Tuesday, June 18, 2019 2:05:05 PM
The business license renewal was done before the name change, so it's valid for a year even with the new name as far as I know.
Amendment #39 posted late last night, changing the company's name to "International Spirit & Wellness Holdings, Isnc."
Amendment #40 fixed the typo in the name change (unbelievable incompetence, I know), to "International Spirit & Wellness Holdings, Inc." and also raised the authorized shares to 950,000,000.
"International Spirit & Beverage Group" no longer exists.
Presumably we will see the ISBG symbol show up on FINRA's daily list soon (https://otce.finra.org/otce/dailyList) indicating that a symbol change has been applied for.
Once the name/symbol/CUSIP change occurs, anyone holding ISBG shares will be unable to trade them for at least several days, and more likely several weeks, while the new CUSIP shares are issued.
In the mean time, note holders will be able to convert their debt into shares of the new symbol well before retail can trade again, and now have 450MM newly-authorized shares to dump into the market before retail has a chance to escape.
It's a pretty standard OTC scam maneuver, but I've never seen a company lie so brazenly so soon before doing the exact thing they said they would not do.
I mean seriously:
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