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Can you guys take your personal gripes with each other offline? Nobody wants to witness it. I hear Discord is a great place for stuff like this.
I have to say, trading yesterday and today are going way different than I thought they would after the numbers reported. I thought we would be at new lows, but here we are at .008 and holding…
Not sure the mechanism, but I think the 106 million was RegS and is how we are moving China into IBGR with all of DI assets. Making DI original shareholders into IBGR shareholders. China was part of DI before the RM ever happened, so the references in the past of Brands China coming into IBGR has been delayed by DI not coming in, and DI will not come into IBGR until they get shares that will be registered (RegS) and unrestricted (IBGR must be SEC reporting for RegS shares to be unrestricted), and IBGR will not be SEC reporting until the audit is done and accepted by the SEC. So the audit delays are at the root of all our complaints, do if that is about to end, then we should have a chain reaction of good things coming in the next 3 months.
Since the RegS shares were issued, right after the close of last Q (just reported) that means that DI shareholders accepted RegS shares, so Audited fins are most likely done and submitted to the SEC. The SEC does not like to be used in promotions so they restrict the amount of info a company can put out while they are reviewing submissions. Also the shares were issued at the beginning of the current Q and will not have to be disclosed until 8/15/24 along with the value of the assets received.
Stockhobbit is it okay that I opine?
Is this an opinion board and a place to share “ideas?” Or your stomping ground?
I am not happy with the numbers and I’m actually stumped. Say what you want about how you all predicted this, but I’m in for the whole game, not just this Quarter. I think I have an idea where at least some of those shares issued in early April went, and “Global” is a clue.
Also .008 is a much better close than I thought we would see. I was thinking .005 myself.
Not unless all the money is in Dryworld Industries and they decide to bring it over. I’m not pleased.
It is a joke. I think Barrett got coked up and posted Bloomis’ numbers. This is bullshit.
Now that’s funny
I can’t wait to see what we got this Q in revenues…..
I think NZSR will surprise us. I think since we signed them in December, and our stuff went on sale on the NZSR shop in February, I have to imagine there was a significant stocking order that Legend put into Dryworld which didn’t show up on the last Q, but most probably will show up this Q. JMHO
Well, shouldn’t be long now. Hours at the most….
It is just my opinion based on what we can observe from the cheap seats combined with what makes sense. Like I said they have been quiet since the CU, only announcing simple partnerships.
Here we sit, waiting for the Q report. Big question is, what is the revenue going to look like? We pieced together that closing NZSR in December and the release of Dryworld products by them in late January/early February might be a significant spike in revenue (a stocking order perhaps). The volume these last few days has been up, so we know there are some that are gambling one way or the other since price has not moved too far one direction.
Not even going to consider this Q will be audited, but if it is nice. I feel like the 2 years of audited financials are already submitted, and I would guess that happened about the first couple days of April. I also think that started a “quiet period” where the company cannot release information as to prevent companies from promoting their stock by just claiming they have submitted to the SEC.
Does anybody know how long it takes for a new submission of fins to be reviewed/approved by the SEC? I found anywhere from 30 days (but I think that is if the company is already SEC reporting) to up to 6 months. Anybody have any knowledge of the typical time frame? If my guess is right, then it has been 7 weeks since we submitted to the SEC so it could still be months away.
Sounds like you are projecting
You don’t know how I invest or trade. But your daily rantings and sour grape tears show us you laid bare.
Just a fun fact:
“Emotional Investing is not a good Strategy.”
Something of GLOBAL proportions seems to be brewing…..
Can’t say how the investment community will react, but we have been down so long, it only makes sense that we have few places to go but up on good news. JMHO
They are not going to RM with DI, DI is most likely going to become a shareholder of IBGR after they sell all assets to IBGR. We may be surprised how much DI actually has in assets…..China is just one I suspect. The end will justify the means, or in this case the wait.
For anybody thinking one small ambassador received 100 million shares, I just want you to calm down and think logically. Ronaldinho’s brother’s company got 4 million shares, Claudio got 4 million shares, Beroe got 1 million shares, and the other ambassadors got a few hundred thousand each. What most of the shares have in common is that they are RegS. If you don’t know what a RegS is, it is a company issuing shares in a foreign country, and those recipients are all in foreign countries, Bulgaria, Brazil, and yes CANADA.
