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ISBG tweeting that it's acquiring VNTH (oddly, VNTH had a sudden volume spike 30 minutes before the tweet with 120MM shares trading hands). VNTH is an SEC delinquent company whose last filing is a pre-14C from June 2018 saying this:
O/S 500MM and growing, A/S raised on Monday from 500MM to 950MM
GTSM back on the ask today selling.
Way overvalued for an Alonzo Pierce stock.
Yes one can't take much credit for simply pointing out the obvious. Nobody brags about predicting rain when the sky is dark at noon and there's thunder every 5 seconds. The funny part is the folks standing in the middle of a field holding a golf club in the air and insisting that everything is going to be just fine.
True. It's just that mine has been consistently correct for 5 years now...
"A/S isn’t even a billion shares."
It's real easy to change that with an amendment. For example, one time they maxed out ISBG's 3B O/S and Pierce raised it to 5B in March, and then ran through that so quick he had to raise it to 10B only two months later. I have a feeling history will be repeating itself again.
Just because they're authorized doesn't mean they will be issued!
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Okay I can't keep a straight face with that one.
Oh you meant “news coming” as a good thing. Haha sure thing buddy. Keep averaging down! Anything under .0010 will be a gift!
Obviously. The A/S raise should lead to a new batch of PRs, a bunch of hype tweets, a new crop of pumpers, and a few hundred million more shares entering the market. I bet the current A/S doesn’t last more than a couple months at most.
That was another fake deal announced a long time ago to help sell shares that was never heard about again.
I don't really care what people do with their shares/money, I just think they should be informed when they do it.
A/S just doubled is what matters.
The business license renewal was done before the name change, so it's valid for a year even with the new name as far as I know.
Amendment #39 posted late last night, changing the company's name to "International Spirit & Wellness Holdings, Isnc."
Amendment #40 fixed the typo in the name change (unbelievable incompetence, I know), to "International Spirit & Wellness Holdings, Inc." and also raised the authorized shares to 950,000,000.
"International Spirit & Beverage Group" no longer exists.
Presumably we will see the ISBG symbol show up on FINRA's daily list soon (https://otce.finra.org/otce/dailyList) indicating that a symbol change has been applied for.
Once the name/symbol/CUSIP change occurs, anyone holding ISBG shares will be unable to trade them for at least several days, and more likely several weeks, while the new CUSIP shares are issued.
In the mean time, note holders will be able to convert their debt into shares of the new symbol well before retail can trade again, and now have 450MM newly-authorized shares to dump into the market before retail has a chance to escape.
It's a pretty standard OTC scam maneuver, but I've never seen a company lie so brazenly so soon before doing the exact thing they said they would not do.
I mean seriously:
Next will be the PR explaining that the raise was necessary for a big "acquisition" they're pursuing, and totally not for more debt conversions because the note holders were about to sue him to force an A/S raise.
Nevada SOS page is here:
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=2UQ7CaNe4Nhml7%252bi5cY08g%253d%253d&nt7=0
That shows the current, new 950MM A/S, and you can click the "actions and amendments" link at the bottom to see the list of amendments themselves.
But hey, at least he fixed the "Inc." in the name!
Yeah. Alonzo Pierce is a f*ing liar and a fraud, as some of us have been trying to warn you for years...
A/S just raised to 950MM
... in March. They announced the “completion” of the new “production run” in March.
The healthy booze revolution will be huge!
*you’re
Pierce is probably very confused and wondering why his threat of a CUSIP change didn't squeeze all the non-existent shorts and cause them to close out their non-existent short positions.
Man it is just so weird how the posting, the trading volume/activity, and the twitter traffic both by the company and everyone else just evaporates as soon as the A/S is maxed and there's no room for conversion dumping.
It's almost like all that discussion and trading action is faked by note holders for the purpose of enticing buyers to buy their discounted shares, so there's no need for it when conversions can't happen. But that would be ridiculous!
Has anyone on here actually paid for and received any of ISBG’s CBD products?
The most prestigious awards are given in secret and all information is kept off the internet that’s why they’re trying to silence you
Weird how the posting activity dies down when the A/S is maxed and there’s no conversions to sell...
Is WeSaleLiquor.com up for auction?
$250MM market cap definitely makes sense for a company with $2000 in revenues that just spent two weeks acting like the purchase of two pre-fabricated, month-old websites for $650 was the partnership/acquisition deal of the century.
Uh, they already announced the completion of the Besado production run back on March 7...
https://undergroundstocks.com/ugs-news-wire/f/isbg-completes-another-besado-production-run-and-cbd-sales-are
Maybe the name change he planning to announce is from ISBG to ISBGD?
Oh. Right. Yeah that’s cool to I guess.
I would bet she made it no more than a month before she started freaking out and thinking “what I’m the hell have I gotten myself involved in” before looking for a way to exit with as little liability as possible.
Just noticed that too. She was listed as a director before the update right?
Wait is ISBG tweeting out that it renewed its business license like that’s some kind of accomplishment?
Congratulations! You managed to meet the absolute minimum requirement for operating a business! Woo hoo!
You spelled “won” wrong there, Mr. Short Seller, who is totally really real like for serious this time no joke