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Would you promise everyone on on this board that if financials don't make a difference in the share value that you will apologize for getting it wrong? If this were to rebound to over 2 penny in the next couple weeks, I will have to admit at that time that I misjudged the market. But, most investors here with long years of experience have been saying this is nothing short of a scam, so I would rather trust them than Rich, who has zero credibility and no proven successful track record.
Excellent points, and I agree that this will have a difficult time -- short of an RS, to get back on track. Rich has put out more than a dozen news releases and PRs over the past year or so, and the share value has only gone down. Investors do not trust his intentions and like 99 percent of pinkies or OTC securities, the probability that this is yet another scam is real and the odds are stacked against regular investors to get a descent ROI for henceforth. I hope it goes up to at least .0060 after April 16, so folks get a chance to recoup some of their losses. Nothing Rich says has any credibility. Here's a sampling of his last few PR's and notice the captions! They were definitely intended to turn this around, and of course, we all know there was no fundamental positive effect on the share value. It's a bloody shame! Just like the broke lines, I use to separate each one, so has ICNB become a broken record, with only pie the sky and forward-thinking/leaning gibberish, IMHO. I too, wish everyone well, but if I were you I will not count on much from the pending fins.
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PRESS RELEASES
Iconic Brands Inc. (ICNB) Process from Vine to Marketing with Celebrities
Nov 20, 2017 (NetworkNewsWire via COMTEX) -- Iconic Brands develops products from conception to completion Pairs superior and unique products from around the globe with world-renowned celebrities to enhance branding Product offerings include Bellissima Prosecco and BiVi Vodka
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Iconic Brands/ICNB-Sales and Funding Update
Published: Nov 17, 2017 2:26 p.m. ET
AMITYVILLE, NY, Nov 17, 2017 (Marketwired via COMTEX) -- AMITYVILLE, NY--(Marketwired - Nov 17, 2017) - Iconic Brands, Inc. (otc pink:ICNB) Iconic Brands is pleased to announce that the company has more than doubled the previously announced purchase order financing to in excess of $650k USD with no equity component, allowing for continued growth, the company expects this credit facility will continue to expand with demand. Additionally and further to last week's update, as of today's close of business, the company has shipped orders in excess of $2 million USD for the year, and is confirming close to $1 million USD is now scheduled to ship before Thanksgiving.
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Iconic Brands/ICNB-Sales Update 4th Quarter and Full Year
Published: Nov 9, 2017 2:55 p.m. ET
AMITYVILLE, NY, Nov 09, 2017 (Marketwired via COMTEX) -- AMITYVILLE, NY--(Marketwired - Nov 9, 2017) - Iconic Brands, Inc. (otc pink:ICNB) Iconic Brands announced today that sales through the first 5 weeks of the fourth quarter are in excess of $1.25 mill USD and the company is projecting well in excess of $2 million for the fourth quarter. There are additional purchase orders in hand for close to $1 mill USD that are being shipped, with additional orders coming in daily.
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Iconic Brands/ICNB-Funding Update-Meet Christie at EHP Liquors at Costco Friday
Published: Nov 7, 2017 3:34 p.m. ET
AMITYVILLE, NY, Nov 07, 2017 (Marketwired via COMTEX) -- AMITYVILLE, NY--(Marketwired - Nov 7, 2017) - Iconic Brands, Inc. (otc pink:ICNB) Iconic Brands announced today a closing of $600,000 in funding, of which $300,000 was an equity financing priced at .0025 with .01 warrants for a blended cost of .00625. These shares were sold to three accredited investors, and are fully restricted non-tradeable shares for a period of two years. The additional $300,000 was purchase order financing with no equity component. The company is also working to secure a significant credit line with a top tier commercial bank, again with no equity component. The use of proceeds was directly for the purchase of additional product to fulfill demand.
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Iconic's Bellissima Prosecco and Sparkling Wines to be Available at Publix Supermarkets
Published: Sept 13, 2017 10:00 a.m. ET
AMITYVILLE, NY, Sep 13, 2017 (Marketwired via COMTEX) -- AMITYVILLE, NY--(Marketwired - Sep 13, 2017) - Iconic Brands, Inc. (otc pink:ICNB) announced today that Bellissima Prosecco and Sparkling Wine is now approved to be sold through the Publix Supermarket Chain, consisting of over 1150 stores. Publix is the largest employee-owned grocery chain in the United States, and one of the top 10 largest-volume supermarket chains in the country. Additionally, the company has been informed that Bellissima Prosecco and Sparkling Wine including our Zero Sugar will be the featured sparkling for Publix "Ad Week" 12/28 right into the New Year, featuring Bellissima prominently in all their circulars and in store advertising.
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Iconic Brands Letter to Shareholders
Published: Aug 15, 2017 2:08 p.m. ET
AMITYVILLE, NY, Aug 15, 2017 (Marketwired via COMTEX) -- AMITYVILLE, NY--(Marketwired - Aug 15, 2017) - Iconic Brands, Inc. (otc pink:ICNB) Issues the following Letter to its shareholders:
Dear Iconic Shareholders,
I want to first and foremost thank you all for your support and your help in making Bellissima a Nationally recognized brand. There is no doubt the shareholder base has been a force in getting the word out and helping the brand develop across the Country. The job of building a brand in the early stages of its launch is challenging at best, and not as black and white as one might think.
