Not sure the mechanism, but I think the 106 million was RegS and is how we are moving China into IBGR with all of DI assets. Making DI original shareholders into IBGR shareholders. China was part of DI before the RM ever happened, so the references in the past of Brands China coming into IBGR has been delayed by DI not coming in, and DI will not come into IBGR until they get shares that will be registered (RegS) and unrestricted (IBGR must be SEC reporting for RegS shares to be unrestricted), and IBGR will not be SEC reporting until the audit is done and accepted by the SEC. So the audit delays are at the root of all our complaints, do if that is about to end, then we should have a chain reaction of good things coming in the next 3 months.
Since the RegS shares were issued, right after the close of last Q (just reported) that means that DI shareholders accepted RegS shares, so Audited fins are most likely done and submitted to the SEC. The SEC does not like to be used in promotions so they restrict the amount of info a company can put out while they are reviewing submissions. Also the shares were issued at the beginning of the current Q and will not have to be disclosed until 8/15/24 along with the value of the assets received.
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