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Here's where I noted the shift in tone at ISBG's official twitter account earlier this year, but the post also includes some highly-entertaining screenshots of some of the oldies but goodies off ISBG's twitter (many of which were definitely Pierce himself). As you can see, "semi-literate" has always been an overly-generous way to describe ISBG's written pronouncements. I mean, their first label for Besado tequila had a typo that mis-spelled one of the three main ingredients right on the front of the bottle!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147142402
Alonzo Pierce has a long history of abusing the english language, but I agree with your assessment in these specific instances that there's a distinct non-native english feel to a lot of the tweets in terms of verb conjugations, etc. I'm pretty sure the same person who runs the "underground stocks" newsletter/twitter (which I think is based overseas) took over stock promoting for ISBG last year and was given the keys to the ISBG twitter account. For awhile the same grammar mistakes and english-as-a-second-language impression was also coming through several accounts posting on here, although that has died down lately. That said, the company's claim that it had no knowledge of posts coming through its account is laughable given that we know Pierce himself often tweets through the account.
I'm inclined to agree
I think there was very little chance the SEC would take notice when the same fake-acquisition-news pump and dump happened on DANR a couple months ago after ISBG tweeted about it being a good candidate for a reverse merger. I think the chances are much higher this time, given that VNTH filed the 8k with the SEC publicly accusing ISBG of issuing a false tweet about merger talks. I would bet VNTH also contacted the SEC directly about the sudden rise in trading activity, or perhaps the 8k was a response to an inquiry after the sudden volume surge triggered an alert at the SEC. I would think that would warrant at least a phone call to ISBG inquiring about the tweet.
The fact ISBG put out that PR today with over-lawyered language denying any responsibility suggests they got a call from somebody, but whether that was the SEC or OTCMarkets threatening to put another skull-and-crossbones designation up is an open question. Actually, the fact they blatantly lied in the PR about the tweet being a fabrication (which Pierce could confirm as false by downloading @drinkisbg's tweet history directly from Twitter, which I believe includes even deleted tweets), may suggest he's just trying to get OTCMarkets off his back, because making false statements to OTCMarkets is one thing, but making them directly to SEC/FINRA is another and I'm not sure even he is that dumb.
And of course the recent Elon Musk matter is the most high-profile example of the SEC’s position:
I don’t think they actively monitor twitter, it’s too much data, but they can certainly use tweets as evidence of securities fraud if they become aware of false tweets (such as when a .0002 OTC ticker like VNTH sees an enormous jump in trading activity and has 300MM volume out of nowhere, and then that company makes an SEC filing attributing the activity to a false tweet by ISBG).
The SEC’s basic position (see link below) is that companies can use Twitter to disseminate information publicly to investors, provided that the company has given investors prior notice of its Twitter use through ordinary channels (like filings and press releases). Likewise, the rules applicable to filings and press releases prohibiting false information also now apply to company twitter posts.
Beyond that, SEC Rule 10b-5 prevents *anyone* from disseminating false information about a company in *any* forum in connection with the purchase or sale of a security, and the SEC has repeatedly busted people for false tweets made for the purposes of manipulating a stock. Again I don’t think they are actively searching out twitter pumpers but they do occasionally go after someone when it’s blatant securities fraud and the dollar amount involved in the illicit activity is significant.
https://www.sec.gov/news/press-release/2013-2013-51htm
The SEC doesn’t have the resources or the inclination to put in the work necessary to unwind and prove a lot of the fraud that goes on with OTC tickers, and a lot of the ill-gotten gains are quickly moved out of reach and/or the companies are so insolvent that there’s no blood to squeeze from the stone. But they do occasionally make busts down here, especially when it’s so blatant and easily proven. You can go to the SEC’s webpage and search the many PRs announcing enforcement actions on OTC tickers, lenders and CEOs.
Wouldn’t be that hard to subpoena records from twitter and get the underlying trade data on VNTH to see where the money was flowing. This seems like low-hanging fruit that would be relatively easy to prosecute and let them give the appearance they’re enforcing securities laws in the OTC.
The lie about the lie is a particularly dumb move especially when it can be so easily verified with minimal effort. I’m guessing Pierce had some trouble sleeping last night. SEC might actually care about a false tweet that sparked hundreds of thousands in trading activity on a dead trips ticker that was loaded heavy in the hour before the tweet went out.
"The Company is aware of an apparent screenshot by a third party purporting to display a tweet from ISBGs Twitter feed, which, it is claimed, was later deleted. ISBG did not post or delete said tweet. The image purporting to show said tweet may be a fabrication."
There were several third parties who screenshotted the tweet, but who's counting? In any event, that's a pretty elaborate "fabrication" to also have a bunch of Twitter users (some well known) respond directly to @drinkisbg in reply to the now-deleted tweet that was never tweeted.
What a bunch of morons.
"Furthermore, ISBG did not knowingly or willingly release information into the public domain, over Twitter or any other communication, media, or messaging service or channel related to Nano Mobile Healthcare, whether regarding an acquisition or any other matter."
This statement literally says that ISBG never released information into the public domain regarding any matter. SMH.
