On your first point you get yourself stuck between a rock and a hard place. Either the 1.1M shares OS of BGGR is accurate, meaning ISBL is basically paying them $2.2M for an empty shell and ticker symbol (that technically isn't even trading) and ISBL has 500M+ shares outstanding and has been lying about no dilution, or...
As your theory states, they might have 5M shares OS, which means that ISBL gave them 30% equity and paid them $10M for an empty shell and ticker symbol that isn't even trading and ISBL still has 390,000,000 shares OS and was still lying about no dilution.
Personally I'd hope the first is true since either way they've been lying about dilution and paying $10M for a NON-TRADING shell would be absolutely assinine.
Oh, and .05? Not a chance in hell.