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Re: Scarface post# 74505

Sunday, 06/09/2019 10:12:57 PM

Sunday, June 09, 2019 10:12:57 PM

Post# of 81742
Sure!

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:

While neither company will be immediately disclosing the terms of the deal, the recently filed reverse split by ISBG is tied to the acquisition.

https://www.barchart.com/story/stocks/quotes/ISBG/4322349/isbg-to-acquire-rwb-vodka-in-asset-deal


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:

If the company chooses to increase the authorized shares it will be for the purpose of acquisitions, restricted dividends owed or for management services. The goal of the company is to reduce the amount of the shares in the actual float dramatically through stock buy back program.

https://emerginggrowth.com/international-spirit-beverage-group-inc-otc-pink-isbg-jumps-50-on-news-that-management-approved-share-buybacks/


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:

Recently, the Company increased the number of authorized shares to 4.95 billion shares with the purpose being to have available, only if necessary, some additional restricted shares to be utilized as part of the acquisition of profitable entities as well as to satisfy the shares owed to the Top Shelf Brands shareholders of record.

https://www.globenewswire.com/news-release/2017/04/11/958815/0/en/International-Spirits-Beverage-Group-Strengthens-Market-Position-As-Flagship-Product-Revenues-Continue-to-Grow.html


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.