They may. If they're smart, the first call they made was to OTCMarkets. And they'd also have posted a PR denying that "news" at OTCMarkets. As it is, though, they're Pink No Info. Probably they haven't coughed up their $5000 fee to use the News and Disclosure Service.
IBGR - I'm sort of leaning towards Bill Shaefer being the culprit here. Or at least an accomplice for somebody that gets to receive stock in his tickers (he likes to always use the same lenders and issue free trading stock to the same insiders). Either way I think Bill Shaefer was complicit in some way.
This is the second one of his no information pink sheet junk stocks that has been a victim of some kind of "fake bitcoin" scam
First there was GTLL which had a "fake" twitter account put out "fake" information about GTLL going into the cryptocurrency business.
The tweet was enough to get GTLL off of no bid for 2 days then Bil Shaefer dismissed it as a fake tweet from a fake account.
Now you have IBGR - another Bill Shaefer no information junk stock that puts out a press release today saying that IBGR was Implementing Bitcoin into its fake Oil Business
I'm pretty sure that Globalnewswire.com has some kind of verification process for press releases. I don't think any old joe or sally off the street can pay to print a press release without verifying they are part of the public company mentioned in the press release. Then you have to consider the price action. There is no doubt that the volume today was way more than retail flipping the stock. There was some definite selling by IBGR insiders.
I think the PR was staged by Bill Shaefer (or an IBGR insider that received stock from Shaefer) and used to dump shares into the market then after the close the PR was pulled and Shaefer called it a fake.
Bill Shaefer also runs super scammy CCTL but with that one he is sticking to the bitcoin story.
At this point I don't expect any more fake information to come out on any more of Bill Schaefer's many many pink sheet no information (mostly hijacked) junk tickers, but I guess we'll see. Shaefer is a bottom feeder in the dirty pink sheet world so anything is possible.