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Those could be genuine, but institutionalized trading is complicated. I know some brokers or market makers often collude to execute a trade. One will sell and another will buy the same amount but in actuality nothing is changing hands. It is called manipulation.
These could be fake bids. Some folks like to play games and I tried it once. You simply put in a large bid at several points below and just move it lower from time to time or cancel it outright if you think it might get filled. This 30 million or 100 million may or may not be genuine or serious bids. Just my opinion.
Yes indeed! The bottom is falling out now. Giddy up!
Very slick, but unethical, if you ask me! Is this tantamount to fiscal/financial structuring? It's probably an example of the old adage "Robbing Peter to pay Paul."
The first iteration of the Publix roll-out did not move the needle up, and actually, ICNB has continued to lose market share with many distributors dropping the products. I believe ICNB has had its best days already and Q4 of 2017 will most likely be the best the company ever accomplished, IMHO.
Totally agree! Less than $100,000.00 sales in Q1 of 2018 was an embarrassment! The fact that ICNB had sales of over $3 million in the fourth quarter of 2017 and followed up with an 80 percent drop in sales in the Q1 of 2018, shows lack of patron satisfaction and brand loyalty. A product with wide appeal should have had at least a significant carry-over in the next quarter. That $60,000.00 plus in sales tells a lot about what's going on with this company. I anticipate that sales for Q2 will be about $50,000.00 and for Q3 it might nudge up a little to about $100,000.00, given the trend. Regarding the the true ownership of ICNB, I completely agrees with you. Rich only owns the distribution component and the warehouse for the business. The brand is owned by CB and the production is sourced from Italy. The bottles/labels for the last two products, that were recently showcased in Vegas, looks more like a local drink, street vendors sell in a third-world country, using recycled booze bottles. I recently bought some local drinks at a street market in South America and, there is no difference in the presentations. As a matter of fact, some were more attractive that CB's latest product roll-out.
Agreed!
Just a pack of lies. I wonder if Richie boy is not embarrassed to read his own PR's and see how nothing he said has materialized. Then again, we know most of what he puts out is pie in the sky -- forward thinking hogwash.
I like your optimism, but if history is any guide, I will not hold my breath on that. But, if it were to happen, it will be good for shareholders who have not had any ROI and for many others whose investment in ICNB has depreciated by 90 percent over the past year.
Agree that this is not going to see a penny for a long while, perhaps not until a RS or a buyout. Sales of $10 million also is unlikely -- at least, not in the next three years, until products are well established and entrenched internationally. For now, shareholders who bought in at over half a penny are going to stew and burn in the hot summer solstice, courtesy ICNB and Rich. Here's the litmus test: The best quarter in the history of ICNB was Q4 for 2017, and what was the net effect? Nothing, NADA, zilch ... so, draw your own conclusion!
Yep, definitely volume has been robust. But, with over 17 million buys, why is the share price basically stuck in the 30's -- where it has been for many weeks? Something is amiss with this calculus, IMHO. Normally, in pinkyland, when you have this much buys, compared to sells, the pps would respond with a corresponding increase of say 20%. In the past, even with ICNB, there was always a nice increase in pps when there was that level of volume in buys. But, not anymore!
Man, you are so correct! $62,000.00 in sales for an entire quarter shows no consistency and momentum in demand for the products. Even before all the hype, roll outs, PR's and international marketing blitz, the company did better in Q! in the last couple years. Something does not add up, IMHO. I plan to keep my few million shares and just forget about them for a while. I would check in periodically and see how it's faring. GLTA.
You are right! Rich is paying himself handsomely on the backs of shareholders. This deferred salary idea that he has referenced, repeatedly in fins, is a structural cover-up, in accounting terms. Another point, is that Rich also pays himself for storage space. That being said, it appears, ICNB sales have become seasonal with the only significant demand for the product being in the fourth quarter. Where is the bounce that 10K, Las Vegas convention, Q1 was supposed to bring? Barring a buyout, or an RS, this is doomed, IMHO.
Very scary in deed! This is a big disappointment to say the least, and I know, even the most vociferous and ardent supporters of this pos, must be feeling crushed by such poor performance.
Totally agree! But, I would add that there is a 50-50 chance that this will never ever get back over a penny. There appears to be a serious trust deficit factor with big investors not inclined to put big bucks into it.
Absolutely correct! Even with audits and Vegas pitch and roll out of new products, this is still lingering in the 30's. Didn't someone post this morning that 50's were on tap in the first hour? I am still waiting to see that happen.
