Iconic Brands Inc (ICNB)

[StoshJagelski]

We reiterate our price target of .004. Today's price decline is expected to continue until reaching our target. The volume also looks to be drying up as well. The smart money has obviously read our analysis and decided we are correct. Similar to the recent US election where no one voted for Donald Trump, no one on the message boards will admit to selling. In fact in the case of ICNB, we can expect the opposite. Posters discussing how much they are buying when in fact they are hitting the bid. Every penny play has its day and the day for ICNB ended yesterday. No amount of news will lift this in the next 12-18 months due to the complete and total lack of transparency by management. In effect, ICNB is saying "Trust us". We have no idea how anything is getting paid for. We do not know the margins. We do not know the contract with the manufacturer. Are they even capable of providing sufficient quantities of senior citizen wine? Do they require advance payment due to the poor credit history of ICNB and its past failures in the spirits industry? We will not get answers and therefore we have a price target that is expected to be reached soon.