Sunday, June 09, 2019 10:12:57 PM
The most glaring recently:
https://markets.businessinsider.com/news/stocks/rwb-vodka-officially-joins-isbg-portfolio-of-brands-1004504492
The RWB “acquisition” was the reason the company gave for the reverse split:
Then what happened was, ISBG put out a couple PRs announcing that they had acquired RWB vodka and then tweeted pics of bottles in stores and twin peaks girls next to a RWB racecar and listed it as one of their brands in filings and said the relaunch was coming and the board said oh man this is gonna be huge!
...and then we didn’t hear a thing about it for months and months and then some other OTC company announced how they were relaunching their RWB vodka brand and that they definitely owned it and ISBG didn’t say a thing but just quietly removed it from their list of brands in the next financials.
More here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144951840
Then there was the Tiger Reef rum deal, which also evaporated without a peep from ISBG:
http://www.nevadabids.com/business-news/1.136584-nevadabased-isbg-intends-to-import-new-ultra-premium-rum-brand.html
And there were the $400k-per-quarter export “agreements already agreed to” and the $425k+ sale that was announced as completed that I recently posted about (I think it’s in the sticky post above)
And then there’s the usual “acquisition” BS they put out when they have to increase the A/S:
Spoiler alert: the float exploded in the following months as the A/S was maxed out and raised some more, and there was no acquisition.
And again here:
Same result.
And this hilarity:
And on and on and on. The only constant being that the A/S *always* gets maxed out from debt conversions, and then raised ”for acquisitions” that never happen.
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