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Very good, observations and analysis, my friend.
MarkerClub has issued a warning about ICNB. The headline is "Be Cautious About ICNB"
Based on weekly and monthly trends, MarketClub used green and red trade triangles to evaluate stocks. And, their verdict is that ICNB has been on a downward trend for the past several months with Rich apparently fudging the numbers to entice stockholders/ investors to hold or buy in. Well, he has surely caught a few but not me. I have been building up my bank account by flipping this when the opportunity presented itself. I still have a few more millions to flip at any time!
Looking at it again, you are certainly correct, from a bigger (macro) perspective.
Yep, but, I will concur that expenses have stabilized a bit, and there are some improvements in between!
Agree with that, but then it's down compared to a year ago, right?
And, nothing is wrong with that. In this business, it is called speculation. Although, the fins are bad, they could have been worse, so it's possible investors will take some risk and buy some cheapies, with an eye on the last part of the year when sales normally quadruple. Time will tell.
My first impression is that the quarter was not very good. Look at sales, cost of sales and gross profits for the quarter, compared to the last three months, prior to June 2018, and then look at the same figures for the last 6 months and last 12 months prior to June 2018. Sales and profits are declining at a declining (diminishing) rate, as it is referred to in economics. There is no doubt that ICNB and Rich have lost traction and momentum vis-a-vis, marketing, sales, and distribution of the products. At least it's a little better than the $80,000 in sales that I had predicted.
Sales $143,551 $205,270 $190,084 $490,973
Cost of Sales $81,843 $119,252 $91,008 $213,246
Gross profit $61,708 $86,018 $99,074 $277,725
Couldn't agree with you more: "This POS has been a pathetic failure for shareholders who trusted richie boy, as value has been on a consistent decline." Sales for Q1 was $62,000.00 My prediction is that sales for Q2 will be about $70,000.00 to $80,000.00
You are right with that: "Buyers Beware!!!!! .002 coming... where’s that penny promised at end of July???? Another lie from Rich’s team!!"
With the pathetic performance of this stock over the past two years, I totally agree "Especially when you know a serious ICNB beat down is fast approaching with the upcoming Q2."
ICNB= TRASH STOCK HEADED FOR THE DUMP
Agree 100 percent:
"It’s only a matter of time til we drop below .003. The amount of interest here is non existent. This needs lots of volume to close and stay higher if not we go up and then slamming back down. At the rate this is going we will probably touch .002s soon. Rich may release some fluff news to keep the price from dropping even lower. But from the looks of it that’s not a priority. Let’s hope the next news release has some substance."
Rich is good when it comes to releasing fluff when it suits him! GLTA
Agree 100 percent: "While his stock hits $.0031. Close the deals and screw the stock." GLTA!
Agree 100 percent: "Glad I flipped this PUMP and DUMP POS for profit and didn’t listen to the fortune tellers who held their bag all the way back down!! .02 by end of July!!!??" GLTA
Agree 100 percent: Apparently richie boy has fooled many fools especially those that think they are connected to people in the “know” GLTA
"ICNB=CEO SHENANIGANS BEHIND THE SCENES"
You are right and I fully agree! Watch out for the administration/administrators, they have their spies
Thanks and I know the numbers will give us a better picture of how this is performing. Q1 was a disaster, and with no PR's on additional distributors, it's increasingly looking like Q2 sales/revenues will be disappointing.
When are the Q2 fins due?
Agreed, and he has been pilfering, scheming and scamming his way with several fraudulent POS. It's a shame we can't meet him in person to tell him to his face!
Seems like the CEO has multiple personalities! He is a kleptomaniac with no business acumen, IMHO.
Thank you, BigJuan. and the closer one looks into this, the more you are left in a quandary as to why the CEO is not following through on these suggestions. He is always making things difficult for shareholders. A routine requirement such as filing fins on time is always late and right down to the 11th hour. He treats his shareholders like pariahs and not at as investment partners.
And, for the records, there is no reason why they can't be done.
