Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I was told a deal was in the making for Loma to buy out the two Palm Beach note holders for Jeff, then Jeff would give Loma a great great conversion deal. IMO part of this current dump.
No effect. Autry didn't come through with second tranche, and now out. Loma is pulling the plug and now dumping the Quad 4. I would say those are pretty good effects.
No disrespect taken. My post was directed to the potential buyers of ISBG in hopes of understanding the underlying problems behind the current share price. They shouldn't allow themselves to be taken in at the current low price believing they are buying a legitimate stock in company at a discounted price, they would be buying into a pipe dream that has become a scam.
Let's play toxic lender. Pierce and his entourage comes to you saying they need a loan at any rate secured by conversion.
1) None of Pierce's companies have paid back any/and/or majority of their loans.
2) ISBG is at .0005, what will be the conversion rate, you know the Loma Quad Four is out there, but how many shares are left to be dumped. Then you have the Autry note out there along with who else knows.
3) You can't verify the financial condition of the company due to the non existence of audit financials. Whereas an audit was attempted by three different auditors.
4) There's not any verifiable revenue.
5) What's the liability associated with the Metlife deal if ISBG can't pay next years lease payment?
6) What's the exposure to legal action from all the big name Rappers and entertainers who are supposedly contracted with ISBG?
Yeah, I will loan you some money, how many more zeros can we put behind the decimal and can I start selling right now.
Good bye Lou. This post was for you.
Charts don't apply to a Pierce stock. Out of cash, out of sources to borrow from, no revenues, lied about audit. Does the chart display the real truth.
Rest in peace Lou. I thought it was strange you didn't return my phone call and text Friday. You were a friend. I'm so sorry for your family and associates.
I don't know all the answers to your questions. ISBG turning out the way it was expected. I believe only the main players can answer that question or any questions. Maybe that's something RAWNOC can answer. This is what I believe, the current dumping is coming from LOMA which controlled the toxic debt of ISBG through the Quad 4 note. Rob was in contact with Allan floating they could make this work. Rob was also negotiating with the Palm Beach noteholders and Sallah. Rob offered multiple ideas on settlement including a lenders take over, then shares in another company, then he would have Jeff pay them off (I guess out of the Autry second tranche.
Then something must have scared Rob and Loma forcing them to make the decision to start dumping the Quad 4 note shares.
On Autry, I found out through mutual connections while working on a charitable foundation here in California. During a meeting of attorneys and contributors, the talk of scams came up, basically concerning charities. Then an attorney brought up Autry and a liquor scam and she was down $645K. My lower jaw hit the floor, but I didn't say anything (until later in a one on one conversation). Where the 645K came from, maybe Wayne dumped to recover some of the 1 mil. I don't know. There's not anymore money from Autry. I would also conclude there's not anymore money from Loma. So, it's now up to ISBG revenue from the sales going through the roof to make it work or all their Rappers under contract to paying for the booze or contribution money to Pierce and Jeff. But, hey they are partners with MetLife, Jets and Giants, I'm sure they are good for a couple of million.
There are people on this board who can deny the information I've posted.
Has the only listed officer recently die. In his obituary this company was not even mention. But, his recent religious degree he had earned in his final days. It appears he was a well respected man and a man of faith. But what's the future of this company .
Actually January. Reason for letter.
Autry letter: There will not be a second tranche due to violation of agreement dated... Loma in panic, Quad 4. Maybe Pow wow will put up the 1m and calm Loma.
It wasn't the Sallah letter that created this event. It was Autry's attorney's letter causing panic at Loma to liquidate the quad four note. You might get your wish of the Los Angeles Times Story.
There's only one thing ISBG management can do now. TURN OFF THE LIGHTS AT THE METLIFE SUITE, THE PARTY IS OVER!
Sallah got tired of herding cats. The icing on the cake was, chances are astutely done by Pierce and crew. Basically each note was different, especially with Allan's group. Basically only the two Palm Beach note holders had collateralized notes. I believe when Rob at Loma realized the differences, he began courting one party against the other, which was an excellent tactic.
We don't know how many shares are outstanding, but we are to believe only a very few people and/or lenders control large blocks. I've been told ISBG has turned on the printing presses putting out newly minted shares. The last time Pierce did this was to raise money to buy the FIMA shell.
1) ISBG out of money? I would say yes, the Autry second tranche didn't come through. Loma was working very hard in negotiations to protect the Quad 4 note along with offering a lenders take over of the company.
2) If you're out of cash and pissed at your lenders? You print more shares to dump into the market. Goal raise some cash, but pressure the lenders by dropping their conversion values, as pointed out Autry's 1 million dollar investment is now only worth $320K and sinking. The Loma Quad Four note is now underwater in
reference of collateralization.
3) We are dealing with desperate people who are willing to do anything. Anything.
Rob at Loma trying to convince Wayne he can run it. Rob has Allan convinced
New chapter. How the lenders are working to take over with new management. Cliffhanger, it's so bad, audit wise, can it be saved.
Through all our fights. It's good to see the band back together again.
Anyone read the tweet covering the trading halt in Canada? Can't do any research right now, but would appreciate if someone could confirm and give details.
