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$VISL is running
$IDSA looks thin and has a 4.3 million float.
Love the low float on $IDSA. Loading what I can down here.
Way under valued at under 1.00.
Loaded a few more today.
Potential buying opportunity here today. It's still only watch for me though. I'm looking for under 8.00.
$VISL on watch for a bounce. It looks about ready to run again.
$VISL on watch. It has been bouncing off around 1.50.
Added a few more this morning. It may be about ready to run again.
$HLTH up 103% in pre market trading.
$HLTH up 103% in pre market trading.
$HLTH up 103% in pre market trading.
$HLTH 8-K out today
KEY DATA
OPEN
$0.15
DAY RANGE
0.13 - 0.15
52 WEEK RANGE
0.10 - 1.25
MARKET CAP
$12.74M
SHARES OUTSTANDING
78.18M
PUBLIC FLOAT
56.12M
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported June 20, 2019
NOBILIS HEALTH CORP.
(Exact name of registrant as specified in its charter)
British Columbia
001-37349
98-1188172
(State or other jurisdiction of
(Commission File
(IRS Employer Identification No.)
incorporation)
Number)
11700 Katy Freeway, Suite 300, Houston, Texas
77079
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code (281) 925-0950
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 Entry into a Materially Definitive Agreement
On June 20, 2019, Nobilis Health Corp. (the “ Company ”), an indirect subsidiary, Northstar Healthcare Acquisitions, L.L.C., as Borrower, and certain subsidiaries of the Company, as guarantors (collectively, the “ Loan Parties ”) entered into a Third Forbearance Agreement (the “ Third Forbearance Agreement ”), dated effective as of June 14, 2019, with respect to the Company’s Credit Agreement dated October 28, 2016, as amended (the “ Credit Agreement ”) with BBVA Compass Bank as Administrative Agent, LC Issuing Lender and Swingline Lender and other lenders party thereto (the “ Lenders ”).
As previously reported, the Loan Parties, Administrative Agent and certain of the Lenders had entered into that certain Limited Conditional Forbearance Agreement, dated effective as of March 31, 2019 (the “ First Forbearance Agreement ”), pursuant to which the Administrative Agent and Lenders agreed to forbear, during the Forbearance Period (as defined in the First Forbearance Agreement, the “ First Forbearance Period ”), which expired on April 30, 2019, from (a) demanding payment in full of all obligations (including principal, interest, fees, and expense, or any other amount due under the Credit Agreement or other loan documents) and (b) exercising their respective rights and remedies with respect to or arising out of the events of default that occurred as a result of the Borrower under the Credit Agreement (i) failing to comply with financial covenants of the Credit Agreement, (ii) making certain Restricted Payments (collectively (i) and (ii), the “ Specified Defaults ”), (iii) failing to comply with the requirements of Section 6.12(a) of the Credit Agreement in respect to NHC Network, LLC, (iv) failing to cause Nobilis Vascular Texas, LLC, an indirect subsidiary of the Borrower, to make payments when due under a promissory note (collectively (iii) and (iv), the “ Disputed Specified Defaults ”), (v) failing to pay a certain demand invoice from the Administrative Agent, delivered to the Borrower on or about March 5, 2019, (vi) failing to comply with the requirements of the Credit Agreement regarding the
disposition of equity interest in a former indirect subsidiary, (vii) failing to pay the principal payments that became due on March 29, 2019, under the Credit Agreement, and (viii) failing to pay interest that became due on March 26, 2019, and on March 29, 2019, under the Credit Agreement (collectively (v), (vi), (vii), and (viii) the “ Additional Events of Default ” and, together with the Specified Defaults and Disputed Specified Defaults, the “ Initial Specified Events of Default ”).
