Isodiol International Inc (ISOLF)

[236T568]

Scam company ISOLF issues press release stating that it sold its BSPG Laboratories Ltd subsidiary for US$14.0 million on March 29, 2019 - taking a massive loss of US $29 million in less than a year from its acquisition of the same company for US$43.0 million on April 17, 2018

ISOLF used this big acquisition to pump and pump and pump the stock price in 2018 - and now this.



The April 1, 2019 press release:

https://www.globenewswire.com/news-release/2019/04/01/1791033/0/en/Isodiol-International-Inc-Announces-the-Sale-of-BSPG-Laboratories-Ltd-and-Conclusion-of-Its-Fiscal-Year-2019-Business-Restructurings.html



and the details of the April 2018 acquisition from SEDAR:

BSPG Laboratories Ltd
On April 17, 2018, the Company, acquired 100% of BSPG Laboratories Limited (“BSPG”) and 99% of Purodiol do Brasil Ltda.
(“Purodiol”) for a total agreement value of USD$43,000,000




Not surprised though

and why is this not surprising?

because this is what scam companies do!