Wednesday, March 22, 2017 4:06:41 PM
Financials:
FACT:
On June 10, 2016 (Q2), ISBG announced that it “Signs Agreements to Deliver Approximately $400,000 of Its Flagship Tequila Brand Besado per Quarter,” saying:
FACT:
On December 31, 2016, ISBG issued a press release entitled “ISBG to Report 2nd Consecutive Profitable Quarter,” stating therein that
FACT:
Two weeks later (i.e., not "next week"), the company filed its financials for those "profitable" second and third quarters, which showed net losses of $253,381 and $138,581, respectively. The financials also showed that the company had only $130k in revenue that quarter, despite the Q2 press release announcing an agreement to “deliver approximately $400,000 of its flagship tequila brand Besado per quarter.” Indeed, the Q3 financials showed that the company had only $2,577 in cash and over $1.3MM in current liabilities.
FACT:
During Q4 2016, an Indiana court levied a $100,000 judgment against ISBG for failure to pay its former VP of Sales his salary. That judgment is currently pending, and ISBG’s appeal brief is due on March 30. ISBG did not even appear for its court hearing in the case, nor has it ever disclosed or acknowledged the lawsuit to investors. In fact, the plaintiff Joel Adams was still listed as VP of Sales on ISBG's website as recently as this month.
Share Structure:
FACT:
In June, 2016, ISBG had approximately 1.8B shares outstanding of 1.95B authorized.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123337421
FACT:
In multiple PRs in June, 2016, ISBG announced “a stock buyback program to reduce the company's common stock float,” further claiming that
FACT:
On July 15, 2016, the company increased its authorized shares from 1.95B to 2.95B.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=2UQ7CaNe4Nhml7%252bi5cY08g%253d%253d&CorpName=INTERNATIONAL+SPIRIT+AND+BEVERAGE+GROUP%2c+INC.
FACT:
In mid-July, 2016, the company “gagged” the transfer agent, no longer permitting them to give out the current share structure information to investors.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123973923
FACT:
By the end of Q3 on September 30, 2016, ISBG had 2,376,609,947 shares issued and outstanding – an increase of about 500MM shares since the company announced it no longer needed to dilute and would be buying back shares to decrease the float.
http://www.otcmarkets.com/financialReportViewer?symbol=ISBG&id=165142
FACT:
On February 2, 2017, the company tweeted that it “doesn’t dilute.”
That same day the company also released a PR. And, coincidentally, VNDM showed up and began dumping hundreds of millions of shares, ending the January run and killing momentum on the board.
FACT:
On February 9, 2017, the SS was updated on otcmarkets to show a verified increase of 500MM shares in the O/S, up to 2,876,609,947 shares of 2.95B authorized.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128558889
FACT:
On March 3, 2017, the company raised the A/S an additional 2 billion shares, to 4.95B total authorized.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=2UQ7CaNe4Nhml7%252bi5cY08g%253d%253d&CorpName=INTERNATIONAL+SPIRIT+AND+BEVERAGE+GROUP%2c+INC.
FACT:
We have seen around 225MM shares in t-trades and/or cross-trades just this week, with heavy selling into the ever-lowering bid as the PPS plummeted from its high of .0011 after the recent long-awaited PRs.
T-trades for 75MM on 3/20
A 34MM t-trade on 3/21
114MM in t-trades today
There’s much more, but that should be a good start for now...
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