Thanks for info. Good job!
Wow, that's a lot. So Friday's sell-off was probably a combination of retail and more dilution?
Hey zeropt and anyone, those sells of 90 million and 49 million, do you think it was retail or MM's at work or Janon diluting this some more?
I know, and beyond the rhetoric, I am hoping this rebounds ..., but as you know in penny land, one has to expect the unexpected, and in this case, it could be a jump in pps, based on the numbers, or it could continue the free fall. April 16 is perhaps a watershed moment in the life of ICNB.
Man you are so right, she has not used her apparent star power to move this along. But, then again, she probably has become disillusioned on Rich's lack of business acumen.
Agree 100 percent, and of course there are no checks and balances!
I could happen right after fins are released. As a matter of fact it will be in Rich's interest to let this drop to .0018 which is the conversion PPS he negotiated with the debt holders.
I agree, and I hope he really load the next PR with a lot of forward thinking/leaning ideas so it can go up a bit to allow folks to exit.
I am not volunteering information to you. I will remind you when this hits .0009 -- just to make a point!
I hear, you loud and clear! This is really a letdown, and Rich solely and exclusively is responsible for this. Like I have said many times, this has evolved into the mother of all scams with Rich allegedly involved in organized nefarious activities.
Agreed! Many are banking on fins on April 16 to turn this around, but here's a reality check.
For the past year, Rich issued more than a dozen PR's and released three or four quarterly financial reports. They were designed to pump this up but nada. The needle did not move one iota. Based on that fact alone, it is almost a guarantee that the pending fins will have little or no effect on the pps. On the contrary, it may even cause it to dip to the teens since all confidence will be lost and investors will rush to get out.
Secondly, Rich has already announced that sales for the last quarter in 2017 were robust -- over $3 million in revenues. Even if this is accurate, it may not do much for the pps on April 16, since the increased sales figures have already been established.
Thirdly, I believe there will be NO audited financials on April 16, which will destroy whatever confidence is left.
Fourthly, any potential up-listing to QB may not happen for two to three months, and during this time, with sales possibly hitting their lowest levels in the coming months, and the SEC possibly acting on complaints that have been filed against the CEO/ICNB, this could be heading to the dump heap of history.
I like your optimism, but you may be in for a big disappointment! This has declined week after week over the past year, and if Rich were the CEO of a private company, he would have been fired for a litany of reasons -- not least among them, for running this into bankruptcy.
And, all that while folks have lost up to $100,000.00 here! And, you have no problem with that, right? But, what goes around comes around. When this goes to trips, you will have a different tune, I can guarantee that!
The math looks good, but the proof of the pudding is in the eating. I have been here long enough to know that you cannot predict Rich's next nefarious move.
How do you know what you claim to know about him and how do you know that he is not living a lavish lifestyle?
Check ....He charges shareholders for his NY storage space
Check ... He pays himself and his wife salaries of $250,000.00
Check ... He is holding on to 49 percent of the company as a sole proprietorship business (BiVI)
Check ... He compensates himself with almost $50,000.00 in travel expenses
Shareholders foot 100 percent of ICNB expenses and overhead, while only owning 51 percent of the business.
So what happen to the $600,000.00 line of credit that he obtained from the suppliers? Dilution has always been about Rich funding his lavish lifestyle.
Let's see what's in financials on April 16. For now, I will wait before hedging any bet on what the numbers will look like.
Check the quarterly and 10K fins for the past couple years!
No one knows for sure if the debt was converted, as per Rich's assertions! Remember we have not had audited financials to verify and fact check any of the previous subjective reports. He may have been lying and making claims that are just inaccurate, hence why he has been dragging his feet to get audited fins completed. Many here have come to accept Rich's PR's and fins as the gospel, but all pink sheet CEO's are just running a shell to pilfer people's money. Granted, ICNB has products, but the CEO, based on all his previous failures and scams, and $11 million dollars in accumulated liabilities and debt, could just be a hybrid of specific specie behavior.
Definitely, and hopefully it gets a new lease on life! Right now, it's on life support, and by April 16, the possibility exists that the tubes could be pulled and it be declared DOA!
You don't know what is in the financials, right? Only Rich knows, and it's possible the numbers will be way off. Just my conjecture, which is not different than what you are assuming here. Honestly hope they are good, for everybody's sake!
Quite possibly, but from a big picture perspective, it gives us an insight on the thinking of these market markets. Looks like they have zero confidence in ICNB!
Thought this was bad, but it's now looking like the final nail is being put in ICNB coffin! Either way, if is retail or debt holders clearing out, then they have opted to take what they could -- even before fins are released. Not looking good folks!
It appears someone just sold over 22 million shares. One brokerage is showing a volume of 24,970,350
I know, just to pay for some of Rich's expenses!
Wow, just as I said and predicted! This fell like a pancake again on a 50,000 trade! Investors just don't have any confidence in this anymore.