You are right, multiple promotions and PR's and marketing expansion, and the sp has declined by 92 percent since a year ago.
Rich has misled shareholders on debt settlement. That's why he could not put out audited fins. There would be too many fiduciary discrepancies IMHO.
Very true, my friend! This week was touted as the take off point, right? Same-old-same-old, with interest in ICNB sinking to an all time low, IMHO
Agree 100 percent!
Definitely, brojazzy! It is pathetic and what else can we say, other than wow!
Good points! With eight previous failure, Rich does not know how to run a successful business. He is either inept or good at scamming investors!
Agree with your post, Oops! Funny how this has diminished in stature with the only hope posited on a few big slaps ...
Absolutely! And, notice how it's trending downward today. Love It!
I normally don't respond to hypothetical questions, but you bought in in the 30's so ROI is slim, if this turns out to be a disaster, here on out! . I bought in at .0002 and made a lot of money! I am the only one remaining here who I believe still have some remaining millions worth thousand's of percent gain if I were to liquidate my remaining shares. I could never lose on this. Well that's good investment strategy right? Buy very low and sell very high, unlike buying in at 30's and get stuck in the 30's. MOT Me! Personally, I think the train left the station with this one last year, and ICNB has been left behind! Feel bad for folks who bought in in the 30's, 50's, 70's a penny and even 2 plus pennies.
Good one! I guess the negotiations with himself is stuck with no evidence of progress. Let's wish him well!
This does not have any holding power! It will drop right back to low 30's and then to 20's in a couple weeks, IMO. Rich has done nothing to give momentum to this pos. He is a fraudster and a scammer and the only thing he good at is pilfering people's hard earned money. If I were grading his performance, he will get a failing grade for not growing the company from a share value and investor's perspective, an F for not following through on acquiring the balance 49 percent of the business, an F for not completing audited financials; an F for nepotism -- lining the management team with his family and close friends; an F for recklessly wasting and spending investor's money; and of course the biggest F for having 8 other failed businesses on his resume. But, then again, knowing him, he would delete those from his curriculum vitae. Bottom line, Rich is a miserable failure and ICNB is doomed!
So right, my friend!
Rich + ICNB + United Spirits = Mother of all Scams!
You say next week, I say never! I belivee Rich has too many skeletons in the closet yo protect/hide, so I will be surprise if he ever releases audited fins now. But then. again. he might pass money under the table to have them doctored!
Man, you are hitting the nail on the head again! No one can disagree with your reasoning, if they have an ounce of objectivity. It does not take a rocket scientist to figure out that Rich is playing games. He promised "imminent" audited fins almost two months ago, and then we get zero follow through. He gets a failing grade for trustworthiness. Then, he puts out un-audited fins the eleventh hour to avoid having a STOP sign placed on ICNB. Now, isn't that code for saying there will be no audited fins this year? Commonsense tells us that it will be ludicrous to release un-audited fins and then follow-up with audited fins ... Males no sense what so ever, but it's a good thing a few of us here are up to his perennial tricks, and know what he is up to!
Thanks for the additional details. I do believe Rich has been adding new shares (diluting) to cover his expenditures since last year, and based on the un-audited financials, a significant number of shares were converted each month for the past several months. However, until audited fins are, one day released, we will never know if he has taken on additional debt over the past six months or so. Very possible, and besides, if he decides to take his "deferred" salaries anytime soon, at least $500,000.00 will have to come from some where. And, of course, the limited cash on hand from the fins, will not be enough to service that liability.
OS has been going up at an increasing rate since last year. It went from about 800 million to over 1.2 billion with at least 600 million shares still to be added from pending debt-conversion. This is a fact, and cannot be disputed!
They are wrong, and we know that! The truth will soon be revealed, IMHO
You want a million of my "free" shares? I could donate it to charity!!!
Very true, Rich is silent when it is convenient. How about the other 400 million shares that are in the process of being converted to debt holders?
So what, I I don't need the money!
But, then someone can step up to the plate ... start a radical revolt, and do the next best thing ...
so you say, but it only takes one brave soul!
He has done nothing for shareholders since last year! This had degenerated to almost nothing under his watch, and in a long time ago. There are many cases when disgruntled shareholders took matters in their own hand, and today those CEO's are no more! If I were Rich, I will not sleep well at nights, knowing that there are hundreds of disgruntled shareholders that he defrauded, and the clock might just be ticking closer to doom's day for him and ICNB. You copy?
And, it only take a few brave souls to settle this score in the most dramatic way ... by petitioning the SEC/FINRA!