what a scam eh.. credit goes to carini from other
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(Total Views: 5319)
Posted On: 03/23/2017 1:55:48 AM
what a scam eh.. credit goes to carini from other website.
You asked for HARD-NOSED FACTS:
Financials:
FACT:
On June 10, 2016 (Q2), ISBG announced that it “Signs Agreements to Deliver Approximately $400,000 of Its Flagship Tequila Brand Besado per Quarter,” saying:
Quote:
the company will have sustainable revenues per quarter of up to $400,000 from its agreements already agreed to. This begins the company's strategy to sell its Brands both domestically and globally and gives ISBG a foundation for long term sustainable growth. The company will begin its first shipment of its first containers sold overseas by the end of the month.
www.otcmarkets.com/stock/ISBG/news/International-Spirit--amp--Beverage-Group--Signs-Agreements-to-Deliver-Approximately--400-000-of-Its-Flagship-Tequila-Brand-Besado-per-Quarter?id=133736&b=y
FACT:
On December 31, 2016, ISBG issued a press release entitled “ISBG to Report 2nd Consecutive Profitable Quarter,” stating therein that
Quote:
management is pleased to announce that the company will show its second consecutive profitable quarter when ISBG posts third-quarter financials next week.
www.pr.com/press-release/700270
FACT:
Two weeks later (i.e., not "next week"
, the company filed its financials for those "profitable" second and third quarters, which showed net losses of $253,381 and $138,581, respectively. The financials also showed that the company had only $130k in revenue that quarter, despite the Q2 press release announcing an agreement to “deliver approximately $400,000 of its flagship tequila brand Besado per quarter.” Indeed, the Q3 financials showed that the company had only $2,577 in cash and over $1.3MM in current liabilities.
FACT:
During Q4 2016, an Indiana court levied a $100,000 judgment against ISBG for failure to pay its former VP of Sales his salary. That judgment is currently pending, and ISBG’s appeal brief is due on March 30. ISBG did not even appear for its court hearing in the case, nor has it ever disclosed or acknowledged the lawsuit to investors. In fact, the plaintiff Joel Adams was still listed as VP of Sales on ISBG's website as recently as this month.
Quote:
10/05/2016
Hearing Journal Entry
Plaintiff present with counsel, Ronald Weldy. Defendant FTA [failed to appear]. Susie Chipman present but is not an attorney and not able to represent the defendant. Hearing on motion for summary judgment. After hearing arguments, Court takes matter under advisement and will issue a ruling.
10/12/2016
Summary Judgment entered
Judicial Officer: Jacobs, Bradley B
Monetary Award:
Court Costs plus Pre-Judgment Interest: $1,589.25; Judgment: $92,727.30; Attorney Fees: $6,090.00
Status: Active; Signed Date: 10/12/2016
Awarded to: Joel Adams
Awarded against: International Spirit & Beverage Group Inc
https://public.courts.in.gov/mycase/#/vw/Case...lPREE9In19
Share Structure:
FACT:
In June, 2016, ISBG had approximately 1.8B shares outstanding of 1.95B authorized.
FACT:
In multiple PRs in June, 2016, ISBG announced “a stock buyback program to reduce the company's common stock float,” further claiming that
Quote:
The company no longer needs to raise monies through toxic debt instruments that dilute the stock as revenues are increasing. The company is currently negotiating with all third party note holders to buy back their debt. The company is making these moves to increase the share value of the company for its shareholders and believes that the deals forthcoming will create greater value for the company. If the company chooses to increase the authorized shares it will be for the purpose of acquisitions, restricted dividends owed or for management services. The goal of the company is to reduce the amount of the shares in the actual float dramatically through stock buy back program.
http://www.otcmarkets.com/stock/ISBG/news/Int...37&b=y
FACT:
On July 15, 2016, the company increased its authorized shares from 1.95B to 2.95B.
http://nvsos.gov/sosentitysearch/corpActions....OUP%2c+INC.
FACT:
In mid-July, 2016, the company “gagged” the transfer agent, no longer permitting them to give out the current share structure information to investors.
FACT:
By the end of Q3 on September 30, 2016, ISBG had 2,376,609,947 shares issued and outstanding – an increase of about 500MM shares since the company announced it no longer needed to dilute and would be buying back shares to decrease the float.
http://www.otcmarkets.com/financialReportView...;id=165142
FACT:
On February 2, 2017, the company tweeted that it “doesn’t dilute.”
That same day the company also released a PR. And, coincidentally, VNDM showed up and began dumping hundreds of millions of shares, ending the January run and killing momentum on the board.
FACT:
On February 9, 2017, the SS was updated on otcmarkets to show a verified increase of 500MM shares in the O/S, up to 2,876,609,947 shares of 2.95B authorized.
FACT:
On March 3, 2017, the company raised the A/S an additional 2 billion shares, to 4.95B total authorized.
http://nvsos.gov/sosentitysearch/corpActions....OUP%2c+INC.
FACT:
We have seen around 225MM shares in t-trades and/or cross-trades just this week, with heavy selling into the ever-lowering bid as the PPS plummeted from its high of .0011 after the recent long-awaited PRs.
