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yes...that will be the silver bullet, but my guess is Rich knows he has a product in great demand and if he plays his cards right he can amass tremendous wealth as well...if he had a sh*t product that noone cared about then sure, he could make off like a bandit at the expense of shareholders...but why kill the goose before she's golden???
maybe in some people's eyes but not mine...and it's not just the celebrity...its the product, its the name, its the label, its the BRAND...who gets excited about Lemoncello sales? I dont...who cares about a new vodka product? I dont...there's 100's of different labels out there, alot of them that have amassed tremendous market share, absolut, three olives, grey goose, the list goes on...PROSECCO....ahhh that one is different...from all the others
that's what happens when you fund a product that isnt going to work...he funded his ideas with toxic debt (like a lot of startups do) and it didnt work out...he's currently fixing the debt issue...I'm interested to see how the initial rollout is being financed, but my guess is it's not with toxic debt...
but Tommy, what you're failing to realize and why ALL of us are here...is this one is different...this product/celebrity combination is different than all the others...I would've never invested in Danny Devito Lemoncello or Chazz Palminteri BiVi Vodka or any of the others...here are my reasons for investing 1. this is the fastest growing category in the wine industry worldwide 2. unlike many other wine and liquor categories this one is still in its infancy and because of that it's still an unbranded category 3. Christie Brinkley appeals to the target market who will consume this product...they love her philanthropy, her beautiful body image at 63 years of age, her love for humanity...women love this sh*t and they love prosecco...
I'm done here, but there are MANY MANY reasons to love what's going on right now with ICNB...far more to love than to hate...Rich knows he has the golden goose here and he wont ruin it by taking a measly $40k a month from ICNB...he knows he can grow the share price here exponentially and amass HUGE wealth for himself by doing so
frankly, I dont care what happened before Bellissima came into the picture...Bellissima is changing the game for everyone involved...Rich, Christie, ICNB shareholders
40k a month...when did ICNB ever have that kinda cash?
if anything it's a friggin gift!!
Rich could've kept this all in his personal entities, but he didnt, the reason he didnt was so he could eventually monetize his efforts, which is more easily done in a public entity than it is in a private entity...this doesnt mean he's dumping on us tomorrow...it means at some point in the future he wants to reward himself for his efforts in developing these brands...frankly he deserves it...he deserves all 100% of it...but he's not taking 100% because he knows he needs US, long investors to provide a stable base so he can eventually (years from now) monetize his holdings...
how is that screwing for one? One man is working tirelessly to build these brands and his fortunes...what do you think he deserves for all the work he ALONE is doing 10%, 30%, 60%, 90%....what's a fair price???
that would be .10...its more like 5 times
coming soon!!
hahah that's funny!!
Noone is suggesting that, but some of us been around a while and there's a group with a very clear agenda here...29 million is peanuts for an OTC
everyone knows theres only ONE REASON to sit and bash a stock on a message board ALL DAY AND NIGHT...that's because they want to scare you into selling into their bids, so they can flip those shares for profits...DONT BUY INTO THE GARBAGE YOU HEAR HERE
pot calling the kettle black
Rich is in CA selling product lmao
ask is thin folks...drop that PR Richie boy, we know you're holding GOLD!!
Just think with sales in the millions, possibly projections of tens of millions as early as 2018 this stock should be worth much more...fully diluted at today's price 2 billion x .015 = $30 mil market cap... FULLY DILUTED only a $30 million market cap...think about it folks...outstanding shares WILL NOT equal AUTHORIZED SHARES AT ANY POINT, dont let all the DILUTION TALK scare you because its bull crap and if the product is selling the dilution doesnt matter...I can guarantee you that...if you believe in the product and the rollout thats occurring right now this stock is worth more than $30 million fully diluted, which wont happen
Rich needs a dedicated investor base if he truly wants to "cash" out on his efforts. The only way he can immediately and significantly monetize his efforts is through the public company ICNB...He can create wealth with a privately held company but it would be more costly and more difficult to monetize his ownership interest...Let's not forget this is ALL RICH and noone else...How much does he deserve? 50%, 75%, 99%?? He deserves the whole damn thing, but that's not feasible in a public company structure so he needs to be careful how much consideration he gets back for his efforts...I think 70% is probably not a bad deal for shareholders and needs to forgoe some ownerships for an eventual CEO type salary so he doesn't kill the stock...Sorry for the rant
Be very leery of any PMs you get telling you to sell your shares...Received a few in past several days from several IHUB members
Any theories on why private equity firm is getting involved?
huge t-trade lol - it was less than 500,000 shares...I'm not sure how big your portfolio is but thats peanuts my friend
Yea, still an option, but I think he just wants it over and done with
he makes almost as much trading stocks than he does at his job lol he had a really good 2016 thanks to the shipping sector
Im not sure I comprehend but Ill LOL anyways ; )
had to sell 210,000 shares (50% of todays volume) for my brother this morning so he can pay his taxes on last years gains lol...I'm done selling now
ahhh mine shows differently than that...sorry for the confusion
im using etrade
they show for example:
.0421 10k
.1656 5000
Based on this I was under the assumption 5000 meant 5 million because using logic you'd think it would read 5k
then why are other MM's showing 10k? wouldnt they be showing 10000 according to your logic?
5,000 would show as 5k...5000 is 5 million
add some zeroes to that - it shows 5000, but that's not 5,000...if it was 5,000 it would show as 5k
yup, BMIC sitting with 5 million shares at .1656
BMIC's order was in error!! they are now showing 5 million shares at .1656, previously was showing at .0156 and lower
lol hes gone
product moving great here in WNY as well...prosecco is seasonal here and typically only sells in warmer months and for holidays...sales rep at our largest store said its the ONLY Prosecco selling right now
Historic selloff - ugh
stocks dont get stuck because of dilution, they go down because of dilution...toxic debt financiers dont care about price and relentlessly dump on the bid...that has not been the case here...this has traded sideways for several months now
this run started even lower - .0002 - .0003 early to mid November
all profits are being rolled into expansion
Business 101
Probably none lol
Perspective-Fully diluted, 2 billion shares, at today's closing price still only put this at a $34 million market cap...