History
A Philippines mineral-claim shell bought into a Mexican miner, then a British Columbia restaurant, and by 2017 had unwound the restaurant and turned to health monitoring equipment.
2013-2014: From shell to Mexican mining
The company was incorporated in Nevada in June 2010 as Monarchy Resources to develop mineral claims, starting with the La Carlota Gold Claim in the Philippines, bought for $5,000. In May 2013 it changed direction, signing a deal to acquire 28% of New World Metals, a mining operator in Chihuahua, Mexico, by issuing 10,000,000 shares at a deemed $1.00 each, or $10,000,000. The deal completed effective June 17, 2013. The filing said New World owned two mines producing 200 tons of ore a day, and that management forecast 2,000-2,500 ounces of gold and 350,000-400,000 ounces of silver in 2013. That was a forecast, not a result.
In July 2013 the company agreed to buy a further 17% for $750,000 plus 5,000,000 shares, taking its stake to 45% and entitling it to a share of profits paid quarterly. In January 2014 it settled the $750,000 promissory note with 20,000,000 restricted shares, putting 66,140,000 shares on issue. Shareholders were diluted at each step, since the company paid mainly in new shares.
2014-2017: Restaurants, then a retreat
In October 2014 the board resolved to buy The Spud Shack Fry Company Ltd., a British Columbia restaurant business, for a deemed $900,000 in shares. The first report said 90,000,000 shares at $0.01. An amended report in April 2015 said 30,000,000 shares at $0.03. It also said a 1-for-3 reverse split and a name change to Monarchy Ventures took effect November 24, 2014. Spud Shack had a stockholders' deficit of $309,171 at June 30, 2014, with going-concern doubt. The filings conflict on several share terms, and the status of the New World stake after 2014 was never disclosed. The record is then quiet until 2017.
On June 9, 2017, the company, now called I-Wellness Marketing Group, returned Spud Shack to its former shareholders and got back 90,000,000 of its shares for cancellation. The filing said British Columbia liquor regulators would otherwise have required background checks on every shareholder. As of June 13, 2017, the company said it was marketing health and wellness monitoring equipment, though details of that business were not given. It owed CEO Timothy Ferguson $51,591.66, due June 15, 2017. The share count after the cancellation was not stated.
Written from the 7 story beats below (2013 to 13 June 2017), which come from the company's own announcements and filings.