demanding repayment of the principal amounts due under the following debt instruments: the 8% Original Issue Discount Senior Secured Convertible Debenture issued on June 20, 2013, as amended on March 31, 2014, for the principal amount of $174,856.66; the 8% Original Issue Discount Senior Secured Convertible Debenture issued on March 31, 2014 for the principal amount of $1,120,000; the 8% Original Issue Discount Senior Secured Convertible Debenture issued on July 9, 2014 for the principal amount of $317,729.14; the Secured 8% Promissory Notes issued on July 17, 2014, August 1, 2014, August 5, 2014, August 8, 2014, August 15, 2014, and August 27, 2014; for the collective principal amount of $1,669,000. As a result of the Company's failure to meet its repayment obligations pursuant to Section 8(a) of the Residual Debenture, which thereby triggered Sections 8(a)(ii) and (vi) of the Debentures, the Mandatory Default Amount on the Debentures is immediately due and payable. In addition, pursuant to Section 2(b) of the Promissory Notes, the outstanding principal amounts of the Promissory Notes are thereby immediately due and payable. The Redemption Notice calls for immediate repayment in the aggregate amount of $3,765,360.67. The Company is not able to pay the Mandatory Default Amount.

BOLDFACE Group, Inc. Issues Promissory Note with Hillair Capital Investments L.P

BOLDFACE Group, Inc. executed a promissory note (the Note) with Hillair Capital Investments L.P. (the Investor) for the principal sum of $309,000.00. The Note is secured against the assets of the company and each subsidiary, has a maturity date of July 1, 2015 and bears interest at 8% per annum. The net proceeds of the Offering will be used for general working capital. Under the terms of the Note, the investor shall have the right, for no additional consideration while the Note is outstanding, to exchange the Note (and any other notes then outstanding) into an 8% Original Issue Discount Senior Secured Convertible Debenture, which Debenture shall be otherwise identical in all respects and have all the rights as the 8% Original Issue Discount Senior Secured Convertible Debenture of the Company issued on July 8, 2014. The new Debenture shall have a principal amount equal to the principal amount hereunder plus any accrued but unpaid interest hereon.


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