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Isn't he getting like a $1 a case from his other company United Spirits? That's a pretty nice paycheck / benefit right there if they are doing anywhere from 6-10,000 cases a month. I'm sure he's not hurting for money.
Just because this is in a downward spiral because of dilution doesn't mean it CAN'T turn around. I'm trying to be somewhat optimistic because it's honestly pointless for me to sell at this point. For one thing, even if we hit 1 billion OS...it's not like this is the biggest OS i've ever seen for a company. There companies out there with no legit products and sales trading higher then this thing with 3X the OS. I think whenever this selling under the ASK ever settles down...aka dilution...we can finally rebound at some point. Not sure when that will be..but it's possible. The company has not changed, sales may be down for Q2...but it's not like they still don't have a great product and great distribution network going on that is still expanding. Right now we are in what...3-4 large retailers in a pilot/testing phase to see if the product sells? Let's just say 1 of them picks us up..that's ALOT of extra sales and distribution added. We still have 10 more states in the US to conquer yet as well as Internationally. We haven't even started selling in Canada yet..we just got approved. Has everyone forgotten this in their desperation and panic? I myself am not super happy with the CEO not explaining what the dilution is being used for or what is the cause but what can we do about it?
Let the selling under the bid commence. Just a normal ICNB trading day. SIGH!!! WTF is going on? Who are these people?
I would have to agree. How can he RS if the debts aren't converted? Wouldn't that technically screw over the debt holders as well?
Well that might explain the bloodbath we have been taking ...hopefully it is correct and the faster they are out of the picture the better in my opinion. It seems like this has been going on for weeks though? Maybe they were anticipating a loss in court..not sure. Either way it makes sense to me because it just happened out of the blue. So is it possible they can increase the OS to start dumping there shares?
Making stuff up like...?
It's obvious there is some serious stock manipulation and dilution going on here. All I want is answers from Rich himself of what he is actually trying to accomplish by all this dilution.
I was up last night thinking I wanted to email him about this and just blast him a new one for basically lying and saying he didn't dump any shares before earnings...which we all know is a lie. But I didn't.
Just saw it...I replied and asked which targets
Where did you hear this?
My thoughts exactly.
No..and I figured he wouldn't because I'm assuming he figures I'm just some dumb no nothing investor that doesn't do any dd.
Reply back from what?
I thought they haven't posted any since 2014?
Still not disagreeing.
Not disagreeing, just saying.
I'm very new to this company...like in I've never heard of it until the past month. I find it strange how often they tweet all these financial deals yet cant get there quarterlies in order? Fishy.
A reverse split doesn't anyways spiral out of control to nothing. Technically your $ current change. Now everyone panicking and selling all there shares after the fact will make it plunge. I'm all for a reverse split if it is followed vy an uplisting. If not, I don't see a point to it other than to dilute it all again.
Well one thing we can debunk is the email address I have is indeed rich since he did put a press release out hours after he emailed me back telling me that he was going to.
At this point I would think they have had to of convery shares with the weird trading patterns of this stock but I could be wrong.
It's not even the dilution I have a problem with, it's that Rich can't tell us where and what it is being used for. If its for marketing and shipping product and keeping distribution going then fine. If its because of the debt/note holders then fine...just tell us that. If its for paying for things for unrelated business expenses then that is a problem.
Well if they are a legit company with all this so called revenue how are they getting around government regulation by not filing their financials? Makes no sense to me. Hire a damn accountant.
It did, but can someone explain to me why they are not current?
If they are a major player, explain why they can't get there finances filed and in order?
How would we? Dumb fkkk rich doesn't put out important PRs like that actually updating his shareholders with important distribution information. All his company does is distribute...not sure why you wouldn't announce a major player like HEB? Dumb.
Pretty much!!!!
I do not believe it.
I replied back saying the TA confirmed.
Here's his repsonse:
Jason,
I am issuing a statement later. Do you REALLY think 63 million shares were DUMPED are you serious?
I think you need to wait for a statement later today from the company. I am shocked and appalled that you would think such a thing and you would be naïve enough to buy into the mistruths being spewed by people with obvious self serving agendas.
Very disappointing indeed!
Just emailed rich the following:
Dude what's going in here..please be open an honest with your shareholders. We got another 63 million shares dumped on us right before earnings report? Do you even care about the shareholders? We have dumped alot of money into your company and for what..we are down like 100% on pps the past month. I for one have lost 75% of my investment and am not happy along with many others. You owe us an explanation and now.
Jason Cosley
Someone email this clown and see what his explanation is for all this share dumping. This is pathetic, totally regretting this investment.
Why does there ALWAYS have to be a big selling wall at the end of the day???
The last like 4-5 PRs released the stock dropped.
Knowing this stock...news would make it plummet...LOL
Here come the under-cutting sellers out of the woodworks. SIGH
This happens daily more than any stock I have ever seen. Something is up with this...I honestly can't figure it out. Some shady people are trading this stock.
The share price is never going to move up if all these people keep selling under the ASK. Who the hell is dumping for such a low price? Boggles my mind.
Let's finish GREEN for once.
AWESOME NEWS! Too bad the stock still sitting there with no volume. LOL
Didn't Rich say a bunch of shipments were delayed in Q1 that should rollover to Q2 as well? I assume that will be added to the Q2 financials?
I don't think he can with debtors still holding, or am I wrong?