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Clearly you don't understand how business works...Companys are willing to sell at a loss in the infancy stages, so that they can more widely distribute and entice wholesalers.
BevMo who is the business knows this, and hence we we haven't received an update with that yet. BevMo wants the low price that other chains have received until now, but Rich is struggling to agree to those terms, as the losses can't go on forever.
Maybe I am wrong, but since we haven't received any information on price points, we are all able to speculate now.
She has the option to excercise a stock option, which would give her 1% of the outstanding stock.
Hard to say what shareholders will be getting, as that information hasn't been revealed yet. Hence why I say we trade sideways at best until we know more about profit margins.
It's one thing to say, we sold 7,000 cases for a profit, rather than we sold "x" amount of cases but at a loss.
What if they are losing money and we don't find out until the financial statement reveals all (provided the financial statements they produce are audited)....guess what will happen to this company then..shareholders will be ones to suffer and not Christie, since she got paid regardless.
If it were 10% off from the net, I wouldn't be worried, but the reality is it is 10% off from the gross. The only person to make money no matter happens is Chrisite.
Had she settled with 10% from the net, it would be much more encouraging, as her interest would have truly been aligned with shareholders then. The way it stands right now, shareholders have much to lose while Chrisite wins no matter what.
You can read this all for yourself within the latest disclosure from January 5th:
https://www.otcmarkets.com/stock/ICNB/filings
My thoughts exactly, if Rich chooses to keep shareholders in the dark about profit margins, then it is only logical to think we may be in trouble when the $19.99 price point needs to get adjusted down - considering that Chrisite gets 10% off the top-end as well, we may end up having to liquidate inventory at some point just to keep the lights on at Rich's villa. Selling a few bottles to shareholders is not a sustainable business model.
Our product is more expensive then most proseccos, so generating a repeat customer base is unlikely, especially if there are cheaper alternatives that taste equally as good, or if not better.
Don't get stuck believing the hype. Question everything and never take advice from a message board at face value, not even from me.
Everything most be taken with a grain of salt, and the longs shutting down any counter arguement is troubling to many. If the company is so great, you should have nothing to worry about.
Nice attempt at dodging the burning question; my question still remains though, why won't Rich inform or update shareholders on what the rough profit margin translates to for ICNB per each bottle sold?
I suspect that is a question no one wants to answer around here, because it's all a guessing game anyway, and all models that some call DD are based on industry standards for Blue Chip companies and the like. ICNB is not a Blue Chip stock, so all models are wishful thinking at best.
As we know the OTC is the land of the unknowns, and it would be foolish to trust anyone on here that purports to know what they are talking about.
If you want assign that disclaimer to me, I am fine with most of what you say...seems fair, as no one can know the day to day activity of any stock with absolute certainty due to the ever changing variables within supply and demand dynamics.
That said, everyone here is due for a look in the mirror if they consider themselves an expert on anything pertaining to a company they don't work for. Unless someone here works for Iconic, we are pulling at straws until more information is presented.
What is certain though, is that the market hates uncertainty, and my educated guess is that is why the price has been coming down lately. All news is already priced in until financials come out....numbers don't lie only people do. Sorry if that offends you, but I tell it like it is.
Timber!
Not breaking above .003 until the gap fills. Anyone else see how hard this sold off when approaching .0030 today?
Flippers are just teasing you to get in, but the ultimate destination will be precisely where the gap stands.
I agree, this will trade sideways at best until more of the inner-workings concerning margins, o/s, and financials are finally revealed.
If this is such a great buy, why is Rich keeping shareholders in the dark concerning profit potential? With a winning product, one certainly could add unspeakable confidience by informing shareholders, we make between "x" and "y" amount per bottle and so on.. Can the truth be that United Spirits (Rich) will make the majority of the profits being that they own at least 49% of Bellissima?
The market hates uncertainty, and this could sell off much more, if we don't get clarity soon.
You can only run a stock for so long with a pretty face. A day of reckoning comes to all.
True that, today had low volume and flippers with the capacity to put a million plus on bid stayed out. If anyone choose to flip, it couldn't have been more than several hundred thousand shares. I saw how difficult it was for me to sell 1 million shares, so I know what I am talking about.
The best chance of selling is when news breaks, like it did on Thursday. I saw that as my opportunity and I took it. By the looks of things, the market overreacted to the news on Thursday, and then sold everything off on Friday.
If we keep seeing million plus orders on the ask next week, we will dip precisely to were I predicted ( 50 - 60% retracement from high of .0320). That puts the price between .0120 and .0160.
Could I be wrong...maybe....but if I am right, longs will owe many here an apology.
Good luck to all next week.
I agree, anyone involved in high level business contracts would know that gag orders are signed to prevent dissemination of private dealings until they are made public.
They remain private until the transaction closes and money is within an escrow account whereby both parties satisfy their contractual responsibilities.
Deductively the price has been going down so market makers can fill AON (All or nothing) transactions not showing up on Level 2. They briefly showed their hand with the 8 million on the bid the other day.
If you follow the volume from the last few days, it appears that the 8 million order got filled by the market makers right under everyone's noses...only thing the price had to dip to .0060 first for the fill to happen. Intriguing that the price went back up and closed at .0070 by the end of the day...classic accumulation.
Some panicked and sold out, but for every winner there is always a loser. Big money understands what is about to come here.
I am going to be buying more Monday, as I was able to cash in decent profits from other stocks this week, and I am now ready to park big money here. I will be placing a multi million order, watch for it.
Well I guess you are not familiar with sulfites then....the bottle says "contains sulfites".. look it up
Wine makers are only required to print that message when they add their own sulfites (preservatives to the wine).
