Iconic Brands Inc (ICNB)

[Drugdoctor]

Great info!!! re"Prisoner Wine sold for $285 million after being grown to 170,000 cases sold/year."
http://www.winespectator.com/webfeature/show/id/52992

Yes... well just looking back at what you just posted...

$1-$2 million would meet expectations (17,000-33,000 cases sold).

Your expectations are for a first quarter sell rate of 132,000 cases/year!!


So you are saying the product could be worth 132,000 cases divided by 170,000 cases of the Prisoner Wine x $285,000,000 Prisoner Wine Buyout Price!

Let's see where that would put the current market cap of $ICNB... WOWSERS... That's $221,294,000 dollars!!!

Now, the market has valued $ICNB at 866,000,000 shares x .013 or $11,250,000 as of Friday close... So divide the expected buyout price of $221.2 million dollars by the current market cap of $ICNB of $11.2 million dollars and you have a factor of >>>>>> 19.7

So multiply the current price by the undervalued factor of 19.7 and you get the CURRENT WORTH OF THE COMPANY in a BUYOUT SITUATION, based on only first quarter financial expectations... .013 x 19.7 = $0.256!!!

There you go.... Proof, the company should be valued at .25 RIGHT NOW, based on 1st quarter expectations....

Does anyone have any trouble understanding why I consider $ICNB one of the best BUY AND HOLD stocks anywhere at this time????