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Thursday, February 16, 2017 5:34:05 PM
Perhaps some of you folks can check my figuring. But it sure looks like something 'fishy' afoot here. Like ISBG has oversold their authorized shares by MINUS -157,892,224 as of 01/31/2017 - and much more since. Maybe the MM's have no clue, that this should have soured by all rights already - due to lack of shares available. Are the MM's on the hook for that themselves? Just asking.
ISBG (AS) Authorized Shares 2,950,000,000 a/o Jan 31, 2017
(OS) Outstanding Shares 2,876,609,947 a/o Jan 31, 2017
(RES) Restricted 231,282,277 a/o Jan 31, 2017
-Unrestricted 2,645,327,670 a/o Jan 31, 2017
Held at DTC 1,898,108,620 a/o Nov 30, 2016
Float 1,238,350,320 a/o May 17, 2016
ABOVE are all shown as Verified by ISBG's Transfer Agent. Latest as of 01/31/2017
Reference: http://www.otcmarkets.com/stock/ISBG/profile
Using the Transfer Agent's own numbers above, as of 01/31/2017 we had AS - OS - RES = a FLOAT of MINUS -157,892,224 shares. What gives?
2,950,000,000 (AS) billion is shown in ISBG's last filing 01/17/2017 for
year 2015. That same number is shown in ISBG's last quarterly filing ended 09/30/2016 also. 2,950,000,000 billion is rather small amount of authorized shares as far as penny stocks go - to begin with.
Reference: See all these reports here: http://www.otcmarkets.com/stock/ISBG/filings
That would make the FLOAT MINUS -157,892,224 shares on 01/31/2017
If so, -maybe once the MM's get clued that they have had no legal shares to sell for a long time now - this has to soar to the moon in 1 day...
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