For anybody thinking one small ambassador received 100 million shares, I just want you to calm down and think logically. Ronaldinho’s brother’s company got 4 million shares, Claudio got 4 million shares, Beroe got 1 million shares, and the other ambassadors got a few hundred thousand each. What most of the shares have in common is that they are RegS. If you don’t know what a RegS is, it is a company issuing shares in a foreign country, and those recipients are all in foreign countries, Bulgaria, Brazil, and yes CANADA.
Here is some history of how a private Canadian company came to IBGR:
As most know they went from 2 guys with an idea who created Dryworld Industries in Canada in 2010. For 6 years, they did nothing of significance as they grew, and even that required significant investment to operate and grow. Where did that money come from? Friends, family, and private investors. What did those investors get in return? Shares of the private company Dryworld Industries(DI). In 2016 they hit the world map with 5 huge kit deals in Brazil and the UK. At this point all those DI investors are going to be rich, right? But they needed big money to fulfill those contracts, that they got from TCA ($20 million), or so they thought. As we all know TCA only gave them about $2 million before they were caught running a Ponzi scheme and shut down. So all 5 deals died and DI was screwed in more ways than one. First they lost all potential revenue, profits, reputation and future deals, but they also got sued by FLU (and most likely one or more other teams that just didn’t get to court). On top of that, the receiver for TCA was suing them to get back the $2+ million that did DI received from TCA before they were shut down.
So what were Matt and Brian to do? They could have filed for bankruptcy, screwed all their DI investors and just gone away. Instead they tried to figure how to restart, first by protecting what they could, and by settling lawsuits. So they moved the patent of value to Dryworld Brands, LLC in Wyoming, reverse merged with IBGR (lied to by Minsky that the shell had all required documents to become SEC reporting with little effort), settled the TCA lawsuit by paying pennies on the dollar (which in most cases is more than receiverships get when they sue to get back assets), settled the lawsuit with FLU (not sure what the details were), and began the process of making IBGR a revenue generating fully SEC reporting company.
If you haven’t seen the missing piece yet, I’ll kill the suspense, what are the original DI investors going to get out of this? I believe that the whole plan has been to bring all DI assets into IBGR/DRYW from the start. I know some of you are saying, “we already merged with them, don’t we own them already?!” Answer is no. We merged with Dryworld Brands LLC. Not privy to all the numbers and details, but DI investors were not going to just RM into a shell and be happy, also on a legal point, that would not have protected the patent(s) from the TCA lawsuit. So how are they going to basically transfer DI assets to IBGR and how are DI investors going to be compensated a fair amount? Since DI is a foreign company, the answer is a RegS. Problem is, you can do a RegS anytime, but those shares are worthless to DI shareholders unless they can become registered as IBGR shares. The only way IBGR shares can become registered is if the company is fully reporting to the SEC. And (I’m sure you got there already) how does a non-reporting company become reporting to the SEC? By submitting at least 2 years of AUDITED Financials!!!!
So it makes more sense that 100 million unregistered shares (or a large portion of them) were issued to DI shareholders. But why after all this time, are DI investors willing to accept shares that currently are worth the same amount as Monopoly money? Because logic dictates that they know the audit and SEC reporting is very near.
What is one of the big assets that we are all clambering for that DI has? Here’s a hint, it rhymes with “China.” Most likely the intended Dryworld Brands China subsidiary is waiting for it to be transferred over to IBGR. I know we on the outside are just yelling at Matt and Brian to “just do it already!!!” But we are actually talking about an international deal with 3 countries involved. That is not just a corner store purchase of some candy, there is a lot to do to make sure it is done legally and properly.
The above is a lot of my own DD and some of my opinion and educated guessing, so if you want to dissect it, throw questions at me, or take out your frustration on me with your responses, I will not answer or respond to them in any other way. I believe in Matt and Brian, and I believe even more strongly that it is their best long term interest to keep the shares count as low as they can and raise the value of IBGR/DRYW as high as they can.
Remember it easier to criticize than it is to do.
Redwagon (mic drop)