It could be all of the above, and some other surprises. Rich speaks from both sides of his mouth, and anything he says or puts out must be taken with a grain of salt. Yesterday's nominal increase was a flash in the pan, I will not be surprised if it falls back as fast at it went up! But, I wish those beating their chest about yesterday's 15% increase would prove me wrong by buying a few million shares today to push it into the 40's.
I agree, but who will do the firing ... I hope some brave person will step up to the plate and help do the firing. Like I have said, this CEO is a scumbag, a fraudsters, the lowest of the lowest and a disgrace to all other CEO's. He takes what is not his, and he covets other people's money. What an embarrassment he has been! This went from 0.0390 in less than a year to .0029 on Friday. And, some folks think this is normal. I guess for them, this is the new norm for a stock to decline by 92 percent, and still think it's good.
The way how things are going, man, you may be right with Rich inventing some lame excuse to try to justify why audited financials were not done. We know him too much!
More than dead, my friend!. This is more dead than the defunct Chinese space station (lab) Tiangong 1, that re-entered Earth's atmosphere Monday morning, burning up and splashing down in the middle of the South Pacific, going to a watery grave. ICNB is well on its way to crashing and burning!
very true, and looks like a red flag to me!
Another failed brand, is right! Like I said before, this is the mother of all scams. Please screenshot this for future reference in a court of law!
Absolutely, man ... I missed that one. Thanks for your keen eye!
Here are the most noteworthy lies in the last PR:
AMITYVILLE, NY, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce several updates and ongoing negotiations through the first month of 2018. First, the company AUDITS ARE IMMINENT. Did not happen!
LIE # 1
The company has been working diligently with the auditors, and will release the audits IMMEDIATELY upon completion. Did not happen!
LIE # 2
In concert with the audit completion the company is moving with our Legal Counsel TO PROCEED WITH THE UPLIST. Did not happen!
LIE # 3
With a record fourth quarter and a very successful holiday promotion campaign at Publix, we are now working with Publix on another promotion for THIS QUARTER. The company is very pleased with the sell through and looks forward to this continued relationship. Did not happen, as far as we know!
LIE # 4
The company has completed the design and bottles on the 375ML of Bellissima Prosecco, to be known as the “Bellissima Bambini”. The initial response from our wholesalers for the 375ML offering has been very positive. The Company anticipates the 375ml LATER THIS QUARTER with a formal industry wide launch at the 2018 National Convention in late April in Las Vegas.
Did not happen, as far as we know!
LIE # 5
The Company is confident this introduction of the Bellissima Bambini will bolster the brands “on premise” presence, i.e. restaurants, lounges, clubs etc.
The Company is also extremely excited about a new brand release that will be a “Hand and Glove” fit to the Company's Bellissima Brand. The Company will also be officially launching this brand extension at the National WSWA Convention in Las Vegas, This brand extension is something that management has been working on for quite some time and we are ALMOST READY for production. The liquid and glass have been sourced, production contracted, and final label designs ARE BEING COMPLETED
Did not happen, as far as we know!
LIE # 6
The company is also pleased to announce that negotiations to distribute the product in Australia and New Zealand are now with a world renowned company, and we are hopeful this agreement will be finalized SHORTLY and shipping will commence directly from Italy to both markets. Did not happen, as far as we know!
LIE # 7
Although forward looking and not yet finalized, the company is in talks with one of the largest and most prolific sales and marketing companies in the world. These negotiations are a “Work in Progress” but the Company is hopeful these negotiations can be FINALIZED SHORTLY and transcend the Company's sales further and faster as it will have a transformative effect on our brands route to market and support of the market placements. Did not happen, as far as we know!
LIE # 8
Lastly, we are pleased to announce a renewed focus will commence on BiVi Vodka. We are pleased to announce BiVi will be distributed in New York STARTING APRIL 1ST through The Opici Group. The company will be focusing attention on BiVi in four key markets, New York, New Jersey, Connecticut, (The Tri-State), and Las Vegas. Did not happen, as far as we know!
LIE # 9
The company will be working to significantly bolster sales of this Handcrafted Small Batch Sicilian Vodka with our brand partner Mr. Chazz Palminteri.
Mr. Richard DeCicco commented, “We continue to make great strides in building our company. I appreciate the many emails from our shareholders and can assure you our team is WORKING AROUND THE CLOCK to build shareholder value, and have several deals working that are in fact potentially game changing, I will do my best to bring this to fruition. Again I appreciate everyone’s patience and support.” Did not happen, as far as we know!
LIE # 10
Good point, and a year ago, I would have been inclined to believe that that could have happened. But, Rich has defaulted so many times that it is hard to believe even a word from him. But, your explanation does lie within the realm of possibility.
He surely got them good! and, a lot of folks have been pulled or swept away by his coattail!
Says Who? Those are not fact! Man, you are missing something here. Until they are verified, or can be verified, they are only forward-leaning statements by the CEO. They are NOT facts!
So, you telling me that Rich did not know he couldn't up-list to QB for the stated reasons? If he knew that, and still have been promising shareholders to up-list, then, it's till deceptive. right?