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What I find funny is I compare this stock to other stocks out there in the pinks and here are the facts:
1. This stock actually has products.
2. This stock actually has revenues.
3. This stock has wide distribution base and growing.
4. This stock has a famous spokesperson leading the marketing.
5. This stock trades like it has none of these currently at .007.
Compare this to a pink stock BLTA which is an airlines company with no plane, no revenue, no business plans what so ever and almost 10 Billion OS and it still trades almost as high as this POS. This is what frustrates me. A company with no business has a higher valuation then a business that has three great products, 45 state distribution, and now international. WTF is seriously going on here?
There was absolutely nothing. That's why I'm baffled as well.
While I agree with this I don't at the same time. If he's just taking investors money for himself, why would he not want this stock price to sore and line his pockets even more? Makes no sense to me that he'd drive the stock prices down to the trips. You have to sell 5X as many shares as you would if you got the share prices into pennies like .03-.05 range which it probably should be trading in. There is something not right with this stock, there is something going on behind the scenes that we do not know and that isn't good for investors. As of today I'm down over 50% and I'm not happy. I want to buy more at these prices as I still believe in the product but when is the bottom the bottom? I can't even understand how it dropped this low in the past month and over 25-30% in one day on no news what so ever.
What I'd like to know is who the heck is bailing out at these prices? Insane.
How has any news or anything actually helped this stock to date yet? Answer: It hasn't.
Ohhh Canada will push us up! Nope, crashing down.
Uplist will help us: Nope, can't hold a penny...can't do it now.
Target will get us up there: Nope, crashing down.
Added 3-4 more states. Nope, still crashing down.
Updated CB's contract to keep her on board until brand is sold. No help.
There hasn't been one PR that I've seen that has caused a positive action for this stock. It's pathetic.
CDEL at the top of the SELLING list again...shocker. Sell those cheapies!
Well..it's in Kokomo Indiana...what do you expect? City which probably is poor and barely enough people to even promote any kind of new product.
While that all sounds great...you don't own a 100% stake in anything. The share structure is messed up..which is a good reason why this stock trades like it does. Even if we get bought out investors only get 25% of whats left which isn't fair imo.
Ok smarty pants what are your predictions since you are so confident?
Opinion? Irs fact at this point. Has been steadily dropping for months from its 52 week high.
Here's the email:
https://www.flickr.com/photos/157700135@N05/shares/bTtVk9" rel="nofollow" target="_blank" >https://www.flickr.com/photos/157700135@N05/shares/bTtVk9
My thoughts exactly. Just because that email address exists, doesn't mean it's actually him. Could be an impostor for all we know.
What I posted was word for word what I asked and what he responded. I had more questions but when I sent that off i didnt even expect a response.
Where do people host there images, i'll post it.
Pretty big wall to get back to .01 ...someone please knock out that 400,000 at .0088
Copied and pasted directly from the email response word for word.
He doesn't "have the capital" to buy any shares? BS - he's making $200,000+ a year. So he's telling me he can't afford to buy any stock himself with his own money shows how little he cares about the shares and price.
So I just got a response...and everything is pretty much just vague and dodging my questions..here's the email (his responses in bold):
Hello Jason,
Good morning
Thanks for your note and I am happy to provide you with the answers to your questions.
Hello Rich – I know you have probably getting some heat with the stock price lately. I have some questions hopefully you can answer.
What is the plan for having your shareholders get return on investment?
The plan is as it always has been to build the brand(s) and business.
The price is now below .01 – how do you plan on bringing that up and when do you plan on filing for an uplist?
The stock trades naturally, I can not do anything other than build a solid business and brand. As reported in the PR we have begun the process with our legal and auditors.
Have you considered buying more shares of your company to give investors confidence that you are “all in” with ICNB?
We have no capital allocated for a buy back and to be perfectly honest with you it would not be a premise for a penny stock and early stage company.,
The share OS has obviously been diluted the past few months ..now up to 917 Million. What has the dilution been used for? Shipping and overhead costs? Salaries?
The Dilution has been fully disclosed, as all other costs and accruals.
I’m a shareholder and I love the products, I just have concerns that the shareholders are footing the bills for operations that are not being disclosed.
The Company will be raising capital to grow the brand and the value will ultimately be determined by the success of the brand(s).
Jason,
Thanks again for being a shareholder and I appreciate the communication.
Regards,
Rich
Well said!
Just emailed it, we'll see if he responds to my questions.
From what email address?
I honestly don't believe he replies to anyone on here.
Probably avoid it, I haven't ever gotten a response from them yet.
I just emailed info@iconicbrandsusa.com the following:
Hello Rich – I know you have probably getting some heat with the stock price lately. I have some questions hopefully you can answer.
What is the plan for having your shareholders get return on investment?
The price is now below .01 – how do you plan on bringing that up and when do you plan on filing for an uplist?
Have you considered buying more shares of your company to give investors confidence that you are “all in” with ICNB?
The share OS has obviously been diluted the past few months ..now up to 917 Million. What has the dilution been used for? Shipping and overhead costs? Salaries?
I’m a shareholder and I love the products, I just have concerns that the shareholders are footing the bills for operations that are not being disclosed.
Thanks for taking the time,
Which picture or posts? I looked last night and didn't see anything really. I saw maybe 1-2 comments about ICNB and that was it. No back and forth or anything.
Pretty much! She'd have to sell though i think..the brand is still ours.
Well icnb is a joke...she needs too know
Did she take it down? What did it say?
What happened too it..and what exactly was it
Where...I.just checked he Instagramand didn't see much
Join the club!
Why are there always so many low ball bid sitters with this stock?
Probably can, you'd probably change ICNB into a holdings company instead.
I know it, no point in selling. I still believe in the actual product and that it is selling. To me they are doing everything right so there's no reason to bail.
Well i'm down $1,700+ at the moment...not very happy about it.
I agree, he is not a good CEO at ALL. I've been trying to hold out to get out of the red and just dump this because I can't trust anything he says.
Just because he has that licensed as an active business means nothing. I myself have an active LLC but don't have customers as it's more of hobby. Doesn't mean squat.
https://www.bizapedia.com/people/richard-decicco.html
Look at the list...there's tons of business registered to him. Not saying it's not a scam, but unlike other scams in the pinks..I have actual bought and tried the product we have here. Saying...
Slow pace at Target? It's one store in a dumpy city. Didn't' they restock after like a week and then start carrying every flavor?
Didn't really see this happening this soon and for what reason? I see none. Dilution...ok...but even if he maxed it out to 1.5 Billion right now..it's not like the valuation is super undervalued. Market cap of 7 million? Can anyone honestly tell me right now today that Bellisima would sell for less than 7 million? I doubt it. It's in its infancy and i still believe it could be worth over 10 million.
But that would show he actually gives a crap about his fellow shareholders....