Also, as previously reported, the Loan Parties, Administrative Agent and certain of the Lenders had entered into that certain Second Limited Conditional Forbearance Agreement, dated effective as of April 30, 2019 (the “ Second Forbearance Agreement ”), pursuant to which the Administrative Agent and Lenders agreed to forbear, during the Forbearance Period (as defined in the Second Forbearance Agreement, the “ Second Forbearance Period ”), which expired on June 14, 2019, from (a) demanding payment in full of all obligations (including principal, interest, fees, and expense, or any other amount due under the Credit Agreement or other loan documents) and (b) exercising their respective rights and remedies under the Credit Agreement or other comparable provisions of the other loan documents solely as a result of (i) the existence and continuation of the Initial Specified Events of Default and (ii) the Borrower failing to pay the LC Fee that became due and payable on April 10, 2019 under the Credit Agreement (together with the Initial Specified Events of Default, the “ Specified Events of Default ”)
Pursuant to the terms of the Third Forbearance Agreement, the Administrative Agent and Lenders have agreed that they will forbear, during the Third Forbearance Period (as defined below), from (a) demanding payment in full of all obligations (including principal, interest, fees, and expense, or any other amount due under the Credit Agreement or other loan documents) and (b) exercising their respective rights and remedies under the Credit Agreement and other comparable provisions of the other Loan Documents solely as a result of (i) the existence and continuation of the Specified Events of Default. The forbearance period under the Third Forbearance Agreement (the “ Third Forbearance Period ”) will expire on the earliest to occur of (i) the occurrence of an event of default under the Super Priority Credit Agreement, in each case during the Third Forbearance Period other than (a) the Specified Events of Default or (b) any event of default that occurs due to the failure of the Loan Parties to comply with the certain financial covenants contained in Section 7.11 of the Credit Agreement, (ii) any Loan Party’s actual knowledge of an event of default (other than the Specified Events of Default) that occurred prior to the Third Forbearance Period and that has not been cured within three business days of a Loan Party obtaining actual knowledge of such event of default and (iii) July 31, 2019.
The forgoing descriptions of the First Forbearance Agreement, the Second Forbearance Agreement and the Third Forbearance Agreement are qualified in their entirety by reference to the full text of the First Forbearance Agreement, a copy of which was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed April 9, 2019, the Second Forbearance Agreement, a copy of which was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 29, 2019, and the Third Forbearance Agreement, a copy of which is filed in Exhibit 10.1 to this Current Report on Form 8-K, and each of which are incorporated herein by reference.
INDEX TO EXHIBITS
Exhibit
Number
Description of Exhibit
10.1
Third Limited Conditional Forbearance Agreement, dated effective June 14, 2019.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NOBILIS HEALTH CORP.
/s/ Brandon Moreno
Brandon Moreno
Chief Financial Officer
Date: June 21, 2019
$HLTH 8-K out today
KEY DATA
OPEN
$0.15
DAY RANGE
0.13 - 0.15
52 WEEK RANGE
0.10 - 1.25
MARKET CAP
$12.74M
SHARES OUTSTANDING
78.18M
PUBLIC FLOAT
56.12M
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported June 20, 2019
NOBILIS HEALTH CORP.
(Exact name of registrant as specified in its charter)
British Columbia
001-37349
98-1188172
(State or other jurisdiction of
(Commission File
(IRS Employer Identification No.)
incorporation)
Number)
11700 Katy Freeway, Suite 300, Houston, Texas
77079
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code (281) 925-0950
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 Entry into a Materially Definitive Agreement
On June 20, 2019, Nobilis Health Corp. (the “ Company ”), an indirect subsidiary, Northstar Healthcare Acquisitions, L.L.C., as Borrower, and certain subsidiaries of the Company, as guarantors (collectively, the “ Loan Parties ”) entered into a Third Forbearance Agreement (the “ Third Forbearance Agreement ”), dated effective as of June 14, 2019, with respect to the Company’s Credit Agreement dated October 28, 2016, as amended (the “ Credit Agreement ”) with BBVA Compass Bank as Administrative Agent, LC Issuing Lender and Swingline Lender and other lenders party thereto (the “ Lenders ”).
