Replies to post #59902 on BlockQuarry Corp (BLQC)

[Carini]

LOL I don't post "professional advice" just personal opinion. In any case, I don't know what to make of the name on the COLA but I vaguely recall it being discussed on here sometime back in late 2015/early 2016. Someone with more understanding of the liquor laws (SCM?) could probably weigh in.

But let's be honest, there's never been any lack of reasons to be confused and sceptical about ISBG's ownership of Besado -- from the private LLCs that were set up after the DKTS legal case settled and presumably were used to hold the brands (Besado Tequila LLC and Dziaq LLC and, oddly, Kentucky Tequila LLC), to the mention of "Watr-Baak LLC" and its brand rights in that initial FIMA Inc. PR, to the more basic fact that ISBG has never paid for the Besado brand as promised more than two years ago...

I'm sure it will all be explained in the audit ;)

In the meantime, here's some excellent DD by a fellow poster from back in March 2015, when things were just as confusing and murky and uncertain as they are today. Note the bits about "Watr-Baak Holdings," a private company controlled by Pierce that held... well we don't really know...

loanranger Member Level Monday, 03/02/15 09:30:59 AM
Re: None
Post # 55077 of 59146

So the CEO of this company (Alonzo Pierce) somehow became the Chairman of the Board of FIMA, Inc. without FIMA making any mention of his appointment to that position in ANY of its filings or press releases? (Neither does Top Shelf, but I guess we're used to that).

And now FIMA says :
"ISBG and its affiliates will merge into Fima exchanging all issued and outstanding shares in exchange for the control block".
and...
"Fima, through ISBG's contract with Watr-Baak Holdings, also secures ownership of certain intellectual property rights and brand licensing."

Watr-Baak Holdings is a Texas LLC managed by the CEO of this company (Alonzo Pierce) which, based on the previous sentence, owns IP and licensing rights.
Patent and Trademark searches on USPTO.gov failed to reveal any patents or trademarks in the name of Watr-Baak.


A Google search for "International Spirits and Beverage Group" provided 5,090 results, however every one of those results referred to the merger with FIMA. In other words, removing the word "FIMA" from those results brings the total to ZERO, as if ISBG never existed prior to the merger.


Also from the FIMA press release.....
"ISBG also has solid assets on the books. The company currently has a partial interest in Nevis Capital Corporation (OTC:OCEE), a diversified holdings company...."
FIMA and Nevis have something else in common. In December of 2013 both companies received Cease Trading Orders from the Alberta Securities Commission.


It's a bit messy, but apparently:
Alonzo Pierce, CEO of this company (DKTS), has accepted the position of Chairman of the Board of a company (FIMA) that has given up a controlling position to a company whose existence prior to that transaction can't be confirmed (International Spirits and Beverage Group) which has some kind of contract with another company (Watr-Baak), an LLC managed by Alonzo Pierce.

That seems to be quite a handful for a guy who can't get a simple label designed that meets the relatively basic requirements of the TTB.