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Why does everyone continue to post DD about United Spirits here? WE have 0 indication that any of the revenues from these products will flow into ICNB.
That's all well and good, but these are all products of United Spirts, LLC. We don't know how much, if any, of that revenue is going to ICNB.
Didn't Sam Adams used to reward its shareholders with cases of beer instead of dividends? I'd welcome something similar! And some beverages up front before profits are being made wouldn't hurt, either!
I was referred here and I have a lot of powder. Someone please tell me why I should be interested in investing here.
My definition of "heavy" and yours may differ significantly. It is a subjective term. I still have a substantial investment here, but I have sold off a number of shares to take profits where appropriate. I can no longer lose money on this stock. If you did not do the same, you are not a very savvy investor to begin with.
Additionally, if your stake is as large as you claim, one would think you would be doing everything you could to contribute, rather than detract.
Because your whining is more productive than not posting at all, right? It's pathetic to see grown adults whining like grammar school children. Have some dignity.
How about instead of ranting and whining, you actually do some leg work and contribute to the DD that Stim has done, if you have so much time on your hands. Call/Email the IR. Do something constructive to help better your investment.
I agree that the IR company has been sub-par to date. IR 101 states that you should not be giving specific dates unless you are 100% certain you can meet them. Between this and the misspelled/grammatically incorrect, unprofessional sounding emails, I believe Richard should be shopping for a new IR. However, if he has his head down in the weeds trying to revive his company, this may be a bit lower on the priority list (or he may have personal reasons for sticking with this IR firm).
I am invested here. Not heavily, any longer, but I do have an interest here. I got in very early and was pleased with some of the DD that I've seen. I have already taken my share of profits and maintained a long position as a bonus if the company were to take off, which I still believe they have the potential to do.
Furthermore, these guys are not selling a service. They are selling a product. Much research and work must be done with regards to product development, the actual distillation and bottling process, staffing and onboarding of new workers, marketing, distribution patterns and supply chain management in order to operationalize, to name just a few of the considerations. Again, there are many dependencies here, and many things that simply cannot be done overnight. One cannot just magically flip a light switch on and have the company back in production in a few weeks.
I don't have nearly enough information about this company nor is my area of expertise in the Beverage industry. I cannot give a timeline that would be any more than a complete guess. I work in the FS industry. I know enough to understand that these things cannot be forced and there are external players (the auditors) who, quite often, engender significant delays. Especially when the initial auditor was let go and a new firm was brought it. The new firm WILL NOT simply take the initial auditor's word for it. They will review ALL past and present financials before the partners are comfortable enough to sign their name to the filing. It is their livelihood at stake if they sign off on financials that someone else audited and they turn out to be fraudulent or materially incorrect.
Just curious, how many of your own businesses do you run? How many have you brought back from Bankruptcy? Please let us all know your definition of a valid timeline for a "competent" company to come back from bankruptcy, acquire or create new products, and operationalize them, based on your vast experience?
You are talking out of your ***. It has been a mere 5 months since the company was reinstated from bankruptcy. If you don't have the stomach for it, get out. By constantly talking the company down, you are only hurting your own cause. Anyone who might have been interested will find this board and read all the negative garbage you and other weaktraders talk and shy away.
I am a management consultant. I deal with things like this all the time. 5 months is NOTHING, especially when you are dependent upon external auditors.
Is there a particular reason you continue to post here when you supposedly have 0 faith in the company? You come across as completely pathetic.
How many times are you going to change your opinion? Every other post has a completely different viewpoint, from "the sky is falling" to "we're gonna be rich!"
They're not actually one in the same. A company can be labeled as "No Information" without having the CE label.
Obviously you do not know how accounting/auditing works in the real world. I worked for one of the Big4 and even with the big name auditors in there, we constantly had clients who were weeks or even months behind on their scheduled filing dates.
Rodeo is on there as well. Search by "United Spirits"
Confirmed by whom?
What "delay"?? They said 9/30. It's 9/20. www.dictionary.com
From their July 25th PR:
From their July 25th PR:
While the spreadsheet is a good idea, I highly doubt it's accurate/everyone is being honest about their position. If you wanted to validate the numbers, I would require a screenshot and only add those #'s that have been verified.
