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That is odd. Was this BK chapter 7 or 11? Was it for just some subsidiary of Iconic Brands?
Just trying to see how this could be.
Well, that’s the end of that.
And they have failed to do so for 18 years now…great investment!
Yes, if chapter 11, RS will follow and the same dance until it tanks again. Richie must finance his lifestyle as he has since 2005.
If they go chapter 7 BK, any money invested will be worth 0. Just a warning.
Only got Publix because of 2 for 1 sale for the last week of 2017. So yes, too high. I visited a Publix a year later and Bellissima bottles were moved to bottom shelf and all dusty.
Either way, it’s 👀ing to be finished. Too bad.
Hard to see any positive in this stock after 18 years of disappointments and 2 RSs. Next step is another RS or BK. Neither option is good for shareholders. That’s why the volume and the price are so low.
I guess today’s share volume at 972 shares at $.0067 or $6.51 isn’t enough to help.
Always happens that way. He’ll announce some new product, RS (#3) and start over yet again. We’ll see.
My prediction is still no BK. This RS cycle goes on and on. Can always find buyers with a low enough price.
Will probably opt to RS again over BK. I doubt CEO wants to give up his salary and lifestyle by BKing his sweet deal.
$.006 Bid. Pretty pitiful
Nope, not till they turn real positive profit.
Yup, too bad, too. I feel bad for the shareholders that were sucked in…
Issuances the last six months appear to be near nil. Why has the PPS continuously dropped?
Just keeps getting better. No problem though, he’ll just issue shares to cover it.
Sustained sub penny inevitable and near imminent. Such a shame. 18 years (and 2 RSs so far) and no end to downtrend in sight.
Will it ever turn profitable is unknown, but I recommend staying out until it does show sustained qtrly profits.
Pretty much sums it up. They’ve been losing money for 18 years now. Their grace period is way beyond the 3-5 years most companies turn to profitability. After 18 years and 1 R/Ss, shareholders and future investors wise up. I’ve never said that ICNB is a scam that produces nothing, but they have a bad history of screwing shareholders and only maintaining the lifestyles of mgmt.
My advice to future investors is to simply wait to buy in until dilution stops and profitability shows consistent growth. Current trend is subpenny on the way to $.0001 or another RS reset and more of the same for years. This stock even stinks for traders. Just my opinion and advice.
No trades since last Thursday. What a great stock! Well, great for anyone wanting to be a stuckholder, anyway.
I wonder how many times I’ve seen this question since the last RS started at $.6625? LoL
Subpenny right on schedule. Predicted sub this week.
Only down 26% so far today at 2:53pm edt. What a winner for investors.
I see 0 trades today. Folks just dying to get in.
Not surprised
No need to go bankrupt as long as he keeps selling shares and RS’s keep him in business. He’s been doing it for about 18 years (since 2005). He can keep doing it for 18 more as long as suckers will keep showing up and buying.
Just checking in. $.0109!!! Wow. Subpenny is imminent!
Looking likely
Hard to argue with that
Just checking in. I see stock has hit the 1s. Subpenny within the next 3 months is my prediction.
I’ve provided plenty of negative here, so just appreciating that positive also exists, but in your prognosis, odds are, you’re right. In one more year, ICNB will have been around for 20 years and all investors have received are losses. That’s why I keep suggesting new potential investors to hold off buying until the company starts making money and stops diluting.
Nice recap of positive things
What exactly is the truth other than what filings has been revealing since 2005? Are you saying they are making money or improving in that direction. Please provide some proof of numbers are improving and remember that revenue is only one number. Gains/Losses are the other. Show how revenue is improving faster than losses are increasing.
Show how OS has remained stable or that losses are decreasing faster than OS is increasing. Post RS on Jan 18, 2019, the OS converted to 5.6M (AS was reduced to 200M). What was revenue then? What were losses then? OS is about 107M now. What is AS now? 500M? Why the increase, if so?
My point here is if you are so positive about this investment, provide some facts that matter to investors, not just we have PopTop now or here’s another Celebrity tasting.
I’m trying to help you here. Share counts, revenue increases, and profit increases faster than revenue and OS increases. That’s all investors care about.
They need to start a trend toward positive earnings, something that seems to to eluded them since 2005. But never know…
New company name coming. TopPop Innovative Brands
Can’t resist…up 25% on 2 shares. What a volume explosion. Everybody wants in. Rant over.
All of which contribute to the sum of them…increasing shareholder value. They are all necessary to achieve it.
Congratulations ICNB Mgmt! Stock hit $.03 today and closed at $.06. Great stock.
It’s a well known and expected fiduciary duty of a CEO of any public company to care. Adding shareholder value has always been a staple. It’s understandable that a startup company won’t see profitability for 3 to 5 years, but this one has been uncaring about shareholder value since 2005. That’s 17 years with very little hope offered by the 2022 financials.