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Boy it sure gets quiet when the group flips out.
Ah, yes, here's the old press release.
This is even more hilarious in retrospect knowing that (1) Alonzo Pierce was in control of both DKTS and ISBG, so he was effectively making a deal with himself to screw DKTS shareholders (and noteholders) and steal the company's assets mere weeks after putting out a PR saying that DKTS had big exciting developments ahead for Besado; and (2) it's now been four years, and ISBG has still never made the share distribution to pay for its acquisition of Besado, and even if it did, given the dilution and reverse split that's happened with ISBG since then, the "purchase price" of Besado would probably work out to something like a couple thousand dollars...
LOL you can see here that some DKTS shareholders are still wondering today whether ISBG will ever pay for the Besado acquisition. My guess is no.
What about the #DKTS shares?
— Brian Mikkelsen - He/His/Him (@btmikk) June 7, 2019
Well, technically ISBG never merged with DKTS. What happened was that the newly formed International Spirit & Beverage Group merged into FIMA, Inc., which then changed its symbol to ISBG.
Then the new President of ISBG, Alonzo Pierce, made an offer to Alonzo Pierce, the CEO of DKTS, to buy all of DKTS’s assets (the Besado/Dziaq brands) in exchange for shares in ISBG that were to be distributed to DKTS shareholders at a 1:15 ratio since DKTS had billions more shares outstanding than ISBG.
Then Alonzo Pierce, CEO of DKTS, put out a press release saying that he would “carefully consider” this offer from Alonzo Pierce, President of ISBG, and only take it if he determined it was in the best interest of DKTS’s loyal shareholders.
Shortly thereafter Alonzo Pierce, CEO of DKTS, accepted the deal proposed by Alonzo Pierce, President of ISBG, and all of DKTS’s assets were transferred to ISBG.
DKTS’s shareholders were assured that they would be receiving their ISBG shares as payment for the brands very soon—by a specific date in fact, which I think was June 1, 2015 off the top of my head.
That date obviously came and went, and yadda yadda yadda, long story short, ISBG to this day has never paid DKTS for the brands, meaning that they were effectively stolen and ISBG does not actually own Besado.
For some reason, Alonzo Pierce, CEO of DKTS, never sued Alonzo Pierce, President of ISBG, for this theft of the assets owned by DKTS’s shareholders. He did go another year or two saying that they were working on the share distribution and it was all very complicated but would be completed soon—in fact ISBG tweeted about one of its big A/S raises that it was done so that DKTS shareholders could finally be paid—but eventually DKTS went totally dark and ISBG stopped mentioning it altogether.
I suspect that ISBG’s inability to prove ownership of Besado was one of the big sticking points with the SEC in evaluating ISBG’s now-withdrawn S-1 registration, among many other problematic issues.
They had 50MM left for conversions before the A/S raise next week.
No, the company teased and hyped a big new "partnership" with a company that was "affiliated with Amazon" in order to help sell shares when in fact the "partner" was just a pre-assembled website bought online for $300 about the same time the company started tweeting about it.
People who are new to penny stocks who have stumbled across ISBG (as I did back in the TEMN days), or who hear about it from a friend or newsletter promo or Twitter, deserve to be informed of the company’s history of fraud and misrepresentation and false promises designed to mislead investors so that they can make an informed decision about whether to put their money here. Many of us understand the OTC market and what these “companies” really are, and trade it accordingly. That’s fine, and good for you if you make money here. But many people don’t understand that and take these companies at their word, which is why it is important and beneficial for others to disclose what the company won’t.
I think years of fraud and incompetence (and massive convertible debt) might put a dent in that plan LOL
I want to be a big time Major League Baseball player but sometimes you just don’t have the ability to get what you want
No, he’s going to raise the A/S next week under cover of an “acquisition” that will never happen, and the PPS will be diluted to no bid again before the shell is either abandoned or reverse split to start over again.
Once upon a time, ISBG put out a press release stating that it
The “acquisition” news will be accompanied by an A/S raise, but then the acquisition will never happen and the A/S will get maxed out. Mark it.
