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Barchart.com now recommends ICNB BUY!
https://www.barchart.com/stocks/quotes/ICNB
It's $1 per case. CEO revealed this long ago.
No. Not related at all.
I don't know where you do business, but I've found no problem getting interim loans against P.O.s and AR. Inventory? Nope.
Of all the things I've read about Form T Trades, none link it to dilution. This seems like a fairly clear description:
There is much confusion and rumor regarding “T Trades” in the penny stock market. Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade.
To understand how this trade works, one must understand the role of the market maker. The most frustrating aspect of investing in the pennies, is market maker manipulation of the stock price. Anyone that claims this manipulation doesn’t happen truly does not understand the OTC Market. Market makers are in place to “control” the price of a stock and, theoretically, to ensure that the market reacts properly to supply and demand for a certain stock. Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors or the market makers themselves. After all, they are in business to make money as well. If the average investor is purchasing stocks in the OTC Market, that investor is truly at the mercy of the market makers involved in the purchase and sale of that security.
When researching this article, The response from the SEC defined a “Form T Trade” a “trade reporting form used by broker-dealer members of the Financial Industry Regulatory Authority, Inc. (FINRA) to report equity trades executed either in the OTC market or during extended hours trading. Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” The response also recommended contacting FINRA. Notice the first portion of the response. “either in the OTC Market or…” Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.
FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)
Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.
After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
Penny stocks are an exciting and lucrative business. As most everyone will tell you, it is not for the weak of heart. There is definite money to be made in the OTC Markets and more penny stock millionaires are made every day. But the best way to win the game is to know the rules!
One additional fact surfaced about market makers while researching T Trades. Did you know that market makers are not required to honor their offer price? That is correct, because the OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the market maker can, and often does, decide to rescind the offer, not sell the security and adjust the selling price.
All sorted. Not every glitch is a criminal conspiracy.
Again, please provide proof, not conjecture, that the TA received specific instructions from the CEO
I am asking for specific proof of this proclamation, i.e.: that the CEO has specifically gagged the TA. Whatever was posted a month ago is not relevant to my request for specific proof in this instance.
Proof please.
This is so two days ago... I brought it to the CEO's attention that the TA replied they weren't able to give the OS at this time. Rich said he'd resolve it asap. More than that, no one knows.
Henry Wine Group is distributing in CA to cafes, bars and restaurants. It's getting around. Response is good and growing.
This is increasingly more important - especially with the consumer base that is rapidly growing. They want healthy. They want fun. The want light. And they drink it with lunch/brunch AND dinner.
I've had private tasting parties with friends I trust to judge wine - some professional, some just lovers. At two occasions we've done a taste comparison at a trattoria in SB that sells a lot of prosecco. I've read a few reviews, and they seem to support the consensus of my informal experiments. I'm certainly not going to argue the merits of this product. I've done my DD, including 1st hand tastings and that has satisfied my requirements. I am an investor here. If you don't like the product, don't buy it or the stock. Seems simple enough
This was verified last week by several people. Good Prosecco averages $20. Mediocre prosecco sells for $10-12. By all accounts here in SoCal with people I trust and publicans I trust, this is a very good prosecco, with the Rose bordering on great. I guess it just depends on your measure of "good" - highly subjecting at best..
If there's so much dumping, why can't I get my buys filled?
Sell! Sell! Sell! This is doomed!
...and I need my buy orders filled. Thanks for your support.
I felt guilty picking the low hanging fruit. But not too guilty. Thanks for shaking the tree. These prices are a gift.
It could be THE premium brand. It's very well priced and leads all others (that we've tried) in this price point for quality.
No. It's not Amazon. It's more than one big box. and more than one smaller box. Amazon does not require an approval process. Anyone can sell most anything on Amazon, you just sign up and clearance is usually granted same day. I have products on Amazon, but will not let them handle fulfillment due to high damage ratio.
Truth! I had the opportunity to run a large project that I had created. My time investment would have been over 80 hours a week for over a year. I usually get paid well for producing projects I create. The investor wanted me to defer all salary, to show I was truly invested in the success of the project. I asked why he would want someone in charge of millions of dollars, making day to day decisions, when that person would be at a loss to provide a living cash flow for his own needs and his family.