I wonder if the SEC actually contacted them and not just OTCMarkets. That PR was obviously drafted with a lawyer's assistance.Seems pretty brazen to just lie and pretend the tweet that numerous people screenshot and responded too never happened. He must be really desperate for cash these days...
"We will never do that thing we did last Friday!"
That is also why VNTH filed that 8k specifically stating that
Note the use of “release” that reflects Pierce’s trademark butchering of the English language. But sure it was a hacker!
“Due to the falseness of a tweet involving VNTH and ISBG..we have taken the necessary security procedures.” (Bad punctuation in the original)
Translation: “That false tweet we put out wasn’t our fault we were hacked! Don’t worry we fixed the security problem, won’t happen again we swear!”
LOL the old “baby I was hacked I swear!” defense
Due to the falseness of a tweet involving VNTH and ISBG..we have taken the necessary security procedures. We will also update through 8k and OTC. We will never claim acquisitions or mergers falsely out of respect for our shareholder and company.
— BlockQuarry Corp (@blockquarryco) June 26, 2019
How’s that “growing bid” holding up?
There's 3.7MM on the ask at .0015 and only 2.5MM bidding at .0014
Then why did the company say this in their PR yesterday?
“We are in the process of completing an audit of financial data, which, once completed, will show over $300k from this new division that went straight to the bottom line in 2018.”
ISBG didn’t launch its CBD products until 2019 and reported $2100 in revenues for Q1 2019 (after releasing a PR in February saying they expected $300k+ based on sales “exceeding expectations”). How will CBD revenues help the “bottom line” for 2018?
“Doubled? 500M to 750M is hardly a double.”
The A/S is 950MM not 750.
This company always gets active on Twitter when note holders are gearing up to dump shares. When dilution stops, the company goes quiet until the next pump. Same pattern for 5+ years. Good luck!
Yes they just doubled the A/S and need to assist note holders in selling off another 450MM shares so it’s not surprise there’s new “crypto” tweets coming out.
The goal is not to raise the PPS, it’s to slow the decline and give buyers enough hope not to sell for a loss as we enter trips.
"And the only way that any revenues from product sales can go straight to the bottom line is if they get their product at no charge"
And the only way that any revenues from a product you launched in January 2019 can increase your revenues from 2018 is if you have a time machine.
I feel like the Valued Shareholders would have felt more Valued if the update had addressed the doubling of the A/S five days after the public statement that ISBG would not raise the A/S, or the accusation of stock fraud leveled at ISBG in an SEC filing by another company, rather than some vague projections about the company "beginning to establish growing momentum" despite a chart that looks like a ski slope.
An audit! Oh boy! Hopefully this one won't be "on the way" and "nearly completed" for 3+ years like the last one.
And this?
Don’t forget the other condition, “I get to claim whatever I want as a ‘business expense’ and spend six figures of company cash every quarter, but all I’m going to disclose to you is the total dollar amount and chalk it all up to ‘selling, general and administrative expenses.’ Don’t ask questions just trust me! Also I need more of your money to pay the guys who lent me the cash. Thx bye!”
”there are many good things happening with isbg”
Like when they just doubled the A/S less than a week after publicly stating they would not raise the A/S?
Like when they tweeted about an official merger being completed with VNTH from their official company account and then VNTH made their first SEC filing in a year to specifically state that there were no merger talks and ISBG’s tweet was false and misleading?
Like when they touted a partnership and an acquisition for weeks and then it turned out they were talking about the purchase of two pre-fabricated websites in an online auction for about $650?
Like when they released a PR saying CBD sales were higher than expected and they were revising their $300k Q1 revenue upward, and then filed financials showing $2100 in Q1 revenues?
But hey, they changed their company name right! Great things happening!
Conway still conning I see. Has Winters showed up yet to explain why he’s the real victim here and the R/S isn’t his fault?
Who’s the new Pringle?
I think that's right. Found this too:
http://www.finra.org/investors/highlights/corporate-actions-public-companies-what-you-should-know
Doesn't mention A/S changes, but it does mention "mergers and acquisitions." Maybe the huge $299 acquisition of CBDforsell.com that ISBG announced the other week is holding things up?
I agree, ?pe?d?se?? Mjaj. Funny that's my grandmother's middle name!
Is an A/S raise a “corporate action” under FINRA guidelines?
If so it may be awhile for that name change:
It’s not a company it’s a one-man scam that made $2k in total revenues in Q1 (after announcing it expected $300k+ halfway through the quarter), yet spent $500k+ in “general and administrative” expenses and salary for Pierce. It is a vehicle for selling shares to the public on the basis of fraudulent statements and omissions, nothing more.
Doesn’t work well with fraudulent companies
There were 2MM shares sold at .0002 the day after the reverse split back in September 2017 on a big dump when there was no bid, but that doesn’t really count IMO
It just hit an all time low FYI
Here it is... it was DANR... company tweet plus twitter bot pumps caused blatant pump and dump.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148430445
Caveat Emptor slapped on DANR a day or two later:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148480624
They did the same thing a couple months ago with another ticker... can't quite recall the name but it started with a D. Tweet goes out saying it would be an attractive candidate for a merger/acquisition by ISBG (except expressing that sentiment at about a 6th grade level), huge volume surge on that ticker, and then trading was promptly suspended