Iconic Brands Inc (ICNB)

[youtoo]

Sell, sell and sell!
Balance sheet is out of control, liabilities are growing!
Now commanding a market cap of $23.2M, ICNB has virtually no cash on the books, which must be weighed relative to about $892K in total current liabilities. One should also note that debt has been growing over recent quarters. ICNB is pulling in trailing 12-month revenues of $5K. However, the company is seeing declines on the top line on a quarterly y/y basis, with revenues falling at -100%. As more color becomes clear on the name, we will review the situation and update our take.