Here is some history of how a private Canadian company came to IBGR:
As most know they went from 2 guys with an idea who created Dryworld Industries in Canada in 2010. For 6 years, they did nothing of significance as they grew, and even that required significant investment to operate and grow. Where did that money come from? Friends, family, and private investors. What did those investors get in return? Shares of the private company Dryworld Industries(DI). In 2016 they hit the world map with 5 huge kit deals in Brazil and the UK. At this point all those DI investors are going to be rich, right? But they needed big money to fulfill those contracts, that they got from TCA ($20 million), or so they thought. As we all know TCA only gave them about $2 million before they were caught running a Ponzi scheme and shut down. So all 5 deals died and DI was screwed in more ways than one. First they lost all potential revenue, profits, reputation and future deals, but they also got sued by FLU (and most likely one or more other teams that just didn’t get to court). On top of that, the receiver for TCA was suing them to get back the $2+ million that did DI received from TCA before they were shut down.
So what were Matt and Brian to do? They could have filed for bankruptcy, screwed all their DI investors and just gone away. Instead they tried to figure how to restart, first by protecting what they could, and by settling lawsuits. So they moved the patent of value to Dryworld Brands, LLC in Wyoming, reverse merged with IBGR (lied to by Minsky that the shell had all required documents to become SEC reporting with little effort), settled the TCA lawsuit by paying pennies on the dollar (which in most cases is more than receiverships get when they sue to get back assets), settled the lawsuit with FLU (not sure what the details were), and began the process of making IBGR a revenue generating fully SEC reporting company.
If you haven’t seen the missing piece yet, I’ll kill the suspense, what are the original DI investors going to get out of this? I believe that the whole plan has been to bring all DI assets into IBGR/DRYW from the start. I know some of you are saying, “we already merged with them, don’t we own them already?!” Answer is no. We merged with Dryworld Brands LLC. Not privy to all the numbers and details, but DI investors were not going to just RM into a shell and be happy, also on a legal point, that would not have protected the patent(s) from the TCA lawsuit. So how are they going to basically transfer DI assets to IBGR and how are DI investors going to be compensated a fair amount? Since DI is a foreign company, the answer is a RegS. Problem is, you can do a RegS anytime, but those shares are worthless to DI shareholders unless they can become registered as IBGR shares. The only way IBGR shares can become registered is if the company is fully reporting to the SEC. And (I’m sure you got there already) how does a non-reporting company become reporting to the SEC? By submitting at least 2 years of AUDITED Financials!!!!
So it makes more sense that 100 million unregistered shares (or a large portion of them) were issued to DI shareholders. But why after all this time, are DI investors willing to accept shares that currently are worth the same amount as Monopoly money? Because logic dictates that they know the audit and SEC reporting is very near.
What is one of the big assets that we are all clambering for that DI has? Here’s a hint, it rhymes with “China.” Most likely the intended Dryworld Brands China subsidiary is waiting for it to be transferred over to IBGR. I know we on the outside are just yelling at Matt and Brian to “just do it already!!!” But we are actually talking about an international deal with 3 countries involved. That is not just a corner store purchase of some candy, there is a lot to do to make sure it is done legally and properly.
The above is a lot of my own DD and some of my opinion and educated guessing, so if you want to dissect it, throw questions at me, or take out your frustration on me with your responses, I will not answer or respond to them in any other way. I believe in Matt and Brian, and I believe even more strongly that it is their best long term interest to keep the shares count as low as they can and raise the value of IBGR/DRYW as high as they can.
Remember it easier to criticize than it is to do.
Redwagon (mic drop)
So you drew your line in the sand.
When the audit is complete you leave?
Tell you what I’ll let you off the hook, you can bitch on here until ticker change is done, that is fair enough, right?
But after that go spend your time more wisely and keep exposing real scams like G.S. Et al.
Define “the end”
Do you only mean an end that you keep predicting, or will you leave once Dryworld proves your prediction wrong and makes a success of it?