As previously reported, the Loan Parties, Administrative Agent and certain of the Lenders had entered into that certain Limited Conditional Forbearance Agreement, dated effective as of March 31, 2019 (the “ First Forbearance Agreement ”), pursuant to which the Administrative Agent and Lenders agreed to forbear, during the Forbearance Period (as defined in the First Forbearance Agreement, the “ First Forbearance Period ”), which expired on April 30, 2019, from (a) demanding payment in full of all obligations (including principal, interest, fees, and expense, or any other amount due under the Credit Agreement or other loan documents) and (b) exercising their respective rights and remedies with respect to or arising out of the events of default that occurred as a result of the Borrower under the Credit Agreement (i) failing to comply with financial covenants of the Credit Agreement, (ii) making certain Restricted Payments (collectively (i) and (ii), the “ Specified Defaults ”), (iii) failing to comply with the requirements of Section 6.12(a) of the Credit Agreement in respect to NHC Network, LLC, (iv) failing to cause Nobilis Vascular Texas, LLC, an indirect subsidiary of the Borrower, to make payments when due under a promissory note (collectively (iii) and (iv), the “ Disputed Specified Defaults ”), (v) failing to pay a certain demand invoice from the Administrative Agent, delivered to the Borrower on or about March 5, 2019, (vi) failing to comply with the requirements of the Credit Agreement regarding the
disposition of equity interest in a former indirect subsidiary, (vii) failing to pay the principal payments that became due on March 29, 2019, under the Credit Agreement, and (viii) failing to pay interest that became due on March 26, 2019, and on March 29, 2019, under the Credit Agreement (collectively (v), (vi), (vii), and (viii) the “ Additional Events of Default ” and, together with the Specified Defaults and Disputed Specified Defaults, the “ Initial Specified Events of Default ”).
Also, as previously reported, the Loan Parties, Administrative Agent and certain of the Lenders had entered into that certain Second Limited Conditional Forbearance Agreement, dated effective as of April 30, 2019 (the “ Second Forbearance Agreement ”), pursuant to which the Administrative Agent and Lenders agreed to forbear, during the Forbearance Period (as defined in the Second Forbearance Agreement, the “ Second Forbearance Period ”), which expired on June 14, 2019, from (a) demanding payment in full of all obligations (including principal, interest, fees, and expense, or any other amount due under the Credit Agreement or other loan documents) and (b) exercising their respective rights and remedies under the Credit Agreement or other comparable provisions of the other loan documents solely as a result of (i) the existence and continuation of the Initial Specified Events of Default and (ii) the Borrower failing to pay the LC Fee that became due and payable on April 10, 2019 under the Credit Agreement (together with the Initial Specified Events of Default, the “ Specified Events of Default ”)
Pursuant to the terms of the Third Forbearance Agreement, the Administrative Agent and Lenders have agreed that they will forbear, during the Third Forbearance Period (as defined below), from (a) demanding payment in full of all obligations (including principal, interest, fees, and expense, or any other amount due under the Credit Agreement or other loan documents) and (b) exercising their respective rights and remedies under the Credit Agreement and other comparable provisions of the other Loan Documents solely as a result of (i) the existence and continuation of the Specified Events of Default. The forbearance period under the Third Forbearance Agreement (the “ Third Forbearance Period ”) will expire on the earliest to occur of (i) the occurrence of an event of default under the Super Priority Credit Agreement, in each case during the Third Forbearance Period other than (a) the Specified Events of Default or (b) any event of default that occurs due to the failure of the Loan Parties to comply with the certain financial covenants contained in Section 7.11 of the Credit Agreement, (ii) any Loan Party’s actual knowledge of an event of default (other than the Specified Events of Default) that occurred prior to the Third Forbearance Period and that has not been cured within three business days of a Loan Party obtaining actual knowledge of such event of default and (iii) July 31, 2019.
The forgoing descriptions of the First Forbearance Agreement, the Second Forbearance Agreement and the Third Forbearance Agreement are qualified in their entirety by reference to the full text of the First Forbearance Agreement, a copy of which was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed April 9, 2019, the Second Forbearance Agreement, a copy of which was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 29, 2019, and the Third Forbearance Agreement, a copy of which is filed in Exhibit 10.1 to this Current Report on Form 8-K, and each of which are incorporated herein by reference.
INDEX TO EXHIBITS
Exhibit
Number
Description of Exhibit
10.1
Third Limited Conditional Forbearance Agreement, dated effective June 14, 2019.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NOBILIS HEALTH CORP.
/s/ Brandon Moreno
Brandon Moreno
Chief Financial Officer
Date: June 21, 2019
$IDSA is down. It may be the perfect time to load up again.
$IDSA low volume after selloff. It may be bottoming.