Can't speak for the validity of his other posts, but he DID post the pictures, here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79046416
Just slapped the ask for an additional 5k shares.
SBCO could break out big with some volume here
The amount of money you make selling a large block in smaller chunks and running up the price with each far outweighs the paltry $5-10 brokerage commision per trade.
We have pictures of Richard with Danny DeVito looking much like you described. However, it can't validate your claim either way as we have no way of knowing if you'd seen the photo. I'd like to believe you, however
Read my response to Flex. I'm aware news is out. It doesn't change the fact that this "mod" has been spouting bs for 6 weeks, saying news would drop every single day and that he'd be adding hundreds of thousands of shares daily.
I'm aware of that. This kid had been saying "NEWS TOMORROW $$$@!!~" everyday for about 4 weeks prior to news actually dropping. He also continually states he will be adding hundreds of thousands of shares everyday when in reality the total volume for the day is lower than the number he says he would add himself.
You have been saying things like this, saying news would be out everyday for weeks and weeks. Stop spouting BS. Seriously, how is this kid a mod?
This is not the correct United Spirits. The URL you are looking for is http://sanddollar.ws/
FYI, it looks like the company description on Bloomberg has been updated. It now reads:
"Iconic Brands Inc. operates as a distributor for domestic and imported beer. The Company markets its products in Western Long Island, New York, United States"
You do not know that news will drop on any given day, and you keep making false promises to the board members that news will drop on XX day, and it never does. And then you just come out and say it will drop on another arbitrary day that you made up. As a moderator, you should not be disseminating false promises and rumors to the board.
I replied to the email in which I was told they expected filings by the end of August asking for an update. I have not yet heard back. This is going to be another missed deadline, imo. Not pleased
Here is Danny DeVito on "Inside the Actors Studio" talking about his Limoncello and dropping DeCicco's name:
http://www.bravotv.com/inside-the-actors-studio/videos/danny-devito-limoncello
I still don't understand the connection (or lack thereof) between the Iconic Brands in CA (apocalypto, flashbang etc.) and our ICNB. The archived version of the website is clearly our ICNB. However, this same URL today is for the CA company which claims no affiliation with ICNB. Did they bogart the Iconic Brands name when ICNB underwent BK and steal their URL? Something doesn't add up.
Yes I'm very current with the DD being done, it was just odd information found on a number of sites besides the one I listed. Why would the marketwatch info say it USED TO BE an alcoholic beverage company but is now a grooming service? Wouldn't it be the other way around, i.e. is USED TO BE a grooming service but is now in the alochol business?
It's probably just incorrect information but I just found it weird. And don't worry, I am still sitting on a large pile of shares that I'll be holding.
This is a little concerning when you couple it with the company description from E*Trade:
"Iconic Brands, Inc. (Iconic Brands), formerly Paw Spa, Inc. is a development-stage company. The Company is the owner of self-developed alcoholic beverages. The Company imports, markets and sells these beverages throughout the United States and globally. On June 10, 2009, the Company acquired Harbrew Imports, Ltd. "
..Formerly "Paw Spa, Inc."??
I hope they're not getting ready to turn this back into nothing more than a doggie day care..?
I am still banned from the ICNB board for my comment about CJ, but I wanted to post an interesting thing I found on Marketwatch...the company description for ICNB currently says:
"Iconic Brands Inc. provides mobile grooming and spa services for cats and dogs. Its services includes bathing, hair cutting and styling, brushing/combing, flea and tick treatments, nail maintenance and beautification, ear cleaning, teeth cleaning, hot oil treatments and massage. Iconic Brands was a brand owner of self-developed alcoholic beverages. The company was founded on October 21, 2005 and is headquartered in Lynbrook, New York. "
...wtf?
Reached out and received a response regarding N-2 filing status...here is the response I received:
"Thank you for your email. We are in the process of finishing our due diligence on the rest of the companies to be added.
There are so many inquiries as to how a company could participate, that we are going crazy . The truth is that we have our companies and that we are not taking on many more.
So to answer your question, we are also interviewing Registered Investment Advisors and once all of these tasks are completed, we will file. Our goal is absolutely by the end if August if not sooner."