Aug. 18 at 3:19 PM
$IBG Grabbed another 7250 @ $.568 -$.576. Here’s what I foresee:
1) they file the extension for listing approval one week from today and it gets approved within 48 hours;
2) sometime between now and then, they release an overdue press release that they are 1 of 3 companies worldwide that won awards at both the LA Int’l Spirits Competition in May and Tales of the Cocktails in August. Others being Diageo and Becle- industry monsters.
3) additionally they release a new marketing campaign addressing the new presence in the UK and their adding distributorships in the US that will double their capacity
4) earnings due end of September - no data prior
5) potential new CEO to be named - though likely after calendar turns
6) could be added new investors and/or deeper holdings by Sam Zelle’s Family Trust.
Remember, any takeover will be considered as per Sahil, and not for less <
$3.
Bottom line, risk/reward here is actually absurd. If you haven’t take a starter yet, this is literally a gift.
