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This company owned 51% of the brand as of 12/31/16. That is the percentage of Bellissima revenue that would be reported on their year end. They would not include brand revenue that goes to some other entity or individual. Nor would that other income be income to this company. Of course that would change if this company owns 100% of the brand.
ICNB
You are actually very funny tonight yourself. But please stop handing Rich cheeseburgers. Christie has been turning him vegan. I heard he's been eating hummus and kale and sipping on Sugar Free Bellissima.
ICNB
I disagree. I think the Bellissima revenue shown on ICNB's financials is revenue attributable to their 51% share of the brand. These numbers will increase if we acquire 100% of the brand. It's only gonna get better.
ICNB
Sweeeeeeeeeeeet!! Bellissima!
ICNB
Thanks for sharing. This leads further credence to the idea that the shares traded for debt are restricted.
ICNB
I always figured that she had smarter lawyers than Rich. Ha ha.
ICNB
They were banging us for 12% interest. Not good. Don't forget that you're looking at a financial as of 12/31/16.
Are we alive? Seriously? We're already generating serious sales. This is just going to keep getting better. Good times ahead!
ICNB
They chewed off their arm to get out of the trap. :)
ICNB
Total shares outstanding: 849,242,405 as of: April 17, 2017
https://www.otcmarkets.com/financialReportViewer?symbol=ICNB&id=169767
Those new shares have to be restricted.
ICNB
Somewhere is a kick ass logistics company. They’re busy as hell and the phones keep ringing as they arrange loads and drivers at a furious pace. They’re hauling cases of Bellissima from the importer and then on to the distributors who have to deliver them to all the retail stores and restaurants. It’s crazy. But PEOPLE WANT BELLISSIMA sparkling wine and THEY WANT IT NOW. Immediately! Pronto! Especially the Sugar Free! No one can keep it in stock!
*fade out*
*fade in*
Across the country, a Yale educated attorney gathers his staff again in the conference room to discuss his meeting with the investment bankers. One group has been reviewing and editing the contracts for the lawyer. The other group has been working to assist Rich with all the government red tape. Everyone shares their progress and there’s a group discussion as they plan their next moves. It’s Tuesday night and, even though everyone is exhausted, tomorrow is a big day for the brand. The attorney praises everyone for their hard work and dedication. Suddenly beautiful crystal wine glasses and chilled sexy bottles of Bellissima appear.
I stand there with a smile on my face as I hear the group congratulating one another on their success because now I know that this is gonna be HUGE.
*fade out*
*fade in*
Somewhere in the Caribbean, a group of lounge chairs sit empty on the sand as the occupants frolic in the water. The sun will be setting soon. Fresh lobsters are ready for the grill. There’s a lovely table set with crystal, china and linens. Someone is lighting the candles as they open the chilled sexy bottles of Bellissima sparkling wine.
I hear the laughter as the group toasts Iconic Brands for their good fortune.
*fade out*
Absolutely all true. Very little debt actually left. Nice post.
ICNB
Nice post.
ICNB
Notes payable and accrued interest totaling $892,721 were satisfied through the Company’s issuance of a total of 482,926,829 shares of its common stock. We do not yet know how trading of these shares may be restricted. They had not shown up in last report from T/A. I imagine we'll get some news about this arrangement.
We haven't heard the details of the debt agreement yet. I would be very surprised if the deal did not come with restrictions on the stock. I imagine we'll hear about it soon.
ICNB
Why are some folks here acting like today was the first time they’ve heard about the debt? This is nothing new people. This has been an issue long before the launch of Bellissima and, in order for this company to move forward and become profitable, it had to be resolved. I’m pretty sure we all knew that Rich was negotiating the debt. Wasn’t that in a couple of PRs? Did you think he was going to trade these guys cases of wine?! If so, you should sell your shares first thing tomorrow and go consult with an investment adviser immediately. Have a Bellissima day!
ICNB Choooo choooo!
$363,219 in gross revenues for only a few weeks in December.
On March 28, 2017, the Company executed a Settlement Agreement and Release (the “Settlement Agreement”) with 4 holders of convertible notes payable and accrued interest totaling $892,721.
https://www.otcmarkets.com/stock/ICNB/filings
This week's score in Whoville:
Bellissima 8 bottles
Limoncella 0 zip nada zilch
Go ICNB!
Yes! Yes! Yes!
ICNB
Well thanks for stopping by! Have a great weekend!
ICNB
In all fairness, I left an uncorked bottle of Bellissima Brut in my refrigerator. Two days later, it still had bubbles. I interpreted this to mean that we have a very fine product.
This week's score:
Bellissima 8 bottles
Limoncella 0 zip nada
ICNB
It was just too easy today. Thanks guys! XOXO
ICNB
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!!
ICNB
Thanks for your input. Good luck with your investment strategy.
ICNB
Looks like there's a train coming! Weeeeeeeeeeeeeeeeeeeeeee!!!
ICNB
Already grabbed some .0148s. Sell me some more! Pleeeeeeeease!
ICNB
I agree!
We Floridians love Publix. If you want to buy Bellissima at any of their locations, they will get it for you. This is very exciting. Good times ahead!
ICNB
I spoke to the manager at my Publix this morning. Apparently corporate has been hearing about Bellissima. I only asked for the Brut, but all “3 flavors” are on their way to my store. Woo hoo! Good times ahead!
ICNB
This may mean the company is getting groomed for a potential future buy out.
Somewhere is a kick ass logistics company. They’re busy as hell and the phones keep ringing as they arrange loads and drivers at a furious pace. They’re hauling cases of Bellissima from the importer and then on to the distributors who have to deliver them to all the retail stores and restaurants. It’s crazy. But PEOPLE WANT BELLISSIMA sparkling wine and THEY WANT IT NOW. Immediately! Pronto! Especially the Sugar Free! No one can keep it in stock!
*fade out*
*fade in*
Across the country, a Yale educated attorney gathers his staff again in the conference room to discuss his meeting with the investment bankers. One group has been reviewing and editing the contracts for the lawyer. The other group has been working to assist Rich with all the government red tape. Everyone shares their progress and there’s a group discussion as they plan their next moves. It’s Wednesday night and, even though everyone is exhausted, tomorrow is a big day for the brand. The attorney praises everyone for their hard work and dedication. Suddenly beautiful crystal wine glasses and chilled sexy bottles of Bellissima appear.
I stand there with a smile on my face as I hear the group congratulating one another on their success because now I know that this is gonna be HUGE.
*fade out*
*fade in*
Somewhere in the Caribbean, a group of lounge chairs sit empty on the sand as the occupants frolic in the water. The sun will be setting soon. Fresh lobsters are ready for the grill. There’s a lovely table set with crystal, china and linens. Someone is lighting the candles as they open the chilled sexy bottles of Bellissima sparkling wine.
I hear the laughter as the group toasts Iconic Brands for their good fortune.
*fade out*
Very funny! Christie Brinkley says that she hopes all our Bellissima dreams come true. Me too!
ICNB
Agreed!
GarVinos in The Villages received another shipment of Bellissima yesterday. They're now stocking all three expressions. Woo hoo!
ICNB
But you should be studying the Heikin Ashi chart for helpful clues. In addition, have you noticed the Ichimoku Cloud? I see only sunshine, rainbows and a small unicorn ahead.
CHARTING 101
ICNB
Weird. I called GarVino's Wine & Cigar shop in The Villages, Florida this morning. They had sold out of the Brut they previously had stocked. This morning they received another shipment. Now they are stocking all three expressions of Bellissima.
ICNB
No. You really don't know that. Where do you think they sell it? In the parking lot? Sheesh.
ICNB