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Hello!!!! Anyone out there??? Deal is done!!
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News 0.05 0 Iconic Brands Inc., Closes Merger with Medical Marijuana Business Academy
Sep 12, 2014 12:05:00 (ET)
AMITYVILLE, N.Y.--(BUSINESS WIRE)--September 12, 2014--
Iconic Brands Inc., (OTC Markets:ICNB), announced today they have closed the previously announced merger with Medical Marijuana Business Academy, LLC , www.mmjbusinessacademy.com , a Colorado based educational platform that helps start-ups, investors, and current owners navigate the regulatory boundaries of the cannabis market. MMJ Business Academy also is a premier event and seminar provider, with their next event scheduled in Denver, Colorado September 27(th) and 28(th) , information can be found on the company website.
Effective with this closing Iconic Brands current CEO Richard DeCicco has resigned and Mr. KC Stark has assumed the position of CEO, with Mr. Charles T. Houghton, Esq. assuming the positions of Chairman of the Board and CFO.
The company will take steps to effect a formal name and symbol change to reflect the new business enterprise.
Mr. DeCicco would like to thank all of the shareholders for their patience and support over the past several years and wish the new team tremendous success. Please look for a formal press release from new management outlining the current business and future plans that were all very excited about. We look forward to a prosperous future with MMJ Business Academy.
About MMJ Business Academy
The MMJ Business Academy helps start-ups, investors and current owners navigate the legal web of regulations and provides the practical hands on information necessary to take advantage of Cannabis market opportunities. The MMJBA offers comprehensive, step-by-step live and on-line training platforms covering critical topics: marijuana business licensing qualification process, State license applications, seed to sale tracking, medicine and money, retail & cultivation operations, choice of entity, commercial leasing, marijuana business insurance, banking, security requirements, inventory obligations, State filings, taxes, special allocations, federal tax issues, compliance accounting, theft prevention, and essential tips to avoid failure and increase your chances of success.
Forward Looking Statement:
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
CONTACT: Iconic Brands Inc.
MMJ Business Academy
Mr. KC Stark, 719-930-9846
SOURCE: Iconic Brands Inc.
Copyright Business Wire 2014
(END) Dow Jones Newswires
September 12, 2014 12:05 ET (16:05 GMT)
I think I got this one. No real official date, it's when they are in compliance with all the requirements to uplist. Hope that helps!
Have a great long weekend everyone!
Go CVSL!
Hey Mosley, how's that for an answer to your question!?
Yahooo!
Go CVSL!!
Lmao! Right on Kashkat!
CVSL!!!
Out of all the information contained in those twelve pages that's what you're gonna hang your hat on!!?? Lol! Entertainment at its best!
Mosley, yes it does! That is awesome - your son will also remember that moment forever! You have taught your son a skill that will keep on giving very much joy throughout his life. I've been fishing since I was able to walk. Great stress reliever too!
Go CVSL!
Mosley, the 19,300 was a buy at .80. There were no other transactions for the other 2 you mentioned although there were a series of buys from .77 to .80 that add up to over 22,000 shares. Hope that helps.
Not likely!
You're right, I'm frustrated........ That I didn't drop another $10k in this back in May when it was $.45! Dang it!!
Db, excellent post!! Well thought out and very well put!
Count me in as a devotee as well!
Go CVSL!
NICE! Thanks for the heads up! Great article!
Amen ID! They have done exactly what they said so far! Why change now?!
WHY?
Buys = 73,867, Sells = 20,633
Wow! Those were some serious buys too!
Well said gainburke! Me too!
Go CVSL!
Legal action means nothing! They were overcharged, they wanted it to go to suit. More than likely this will be settled out of court for pennies on the dollar.
John, you are right, the wealth of information and helpful tips are bar none the best around and as you say very generous provided by ospreyeye. My apologies, my intention was not to take advantage. Good luck to all!
Ospreyeye, I'm in CVSL since $.06. Any chance you can give a quick analysis on this one? Don't know when I should sell a few more. Looks to run more just want to know your thoughts. Thanks!
BOOM! $1.01 hit!!!!!!!!!!!!
Very sad article. I do feel bad for the people that were laid off. I know exactly how they feel I've been there. I was laid off by a company and then hired back 2 years later after they became healthy again.
Although it is a terrible thing, sometimes it is unavoidable for the survival of the company.
People will take this personally but, they are doing what they feel is necessary for Longaberger to survive.
Good luck to those people involved.
Go CVSL
Wow! What a day! And, we now have a basher! Good things are coming!
Go CVSL!!
Great day today for all us longs! And short termers. We're glad to have you here! Think we might break hoy soon? That would be nice!
Go CVSL!!
Hey Buk. Loving this slow crawl up to dollarland!
Go CVSL
Seeking Alpha Article!!
Randy Schroeder, randyschroeder.com (15 clicks)
Special situations, event-driven, contrarian, Private Investor
Profile| Send Message| Get real-time alerts (5 followers)
CVSL: The Rollup Will Accelerate
Jun. 27, 2014 2:35 PM ET | About: CVSL Inc. (CVSL)
Disclosure: The author is long CVSL, HLF. (More...)
