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I'm merely trying to get clarification of your statement that the audited financials "show over $3m in revenue" (rather than "will show").
Apparently, Rich's "tell one, tell all" mantra is no longer operable.
Just to be clear here, you've seen the audited financials?
Tier change to Grey Market as of today: https://www.otcmarkets.com/stock/PDXP/overview
I'm having trouble locating that, so I will take your word for it.
I'm confused. How does "Not a Penny Stock" jibe with that?
https://www.otcmarkets.com/corporate-services/get-started/otcqx-international
If someone hadn't dropped a ten-spot on a Paulie Q&A post, an IRP would be lapping the field. Quelle surprise.
Given that Rich predicted the same thing on 12/20, I think you might have something there.
"Did you know that Nikola was POTUS'S uncle" No, he wasn't.
If so, that simply reinforces my point. Why gild the lily?
AND!! He's a fake admiral in a non-existent navy. That's my point. If you've spent your life building such a resume, why resort to such foolishness as "The Hon., Lord Admiral Dr. Thomas A. Cellucci"? It's unseemly at best.
Yeah, I've picked up on that.
Of all the braggadocio tweeted out of the BYTK twitter account, the title "The Hon., Lord Admiral Dr. Thomas A. Cellucci" might well be the low point. If a complete schmuck nobody wants to trumpet that he is a pretend admiral in a non-existent navy, fine and dandy, go right ahead and enjoy the make-believe. But it is unbefitting a man of some real world accomplishments to do so. (And in this case "Hon." stands for honorary, not honorable. It is the designation given to non-native Texans.)
It would leave 10 million shares. For reference, the O/S on 6/30/16 was 1,954,596.
Glad you liked it. I thought the Brut was pretty bad and the Zero Sugar a little better. I haven't summoned the courage to try the Rose.
Pennywiserr did touch on something with which I agree. I think that 187 mini/splits, either individual or 4-packs, could have a much bigger impact on sales than 375 ml half bottles. I'm surprised that Rich is going the other way.
And to repeat the great caveat: that 49% of Bellissima will come with a cost, maybe a manageable one, maybe a backbreaking one. We shall see.
I can see the headline now:
Oh, my. In the good old days, there would have been at least five misrepresentatiions of the Bacardi-Patron deal posted by now.
Okay, understood. Any info you find out would be appreciated.
Do tell. Sick? Incarcerated? Insane?
It has been a mere 14 business days since the fourth quarter ended. No one could reasonably expect this company to produce audited financials in that time. Last year's annual report was published on April 17.
What we might get is some guidance. Last year, Rich issued a p.r. with Q4 case sales on January 4. Perhaps he will inform shareholders of Q4/2017 case sales in the days or weeks ahead. That would be a great bit of info to have.
If you owned eight percent of Bellissima LLC and had an option to acquire seven percent more, what would be your price for your ownership? I think that "free" is out of the question. Ditto for "cheap." Rich owns some of that 49%. I assume that Faltings does also. Friday Night has that 8-15%. Is there anyone else? We don't know.
Many longs seem to believe that the day 100% ownership is announced (assuming that day will eventually dawn) will be a day of celebration as the stock price soars. They might want to brace themselves.
Sizzurp? Oh, for crying out loud. It was a joke.
Are you suggesting that BiVi Vodka, the finest Sicilian vodka distilled only on nights when the moon is just right, is a "past product?"
Wow. Just think, 100% of BiVi. That could easily add a buck, maybe two to our bottom line. And we want total ownership of Sizzurp too!!!!
This looks a lot like an audited annual filing for the fiscal year ending 12/31/12 to me.
https://www.sec.gov/Archives/edgar/data/1350073/000147793213002636/icnb_10k.htm
That's true but 99% of 2016 revenues were realized during an eight week period at the end of Q4 (and Qs 2&3 had no revenues at all). You'd think that even a one man audit shop could knock that out in a week or two.
I was not around, but there is anecdotal information that Rich has been promising audits for years, yet the most recent audited financials are for the year ending 12/31/12 (assets=0, revenues=0). If so, I think that some of the skepticism is understandable.
I expect the annual report for the 2017 fiscal year to be audited and the numbers to be (roughly?) in line with Rich's projections and pronouncements. If they're not, the cries of "Foul!" will increase in volume. And I will likely join in them.
Nope. How would they have completed the audit before the fiscal year end?
Quite frankly, Friday Night (TGIFF) speaks out both sides of its corporate mouth. In a mid-September p.r. to its shareholders, it trumpets its minority ownership in Bellissima, stating "The brand is estimated to surpass a benchmark of 100k cases this year and Bellissima Prosecco is projecting revenue for the 4th quarter to significantly surpass the first 3 quarters combined."
Then in an interim financial report filed on 12/20/17 (for the period ending 10/31/17) it values that very same minority ownership at nil. My guess is that the reason is the first possibility listed, "Cash flows generated by the Company from these investments is $nil to date."
The nil valuation is most likely for legal/tax purposes, nothing more. If ICNB does reacquire the 8-15% that Friday Night claims to hold, I guarantee you that they will not value it at nil. I think that ICNB will have to pay a pretty penny (or the share equivalent thereof) for every percent of the 49% of Bellissima not currently owned, Fiday Night's shares included.
Or maybe it's the one year ownership anniversary for a "true long" who decided that neither true nor long is what he should be right now.
Classic. Should be stickied: #msg-137492494
Interesting. Thanks.
I don't discount the very real possibility that Rich is selling to Southern Glazer's at the "normal" price, Southern Glazer's is selling to Publix at its standard markup, and Publix is using Bellissima as a loss leader. That's commonplace. But I am curious about it.
I would love to know what Southern Glazer's paid per case for the Publix twofer promotion.
This is worth a look: http://bevilacquapllc.com/crowd-counselor/
So that agreement took place about eight months after the Bellissima Spirits/Christie Brinkley Inc deal and about five months before the Bellissima Spirits/ICNB deal. I wish we had more information on "0034 BC." I cannot fathom the connection.
Bellissima and BiVi, not ICNB. I don't say it. Friday Night Inc does. Here is the filing, page 17, paragraph three: https://www.otcmarkets.com/financialReportViewer?symbol=TGIFF&id=183824
Do we know for a fact that Richard DeCicco owns the remaining 49 percent of Bellissima Spirits, LLC? I have not been able to determine that.
We know that "On December 13, 2016, Iconic entered into a Securities Purchase Agreement with Bellissima Spirits LLC" and that "Prior to December 13, 2016, Bellissima was controlled by Richard DeCicco, the controlling shareholder, president, CEO and Director of Iconic." But do DeCicco and Faltings now own the remaining 49%? Did they ever?
Friday Night Inc. (TGIFF) claims to own eight percent of both Bellissima and BiVi (with options to purchase up to 15 percent of both), but I have never seen this addressed in an ICNB p.r. or filing.
And how about CB? Does she own any shares of Bellissima or ICNB? If she does, one would think that DeCicco would have trumpeted that for all to hear.
It all seems needlessly clandestine. Tell us who owns what for crying out loud.
You are referring to the CB Wanker Club. Yep, they're easily spotted.