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Wednesday, August 09, 2017 10:27:46 AM
Hello Jason,
Good morning
Thanks for your note and I am happy to provide you with the answers to your questions.
Hello Rich – I know you have probably getting some heat with the stock price lately. I have some questions hopefully you can answer.
What is the plan for having your shareholders get return on investment?
The plan is as it always has been to build the brand(s) and business.
The price is now below .01 – how do you plan on bringing that up and when do you plan on filing for an uplist?
The stock trades naturally, I can not do anything other than build a solid business and brand. As reported in the PR we have begun the process with our legal and auditors.
Have you considered buying more shares of your company to give investors confidence that you are “all in” with ICNB?
We have no capital allocated for a buy back and to be perfectly honest with you it would not be a premise for a penny stock and early stage company.,
The share OS has obviously been diluted the past few months ..now up to 917 Million. What has the dilution been used for? Shipping and overhead costs? Salaries?
The Dilution has been fully disclosed, as all other costs and accruals.
I’m a shareholder and I love the products, I just have concerns that the shareholders are footing the bills for operations that are not being disclosed.
The Company will be raising capital to grow the brand and the value will ultimately be determined by the success of the brand(s).
Jason,
Thanks again for being a shareholder and I appreciate the communication.
Regards,
Rich
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