KEY DATA
OPEN
$0.985
DAY RANGE
0.985 - 1.00
52 WEEK RANGE
0.955 - 2.69
MARKET CAP
$8.27M
SHARES OUTSTANDING
8.11M
PUBLIC FLOAT
4.3M
IDSA NASDAQ Listed Company Overview
Industrial Services of America, Inc. buys, processes and markets ferrous and non-ferrous metals, and other recyclable commodities. The Company operates through Recycling Segment. The Company's Recycling Segment collects, purchases, processes, and sells ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, foundries and refineries. It buys, dismantles and sells used auto parts. It purchases ferrous and non-ferrous scrap metal from industrial and commercial generators of steel, iron, aluminum, copper, stainless steel and other metals, and from scrap dealers and retail customers who deliver these materials to its facilities. It processes scrap metal through sorting, cutting and baling. Its non-ferrous scrap recycling operations consist of collecting, sorting and processing various grades of copper, aluminum, stainless steel and brass. Its used automobile yard purchases automobiles so that retail customers can locate and remove used parts for purchase.
Company Contact
Headquarters
7100 Grade Ln Bldg 1
Louisville, KY 40213-3424
http://www.isa-inc.com/
$IDSA low volume after selloff. It may be bottoming.
KEY DATA
OPEN
$0.985
DAY RANGE
0.985 - 1.00
52 WEEK RANGE
0.955 - 2.69
MARKET CAP
$8.27M
SHARES OUTSTANDING
8.11M
PUBLIC FLOAT
4.3M
IDSA NASDAQ Listed Company Overview
Industrial Services of America, Inc. buys, processes and markets ferrous and non-ferrous metals, and other recyclable commodities. The Company operates through Recycling Segment. The Company's Recycling Segment collects, purchases, processes, and sells ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, foundries and refineries. It buys, dismantles and sells used auto parts. It purchases ferrous and non-ferrous scrap metal from industrial and commercial generators of steel, iron, aluminum, copper, stainless steel and other metals, and from scrap dealers and retail customers who deliver these materials to its facilities. It processes scrap metal through sorting, cutting and baling. Its non-ferrous scrap recycling operations consist of collecting, sorting and processing various grades of copper, aluminum, stainless steel and brass. Its used automobile yard purchases automobiles so that retail customers can locate and remove used parts for purchase.
Company Contact
Headquarters
7100 Grade Ln Bldg 1
Louisville, KY 40213-3424
http://www.isa-inc.com/
$IDSA low volume after selloff. It may be bottoming.
KEY DATA
OPEN
$0.985
DAY RANGE
0.985 - 1.00
52 WEEK RANGE
0.955 - 2.69
MARKET CAP
$8.27M
SHARES OUTSTANDING
8.11M
PUBLIC FLOAT
4.3M
IDSA NASDAQ Listed Company Overview
Industrial Services of America, Inc. buys, processes and markets ferrous and non-ferrous metals, and other recyclable commodities. The Company operates through Recycling Segment. The Company's Recycling Segment collects, purchases, processes, and sells ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, foundries and refineries. It buys, dismantles and sells used auto parts. It purchases ferrous and non-ferrous scrap metal from industrial and commercial generators of steel, iron, aluminum, copper, stainless steel and other metals, and from scrap dealers and retail customers who deliver these materials to its facilities. It processes scrap metal through sorting, cutting and baling. Its non-ferrous scrap recycling operations consist of collecting, sorting and processing various grades of copper, aluminum, stainless steel and brass. Its used automobile yard purchases automobiles so that retail customers can locate and remove used parts for purchase.
Company Contact
Headquarters
7100 Grade Ln Bldg 1
Louisville, KY 40213-3424
http://www.isa-inc.com/
$IDSA low volume after selloff. It may be bottoming.
KEY DATA
OPEN
$0.985
DAY RANGE
0.985 - 1.00
52 WEEK RANGE
0.955 - 2.69
MARKET CAP
$8.27M
SHARES OUTSTANDING
8.11M
PUBLIC FLOAT
4.3M
IDSA NASDAQ Listed Company Overview
Industrial Services of America, Inc. buys, processes and markets ferrous and non-ferrous metals, and other recyclable commodities. The Company operates through Recycling Segment. The Company's Recycling Segment collects, purchases, processes, and sells ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, foundries and refineries. It buys, dismantles and sells used auto parts. It purchases ferrous and non-ferrous scrap metal from industrial and commercial generators of steel, iron, aluminum, copper, stainless steel and other metals, and from scrap dealers and retail customers who deliver these materials to its facilities. It processes scrap metal through sorting, cutting and baling. Its non-ferrous scrap recycling operations consist of collecting, sorting and processing various grades of copper, aluminum, stainless steel and brass. Its used automobile yard purchases automobiles so that retail customers can locate and remove used parts for purchase.