You would think after all these years he would be better at it.
What a plan!
http://websitesforsale.site/2019/05/29/cannabisfuse-net-is-for-sale/
Step 1: Announce you're getting into the CBD industry.
Step 2: Announce you've put out a new CBD product, find images of gummy stars on Google images to use, put up cheap website to "sell" product.
Step 3: Announce you've booked your first $115k purchase order.
Step 4: Announce sales are higher than expected, predict $300k in first quarter.
Step 5: When you're forced to release your actual Q1 sales of $2k, start rumors of a new partnership from the company twitter account to distract people from the financials.
Step 6: Pay for online stock promo.
Step 7: Tweet about partnership news coming soon to give them something to hype.
Step 8: Buy a pre-made cannabis "newsletter" website for $300, throw up a couple pictures of your CBD product.
Step 9: Start a twitter account for your new cannabis newsletter website, pay a few bucks for 1300 click-farm followers.
Step 10: Tweet that the new partner is affiliated with Amazon, wait a day or two.
Step 11: Put out PR linking to the website you just started.
Step 12: Raise A/S, dump shares.
Step 13: Change name and ticker symbol.
Wait until you see how many shares you can buy at .0010!
I’m talking about this account:
https://twitter.com/cannabisfuse/
I know @drinkisbg has been around misleading investors for years. Just the other day I was pointing out how they were recycling old pics they tweeted in 2016 to make it look like Besado is currently on shelves and being promoted.
Cannabisfuse.net was just bought for $299 in an online auction a few days ago
Hilarious:
https://flippa.com/auctions/10201315/bids
Go ahead and scroll through their followers and see how many you think are real accounts.
Reminds me of a few years ago when Pierce set up the Besado tequila Facebook page and it got several thousand followers overnight. When I pointed out on here how odd it was that the “follower map” showed that nearly all of them were located in Bangladesh, India, the company immediately disabled the feature that lets you view the location of followers. Lol.
This is not hard. ISBG’s new “partner” cannabisfuse.net was created 11 days ago, with a twitter account that was created in June 2019 (its June 6 FYI).
These are called “red flags”
Maxed out A/S + $1MM in convertable notes = A/S increase.
This is not a real business. It is a vehicle for converting paper shares to cash. It’s been on repeat for years and years.
Cannabisfuse.net was created 11 days ago. The twitter account was created in the last week. Wonder who’s behind them?
You can feel the floor supports creaking. A/S raise very soon IMO.
You don’t have to try hard to discredit ISBG. You mostly just have to quote their own tweets and press releases and compare them to actual results.
How will the imminent A/S increase affect your outlook?
And best of luck to you selling above mid-teens after week’s end ;)
I still think he’ll keep it going as long as there’s a bid, which should last through the rest of 2019 depending on how fast they get the O/S up to 2-3 billion shares.
You’re making the incorrect assumption that ISBG announcing that something has happened or will happen means that that thing has actually happened or will ever actually happen.
Interesting
Note holders biding their time until the A/S increase
Didn’t they claim to have some partnership with Apple Rush (APRU) at some point too?
What happened to the partnership with Bow Wow? The one with MetLife stadium? The one with Tiger Reef? The $400k-per-quarter export deal to China? The RWB vodka acquisition (that was the reason given for the reverse split)? The partnership with CANB?
I'm talking about note holders who coordinate their dumping with fluff PRs from the company and twitter promos from paid accounts. Usually they wait a bit to see if pumpers can get any momentum going, but when the buying stalls they just go ahead and start unloading into the bid and the cross-trades start to print. They are converting their shares at .0007-10 or so at the moment so the lack of a pump doesn't really matter, as they make a profit all the way down.
With only 37MM or so shares left in the A/S I expect it to be raised to 1.5-3 billion this week, with an attempted camouflage of fake "acquisition" or "partnership" news.
Cross trades starting, and the dump begins
If people are shorting why does the O/S keep going up?
A/S raise disguised as “partnership news” coming this week