A lot of "if's" man. A bird in the hand is worth two in the wild, the wise folks use to say. That being said, I have always retained a core position of a couple, plus million shares just in case I ever win the lottery on this one. I have always said that this has potential to be a winner if Rich does the right thing, which includes:
1. Acquiring the other 49 percent of the business
2. Up-list to QB board or some other
3. Buy back up to 500 million shares
4. Be more transparent
5. Appoint at least three board members who are not related to him, his wife or his in-laws.
6. Offer a small dividend to shareholders
7. Hold periodic conference calls with shareholders
8. Put assurance in writing that there will not be another RS
If the CEO could get these done, man this stock could be a big success story.
"Wow!!! So glad I didn’t buy this POS at .003s and hold.... as it’s going back down!!!! Say good bye to paper profits!!!! OOPS!!!"
Agreed and soooooo glad I liquidated half of my position and took a good profit over the past few months. Sorry for anyone waiting for Santa to bring imaginary surprise presents with this.
Yep, and quite frankly, I was surprised that it did not show a little spine or backbone to nudge a little higher. The investor who sold the 1 million, most likely thinks the PR/news was fluff, or else he/she would have waited to see if it goes up a little and earn a few more dollars. But, not to be, they just wanted to get rid of those share. Then again, who knows it could be Rich diluting a million to start the day off.
Looks like you may be right! Yesterday's news/PR perhaps is not convincing enough, so investors are not buying.
The initial trend this morning does not look good. It has already dropped 4 points from yesterday's close. I thought it would have bounced a little to may be .0050 post PR. But, it looks like investors do not believe anything Rich says.
Agreed, and definitely a factor
Trading today was lackluster. Volume down, pps down, investor interest definitely down. Reversal on tap, for sure!
You are so Right!
This is going gangbusters with almost no volume ..Lol
What news you expecting? Rich had to scrape the bottom of the barrel two weeks ago, while under pressure, to put out something, and so my advice to investors is to not expect any news until Q4.
These guys are professional fraudsters. They are good at what they do, and that's scamming and stealing people's money. The SEC has not done a good job at regulating these scams, plus some boards have become complicit in their wrongdoing! I got out several months ago at 4's, taking a nominal loss, but I am glad I made the decision. I have been sounding the alarm and warning investors of Janon's dishonesty and lack of integrity for more than a year.
6-month low is doable today!
"Fireworks today ! I’m ready ..." Well, so much for the so-called fireworks! I guess the only fireworks will be when this implodes, burns and crash, right? With a few thousand shares traded or changing hands, the handwriting is on the wall for this POS.
NEWS OUT!!!
Rich is on a vacation, cruising the Mediterranian.
Very disingenuous!
How is he going to pay for this mega advertising and marketing blitz? The money will drop from the sky, right?
Will President Trump respond to the EU's increased tariff on products imported from Europe? With the EU targeting bourbon, will Trump increase tariffs on wines and spirits imported from Italy? If he does then Belissima could cost a lot more to import into the U.S. And, with CB's anti-Trump rhetoric, it sure does not help, right? Here's the latest news on the issue.
European Union tariffs on products from the United States will go into effect on Friday.
The European Commission announced Wednesday that it had approved initial retaliatory tariffs on US exports worth €2.8 billion ($3.2 billion).
The tariffs will hit American products including motorcycles, orange juice, bourbon, peanut butter, motor boats, cigarettes and denim. They are a response to the Trump administration's tariffs on steel and aluminum exports from Europe.
"We did not want to be in this position," said EU trade official Cecilia Malmström. "The unilateral and unjustified decision of the US to impose steel and aluminum tariffs on the EU means that we are left with no other choice."
The European Union has also filed a case at the World Trade Organization.
If the trade dispute continues or is not resolved by the WTO, the European Union said a second batch of American exports worth around €3.7 billion ($4.3 billion) a year could eventually be targeted.
That list includes roughly 160 products such as US sunbeds, paper towels, corduroy pants and porcelain tableware.
We have to see how this shakes out. The EU is also targeting U.S. products and Trump is threatening to do the same.
Point well taken, and I totally agree it's very complicated. What does bellissima label says? Is it an Italian or U.S. wine. CB markets it as her wine brand, I think.
It's definitely part of the emerging geopolitics and trade war.
Nice joke! I guess you missed it. I will forward the press release to my friends in Canada so someone could alert the government there to put Bellissima Prosecco on the black list for increased tariffs.