BlockQuarry Corp (BLQC)

[Rider76]

This is the response from company..

The company Board has also agreed to a restrictive covenant agreement that no stock will be converted through new note holder debt conversions to dilute the stock for the next six months. The company no longer needs to raise monies through toxic debt instruments that dilute the stock as revenues are increasing. The company is currently negotiating with all third party note holders to buy back their debt. The company is making these moves to increase the share value of the company for its shareholders and believes that the deals forthcoming will create greater value for the company. If the company chooses to increase the authorized shares it will be for the purpose of acquisitions, restricted dividends owed or for management services. The goal of the company is to reduce the amount of the shares in the actual float dramatically through stock buy back program.

Ref: http://www.otcmarkets.com/stock/ISBG/news/International-Spirit--amp--Beverage-Group--Board-of-Directors-Agree-to-Restrictive-Covenant-Agreement-and-Stock-Buy-Back-Program-to-Reduce-Shares-of-Company-s-Common-Stock?id=133237&b=y