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He is a scumbag, IMO. But, don't worry Rich will have his day in courts. I suspect the FBI, SEC are already investigating this scam.
Let's see if we have an after hour trade or trades posted for the same nominal amount of 5 million shares. It's possible these two trades for 5 million shares were executed by MM's and will be posted after normal closing. They could also be match or wash trades executed by folks who own a big chunk of the float, via nominee account. To anyone who will question this possibility, show us a counter argument with verifiable evidence.
Anything is possible with this, but most likely, it is going back to trips if fins are lackluster.
Very true and I would add that Rich has not been working on behalf of shareholders. If he were, then why would he -- as it seems, be diluting this to death, and why would he -- as it seems, be involved in "wash" and "match" trades with "nominee" accounts. Opps, just my conjecture!
I agree that selling at such lows -- actually at or, close to the year's low, is not a good decision, but then again, folks have really suffered here. This was touted as the best OTC security in the past few years, and many here duped and convinced hundreds and thousands of newbies/novice investors to jump in with everything they had. Very unfortunate that they are left with not even a few dollars profit, while others continue to tout this as a good investment. After a while, reality hits, and folks have become despondent with ICMB's demise. My sense is that if fins are mediocre or just the run-of-the-mill, it will be final nail in ICNB's coffin, so to speak. For the sake of all the descent folks here, I hope Rich delivers a real robust and positive financial report. But, like many others here, I will take a wait-and-see approach.
Sorry to hear about your loss, but OTC/pinkyland is a very cruel/corrupt and fraudulent system. There is a lot of manipulation going on here involving brokers, the CEO, market makers, "pumpers" and others who are involved in a lot of "wash" and "match" trades, using "nominee accounts." If I were you, I will hold on for another week or two and see how the build-up to the release of fins will evolve. But, then again, everyone must make decisions, based on their own particular interests.
Can't disagree with that, and like I said, the allegation, most likely, will not amount to anything.
Good points, and I agree this might not get the person very far, legally, of course. It could on the other hand, leave a bad taste in patron's and wine aficionado mouths. Some decline in sales could happen, if a photo with the bug inside a bottle of Bellissima goes viral. But, law suit, I don't think will cut the mustard, so to speak. Just my opinion.
That's possible too, but let's wait and see. The proof is in the pudding, as the wiser folks said. I hope you will agree with me, if fins are lackluster with a lot of inexplicable expenses, right?
You are correct in some respects.
I am trying everything in the book to get this thing move upward, so if it means holding my fire for a while, I will -- in the interest of folks who bough in at over .02 and are now, way, way, way down. I feel bad for them, really, man!
Rich is scammer of all scammers! He has a lot of practice playing this game, and many her have fallen for it. So sad! Just look at that 2.8 million shares traded this morning that are posted at buys or sells. That's a red flag that someone or some entity is attempting to hide something. It probably Rich diluting by almost three million shares to line his pockets. I guess he needs more money for his insatiable appetite for fine dining -- and sailing the world in luxury yachts with his women entourage. He caught a lot of people real good here.
If I were a betting man, I will say this will hit .0033 in intra-day trading by Thursday! It hit a year low of .0035 last week and this morning, so I will go for at least two tick marks down by the end of the week.
"imminent" in Rich's cognition and calculus is often several weeks and months in the future. He is a master of forward-looking wizardry.
I did not know we have psychics and fortune tellers here?
Where is the audited fins?
I think this is desperation by Rich. Fins probably will show that he lied to shareholders when he said ICNB had record sales of over $3 million in December.
Who verified it? was it Rich or one of his paid lobbyist?
Don't forget that Rich was not current for some financial periods. He filed late on many and the SEC/FINRA placed a STOP sign on ICNB. We don't know everything about much of Rich's shadowy operations, in the past, and who knows, it's possible that the the SEC will pull the plug on him for some previous misgiving. Again, anything is possible with pinkies, but hopefully, he is honest. Let's hope any audited fins correlates with previous fins and they are up to snuff, legally.
