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For over two years, I have heard the same BS. All kinds of valuations and prognostications have been posted, and nothing close has happened. Anyone knows the ratio of the pending RS? I saw somewhere that it could be 1000 to 1.
Very true, and I would add that Rich is primarily to be blamed for ICNB'S demise. This has gone from just under 4 pennies 2 years ago to less than quarter of a penny a week ago. Rather than reinvesting the profits 2 years ago, Rich decided to pare down the $11 million debt he accrued from 8 failed business ventures. He also opted to dilute this by tripling the OS from less than 600 million shares two years ago to almost 1.5 billion shares today. That's why not even CB's rich friends, including her ex don't want anything to do with ICNB.
Anyone knows when was the last fin? Q1 or 10K? Is this company behind in SEC filing?
ICNB cannot hold any increase, not even for half of a trading day! Yesterday it shot up to .0055, right out the gate, but within hours had slipped back to the 40's. And, down she goes, 40's, 30's and soon 20's.
CB owns an empire, Rich owns a dumpster! How about that? You have to say it out loud to get it, my friend! Say it ...
Good characterization my friend! Notice in the PR yesterday, Rich spent half of the narrative extolling the partnership between him and her. Well, that was on purpose. He even used a generated quote from CB to try to add weight to the PR. Well, here's what I have heard from a reliable source: CB is not happy with the partnership and recently told scamming Rich that she wants out. Rich convinced her to give it until the end of the year, I was told. I believe CB is not satisfied with the ROI for her marketing and promotion of ICNB. That's why, Rich pulled out all the stops in the PR to praise her and tout her marketing genius and super model stardom. Oh Richie boy, how transparent you are, and guess what, CB will walk away and leave you high and dry.
This will be down another 20 percent before EOD! Rich knows how to get cheeseburger money. He is so transparent, only the blind cannot see his intentions. It's the same pump and dump, wash and rinse all the time. Oh how many rejoiced yesterday, claiming the PR made this turn the corner. Well, today we see a massive reversal on the way.
I called it again, my friend. Yesterday or the day before, I posted that teens will be served up in a few days. This could be a sad reality by tomorrow, if not just before EOD, today!
Wow, man I called the other ICONIC company,as well, and felt something was amiss.
His days are numbered. He will soon be in so much "kaka", he will wish someone put him out of his misery.
Man, you are so right! I spoke with him on the phone a few times and he responded to my emails in the early days. When I volunteered to help out the company as a PIO, and he declined the offer, I knew right away that he had shady intentions.
I also have some emails from him that will shock everyone! He provided inside information that clearly violated SEC regulations. He always said, "Steven, you know I can't tell you what's in the pending email/PR, because of SEC rules." But, after prodding him a little and swelling his ego with praise, he would pass privilege info to me. Many folks who have moved on, made hundreds of thousands of dollars collectively by selling their shares, based on privileged information Rich allegedly gave them. That's what they told me in the early days.
Totally agree! Rich is a blood-sucking leach. He also does not have any morality or moral compass. So, you cannot expect anything better. He once told me on the phone that there will never be an RS, and many longs who communicated with him in the early days can attest to this, because he told them the same thing. He is a compound liar and a kleptomaniac, IMHO.
You know a stock is in trouble when the pps is tanking and nothing the company does makes a difference. This pps is almost a giveaway and nobody wants it.
I agree. It's going get a lot worse. Wait until this hits the teens in a few days. Even at bargain price of .0025, nobody wants this. SAD!
Very true!
Actually, I saw an internet reference in which CB is quoted as being vehemently opposed to drugs and opioid in all forms.
Back to 30's already, ha, ha, ha!
Well said, and I agree that there are too many variables involved here to make an informed decision, predicated on substance!
Very pragmatic and objective explication! That's exactly my perspective on ICNB.
Correct! But, guess what? Rich cannot release any PR with substance, because it's all a scam, and he can't flagrantly use or reference any of his socalled international partners and joint venture associates, because they simply don't exist.
Agreed! And, I will add, "Buyer be Aware."
You are so right! This CEO is running out of options to scam investors.
Absolutely! This looks like another scam from Rich. Notice even after more than 23 million trades including over 12 million buys, this can't even crack half a penny. Actually, it has no holding power, and is slowly returning to low 30's.
He badly needs money for cheeseburgers for Labor Day. Notice the PR has no verifiable information. Just fluff! Until he provides the names of entities, my advice is to take it with a grain of salt. Could be a desperation move by Rich, to line his pockets.
How about fiduciary impropriety. There are many companies that work in concert with auditors to release the most company-favorable data in their best interest. That's reality, and don't forget "money speaks in America"
Very possible, and I will say the odds or probability of this hitting 20'a today is 50 percent. But then again, I know the CEO follows this board, so he may pull out all the stops or do what it takes to prove us wrong!
I believe an RS in the range of 10 to 1 is being considered. This also could possibly hit trips in three to four weeks or so. Sales/revenues for this year could be at least 50 percent lower than last year, IMHO.
Agreed, and here's another point to consider. Rich pads his fins with data that cannot be easily verified. So, unless he is caught fudging the numbers, as a few folks here have found out and exposed him, he does not concede anything.
Going back up by two tick marks is nothing to gloat about. This is experiencing the throes of death, and a litter flattering/flickering here and there is expected but, it is DEAD, and undergoing rigor mortis nonetheless.
And, with all that, its heading to trips! Much of what Rich puts out in his PR's and fins cannot be independently verified. Even audits can be doctored, right? BUT, HERE'S A FACT THAT NEEDS NO VERIFICATION. THE PPS IS CURRENTLY AT .0030 AND IS HEADED TO THE 20'S VERY SOON!!!
So right man! I did the same and made out with about $4,000.00 profit plus my initial investment over the past year or so -- just by flipping it multiple times.
Yep, totally agree. He has failed in eighth attempts at running a business, while lining his pockets. While I feel bad for the believers who have been championing his cause, out of ignorance, I feel little sympathy for those who day-in-day-out made sleight of many of our warnings and buyer-be-aware advice.
Absolutely, man! This could even retrace trips before October, IF NOT SOONER! The handwriting is on the wall for this POS! Richie boy has run yet another of his fraudulent investment forays into the ground. I think this the eighth attempt at running a business in the past several years and he has failed miserably in all of them.
I called it a hour ago! 20's now possible before EOD. What a POS!
Volume so far today is one share! Yes, someone sold a miserly one share for .0033! Tell me if this is not a sign of loss of all hope and confidence in this POS? The future prospects of this POS is grim, IMHO.
Absolutely, and this CEO is oblivious to the loss of investor value over the past year and a half. Apparently, he lives in a bubble!
I expect ICNB to touch .0030 today. After that it could experience or undergo a free-fall, before holding in the mid-20's until next fins. Just my conjecture, but quite possible and even probable, give the lack of support from the CEO, which has led to loss of investor value and market confidence.
I have learned not to believe 50 percent of what Rich says or writes in his PR's. Just a bunch of lies.
Yes, in deed, the market is closed from Rich's perspective. He has made his millions on the back of hardworking investors, and looks like he is getting ready to walk away. That's why there is hardly any trading. The markets sense that there is something amiss here. No news, no updates on distribution, a doctored Q2 financial report and most importantly, throwing shareholders under the bus. Rich is a thief, PERIOD!