Monday, February 13, 2017 1:11:18 PM
cuz they've told a ton. They surely can't keep up.
Remember the recent PR said the Rockwell notes were "settled" in the 2nd and 3rd quarter last year? We've learned "settled" means converted and dumped. It was a direct response to my claim about the notes being due, as the filing clearly said.
The Company will also be correcting an error in the recently posted financials. There are not any notes maturing in January, 2017. All the Rockwell notes were settled in the second and third quarters of 2016.
This is what they were telling shareholders in the middle of the 2nd quarter. Did they LIE to themselves?
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.
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
Dilution by the numbers
March 31 ~ 1,136,872,597
June 30 ~ 1,925,109,947
Sept 30 ~ 2,376,609,947
Jan 31 ~ 2,876,609,947
Float 2,645,327,678 a/o Jan 31 2017 and it was 1,238,350,320 last May 17th.
http://www.otcmarkets.com/stock/ISBG/profile
Penny land is a pipe dream unless they reverse. Alonzo through his puppet T-Dog can blame investors for not buying this POS at higher prices............and in order to up list they need to reverse. After all, that's their main focus, as today's PR states.
What idiots they are behind this scam.
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