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ISBG Buyback image

International Spirit & Beverage Group, Inc. Buyback

OLI recorded this information on 7/26/2016

Company: International Spirit & Beverage Group, Inc.
Buyback: ISBG buyback
Share Amount Authorized: 3,000,000,000
Buyback Details: International Spirit & Beverage Group, Inc. (OTC:ISBG) has announced that the company's Board of Directors have begun buying stock in the open market to reduce the company's common stock float. The company expects to announce the amount of shares bought in open market next week. The board of Directors that have bought shares will file the necessary forms with the SEC to validate the shares bought in the market to comply with the SEC. The plan is to pull the shares from the float into certificate form thus reducing the amount of shares in the Depository Trust. The company Board of Directors as part of the restrictive covenant agreement agreed to increase the authorized shares of the company to three billion shares to pay restrictive dividends owed to DKTS. The purpose of the increased authorization is part of the restrictive covenant agreement that will be used for the purpose of acquisitions, restricted dividends owed or for management services. The goal of the company still remains to reduce the amount of the shares in the actual float dramatically through stock buyback programs and insider buying.

ISBG — Key Stats (just posted)
Stock buyback:  ISBG buyback
  International Spirit & Beverage Group, Inc. : trading symbol ISBG
 

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April 25, 2024  •  12:57 PM Eastern
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