Company Contact
Headquarters
7100 Grade Ln Bldg 1
Louisville, KY 40213-3424
http://www.isa-inc.com/
The deeper you dig the worse ISBG looks. It's good for a lotto pick, but I will not be adding to my position. Good luck with all of the time and effort you've put into this one. I hope you get something out of it.
Once insiders get the right price they could buy up some of the float causing FELP to run and then bring the dividend back. We could potentially be back over 3.00 by this winter. Time will tell though.
The public float per OTC stayed the same.
09/30/2018
54,399,528
05/15/2019
54,399,528
OTCQB Certification
I, Alonzo Pierce, President/ Chairman of International Spirits and Beverage Group (“the Company”), certify that:
a. The Company is registered or required to file periodic reporting with the SEC or is exempt from SEC
registration as indicated below (mark the box below that applies with an “X”):
[ ] Company is registered under Section 12(g) of the Exchange Act
[ ] Company is relying on Exchange Act Rule 12g3-2(b)
[ ] Company is a bank that reports to a Bank Regulator under Section 12(i) of the Exchange Act
[ ] Company is a bank that is non-SEC reporting but is current in its reporting to a Banking Regulator
[ ] Company is reporting under Section 15(d) of the Exchange Act.
[x ] Company is reporting under the Alternative Reporting Company Disclosure Guidelines
[ ] Other (describe)
b. The Company is current in its reporting obligations as of the most recent fiscal year end and any subsequent
quarters, and such information has been posted either on the SEC’s EDGAR system or the OTC Disclosure &
News Service, as applicable.
c. The Company Profile displayed on www.otcmarkets.com is current and complete as of September 30, 2018 and
includes the total shares outstanding, authorized, and in the public float as of that date.
d. Please provide the following information as of the latest practicable date:
i. Number of Beneficial Owners holding at least 100 shares: 75 as of Septemeber 30, 2018
(“Beneficial Owner” shall mean any person who, directly or indirectly has or shares voting power of such
security or investment power, which includes the power to dispose, or to direct the disposition of, such
security.)
(“Public Float” shall mean the total number of unrestricted shares not held directly or indirectly by an officer,
director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding, or
any Affiliates thereof, or any Immediate Family Members of officers, directors and control persons.)
e. The company is duly organized, validly existing and in good standing under the laws of Nevada in which the
Company is organized or does business.
f. Identify any law firm and attorney(s) that acted as the Company’s primary legal counsel in preparing its most
recent annual report. Include the firm and attorney(s) name if outside counsel, or name and title if internal counsel.
(If no attorney assisted in putting together the disclosure, the Company must identify the person or persons who
prepared the disclosure and their relationship to the company.) Please also identify any other attorney, if different
than the primary legal counsel, that assisted the company during the prior fiscal year on any matter including but
not limited to, preparation of disclosure, press releases, consulting services, corporate action or merger assistance,
etc.
Alonzo V. Pierce, Chairman, President of ISBG
g. The following is a complete list of third party providers, including names and addresses, engaged by the
Company, its officers, directors or controlling shareholders, during the period from the Company’s prior fiscal year
end to the date of this OTCQB Certification, to provide investor relations services, public relations services,
marketing, brand awareness, consulting, stock promotion, or any other related services to the Company.
Federal Filings: 807 Brazos: Suite 403: Austin, Tx 78701
ii. Number of shares in the Public Float: 54,399,528 as of September 30, 2018
Getting close to loading zone again. I loaded at 1.5 last time. I'm looking for below that this time, if possible.
$ISBG new acquisition Tweet
@DrinkISBG
58m58 minutes ago
$ISBG-- Acquisition details on $VNTH will be release
$ISBG new acquisition Tweet
@DrinkISBG
58m58 minutes ago
$ISBG-- Acquisition details on $VNTH will be release
$ISBG new acquisition Tweet
@DrinkISBG
58m58 minutes ago
$ISBG-- Acquisition details on $VNTH will be release
Nice!
