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Agree but Rich want @christiebrinkley to pay for debt of toppop? I don’t think so, she sue
That is what I thought now for years. He can manipulate this as he wants. They make money shareholders get hosed.
Truth.
#FakeNews says otherwise
Ok but Rich’s distribution center is now not separate anymore. Owned by icnb . Happened when toptit acquired
Yep, he takes his cut, and gives Christie her cut, and whomever else gets a cut, then the shareholders take the losses. Always have, and always will, as long as the company has this structure of running everything through Rich's distribution center. LMAO at anyone that thinks differently.
Have you not figured out after years what Rich is doing? He has his United Distributor he controls make the money. He can charge ICNB whatever he wants to make that happen. He screwes over shareholders and always has.
interesting. What insiders held shares ?
Optimally, I'd like to see...
1 - debt reorganized & manageable
2a - new leader/CEO
2b - must also be competent in cleaning up the costly & unacceptable production line issues.
3 - $$ funding
ICNB stated in their 10-Q (1st quarter) that they have about 90 days of cash.
We could also see the sale/disposition of TopPop?
Highly unlikely, but sale of Bellissima?
Merger/buyout with a bigger fish, if no funding?
I'm expecting just about anything.
A big part of this is that management/insiders hold A LOT of the outstanding shares.
Their self-preservation is to our benefit.
An 8-k or 10-q (for 2nd quarter) should be illuminating.
Chapter 11 is slow as a snail.
Whatcha expecting there Fro?
Keeping an eye out for filings, especially the 8-k kind.
where else do u get organic, zero sugar vegan, cheap and Delicious. Bellissima is the best, just sayin
Who was that?
ICNB big-time investor guy (who constantly bashes DJT on SM).
No trades since last Thursday. What a great stock! Well, great for anyone wanting to be a stuckholder, anyway.
Utter failure! This is what happens when you put a extreme-lib (hating DJT) as your spokeswoman as well as that ICNB big-time investor guy (who constantly bashes DJT on SM).
No one will care!
Nobody will support you.
Sub penny looks imminent. Looks like some of the stuckholders here are going to panic. Yeah this thing is finally toast. An RS looks like the next move. But of course that’s just speculation. I’m curious what excuse they’ll come up with this time.
More like poor management and poor marketing. It had a chance at target and some other big box retailers in the past.
They got their wines in stores when launched years ago I think 2017. Why re-orders did not come in and places like Publix stopped selling it. Overpriced and did not sell well enough. If her wine is higher price IMO will see same.
Why Cameron Diaz Avaline wine get into Target, whole Foods etc immediately after launch? Not good wine, Bellisima tastes so much better. And Avaline more expensive. Political Bs
Rich already rolled in another business that increased losses by millions. lt was a stupid move to buy company losing millions. To increase losses on top of what they were already losing. As share price now shows.
Maybe they roll n another business
unsure of Sec rule about quarterly reports . Subsidiary is in bankruptcy but the parent company is not. Subsidiary must file monthly operating reports in court. Toppop only for court filings. Would be nice of them to inform shareholders but wth @christiebrinkley should sell her valuable brand to a big company
Recent wine sales anyone, can’t bother to call
Just a real company where sales did not happen well with the alcoholic products
Share selling scheme for years - nothing's changed.
None of that matters. Not when they keep growing losses in the millions. With no end in site that is why stock tanked and will go subpenny. No end in sight to losses makes that inevitable.
Gross margin is great, huge speculating jmo, no
So much sales and terrible bottom line
No NT 10Q filed? Talk about deliberate alienation of shareholders. @christybrinkley sell your brand
Hey, I just scored some real champagne for $32 per bottle. Why would I pay the equivalent of $25 per bottle for mass-market prosecco?
LOL! There is always a new low.
One day someone sells and the next day it soars
Shareholders post on price predictions
Up yesterday, trading chart amazing, hard to tell buy or don’t buy
When he leads company this long and grows losses. With no end in sight. That is only way they can pay for the losses. As we see shareholders are ones screwed he still gets his money. After the past r/s I said if losses do not stop we end up like this. This is going sub penny as hey have to keep selling shares. Also he did r/s before and could again.
Rich is diluting the fk out of this, he's a very disturbed individual, put the cheeseburgers down and seek help!
I remember that. People were trying to make r/s a positive. It did spike soon after for short time but as they all do in otc down it went. To bad since then Rich has lead company to even worse losses. The acquisition was bad since bought company losing money. All it did was make losses worse. They have no money to change that. He has been terrible for shareholders.
I wonder how many times I’ve seen this question since the last RS started at $.6625? LoL
Opened higher, could this be the bottom
Subpenny right on schedule. Predicted sub this week.
Does icnb care if they’re due? Fines paid for late filings is reason they had to borrow the $600k
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"On June 28, 2023, the Company filed a voluntary petition for its subsidiary, TopPop, under Chapter 11, Subchapter V of the bankruptcy code in the Eastern District of New York, Case No. 23-72310. (note: you can stay up to date with all the latest court filings, etc. from the court above). TopPop intends to continue its operations as a debtor in possession while it reorganizes its debts. The bankruptcy filing constitutes an event of default under all of the Company’s outstanding debt obligations. There were no other contract violations and the other wholly owned subsidiaries will continue operations as usual."
Free sites/links to the latest filings.
Go to the court website directly if you want to pay to read them.
TopPop LLC (Case number: 8:23-bk-72310)
1. https://www.pacermonitor.com/public/case/49390403/TopPop_LLC
2. https://www.inforuptcy.com/browse-filings/new-york-eastern-bankruptcy-court/8:23-bk-72310/bankruptcy-case-toppop-llc
ICNB (Case number: 8:23-bk-73829)
1. https://www.pacermonitor.com/public/case/50971671/Iconic_Brands,_Inc
2. https://www.inforuptcy.com/browse-filings/new-york-eastern-bankruptcy-court/8:23-bk-73829/bankruptcy-case-iconic-brands-inc
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