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Oh look MAXM is back today.
Soooo... Gatorade, but with less flavors?
Pierce recycling old Besado photos again.
From today:
$ISBG Our Besado Tequila on shelf's. pic.twitter.com/a6FBsjs4N5
— BlockQuarry Corp (@blockquarryco) June 4, 2019
No, they just make misleading public statements to induce people to press the buy button on false pretenses. It’s called fraud.
"Listen to what the company has to say"
On January 19, the company put out a PR stating that it
"What do you think happens next?"
1. The note holders who are currently getting shares at .0007 get tired of waiting and dump the stock down to trips in the hopes of bringing in more volume so they can unload the shares they will then by converting at .0005 and under.
2. The last 50MM shares in the O/S get maxed out.
3. The company raises the A/S to 2B or so, attempting to distract from the NVSOS filing by filing for a name change around the same time.
4. The company puts out a PR/tweets saying that the A/S raise was necessary for the huge acquisition in the works and that the shares will only be used for that purpose.
5. Conversion dumping in the trips accelerates and the O/S starts increasing by several hundred million shares a month or more.
6. People lured in by the "acquisition" pump start losing faith, complaining on Twitter about the dumping and the O/S growth and asking when the news about the acquisition will come.
7. Possible PR about a "letter of intent" between ISBG and some other OTC ticker with a history of fraud and failure.
8. Nothing ever heard again about the "acquisition," as the O/S gets maxed out again in the billions.
9. Company tweets about how it doesn't dilute and is working hard to increase value for its loyal shareholders and will be making more announcements soon.
10. Company goes dark for 9 months or so as the share price finds its way to no bid and 500-800MM shares stack on the ask.
11. Reverse split.
12. Repeat.
Boom! Massive $45 ask slap! Weeeee!
Oh look ARCA is back on the ask today. Weird.
On 2/2/17 ISBG also tweeted that the “company doesn’t dilute,” and then on 2/9/17 the updated O/S showed that 500MM shares had been issued that month.
More fun facts:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129774540
ISBG also “has no plans” to reverse split in 2017, as it announced about 6 months before reverse splitting the stock.
If the company is not diluting, then why has the O/S gone from 120MM to 450MM since January?
There is no bottom. Just a reverse split at the end of the rainbow, or possibly an abandoned empty shell
I think the OTCMarkets 4/30 update had the O/S at 353MM. So 100MM were issued this month which seems about right with the dumping and cross trades we saw.
I predict Pierce declares freedom from the current A/S limitation by the Fourth of July. Heck maybe by the fourth of June lol
Sorry you’re right, I was thinking of the now inactive disclosure that had 5/15 as the date
The financials reported the O/S as 320MM on May 15 which means 130MM or so shares have been issued in the past two weeks.
A/S raise coming any day now
Oh yeah the “Besado Lounge” guy!
Got it. It appears that Pierce is suing Plus Odds in a declaratory judgment/injunction action to attempt to stop them from enforcing a debt note. ISBG is claiming the note is not enforceable, although the petition does not even attempt to say why, or provide any factual or legal basis for that conclusion.
I don't know how they do things in Texas courts, but where I'm from you have to actually allege a factual basis for your cause of action, not just state a legal conclusion, if you hope to avoid having your complaint thrown out at the start.
In any case, aside from several paragraphs trying to argue that a Texas state court has jurisdiction over Plus Odds under the state's long-arm statute, here is the entire substantive portion of the petition regarding the note as far as I can tell:
Just saw that ISBG has filed a lawsuit in texas against "plus odds, inc." on May 24
Don't have the complaint yet but will get a copy
Found this from an old post of mine from May 2017... posing questions somebody might want to ask Pierce
Exit scam
Translation: “please don’t freak out about the huge a/s raise that’s coming, it’s totally just for acquisitions and partnerships we swear!”
The O/S increased by a factor of 10, there was a string of fluff PRs and they reported $2100 in revenues for the whole first quarter. That tends to depress the share price.
Very minimalist I like it. Actually though they filed a "corrected" PR this afternoon. They didn't add the new name, they just took out the "to" in "changing its name to."
See, that way they have a whole 'nother fluff PR to put out with the "big news" about the new name.
“if the share structure remains the same”
It won’t.
ISBG has a million bucks in convertible debt. If that all converted today it would require over a billion shares, and that’s assuming the PPS never drops below .0017
Irrelevant. Pierce has permanent majority voting rights. All corporate actions go through him, like the A/S raise that is inevitably coming soon.
If you bought $1000 of ISBG a year ago, you would have $34 today.
If ISBG had not done the reverse split in September 2017 (six months after announcing it had no plans to do a reverse split), and if stocks didn't bottom at .0001, then the current share price would be .000006 per share.
No that's wrong. They "accidentally" updated the date on the 54MM float from last September to May 15 in their quarterlies, misleading OTCMarkets and the public to think the float is still 54MM. A couple days later they filed an amended disclosure, showing the float to be 214MM as on March 31. There's been a good 50-75MM more shares dumped since then IMO, if not more.
Up next: "Along with our name change, the Company has also decided to increase the total number of authorized shares in order to enable the Company to pursue profitable acquisitions and partnerships as part of its revised corporate focus. The Company believes this move will greatly benefit its loyal shareholders down the line."
Up after that: 2-3 billion shares dumped for debt conversions, zero acquisitions or partnerships (at least with any company not also run by Alonzo Pierce), and then no bid and a reverse split.
Whee!
To repeat, ISBG released a PR about changing its name, and forgot to include the new name in the PR
I'm guessing this "corporate action" is just a cover story for an A/S raise in any event.
The incompetence is stunning...
Yes they were on the bid in the .0020s a couple weeks ago, and you can see how that turned out.
Soon they'll be on the bid at .0010
And then at .0007
And then at .0005
And then at .0002
And then at .0001
And then they will just be on the ask at .0001, with several billion shares to sell.
Whee!
See how you feel when ISBG raises the authorized shares to one or two (three and a half?) billion this quarter with the stroke of Alonzo Pierce’s magical permanent-voting-majority pen...
Wrong. ISBG has used the term “blockchain” in press releases. Bitcoin is a blockchain technology. Hence, ISBG and Bitcoin are basically the same thing. QED.
Oh boy maybe another white paper?!?
"When they run out..." LOL good one!
16MM cross trade, doesn't look like they're done yet.
My estimate was low apparently.
A/S raise next month would be my guess.
Float 214MM as of 3/31/19
Oh look, they filed an amended disclosure.
And I’m right yet again ;)
https://backend.otcmarkets.com/otcapi/company/financial-report/221486/content
Yield sign probably because the float is inaccurate IMO. It’s not possible it’s still at that level after all the dilution