ISBG new Tweet
@DrinkISBG
58m58 minutes ago
$ISBG-- Acquisition details on $VNTH will be release.
I'll be adding more tomorrow.
$NIO is running currently at $2.96
Good call on this lakers17. Rinse and repeat nothing new here. I'm glad I took some profit. I'll be loading at the bottom as well. I just want to see how low they will push UCPA, before I add more to my position. Worst case it starts to run again before I get a chance to add more. No stress involved when your running on freebies.
I agree. Any day now this will run. I wouldn't take much to lock this float up.
At least they're including the authorized shares as well. The RS is not for the purpose of dilution like so many penny stocks. I'll be looking for the bottom on this to jump back in.
PIR 8-k out 1 for 20 RS of AS and OS effective on 6/20. Down 15% after hours trading. Could be a potential dip buy.
PIR 8-k out 1 for 20 RS of AS and OS effective on 6/20. I'll be watching for a potential dip buy.
Thanks 02opida. I gave you 1 as well.
I just took a position here. Way under valued IMO. Could you or another update the share structure here. Thanks.
https://www.otcmarkets.com/stock/ISBG/security
Market Cap
680,721
06/18/2019
Authorized Shares
500,000,000
05/31/2019
Outstanding Shares
453,813,755
05/31/2019
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
54,399,528
05/15/2019
$NIO 2.79 and climbing
$ISBG .0017 oversold just starting to move up and looks crazy thin.
ISBG Announces Besado Tequila Production Run Driven by VOLUM Blockchain/IoT Technology
Press Release | 06/13/2019
LAS VEGAS, June 13, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – International Spirits and Beverage Group Inc. (OTCPK: ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits and CBD-Infused Products markets, is excited announce the completion of a primary production run for its flagship tequila brand, Besado Tequila, using a supply chain management process driven by the VOLUM platform, augmented by end-to-end Internet-of-Things (“IoT”) technology.
ISBG Announces Besado Tequila Production Run Driven by VOLUM Blockchain/IoT Technology
ISBG Tequila Production
“We are not only creating the most authentic and essential tequila brand on the planet right now, but doing so with a 21st century process that will ensure a path from ‘farm to bar top’ that is so effective and efficient that we will be able to set a new benchmark for all other spirits producers,” noted ISBG president, Alonzo Pierce. “The VOLUM platform, armed with IoT, represents the future of supply chain management and the platform company model, which is the future of business for consumable goods producers. ISBG is a use case that should drive home the point: VOLUM works!”
Management notes that the process of managing the supply chain and logistics for this new production run using the VOLUM platform technology concluded successfully and proceeded completely without issue from start to finish.
The Company is proud to now be at a stage of complete implementation of IoT-enabled production and distribution for its Besado tequila brand, which will benefit both ISBG and its partners and customers by optimizing its sourcing and tracking informational capabilities as well as its execution of retail promotional activities. It will also serve as a first data point of validation of the new VOLUM supply chain management platform.
“We are following in the footsteps of two of the most admired and successful companies in the world today,” continued Mr. Pierce. “We see Ikea as the ultimate platform company, controlling an enormous supply chain with exceptional efficiency through collaboration, partnership, and logistics. We also look to Alibaba’s revolutionary incorporation of blockchain and IoT in supply chain logistics as a north star. We are now finally ready to unleash this same approach in the Spirits marketplace. Jack Daniels has begun a similar process. But Besado is the first tequila produced and to be distributed with blockchain and IoT technology guaranteeing the quality, and efficiency of the process every step of the way.”
About ISBG: International Spirits and Beverage Group (ISBG) is an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide. Based in Nevada, the Company's expertise lies in the strategic development and aggressive early growth of its brands and the establishment of these brands as viable and profitable as an incubator. ISBG intends to nurture emerging brands through critical stages of market development, including conceptualization, go-to-market strategy, supply chain and logistics engineering, integrated marketing, and distribution. In addition, ISBG has now established itself as a health and wellness company with a focus on reshaping the CBD products market through state-of-the-art nanotechnology processes, developing a wide range of nano-infused CBD gummies and beverages formulations. These products will be sold through the Company’s website, as well as through established wholesale and retail distribution channels. The company has also partnered with Bengala Technologies to develop and commercialize enterprise and B2B software technology products targeting the logistics and supply-chain marketplace.