(Please say you will)
You are doing it now….
Well said.
This is not some plant food scam or some trucking scam.
Cutting off your nose to spite your face seems an appropriate analogy
These are all Restricted. They are probably the closing out of the RegS. It could very well mean that Dryworld Industries is ready to transfer their assets into IBGR finally. The RegS shares cannot become registered until IBGR is fully SEC reporting, which cannot happen until the audit is done. Why after 3+ years are they finally doing the RegS transfer now???? Could it be audit is done and we soon will be SEC reporting???? Makes more sense that screaming that the sky is falling.
BTW, there are no sellers currently, and I doubt 100million restricted shares will cause a rush to the door. JMHO
Is that you buying up to .0107? If so, don’t stop there.
Market closed today. Good Friday
So does that make you Pozzo?
Here’s what I see. Regardless of the past and all the factual delays there have been, from what I can determine, PCG does not take on clients that are not SEC reporting. If they have publicly taken on Dryworld as a client, they must (with their much more in-depth knowledge of the audit situation) determined that Dryworld is far enough along of close enough to completion of the audit and submitting to the SEC, that they trust it will be done. Is that 2 more days, 2 more weeks, or 2 more months, who of us know. But I would wager it is not going to sit for that much longer or PCG would not have publicly engaged with Dryworld. JMHO
You never disappoint with the Debbie Downer posts.
I am still quietly waiting for the audit which I believe will trigger a landslide of great things moving forward, but a name like Braden Smith does show that these guys are more than a one trick pony with Ronaldinho. Let’s hope Dryworld is the good luck charm we were for Trente Jones. Nobody would hate seeing hundreds of Purdue coeds wearing the cropped 3 Maestro hoodies at the game.
You and ranger should take your conversation about how much Dryworld is failing you two personally off line to PM’s. Maybe discord conversations should stay on Discord. If he is willing, you can bring Huggy in too. You guys are boring and repetitive, and you are looking like little bitches. Nobody cares how butt hurt you are. Not even Huggy….
Your mind is poisoned, you miss points and use every comment to stand on your soap box and rant and complain. If you aren’t going to sell, but you aren’t happy to hold, what are you going to do? Just be quiet and complain offline. You are just hurting any potential the company has by publicly hating on management and the company.
Trying to help….
You’re an idiot.
They just said it grew 277% YoY. It just started.
What’s the name of your sports apparel company? You obviously have a successful one since it is so easy as you say. Which influencers are promoting for you? Most of the companies in this business that we know by name have been around for decades to get where they are. I’m pretty sure in their early years, it was slow and they took their fair share of knocks. We don’t need Dryworld to be Nike,Adidas, or Lululemon right off the bat to make money, just to grow from here. My kids will hopefully be super well off with Dryworld stock I have for them in their trust accounts. I would just like some fun money until then. I think we will see .70 again in the next 5 years or so, and that is a fair estimation imho, but even .10 makes me rich from here.
This is a terrible flip right now. Very low volume with huge spread. This is a hold and wait for news/catalyst. Many good things coming, though we must wait. Potential is still very promising.
JMHO
“A key focus of the partnership ahead of the 2026 World Cup is to infuse the soccer jersey into all facets of culture and subcultures through releases with Renegade Territory artists and music partners, - creating unique merch options for fans, while fusing fashion-forward designs inspired by music, art, heritage and soccer. The jerseys will feature the D on the right chest with the Renegade Territory Crest on the left chest.”
Looks like we are gonna make soccer jerseys integrated with modern fashion and have a bunch of Renegade celebs wearing, advertising, and helping to sell them. Could be a pretty big deal. JMHO
We are up over 100% in a week, their algorithms see that and start selling shares that they don’t have. Theoretically they will absorb all the buys until momentum runs out, then they will wait for, what they think is temporary momentum, to die down. You are right, we will need volume and buying interest obviously. But we need it in the form of more good news. Brio people were in Columbia last fall if you remember, a nice 7 figure Columbian soccer deal sure would help. I just wish signing one was “imminent.”
But it is not trips…..