Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
toybaby, it's not just any 30 days. To meet the requirement, ICNB has to have a closing bid price of at least $0.01 for each of the 30 calendar days immediately preceding the Company’s application for OTCQB.
Yes, he was smart enough to abandon a flop and try, try again. It's an M.O. he has down pat.
It's more efficient to sell $363K worth of booze (2016) than it is to sell $82K worth of booze (2015)? Gee, who knew.
We know that ICNB owns 51% of Bellissima Spirits LLC. Ownership of the remaining 49% is much less clear.
So $24.99 - $29 in LCBO stores?
What would a restaurant charge for a bottle of Bellissima, 50 CAD?
Who writes these things? Rich? Relative populations notwithstanding, when your first international expansion foray results in a major foothold, that is your lead:
Bellissima Expends Into Canada!
Leading both the headline and the p.r. with three more states rather than Canada sends the wrong signal. It says it's no big deal.
Good question. The OTCQB Standards page states:
Bid Price of $0.01. Have proprietary priced quotations published by a Market Maker in OTC Link ATS with a closing bid price of at least $0.01 a) for each of the 30 calendar days immediately preceding the Company’s application for OTCQB and b) as of the date OTC Markets Group approves its application to join the OTCQB market.
http://www.otcmarkets.com/content/doc/otcqb/standards.pdf
If there is good news, the share price suggests that it certainly hasn't leaked out.
If this link is accurate, 50 of the Hannafords are in no-vino-in-groceries New York, but 130 locations would still be a nice addition.
https://www.mystore411.com/store/list_state/235/New%20York/Hannaford-store-locations
I do not doubt the authenticity of your email, but I am skeptical about the plausibility of ICNB acquiring the remaining 49%. I don't see what ICNB has to offer to those percentage owners.
ICNB owns 51% of Bellissima and allegedly, a company called Friday Night, Inc. owns 8%. The other 41%? We do not know. Feel free to speculate.
yqgkid, regarding something we discussed back in May, #msg-131727503, when we find out whether LCBO has accepted Bellissima for distribution, will we find out how it has accepted Bellissima (store level or corporate/warehouse)?
Right now, I have no inclination to sell.
I see nothing in Richard DeCicco's resume that leads me to believe it is his nature to give away anything, and I think there is now reason to question whether he controls that entire 49%.
(1) There is the filing of the mysterious Friday Night, Inc. as reported here: #msg-133228216. If true, that would be 8% gone.
(2) I now suspect that Buck-A-Bottle Brinkley is no longer only Buck-A-Bottle Brinkley. If I were a businesswoman with her supposed savvy, I'd have opened those "modified agreement" meetings with: "Rich, this train only moves as far and as fast as I feel like pulling it, and I'd feel like pulling it a lot more for 25% ownership."
But who knows? Not we mushrooms, at least not yet.
Yes, it most certainly is.
Re: "Rich to give the other 49% of Bellissima to Iconic Brands as promised." Was the word "give" actually used at some point? That would be nice.
I only remember this from 1/11/17: "Iconic Brands management is finalizing plans to consolidate the ownership interest of Bellissima Spirits and Bivi Vodka to a 100% interest..."
Thank you. I knew that it didn't add up but didn't know the background.
A question for anyone who was here a year ago:
According to this post, #msg-124296162, Christie Brinkley posted on her Facebook page that Bellissima was available in nine states (including California) as early as the beginning of August, 2016. Is that true? I thought that sales didn't begin until November.
How about a 20% increase over Q1 revenues? How would you feel about that?
"I don't find this place to be the most reliable, nor the most educated place to come for financial estimates" Hark! Something on which we agree.
I was merely pointing out that "disappointing" and "not good" were widespread reactions to the numbers. It wasn't a minority view.
If you buy in to all the narrative surrounding the stock, I think that's a perfectly reasonable expectation. I am skeptical about some of it, so my expectations are lower, but I hope you see your $500K+.
30% more than Q1 would only be about 7% more than Q4, and reportedly, they did those numbers in only eight weeks. I expect revs to be in the same neighborhood as you do, but if they are, I won't find it to be impressive. $500K would be a good number to hit. I just don't expect to see it.
If this conversation feels familiar to you......#msg-131577707.
I said "not good." I didn't think they were. I thought them humdrum at best. If you were happy with them, terrific.
He revealed preliminary 4th quarter numbers. The numbers were good. He was mum on 1st quarter numbers. The numbers were not good. There has been no early word on 2nd quarter numbers, so I'm not overly optimistic about them.
"and we get same results as in US" To what results are you referring?
If you hear they said "Ptooey!," that would be a bad sign.
That's the last one I recall: "AMITYVILLE, NY--(Marketwired - Jun 30, 2017) - Iconic Brands, Inc. (OTC PINK: ICNB) the company is pleased to announce that Bellissima has entered the final phase of the Canadian approval process with a tasting panel submission this week."
Well, they're a quasi-monopoly for liquor sales in the province of Ontario, but that covers a lot of people, roughly 13.5 million, nearly 40% of the Canadian population. It would present a major foothold for sure.
In the three pre-Bellissima quarters of 2016, ICNB reported revenues of $5027 in the first quarter, $0 revenues in the second quarter, and $0 revenues in the third quarter, so I sense a certain lack of demand for the product.
"I am hearing its selling really well." I'm hearing the same thing, but I'm hearing it from people who really, REALLY want it to be selling well, so I'm treating it as anecdotal evidence only. We'll get numbers in August.
I believed you arrived post-BevMo hysteria when the board was subjected to an endless array of posts such as this: #msg-130434330 Needless to say, the projections for the stock price proved to be somewhat optimistic.
That property is owned by Linda S. Rice who is presumably the spouse of Chip Rice, the person who apparently runs Carebourn Capital.
So 'twas once again much ado about nothing? So it goes.
The first person who suggests the decrease is because Christie Brinkley returned some of her shares to the treasury as part of the modified contract agreement gets a ICNB TRUE LONG bumper sticker.
I don't recall any contemporaneous verification.
I think this was the original source of the 917 million O/S number: #msg-133141912