T-trades for 75MM on 3/20
A 34MM t-trade on 3/21
114MM in t-trades today
There’s much more, but that should be a good start for now...
You asked for HARD-NOSED FACTS:
Financials:
FACT:
On June 10, 2016 (Q2), ISBG announced that it “Signs Agreements to Deliver Approximately $400,000 of Its Flagship Tequila Brand Besado per Quarter,” saying:
Quote:
the company will have sustainable revenues per quarter of up to $400,000 from its agreements already agreed to. This begins the company's strategy to sell its Brands both domestically and globally and gives ISBG a foundation for long term sustainable growth. The company will begin its first shipment of its first containers sold overseas by the end of the month.
www.otcmarkets.com/stock/ISBG/news/International-Spirit--amp--Beverage-Group--Signs-Agreements-to-Deliver-Approximately--400-000-of-Its-Flagship-Tequila-Brand-Besado-per-Quarter?id=133736&b=y
FACT:
On December 31, 2016, ISBG issued a press release entitled “ISBG to Report 2nd Consecutive Profitable Quarter,” stating therein that
Quote:
management is pleased to announce that the company will show its second consecutive profitable quarter when ISBG posts third-quarter financials next week.
www.pr.com/press-release/700270
FACT:
Two weeks later (i.e., not "next week"
, the company filed its financials for those "profitable" second and third quarters, which showed net losses of $253,381 and $138,581, respectively. The financials also showed that the company had only $130k in revenue that quarter, despite the Q2 press release announcing an agreement to “deliver approximately $400,000 of its flagship tequila brand Besado per quarter.” Indeed, the Q3 financials showed that the company had only $2,577 in cash and over $1.3MM in current liabilities. FACT:
During Q4 2016, an Indiana court levied a $100,000 judgment against ISBG for failure to pay its former VP of Sales his salary. That judgment is currently pending, and ISBG’s appeal brief is due on March 30. ISBG did not even appear for its court hearing in the case, nor has it ever disclosed or acknowledged the lawsuit to investors. In fact, the plaintiff Joel Adams was still listed as VP of Sales on ISBG's website as recently as this month.
Quote:
10/05/2016
Hearing Journal Entry
Plaintiff present with counsel, Ronald Weldy. Defendant FTA [failed to appear]. Susie Chipman present but is not an attorney and not able to represent the defendant. Hearing on motion for summary judgment. After hearing arguments, Court takes matter under advisement and will issue a ruling.
10/12/2016
Summary Judgment entered
Judicial Officer: Jacobs, Bradley B
Monetary Award:
Court Costs plus Pre-Judgment Interest: $1,589.25; Judgment: $92,727.30; Attorney Fees: $6,090.00
Status: Active; Signed Date: 10/12/2016
Awarded to: Joel Adams
Awarded against: International Spirit & Beverage Group Inc
https://public.courts.in.gov/mycase/#/vw/Case...lPREE9In19
Share Structure:
FACT:
In June, 2016, ISBG had approximately 1.8B shares outstanding of 1.95B authorized.
FACT:
In multiple PRs in June, 2016, ISBG announced “a stock buyback program to reduce the company's common stock float,” further claiming that
Quote:
The company no longer needs to raise monies through toxic debt instruments that dilute the stock as revenues are increasing. The company is currently negotiating with all third party note holders to buy back their debt. The company is making these moves to increase the share value of the company for its shareholders and believes that the deals forthcoming will create greater value for the company. If the company chooses to increase the authorized shares it will be for the purpose of acquisitions, restricted dividends owed or for management services. The goal of the company is to reduce the amount of the shares in the actual float dramatically through stock buy back program.
http://www.otcmarkets.com/stock/ISBG/news/Int...37&b=y
FACT:
On July 15, 2016, the company increased its authorized shares from 1.95B to 2.95B.
http://nvsos.gov/sosentitysearch/corpActions....OUP%2c+INC.
FACT:
In mid-July, 2016, the company “gagged” the transfer agent, no longer permitting them to give out the current share structure information to investors.
FACT:
By the end of Q3 on September 30, 2016, ISBG had 2,376,609,947 shares issued and outstanding – an increase of about 500MM shares since the company announced it no longer needed to dilute and would be buying back shares to decrease the float.
http://www.otcmarkets.com/financialReportView...;id=165142
FACT:
On February 2, 2017, the company tweeted that it “doesn’t dilute.”
That same day the company also released a PR. And, coincidentally, VNDM showed up and began dumping hundreds of millions of shares, ending the January run and killing momentum on the board.
FACT:
On February 9, 2017, the SS was updated on otcmarkets to show a verified increase of 500MM shares in the O/S, up to 2,876,609,947 shares of 2.95B authorized.
FACT:
On March 3, 2017, the company raised the A/S an additional 2 billion shares, to 4.95B total authorized.
http://nvsos.gov/sosentitysearch/corpActions....OUP%2c+INC.
FACT:
We have seen around 225MM shares in t-trades and/or cross-trades just this week, with heavy selling into the ever-lowering bid as the PPS plummeted from its high of .0011 after the recent long-awaited PRs.
T-trades for 75MM on 3/20
A 34MM t-trade on 3/21
114MM in t-trades today
There’s much more, but that should be a good start for now...
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