Someone who had good intentions, but it all went terribly wrong for his lending group.
I don't know factually how the funds were washed. I can only state what was said in negotiations. The information on the Quad Four Note was presented by Loma and for that reason, they were leading the negotiations with Allan and his lender group, the Palm Beach Note Holders and James Sallah.
Mr. Loanranger, I admire your work and your effort. But, this is my opinion, the financials being referenced and used for reporting are not worth the paper they are written on.
Loma controls the note with the Quad Four Conversion and in return they gave Pierce $300K.
You're a lawyer. Let's say you are the controlling lender and it has come to your attention your borrower has committed certain mis-deeds that if comes to light would cause all kind of investigations and potential litigation. But, if you turn over control to said lenders, we will do our best to shield you from such, but your exit is necessary.
I can only say this, it's important to Loma that note is protected.
In my opinion, I believe the note is a scheme to raise more toxic cash without Wayne at Autry knowing about it, really one of the main reasons we don't have an audit along with a constant change of accountants.
I would not be surprised if the future of ISBG folds out this way: Rob is the new chairman of the board: Jeff is replaced as CEO and President: A deal is cut with Sallah, Palm Beach and Allan giving them positions on the board. But, sadly, DKTS shareholders are screwed.
I believe the term "Quad Four Note" was initially used by Rob at Loma in negotiations with the Palm Beach Note Holders and Attorney Sallah.
My understanding of where the "Quad Four Note" originated. Pierce was holding a conversion note where is was stated for a $1000.00 ISBG promissory note, the holder would be able to convert the note into 100,000,000 million shares of ISBG, thus a .00001 conversion rate, the Quad Four.
The Quad Four note was then reassigned to Loma Financial for $300,000.00. In my opinion, I would want to keep that information from Wayne at Autry; Autry $1M got them 100,000,000 million shares. So, I guess you can say Loma received a 70% discount.
Hello Cash:
How's Allan's negotiations coming along with Rob at Loma?
We call it the Quad Four Note. The note was secretly re-assigned to Loma Financial, who's now the primary lender to ISBG. Loma is now representing ISBG as lead negotiator in talks with DKTS note holders.
The main question for ISBG for Jan. 2016. What will Loma do to protect it's quad 4 note. Who's head(s) will Rob offer?
Happy New Year!
My daughter had Down syndrome. Today would have been her thirtieth birthday. On her memory. It's happening Pierce. Federal Court.
I just got the phone call from Palm Beach. Change the argument. We are filing in Federal Court tomorrow. Will lenders who have been in contact with me, please contact me so I can update you.
Did you contact?
Were you able to make contact with Sallah's firm?
Yeah, but the last tweet from, NO CHILL GULLY, really exemplifies the whole meaning behind family values!
Twitter Lighting Up!
Well, let's forget about MetLife.. Here we come Fenway! Boston Red Sox for putting together a great partnership proposal..
If that doesn't work, how about Madison Square Garden..
If that doesn't work, how about the NJ Devils at the Prudential Center..
Hello Wayne, are sure Mrs. Autry's check is in the mail, please don't let the checks we are writing to be in these great partnership deals bounce!
This was just texted to me.
"Money was received by TEMN-DKTS 5 months prior to the filing, when I questioned AP on this he said don't worry, I know he has an investment (which I have in writing from AP) then again I said AP did you deliberately leave this guy out? AP said call Sonfield. Called Sonfield, Sonfield said AP is not recognizing the guy as a lender, even though we have signed docs and proof of wire received."
So, I guess Sonfield holds the answer.
I was referring to ISBG-Jeff's tweets from MetLife Stadium. Haven't seen any in the last two weeks. Maybe they are in cash conserving mode right now since the Autry check is still in the mail. But, again with all the Cavoda sales from, from their last tweet, 12 new outlets should make up for the short fall from the Autry check being in the mail.
Also, from all the revenue generated from Besado's recent run being sold out. ISBG must be swimming in cash. I bet that's why the current financial reporting is being delayed. Their accountants are still counting all that cash.
Where are the tweets from Metlife Stadium. Oh, that wasn't an all cash deal, it was on the installment plan. Maybe they missed an installment.
Are you going to call .007 as the bottom?
Sid Pitteus is the person who gathered information for Wayne.
Where's the form D for the Autry second installment? Maybe the check is in the mail.
Those are all good points. You have Pierce's phone number, just like I have yours and you have mine. So, call Pierce, tell him to drop the suit against Lou for interfering with his negotiations with "large financiers" because there notes are worthless. Due to the notes being worthless, Lou did no harm.
I don't know why they are not on the balance sheet. I can frankly tell you this, there's another poster on this board who also sees the same information as I do, who also knows the contents of the Palm Beach Note Holders Notes. That poster has posted the sections of the notes that gives the Palm Beach Note Holders control over DKTS assets.
Opinion on balance sheet, Pierce didn't want the other lenders organized by Allan to know the Palm Beach Note Holders had control of assets.
I guess if there wasn't an underlying debt. Pierce didn't need to file suit. Maybe you just call Pierce and tell Pierce never mind, this is all being made up.