Changing Daily
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LIKEGOLD; you read the article and tell me what it says IBRC market cap is. Tell me what the company description is.
Im saying the article you posted is not correct. Let's start with every detail from what the company does to what the "insiders" sold. Tell me I'm wrong?
Snakedude & LIKEGOLD; Im going to walk you through the post LIKEGOLD posted. I copied all cantent on IBRC;
IBRANDS CORPORATION (OTCMKTS:IBRC) had an increase of 114.52% in short interest. IBRC’s SI was 13,300 shares in April as released by FINRA. Its up 114.52% from 6,200 shares previously. The stock increased 7.69% or $0.0001 on April 26, reaching $0.0014. About 3.67M shares traded. iBrands Corp (OTCMKTS:IBRC) has risen 1200.00% since September 27, 2016 and is uptrending. It has outperformed by 1188.34% the S&P500.
iBrands Corporation, Inc. is a holding company. [color=red]The company has market cap of $1,700. The Firm provides financial advice to both individuals and businesses. It currently has negative earnings. The Firm acquires and operates market brands having market positions within a range of sectors. THE MARKET CAP IS $20M, NOT $1,700. ibrc ALSO DOES NOT PROVIDE FINANCIAL ADVICE OR SERVICES.
Since November 9, 2016, it had 0 insider purchases, and 9 sales for $1.48 million activity. On Wednesday, March 1 the insider Pitts Gregory C. sold $409,850. 2,500 shares were sold by Kelly William A., worth $205,715. 500 shares were sold by BENSON P GEORGE, worth $40,775 on Monday, February 13. Rand Alison S. sold 2,000 shares worth $143,300. 1,850 shares were sold by Schneider Peter W., worth $150,405 on Monday, March 13. oF THESE "INSIDERS" PLEASE FIND WHERE ONE IS LISTED ANYWHERE AS AN INSIDER WITH IBRANDS. LETS GO FURTHER; HOW DID RAND ALLISON SELL 2,000 SHARES WORTH $143,300 IF IBRC SGARES ARE WORTH $.0013?
13,300 shares!
So a $15.90 bet? 13,300 shares!!!
Yes, make a complaint with your real name. If one of the facts comes back false, you just documented slander with your real name. OR, hold tight and make some money. Tech4; these guys just don't get it.
They just said they are doing a PR roll out. Let them work on providing what they said.
I would say yes if the deal put funds in mo's pockets that were supposed to be going to IBRC. But if something came up after the video that scrapped other plans and put the company first, what crime was committed? Now if the DL turns out to be a scam and MO gets some back door deal like a larger ratio of shares for doing the deal (very common) then yes, he should be investigated. But if DL turns out to be great, (which to me does) then it begs the question if MO was being scum, or if he did us great? Time will tell, but through my dd I see nothing but great things ahead. So to me, I couldn't give 2 shits what he did or didn't keep a promised or date if me and family come out ahead.
All of IBRC shares equal $20m. If it's a 5:1 ratio, it means IBRC is reduced to whatever number, let's say 10m for easy math. IBRC now has 10m shares at $2 per share =$20m. Now add DL new shares (5:1=50m) is 50m new shares issued with a market price of $2. Now the cap is $120,000,000.
Does not matter the outstanding. The cap is $20m. If it's 5:1 it's a $100m cam regardless of 10m or 10b shares.
I know that imo the rumors aren't lining up with the dd I have done. If what your reverse info suggests, IBRC shares would be reduced at 5:1 or so. That means out market cap in the new company would be well over $100m. That's for a brand new company. The stock would drop. Would the savvy fraudster MO allow this? I still think it's a name change with DL merging in after. I think mo sold his shares to DL. IMO.
I have been through several in my 25 year trading career. If anybody has experience in sub penny, they would know what the reality is. Rule number 1; don't speculate!!!
If all things come through, are his hands still dirty?
I do and have found promised PR's and a lot of unknowns. Nothing fraudulent.
But if he does, would this mean calling him a liar and fraudulent be slander?
How do you know it was misleading?
Besides promised PR's, what has he done? There could be a or next week that shows and proves everything. Would he still be fraudulent and a liar?
Where is the fraud?
But if a company lets anybody outside in, they would have inside info. If the outsider was hired by a shareholder then an unfair advantage etc. bottom line you can google all you want and will never see this unless there was proven fraud. If it's proven, then then court would appoint an entity to do so. All this because info has not been released? That's not a crime. They are pink. This board cracks me up! There has been no proven fraud, only a delayed PR when told it would be a certain date and a bunch of anonymous people on here with jail-house law degrees that think they know what's going on.
So you think a company would allow an outside attorney to look at their books?
What fraud warrants an email to the SEC?...... about a non reporting company? Complaints first go to the state securities or FINRA first.
Can someone please explain what complaining to the SEC will do?
Great post!!!
Or let it play out and let them release news when it's appropriate.
What are the terms? What is the share ratio? You guys seem to know it's bad so curious how bad it is.
So what if it's a reverse? Do you guys have inside info the rest of us should be worried about?
They weren't current for 3 years. They are delinquent 3 weeks. You guys are actually contacting the sec because of IBRC? Good luck!
Good luck guys. Is this your first investment in penny stocks?
What are you guys getting lawyers about? A sub penny, non reporting stock because they keep pushing news out?
If that was the case, Dreamlife would be accepting a balance sheet that made $13m in revenue without one expense against it or a single write off this would owe north of $4m in taxes.
If IBrands got the order and it's not on the balance sheet regardless of merger or acquisition, there will be some splainin' to do. MO can't just simply "take a deal" or money with him.
There are more than 2 ways to go public. Reg A+ (tier 1&2), S-1, DPO with attached S-1, Form 10 from a merger or the private company simply buys the majority of a public entity by way of a forward acquisition. Mergers have better tax benefits. I still think Dreamlife bought MO's position in IBRC.
Berkshire Hathaway.
Here's my take; because of both companies market cap, neither a merger or reverse makes sense. I think MO sold his stake to Dreamlife. It's a conflict he's a CEO with another public company. Not that it's illegal, just a conflict.
In the end, this is why you don't contact the company. This could end the whole deal before it gets started. You can't get any info that wasn't made public or its inside which begs the question; why contact in the first place?
LIKEGOLD-Thanks*
Right, so you call begging for it, or wait for it to come out in a PR? I'm done with this conversation. It's those people that make a company go quiet with information.
Hmmmmm. Okay, fair enough my bad.
Did you reach out to IBRC by twitter or Facebook? Yes or no question.
How are they "borrowing" our money. We trade among ourselves. Second, I guarantee that IR department does not give out info that is not made public.