Summary
CVSL: The Rollup strategy will soon gain steam.
The anticipated NYSE listing will make CVSL a more attractive suitor.
Anticipated revenue gains will be supported with bottom line profits.
John Rochon of Richmont Holdings is a proven winner.
CVSL (OTCQX:CVSL) is engaged in a rollup strategy of acquiring multiple companies in the direct selling or multi level marketing industry. The company strategy is to provide efficiencies of scale and management expertise to owners of direct selling companies who have discovered that starting a business and growing and operating a substantial enterprise require quite different skills.
The CVSL operating strategy is one, which encourages the entrepreneur to remain integrally involved, in much the same manner that Berkshire Hathaway seeks to maintain involvement of the seller when acquiring businesses. A key driving force in the CVSL strategy is to provide liquidity to the seller, while keeping the founders or primary stakeholders engaged in the ongoing development of the business. This strategy has been "in waiting" during the early phase of CVSL development, since the shares have been very thinly traded on the pink sheets.
The recent announcement of a Form S-1 offering being filed along with an application for listing on the NYSE changes the landscape considerably for CVSL. In a few short weeks, entrepreneurs who choose to sell into the rollup, will have liquidity. This key contributor to CVSL acquisition attractiveness has been only a concept until the pending NYSE listing.
A recent Direct Selling News article identified 100 direct selling or multi level marketing companies with annual revenues of $60,000,000 USD or greater. When one questions the validity of a roll up strategy for this industry, he need only look at the above referenced list of entities. The efficiencies of consolidation of back office functions are obvious. Each of these companies experience the expense of legal departments, IT departments, call centers and multiple layers of management. There is little about most of these functions that are unique to the individual entities. The CVSL rollup strategy, soon to be augmented by a real offer of liquidity to the company founders and primary shareholders will make possible discussions with more than a few of the companies in the Direct Selling News list.
In Q1 2014, CVSL revenues spiked six fold as a result of acquisitions. That revenue increase will pale in comparison to future increases, due to the dramatically more attractive proposal CVSL can make to acquisition candidates, once the NYSE listed shares become effectively the currency used to fund the acquisition. Top line growth is nice. Organic top line growth is even nicer. I am well acquainted with prominent members of CVSL companies. I am satisfied by conversations held with such individuals that the assimilation of the various companies is going well, and that future quarters will see top line growth of an organic nature, as well as growth provided by an accelerated acquisition schedule.
Bottom line improvements will not be far behind. My confidence in this fact is provoked primarily by my confidence in and enthusiasm for the chief architect of the CVSL plan. John Rochon of Richmont Holdings is a proven winner. Richmont publicly claims investment returns of 92% compounded internal rate of return, with over 340 completed transactions in the past 28 years.
Winners tend to win, again and again. The direct selling industry needs a bankable champion to counter the attacks of short sellers and well intended but misinformed regulators. Rochon is that man. And, he is not the lone ranger. He has surrounded himself with a star studded cast of seasoned executives.
I have been a full time industry participant for the past two and a half decades. I have been among the top producers globally on the distributor side, and I have been the president of a direct selling company with annual revenues in excess of $300,000,000.
I subscribe fully to the strategy envisioned by John Rochon and team. I am not employed by nor am I a distributor or network member of any CVSL company. I believe the rollup is working, I believe that greater success is to come than the current share price reflects. Accordingly, I own CVSL shares. I have never sold a single share, and do not intend to do so any time soon.
Editor's Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
This article was sent to 133 people who get email alerts on CVSL.
ALL buys today so far... That's pretty cool! Wonder why?
Hey gainburke! Definitely have a great group of longs here! Been here over three years and all longs have been the best group of people to talk with during this incredible journey! I appreciate all of you and wish the best of luck to us all! Just going to get better from here!
Go CVSL!
I agree! I think we hear something next week.
May not be news but there was filings submitted yesterday. Pr said closing expected in May 2014 - "The acquisition is on schedule and expected to close in May 2014". End of May tomorrow. Maybe they didn't want to pr on a short week of trading. GLTY!
Welcome Vinny! That was probably the smartest purchase you've ever made! Great things happening here!
Go CVSL!
Yield sign should be coming down soon!
I see a couple more filings hit Friday. This thing may be getting ready to head north.
Do tell! Who?
All is well. Believe that may have been some shorts covering (see tutt's post). We're climbing again.
Thanks Sweeps! Figured is was some time this week. ICNB getting a little action today for a change.
Do you have any idea when the "D" comes off? I was thinking it was tomorrow but think I am wrong.
You are probably right! Question is who would be the best candidate to market that wrinkle cream?! ;)
I agree. I'm on the edge of my seat! Can't wait to find out what that "something big" is!
103,000 buys, 103,200 sells, 3,000?
Excellent day! Moving up slow and steady!
Go CVSL