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Re: A deleted message

Friday, 03/24/2017 2:32:41 PM

Friday, March 24, 2017 2:32:41 PM

Post# of 59584
Also, I'm having trouble locating the part in the filings where ISBG reported that it paid DKTS restricted shares in exchange for 75% of the brand rights, as announced.

I do see where ISBG issued 97 million shares in exchange for "services," before they were later returned and cancelled:

Common Stock Issuances for Services

On November 23, 2015, the Company issued a total of 97 million shares of common stock to Top Shelf Brands Holdings for services provided. Alonzo Pierce, the Company’s President and Chairman of the Board, is also affiliated with Top Shelf Brands Holdings. The total fair value of the common stock was $601,400 based on the closing price of the Company’s common stock on the date of grant. The shares were subsequently cancelled and returned to treasury on July 12, 2016.


Of course, those 97MM shares would be worth about $48,500 today compared to the $600k+ they were "worth" when they were issued 6 months later than promised, or the $2MM or so that the company originally valued the brand at when it announced the sale.

Boy, what a mess this dead shell ticker is! What moron was running this thing anyway? I sure wouldn't want to be involved in his next business venture that's for sure...