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audited reports are only required annually and the audit is expected to be conducted end of Q2/ early Q3
who developed Bellissima?
I have regular communications with Rich and IR, not sure why they don't reply to you.
Those shares were issued to cover old debts to fund the initial product development. Not a great deal, but a deal Rich had to make because he had no other sources of financing available to him at the time to get this off the ground. Again, do you think he can just walk into a bank and say "hey bank give me $1 million, so I can give this thing another shot!?!" lol doesnt work that way my friend...Rich had a history of flops and he had to pay for it far BEFORE he knew if Bellissima would be a hit or not...that's the way the world works, but there's no way you can convince me he could've struck a better deal with his history of flops, lack of a balance sheet and no revenues from other products.
you my friend should not be investing in penny stocks
and how exactly does he do that before he can actually PROVE the product is selling without issuing "fluffy" PR's...do you require a dinner date with him?
you may be right, but frankly none of this has been answered yet positively or negatively...the passage of time alone will prove who is right and who is wrong, but to continue smearing the board with what happened 5 years ago is nonsense
brojazzy the total $ volume of this dump is small...each day approx. $175k and today we are only at about $70k...as quickly as this moved down it will move back up...I firmly believe that...from .01 this is an easy 50-75% return within a few weeks. Most people are bid sitting and accumulating because frankly there's no rush to buy right now...within the coming weeks these prices will return nice gains
who cares...none of those brands EVER reported the kind of sales or rollout we've witnessed in a short period of time here with Bellissima
$600k in 14 weeks is hardly trash lol...especially considering we have one sales guy...PLUS stocks are forward looking, what will Q2 & Q3 look like??
Some big announcements are coming up soon.
because it's not imported by Iconic Brands...its imported by United Imports
many successful people have far more failures than they do achievements...this is not out of the norm, what separates them from the rest of us is they're not afraid to step to the plate and start swinging
dont lose sight of the total $ volume traded...volume has picked up, but that's because price has decreased...theres still very minimal $'s being traded here...last 2 days was less than $200k each day...average trading day during the slow months has been about $150k...no big sell offs here...average trading $ volume during January was close to $1 mil per day...watch when the money returns
there's still a lot of interest here, but people arent in a rush to buy YET...most people are waiting for sub penny to .01 before the summer kicks off here
Bellissima on Access Hollywood raised brand awareness...brand awareness increases sales....sales are reported every quarter for your review
LD Micro Event and many other investor events coming soon...this will bridge that GAP you speak of...how many companies advertise their ticker symbol on their product?
steady accumulation around .01...news with no leaks will create some ask slapping
youre not kidding...placed an order of 200k share under .01
one major retail deal will change the game here considerably
people cant forget...RIGHT NOW Rich is a one man sales team...presumably once the distribution is in place he can go to a more traditional lender to obtain more reasonable financing terms...
I am long, but I am not a pumper by any means...I've had many many email communications with Rich directly over the course of the last few months and I believe in his integrity and I believe in his product...some things have occurred unfavorably in terms of the share structure, but it wasnt done so because Rich is getting "rich" from it...he had a gun to his head and he did what he could considering the circumstances to try and lessen the blow as much possible.
organic growth...slow down the rollout...you dont buy more product until distributors pay their invoices, likely net 30 days...in my opinion this is what has happened here...it takes longer to grow, however, the best source of financing for the company right now is cash from operations
Rich should go to CB and get a $500k line if she's truly his partner and not just a royalty collector
Yup and Rich presumably is paying for product before he collects on his receivables from distributors, hence why he's rolling this out slower than he probably could otherwise if he had good financing terms available to him...financing the rollout is his biggest hurdle right now
Supply isn't the issue...cash is...
persons...a lot of PMing going on behind the scenes....
Its definitely happening in my opinion...say for example said person has 4 million shares and daily volume at times was less than this...this person can sell 2 million shares into the bid, spread fear, others follow suit, ultimately driving price down 15%-30% where they then sit with their bids to accumulate more and repeat this process making 40%-60% each times
Bullish and bearish divergences are where it starts getting interesting. A bullish divergence forms when price moves to new lows, but the Accumulation Distribution Line does not confirm these lows and moves higher. A rising Accumulation Distribution Line shows, well, accumulation. Think of this as basically stealth buying pressure. Based on the theory that volume precedes price, chartists should be on alert for a bullish reversal on the price chart.
MM's will keep it low....months, half a year, a year...when theres no volume the price is theirs to move at their discretion. Impatient people will move on from the stock selling at a loss only to see 6 to 9 months from the MM's finally let the price breathe
all the negatives are out of the way; so many catalysts forthcoming. Add to this list for the ones i've missed
Corporate updates & possible national chain announcement - any day
International expansion - any day
Eat Drink Vegan (9,000 people attended in 2016) May 27th
LD Micro Investors Conference June 6th/7th
Hamptons St Barth Gala July 22nd
Q2 Earnings Report August 15th
Retention of audit Firm (audited Fins) August/September
Uplist out of PINKs November/December
Other mid size grocer/wine liquor chain announcements ALL YEAR
Jimmy G1 if you're a technical guy check out the weekly chart; the price has settles quite well after a very substantial run from .0002...the volume for the past 90 days has been pitiful, noone is selling and buyers will reemerge....watch
About an $80k cash operating loss and $40k investment in additional inventory for Q1...$40k in additional inventory translates to about $100k in sales, which I believe likely occurred in the first couple weeks of Q2
I'm not going to sit here and say it's a non-issue, but I believe it's a relatively minor issue in the grand scheme of things and what is to come this summer and into the fall
since we know it already, dont you think it's already built into the current price?? just a thought...there will be many positive PR's forthcoming that will help propel this higher
ETRF not showing their hand either on the bid side
first distribution, then retail, then promote promote promote...its coming folks
TD Micro event is going to be the START for raising investor awareness...big things coming up as far as corporate governance goes and many promotional events for CB in the second half of 2017...those who can wait will undoubtedly be rewarded from here
the fact they agreed to restrictions on their ability to sell those 613 million shares & the fact that debt is now gone is what has kept this afloat...they have an exercise price of .0018 and they cant dump them all into the market, must mean they believe in what's taking place, otherwise they'd never agree to any restrictions let alone only being allowed to sell 10% of the daily volume
Gerard's update!! Looks like they'll be getting ready to place another order
Brut - 61 bottles
Rose - 6 bottles
Zero - 35 bottles
this was from last year...eat drink vegan coming up this weekend!! Erewhon will be serving Bellissima to 10,000+ people at the Rose Bowl in sunny California!!
Nearly 9,000 folks attended the first Eat Drink Vegan festival on Saturday, and let me tell you, it was a smashing success!
I dont disagree, plus Cali came on board early May and we should start seeing some reoorders from distributors in the States included in the Phase I rollout
I'd expect to see 30%-40%+ growth rate increases from here on out for the rest of 2017...quarter over quarter
what if they delayed shipment from the last 2 weeks of December to early January and we saw $600k in sales for Q1, not a very wise business decision, but the fins would've looked much better...everyone would be going nuts...in the initial stages of a rollout quarters cannot be looked at individually, rather they need to be looked collectively...until we have a few quarters under our belt it will be very difficult to get a real look into how well this product is actually selling.