All wines produce natural sulfites from the fermentation process, but the difference is the FDA only requires wine makers that add their own sulfites to print that message when there are more than 10 ppm.
Seeing that sulfite warning on the bottle is a red flag for organic conscious wine buyers.
If it is truely an organic wine, why isn't it labeled as a no sulfite added” or “NSA” wine?
They claim that they have spared no expense, yet the fact that have added preservatives makes this wine less appealing to many, especially the granola crowd.
Those million share blocks on the ask were real. Pull up the time and sales report for today, and you will see that the volume on the ask far exceeded demand for ICNB stock... So much for the ridiculous calls that this was going to 5 cents today.
There is no denying it now, if this stock can't move on good news, guess what happens when bad news starts to come out?
What kind of bad news you say, that is just too easy to guess. Shareholders are always the first to suffer in these circumstances.
It's all in the latest 8k....just have to take the time to read it.
10,000 cases in the 1st year or Chrisite walks away....
Bellissima launched in April 2016, and we still haven't reached 10,000 cases with only two months to go before the year mark....scary stuff if you are long.
Because no one knows if this will even be around in a year from now. Rich has failed at everything else he has touched, but don't tell that to newbies, or they won't buy stock.
Also, Longs will not willingly tell you, but Chrisite has a right under contract to pull her endorsement should case sales not reach the predetermined target on years 1 -3.
For now, I will flip this stock....and many will do the same. No real investors here, just pumptards regurgitating the same old posts, and people are starting to see past the hype.
I never said going under 2 cents the same day. There was a good chance yesterday, but news saved the day.
What will save the longs now though?
No news coming out for at least another week or 2.....and it appears yesterday's news is not getting people excited... the sluggish volume tells the tale.
It's only full of cash if you sell at the right time. OTC is infamous for taking all paper profits away from so-called investors.
Good luck with the bag though.
The market doesn't always move like we like.
Some see this news as a chance to get of their paper profits and secure cash profits.
IMO, this does not end well today....Many are expecting this to break 3 cents, but when it doesn't, the selling will be hard and fast.
Get ready for the drop....Don't get giddy yet...the drop starts now.
Any smart trader would have sold at least half at .005....why not gamble the pump and dump for free?
Now stop losses bleed it to .0016 minimal due to the gap in the chart.
Paper profits are gone. Poof.
Americans drink beer and whiskey and the occassional scotch...better luck with selling Bellissima in europe next year.
Expensive yes, risky yes.....but no risk no reward.
Only thing that made it less risky to short was the gap in the chart. Gaps are filled 93% of the time statistically....so my odds were good with this considering the volume that got sucked in.
To be fair, I called the dip in ICN$ just the same...That stock has been bleeding for days and today's news didn't help much
You have a lot to learn....here read it where it says that OTC stocks be shorted:
http://www.otcmarkets.com/learn/otc101-faq
Hint, it is called a Goldman account.
Good luck tomorrow.
Because I shorted yesterday bigly and I need plenty of buyers at the gap to cover
The flipper mentality....only that strategy is dangerous when everyone is trying to do the same thing.
No investors holding means pump and dump to me.
It was pumped and now it dumps. Story of the OTC. .
.005 is long gone never to be seen again.
Shorting to the trips is where she slips.
News flash, when you are told "putting things together" that is code for we will sell plenty of shares to cover all our expenses for an Africian safari on shareholder penny.
Only if you sell in the a.m.
Paper profits burn up fast in the OTC
Gap will fill in the a.m. and stop losses will set off more selling....Tomorrow will tell the story: "Pump and Dump Africian Style"
No real products and marijuana hype all over again. Get out early before it is too late. IMO
3 days of dropping and this the best they could come up with... Management expects they will sell more shares now to ramp up production on the dime of investors..... hmmmm....
So United Spirits is the rights holder and not ICNB .
To makes matters worse, the trademark for Bellissimma was abandoned and Rich forgot to respond to USPTO. If you can't even get that right, how will you succeed with Bellissima, considering everything else Rich as touched has gone to dust. ....Limencello anyone...
https://trademarks.justia.com/868/28/bellissima-86828836.html
Thanks for the love, but you won't get rid of me that easy:)
Let's say that I will get involved tomorrow in a big way beyond anyone's expectations;)
You guys got a lucky break with there being news today (myself included, as I had shares for sell that went for higher than .0250 after the news hit).....yet don't count all chickens because this didn't break the resistance at 3 cents, even with today's news.
If she can't break three, she will fall like a tree.
If today's news can't get it over 3.... look out below. IMO
Interesting that we had 3 attempts at breaking through 3 cents and we got rejected each time. Shouldn't such big news have made more of an impact....not when everyone knows buy the rumor sell the news.
The longs that bought in the trips want to unload here without everyone knowing about it...shhhhh
Classic Pump and Dump... Thanks for the news, I was able to sell my million shares for more than I thought they would go for.
.0280 is better than .0250 ... 3k more for me....now I can buy a lot more beer.
Alright I am with you long, I want more for my shares now
Here goes my mily for sell. Classic buy the rumor sell the news.
Buy the rumor sell the news.... Timber.
"You can fool some people sometimes, but you can't fool all the people all the time".
There is more drop ahead...stay tuned
We have already had more news than we need... and the BevoMo and California thing is all priced in...no matter how you look at...buy the rumor sell the news will happen here too.
For consideration, our previous high before the run-up was .0195. Now if you look to where it retracted to (.0080) you will see that Fibonacci sequencing called that drop too.
I will take my chances based on math rather than what pumpers on a message board tell us to do.
Everyone should know that stocks usually retract 50% to 61.8% (Fibonacci sequencing) from when a high is made.
So the math is not hard, high at .0320 minus the above percentages equals a drop to the .0124 -.0160 range.
Watch and learn.