Saturday, February 24, 2018 3:02:50 PM
Level Brands announced today a licensing agreement with Society Hill for a new "Beauty & Pinups Vodka".
Problem is, Society Hill doesn't seem to exist anywhere other than in the imagination of Level Brands. Well, the business technically "exists" but they don't seem to have any business history, web presence, or sales.
Try searching for Society Hill Vodka and the only thing you come up with is the Level Brands press releases.
Society Hill is no doubt owned by a friend or relative of some related party to Level Brands and Kathy Ireland Worldwide.
What will most likely happen is that the stock gets a little bump and Level Brands will pay some sort of referral or commission fee to Kathy Ireland Worldwide ( or one of the wholly owned subsidiaries ) using investor capital against the future value of this "licensing agreement", but the "fees" paid by Society Hill will be in the form of some worthless paper only stock exchange.
These tactics are so shady and so transparent.
Next up? Watch for an announcement related to their related party Vaping company.
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