Iconic Brands Inc (ICNB)

[StoshJagelski]

We reiterate our price target of .004. The absence of information and potential for dilution remain at the forefront of our many concerns. The company has a history of paying consulting fees and keeping close ties with known toxic finance company Southridge. The company is not an SEC reporter leaving us to wonder about the actual business model and the potential for profit if any. We also are concerned that the company has little to no cash so the funds for the orders are coming from somewhere. The shareholders and investing public have no idea how the company financed its cell phone bill much less thousands of cases of its senior citizen wine. The company has been evicted from its offices and filed bankruptcy in the past likely due to its many failed products and inability to obtain financing. We will stick with other opportunities in the small cap beverage space.