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