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definitely not worth panicking over...my guess is its a note holder, but we do not see any large ask sitting...for all we know, they dont want debt and want stock because they believe the share price is going up very soon
sounds more like one of them wanted in, in anticipation of the quarterly fins, unless they exited their position when we had the 24 million volume day...
I'm not a pro at all on debt conversions, but my guess is Rich gave the nod to one of the note holders to convert...doesn't mean they were ever at any point stacking the ask
im not saying it is affecting price simply stating it happened. it happened.
Hello:
Outstanding: 849,242,405
Sincerely,
Olessia Kritskaia
I s l a n d S t o c k T r a n s f e r
Full Service Transfer Agency
15500 Roosevelt Boulevard, Suite 301
Clearwater, Florida 33760
Office phone: 727-289-0010 ext. 243
Fax: 727-289-0069
Email: mailto:olessia@islandstocktransfer.com
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From:
Sent: Monday, April 10, 2017 4:07 PM
To: Olessia Kritskaia; Kim Whiteside
Subject: ICNB
Hi Kim/Olessia – looking for the current O/S shares of Iconic Brands. Thanks.
i also got an email back confirming the increase of 29 mil shares
so 3.5% of dilution, so we should expect a 3.5% decrease in the share price tomorrow...I'll even give you a 10% haircut for this specific transaction on the $$$ lmao
I missed this post...did someone post an update?
you dont suspect any of that was retail/MM's...so say half was management, not note holders since O/S hasnt changed ...14.5 million x .02 = $290k....maybe, but unlikely...it was all retail trading that day IMO
define "crap ton" - the volume's been so low I doubt there was a "DUMP" unless it came from Apostle's half a million shares
no selling volume. None. Nada
good points!!
gotcha...makes sense...hopefully you're right and I'm wrong! lol
the common outstanding is fine...Rich IS going to get more preferred shares when the other 49% of BiVi, LLC and Bellissima Spirits, LLC is acquired
which is fine...my guess is we will see $100k sales, then $300k sales, then $750k sales, then the BIG quarter...Q4...holiday sales $1.25 mil sales
how do you come up with Q1...management allotted supply of 30,000 cases, but a reasonable estimation is probably 1/3 to 1/2 of that...10,000 -15,000 cases per month (will not include initial orders for CA)...@ $7 to $10 per case....low end estimate = $200,000 (10,000 x $7 x 3), high end estimate = $450,000 (15,000 x $10 x 3)
I dont think candlesticks matter all that much when there's no volume...some investors here could single handedly move this 15-20% one way or another...the chart is not indicative of an overall movement.
you'll be very disappointed...we only owned 51% from December 13 to December 31...presumably a lot of those case sales occurred with the initial rollout beginning at sometime in November & likely wouldnt have any reorders in there because initial case sales were limited by supply...I think half is even an overestimation...i'm expecting less than $100k in sales
I agree, I'm expecting a nominal amount of sales, but I am expecting to see sales - this will further validate our investment and what we own...we will also get to see what the balance sheet of Bellissima Spirits, LLC looks like now that we own a controlling interest, so we should be able to get a really good idea how the initial rollout and expansion is being funded
that makes little sense, sure it would make the stock less liquid, which is already pretty illiquid, but to assume it would go to .001 is nonsense...the market cap would not go to being virtually worthless due to a reverse split in the face of exorbitant demand for Bellissima...it just wouldnt
this appears to be a search engine issue, not an ICNB issue...since there are 2 "iconic brands" they are inadvertently linking up information for both companies.
Lol c'mon man...haha
$500 million...What alien gave you that number?
intraday gaps will fill very soon
180,000 bid whack sent this from .0215 to .0175...dope
Read 5000 on my L2...5,000 would've read 5k
VNDM was on the ask, but now they are sitting with 5 million shares at .15...620k shares traded thus far...pffff dilution hahaha
I don't stop by as frequently as I used to, but nice to see alot of new people here
Rich doesnt get paid unless ICNB owns 100% of Bellissima Spirits LLC...think about it...one of the major benefits of a publicly traded company vs a private company is there is a market for trading shares...in a publicly traded company Rich can very easily liquidate some of his shares for his hard earned work that he wouldnt be able to accomplish in a privately held company.
If you received this reply on 3/14, why did you wait a full week to post relentlessly on Ihub with no posts in between those dates?
what was the initial email?
yea most people dont understand how stocks work, especially on the OTC...MM's make money on the spread between the bid and ask, but that doesnt mean they are in at the current bid/ask...there's multiple MM's for the current spread...some MM's depending on supply and demand of a stock could have 10,20,30%+ spreads between their bid's and ask's...they can also accumulate an inventory of shares depending on where they think the price is heading...they also work in corroboration with one another...someone once told me the only people who make money in the market are the market makers...now I dont necessarily believe that statement, but it's not far from accurate because many people dont know how to make money in the market
I don't think I said that anywhere in my post
Depending on principles of supply and demand, MMs will buy to accumulate inventory for when the price rises they will sell to willing buyers...They can also sell shares they don't already have in their inventory and will settle the order at a later date...MMs control the price activity, but they do not control the level of demand at a given time...The less liquid the stock becomes the more control they have over the price and spread
I remember that as well, started right after 12 o clock ET
911 = Pending news
And if you don't buy more than $200 worth, it's not free shipping and the shipping was outrageous for a single bottle
Noone is here because of what happened last year lmao
bottom was built in, reversal in progress, now people are chasing
first thing you've brought to this board that put a smile on my face lol
crazy volume today