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Slideshow Stock Buybacks

By The Online Investor Staff, updated Thu., Jul. 28, 8:26 AM

Slide #3. International Spirit & Beverage Group, Inc.

Company: International Spirit & Beverage Group, Inc. (ISBG)
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.

Stock buyback:  ISBG buyback
  International Spirit & Beverage Group, Inc. : trading symbol ISBG
 

Open the ISBG Page at The Online Investor (in a new window) »

July 28, 2016    8:26 AM Eastern
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