He could't answer that and neither could I. Yet it seems many people expect that in return for their pennies.
In America, you actually get paid for your work. Usually, anyway.
Check the facts, as stated in the financials, readily available at otcmarkets.com and other places. Rich's salary if $150K per year. Per his PR's, he has deferred that salary.
How much more modest do you think it should be? $0. is a bit below minimum wage. Does that not qualify as good faith effort to make a success of the business?
I agree. Fair and reasonable would be appreciated.
Southridge, who's debt has been settled, has a play here? Do tell.
Correction. Rich's salary is $150K, the other $100K is for his marketing associate. There are those that think she should not get paid because they think she may be in a relationship with Rich. That's some real progressive thinking.
We'll said
In what universe is paying a CEO 150K/yr an unusually large sum? Novice, inexperienced first time out entrepreneurs make that and much more - paid by the investors in the company. Why do so many bring up his salary - which is deferred - as unreasonable or excessive? I pay my director of marketing in a startup much more than that.
Most savvy investors want their CEO focused solely on growth, sales and development, not wondering how they're going to pay the rent.
Successful people will universally agree that their greatest success came just after their greatest failure. Success is lauded and revered in the US, but failure is just as important. Most important of all is the perseverance to learn and grow from the experience of failure. And not listen to those who predict your inevitable doom. Rich has been through it all and has persevered. We're fortunate to benefit from his failure and share I his success.
BELISSIMA PROSECCO AT TRADER JOE'S. Anybody live in an area served by Trader Joe's? I do 95% of my shopping between the farmers market and TJ. Wouldn't it be convenient to get your prosecco when you're picking up the burrata and basil? Tell the store manager. I did and he said prosecco was their largest selling sparkling wine by far. I mentioned it to our CEO also. Maybe we all should.
LCBO approved Bellissima for sale, but set the start date for Q1. I'm not sure anyone knows the reason. It came as a surprise to the CEO. Expect Q1 to quadruple Q4 17
I'm sure I could give several speculative reasons, but not being part of or privy to the deal and inner workings, that's all these scenarios would be - speculation. But based on my own business experience, I don't automatically assume everything I don't know is a scam, fraud or somebody out to do me harm. Life's too short and those sort of approach does not make for sound business experience. I understand you have an axe to grind, I'm just not going to help you.
What he's referring to is the long known and disclosed information that Bellissimo Spirits LLC (Controlled by Mr DiCicco) owns 49% of the brand and product. ICNB owns 51%. The Mr DiCicco has stated in filings and PRs that ICNB is in the process of obtaining the other 49%. He has also stated in a PR and reiterated in communications that Mr. Bianco is spearheading those proceedings and the details are being worked out. What does that mean? How will he be compensated? When will this happen? We shall see.
Better yet, check the more recent financials that show the Southgate involvement as having been paid off. Quoting 2016 in Q3 2017 isn't quite fair DD. I also can't seem to find the connection you've reference between Bellissimo Prosecco LLC or the many Bellissimo LLC nationwide and the execs you're stating are linked.
Please clarify. and please use current information. It makes your case credible if it's current.
Better yet, ask him directly. You asked me a question, I answered with my experience. Now go have your own experience.
I'll speak for myself, thanks, using the words I choose.
With you all the way
Everywhere I go, I hear the same thing! My friend at Trattoria Victoria says it's now outselling his original premium prosecco. People love it in SoCal. His prosecco sales have quadrupled in the past year. It's on fire!
You got a problem with women and 63 year olds? Or just 63 year old women?
You're going to have to explain that nice and slow, 'cause I don't see it from the SEC and OTC filings.
Coke is not an alcoholic beverage. It's also had over a century to grow the brand. Let's all keep it real here. Exposure of the level of a Moet or similar is a more reasonable goal. But it won't be next year. But I like your enthusiasm.
Easy now, Doc. We're a ways away from $1B buyout. Even Clooney didn't really get $1B, but it was structured to look that way. I see exponential growth of revenue and exposure in the short term. The long term is not as clear. Keep it real.