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INDEED it is...going concern will be gone by end of year too...HA!
Well that would be a terrible investment decision because they're going to miss the good news : )
I'm not quite sold on the crazy valuations and haven't been since day one, but even with the debt cleared up and dilution this is still worth more than .015...What the true value is will be determined in the near future but my best guess is in the ball park of .03 to .04 based on what we currently know...Come end of July could be in the ballpark of .05 to .07...It's definitely not worth sub penny folks
Rich knows, Southridge knows, Ihub knows that we "have something" here in Bellissima...It's not like the others
Think about it why would Rich put the brand in a debt laden publicly held company when he could've kept this in a 100% wholly owned LLC? I have yet to see how Rich is going to benefit by a tanking share price
might want to take some classes in Marketing...branding can be just as powerful, if not more powerful than a patent
because they were a part of the initial creation of Bellissima; LLC's are either member managed or manager managed...they funded it and were consultants for the product development and because of this it was easier to conduct business with them named as managers, so every single decision didnt need to be authorized by Rich...the debt was never intended to be paid off and now they are receiving their shares for the time they invested and the financing of the product development...South Ridge is not selling, my bet is they hold a large majority of their shares long...it's a winning product and you never sell early on a winner...they wont let Rich reverse split and they will be all over Rich if he plans on further dilution...
1. You do not know they were members of the LLC, they were simply listed as MANAGERS of the LLC...HUGE Difference....2. scams occur when there's no real viable product or service to sell..Give me a ticker you follow that you believe is a scam that has million in revenues.
makes ZERO sense...Rich would've let ICNB go into the tank and kept Bellissima in a PRIVATELY HELD entity where he owned 100%
yea the gross margin is SWEET!!!
I'm not worried about tomorrow...Wait till Q1 earnings and Q2 update...this stock traded over a $20 million market cap most of January and February...the newly issued shares at today's price puts us at a $19 million market cap and now we KNOW we have revenues and a FAT 40% gross margin, O Yea and $0 DEBT....
What has Rich done so badly, other than not issue enough PR's for you? If you didnt think the day was coming where he'd have to dilute on PAST DUE notes then that person shouldnt be investing...he's grown the lines of distribution for this product far faster than probably any recent rollout in the last few years...he needed toxic debt to fund a lot of the initial product development because he had no other access to cash, how else should he have funded it?? He hasnt cashed out a single share, 40% gross margin proves he's not robbing us through an import fee and he ACCRUED a $125k salary for the entirety of 2016.
most people are used to stocks that dilute and do reverse splits with no viable product or service to sell and it's a no win situtation for anyone...the big difference here guys is BELLISSIMA...and its selling ALL across the great U.S. of A. and soon to be Canada
I agree DD and I believe we are about to find that out pre market tomorrow
Lol weeks ago we were trading over 20 mil market cap and as high as 35 mil with no insight into revs or margins...Today's close with new issued shares puts us at a 19 mil market cap and we have insight into margins and sales now...No reason to panic
As long as there are favorable restrictions on the debt holders ability to sell it will be a positive in that they can't put pressure on the stock price and it'll be a testament to their belief in the product and Rich...If their ability to sell is restricted you better believe they have faith in the product and ICNB
Tough ignoring them 2 weeks of sales though...Let's see 3 months of sales
like I said a million times...fully diluted at 2 billion shares at .014 only puts this at a measly market cap of $28 million...once we get the first 2 quarters sales under our belt this will be trading at a market cap far in excess of $28 million...avoid the noise, know the product is selling VERY well & just sit back...the debt was an issue, it was addressed & as long as Rich has restrictions on the noteholders ability to sell, which I believe he does because that was a part of his original negotiated debt agreement then this will be a non-issue 3 months from now...anyone who didn't think it was going to cost the company shares was either dumb, naive or both...
I also think a lot of people knew there was going to be some level of dilution to take care of these convertibles, especially since many were already past due...most of this is likely already factored into the price within a 10% margin of error.
true...my guess is Rich gave up more shares to negotiate favorable terms in their ability to sell, just based on what we previously saw with the $10,000 amount per month arrangement...
it's definitely not all rainbows and butterflies, but all we need is the product to sell and this will be an afterthought 9 months from now...the annual report showed some very nice sales and a nice gross margin, 40%...
yea I agree..I was only expecting about $100k in sales for Q4 based on the timing of shipments etc., the deal didnt close until 12/13/2016, so there couldnt have been all that many POs and shipments that occurred during that time frame, especially because all the big PO's would've been weeks earlier in order to have product on the shelves in time for X-mas and NYE.
Q1 is gonna be a shocker in my opinion and Q2 is going to be even bigger now that CA is live
they'd have to dump in the bid...there wont be enough meat on the bone for them to make it worth their while to do that...there's not enough liquidity and eventually they'll bury the $ and they'll still be holding 100's of millions of shares...
I also believe we will hear that Rich obtained favorable terms on the note holders ability to sell...he had restrictions on their ability to dump before, I dont think that will be changing...
yes...the derivative liability will be gone as well once the rest of the debt is cleaned up...I knew dilution was coming, but I wasnt thinking that many shares...at the end of the day I still think there are very good things to come for ICNB...the sales and the gross margin are just too much to ignore
those are some strong revs and a strong gross margin, excited to see Q1 and Q2...my guess is Rich got the convertible noteholders to agree to favorable terms in their ability to sell, so we shouldnt see any significant dumping by debtholders...
my guess is he knows the products going to be successful and the Annual Report is the initial testament to that...$300+k for first reported sales of Bellissima, only limited by initial supply of inventory...get ready for some big Rev numbers in the next few quarters...gross margin of 40% is nice too...this stock is about to be banging come summer time
yes dilution, but we are already significantly undervalued and I believe the annual report just showed that...Q1 going to show at least a 100% Q over Q increase in revenues...my guess is there will be restrictions on the noteholders abilities to sell as there has been since December 2016.
I agree...I believe this summer is going to hold some very special things for ICNB stockholders
$300k, more than I was expecting...Q1 gonna be pushing $1 mil in sales...debt is taken care of as well
nice...this gonna be huge
on time is defined by the end of the business day today...so how do you know he's not on time when the day isnt over?
Pharma companies are failing every single day but one of them somewhere is making progress on a revolutionary new drug after many unsuccessful attempts that can help heal illness around the World if they can just prove the efficacy of their drug...The point is all companies will swing 100 times, buy they only need to connect once
Theres a significant difference between "con" and a product that simply didn't work out...If you don't know the difference that's a problem
We provide a bunch to the equation, longs will add a base for the price to hold up...Without us you have flippers who would run the price up only to sell and crash the price...Not a good way to build wealth...Rich needs investors who will buy and hold
When will the toxic debt holders be dumping? He haven't seen any evidence since of this since December 2016, with exception to MAYBE the recent 29 million shares issuance
An IPO is a very long process and extremely costly...Why go through that process when he already has access to a public company?
Clearly you missed today's discussion
the proof will be in the pudding, but anyone who's involved in "business" knows it's much easier to operate an honest business when the product sells itself...in all walks of business people will tell you what you want to hear in order to make a sale, so they can provide for their livelihood...when the product or service sells itself, theres no reason for smoke and mirrors and/or salesmanship
I've already purchased about 30 bottles to enjoy myself and share with others...not everyone likes each one, but everyone likes at least one of the varieties...hence, why there's 3 varieties...to appeal to all tastes and preferences