Iconic Brands Inc (ICNB)

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A Closer Look at Iconic Brands Inc (OTCMKTS:ICNB)

http://oracledispatch.com/2017/05/03/closer-look-iconic-brands-inc-otcmktsicnb/

Iconic Brands Inc (OTCMKTS:ICNB) had a delayed reaction to a new administration, shares had a nice pop into the 2016 Christmas Holiday that got investors attention. A look at the chart below shows this Santa rally and then a New Year selloff. Those who sold in the first two weeks of the year missed the most important part of the move higher, and by Valentines Day shares had made a first quarter high.

It is clear the company will have interesting news in the pipe line, this is a company that will have a slew of great news simply because they are a headline worthy sector leveraging celebrity brands, but for investors you need shares to exit the triple zero sub penny status to arrive as multi-digit penny stock or more.

Iconic Brands Inc (OTCMKTS:ICNB) markets and specializes in product placement and is focused on national distribution through long standing industry relationships. Iconic is in the niche market of “Celebrity Branding” for beverages, procuring superior and unique products from around the world and branding its products with internationally recognized celebrities.

On the product level the Christie Brinkley Wine Bellissima Prosecco has been approved in Washington State and Hawaii. Distribution is already established and Hawaii has placed an initial order, with Washington State expected to follow suit within the next few days. The company continues the expansion of the brand and is in current talks with several national chains as well as foreign distribution opportunities.

Additionally, Bellissima has shipped close to 1,000 cases to our California Distributor Winebow and that product will be available to consumers next week at local BEVMO Stores and at Erewhon Organic Market locations.

Mr. Richard DeCicco stated, “I’m thrilled to have added two more states this week, and finally ship to our California customers. We are working diligently on additional domestic and foreign markets. My enthusiasm for this brand is at an all-time high.”

On the share side share prices often pay more attention to the share count and debt, and the company recently clarified the definitive settlement terms representing over 80% of the company’s debt, as well announced the company expects the balance to be settled shortly.

Under the prior terms, the company’s existing debt could have converted into an unknown and potentially exorbitant amount of common shares and interest would have continued to accrue at a relatively rapid rate. This coupled with the potential to disrupt the daily flow of the market for the Company’s shares has now been eliminated.

Under the agreement, the Company negotiated a final conversion into a fixed number of shares totaling four hundred and eighty two million compared to what could have potentially been billions of shares, as well received concessions of close to one hundred and twenty five thousand dollars tendered by the note holders, and all interest has ceased. This will eliminate over one million dollars in debt from the company balance sheet. Importantly, the agreement further stipulates that all shares be placed with a professional institutional broker, where using their exclusive discretion, a maximum aggregate of ten percent of the daily volume can never be exceeded.

This agreement brings finality to the ongoing discussions with these Holders and additional certainty to the capital structure such that the Company can now consolidate all assets under Iconic Brands. The Company can now more confidently negotiate any future transactions, be it mergers, acquisitions, or development of future brands and be in an easier position to become audited and fully reporting.

Mr. Richard DeCicco stated, “I am pleased to have reached a definitive and final agreement and compromise with the majority of our debt holders; it is their confidence in the longer-term value of Iconic Brands that allowed us to finalize this transaction and move forward. Corporately we have amazing developments forthcoming in the days, weeks and months ahead that I’m confident will add great value to our company.”

Iconic Brands, Inc.(OTCMKTS:ICNB) has many fronts to work on in upcoming 2017 quarterly execution. The better they do this job, the quicker they will become a bona-fide stock emerging from the triple sub penny they were stuck in last year. This is an exciting field and a growth sector as new delivery platforms and devices dominate our world.

All in all ICNB is an interesting company that is on the march in digital media and branding and promotion, these sectors – like cannabis – are explosive sectors in the (changing) investing world where we live in 2017. For continuing coverage on shares of $ICNB stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!