It will get out off pinks, but most likely it will be demoted to grey sheet with a remote possibility that it could be de-listed in three months. Remember anything is possible in life! On the other hand, if the next fins (10K)are very good, and they prove Rich is telling the truth with record sales, then this could have some form of renaissance.
Be careful, man ... Every prediction here by apparently very smart investors, saying this will go up, have failed to materialize. The only predictions proven true are the ones that said it will go down, right? You predict that it will be very successful in three months, I predict that within the next 3 days, this will hit another year low. Let's see who is right?
I would not even dignify that with an answer!
Rich said nothing that shareholders can independently fact check. It was typical kicking the can down the road. How about him providing numbers and contacts that we can call distribution outlets in Canada, New Zealand, Australia and Great Britain to verify his assertions that this is going international. These only exist in the CEO's mind, I guess.
News with no effect and only of benefit to Rich! That so called news was not even worth the proverbial paper it was written on!
Agree, 100 percent! It better be good, or else his pipe dream will be over
That is hilarious, lol
This can't even stay over .0040, and my good friend is talking about .40, well sah! Anyway, to each his own
Well said, and lots of folks are waiting to see what the audited fins will contain. This could move up if they are good, but if it's the same run of the mill, boiler plate regurgitation, then that will be final nail in the coffin, IMHO.
What even happen with your postings, Steelyd3. Man, you kept things in perspective here with real on the ground DD. Longs trusted and appreciated your objectivity.
I know when it's best to make my move. I am very independent, objective and calculated in my decisions. There are too many honest shareholders here who bought in at .02 plus and even .03000 and they deserve to recoup as much of their money. I will wait until this is approaching trips and see if the evidence rises to an infringement of SEC rules/regulations, before moving forward. Hope that answers your query.
Very insightful, my friend. You are right, if sales were so good, then any good CEO would have put out fins already to capitalized on it. Not this CEO, and like you intimated, it's probably because he has something to hide. Let him prove us wrong by releasing the audited fins!
You don't know that either! You are just assuming and taking Rich's word for it.
You are absolutely correct and many fail to recognize all the red flags with this?
Does anyone realize that with this alleged national branding, the pps has fallen from .0339 to .0036? And, with this alleged national branding, there are less folks interested in the security. There is a disconnect here, guys. Rich is taking many to the cleaners!
A national flyer? But, how many stores may actually be carrying the product? Unless, someone gets a verification from the company HQ to say that it is in 4,000 plus, stores, then no one can claim to have the facts, right?
No one, except those of us who have followed Rich for years know how deceptive he is. How do you know what he puts out is factual?
Agreed with your analysis. Nothing Rich says or puts out can be independently fact-checked or verified. He is good at deceiving folks with nice sounding Pr's, but when you dig deep, it's just a lot of fluff and forward-leaning jargon. He has had good practice over the years, and poor souls always fall for his playbook.
You are right, he needs to come clean and kick his addiction to dilute. But, then again, do some research and you will see who were involved in the NY Gambino. You will be pleasantly surprised!
Man, folks are so naive. Rich offers a crumb and he fools so many again. How is he going to up-list and this could hardly stay above .0040. He said nothing that can be verified and independently fact-checked. The fact that the "news" did not have an effect on the pps, tells you what's going to happen when and if audited fins come out. I suspect, investors are going to see a lot of red flags.
Thank you fact-checking it. By the way, Insider Financial is reporting rumblings about ICNB concerning big news that they say is expected this week. They have it on high alert for big moves tomorrow. Hope they are right, and not just another pump and dump, that they (Insider Financial) are known for. But, all things being equal, we all know that ICNB is long over due for a positive reversal of fortunes. May be this is the week!
That is quite possible, and I just saw two stock alerts on ICNB from Insider Financial. They believe this can pop tomorrow with big news expected this week. I hope it happens to turn this around from the free-fall that has gripped it for the past several months.