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LOL - nope - no position with a bearish feeling.
Do not see how he can sell much. The volume had dried up.
At this point if he does r/s still will not be able to sell many. We will see. I think he will just rename and start over. He has made this name bad news.
Rich is a professional stock distributor. No need to file bankruptcy, just issue hundreds of millions of shares until the stock is in trips, then reverse split, issue new shares for cash, rinse - repeat.
When losing millions every year for years. At some point it is bankruptcy and done. Rich can just take name and product to new company.
Nope, not till they turn real positive profit.
Yup, too bad, too. I feel bad for the shareholders that were sucked in…
No reason to buy, yet.
Why has the PPS continuously dropped?
Delinquent SEC Reporting >>> soon will be put on the 15 day countdown clock to the EXPERT MARKET where it can't be traded by most brokers.
https://www.otcmarkets.com/stock/ICNB/disclosure
Grace Period
Securities enter a Grace Period when OTC Markets Group is no longer able to confirm that the issuer’s disclosure is current and publicly available as required under Rule 15c2-11. When a security enters a Grace Period, it can continue to be publicly quoted for 15 days. At the end of the 15-day Grace Period, if the required disclosure is not available, the security will move to the Expert Market for unsolicited quoting only, unless OTC Markets Group determines another exception under Rule 15c2-11 applies, such as the Large Company/ADTV exception.
https://www.otcmarkets.com/glossary#delinquent-sec-reporting
Issuances the last six months appear to be near nil. Why has the PPS continuously dropped?
Common stock
December 31, 2021
Authorized 2,000,000,000 shares
90,542,764 issued and outstanding
December 31, 2022
Authorized 500,000,000 shares
107,276,138 shares issued and outstanding
03/31/23
Authorized 500,000,000 shares
107,596,138 shares issued and outstanding
09/29/2023
Authorized 500,000,000 shares
107,936,138 shares issued and outstanding
Having c b is great, do they still have her
Management come up with a new product, services, that makes money
Yep, going sub-penny now as massive dilution kicks in.
Any unpaid taxes are bad. In a bankruptcy. They go to first ones to be paid if any funds. Rich has ran this company into the ground. He made his money shareholders got screwed.
you right, likely unpaid payroll taxes
Could be payroll taxes. Why Rich has company acquire one losing millions was bad move. All he did was increase losses to be paid for by millions. We see what happen to stock price since.
Just keeps getting better. No problem though, he’ll just issue shares to cover it.
Why toppop owe IRS $567k ? They never made any profit. Filing in bankruptcy court today
Motion to Object/Reclassify/Reduce/Expunge Claims: Claim Number(s): 30-1 Internal Revenue Service - $567,493.62.
Maybe cb enters new industries
Management is making us unhappy
Dumb comment! The only sales happening is all the dilution from Richie boy
They are far from a profit as losses show on 10K. Rich has just done terrible job. This should grown and been profitable by now. Buying Pop top was huge mistake. All it did was increase losses and we see what happen to stock price.
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.
Terrible what happened here
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.
Maybe Cb has a new venture and rolls it in
Wrong and market price now is overvalued. When losses are increasing by millions since acquisition. When company is never close to making money instead of growing losses. Too many years of this. Wait and see. Unless they file 10K showing losses decreased by millions. Sub penny is inevitable. As they run out of money.
Interesting point
Continuing HUGE LOSSES paid for by shareholders with HUGE DILUTION = over valued. Sub penny coming.
Anyone ever appraised Bellissima LLC ?
Market Cap = $1,807,930 on sales of $14.7M in 2022
#Undervalued
Pop losses we took on shows not enough people are buying. All Rich did was add more losses by acquiring them.
CB gets a portion of all Bellissiama bottles sold.
She has no interest in TopPop.
Pursuant to the license agreement and Amendment No. 1 to the license agreement effective September 30, 2017 with the Bellissima Licensor (see Note 11a. above), Bellissima is obligated to pay the Bellissima Licensor a Royalty Fee equal to 10% of monthly gross sales (12.5% for sales in excess of defined Case Break Points) of Bellissima Brand products payable monthly.
Agree but Rich want @christiebrinkley to pay for debt of toppop? I don’t think so, she sue
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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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