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Re: ClairvoyantTrader post# 32624

Friday, 07/29/2016 10:01:35 PM

Friday, July 29, 2016 10:01:35 PM

Post# of 81743
If you are talking about recent 1B increase, then it won't hit the market now as per their PR. I still believe float is 1.2B and it will get reduced to 900M!

"The purpose of the increased authorization is part of the restrictive covenant agreement that will be used for the purpose of acquisitions, restricted dividends owed or for management services"
Ref: http://www.otcmarkets.com/stock/ISBG/news/International-Spirit--amp--Beverage-Group--Board-of-Directors-Commence-Buying-Stock-in-Open-Market-as-Part-of-Restrictive-Covenant-Agreement-and-Buy-Back-Program?id=136649&b=y

Their math is also matching with the float of 1.2B
PR on 06/02: Reduction of float by 25%
PR on 06/07: agreed to buy up to 300 million shares
So 25% of 1.2B = 300M

Again here is the latest SS on 06/28 from T/A
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123741257

$ISBG