Iconic Brands Inc (ICNB)

[Joseph Knecht]

I will be stunned if they actually sell 100,000 cases in 2017. If the approximately $52 per case estimate used here is correct, ICNB sold less than 10,000 cases in the first two quarters combined, and if Rich's statement of having "already booked sales close to Q2 in the first 6 weeks of Q3" generously projects out to another 10,000 cases in the third quarter, that would still leave a whopping 80,000 cases to be sold in the 4th quarter. That's a lot of bubbly, especially for a company that has experienced supply chain problems in the past.

I hope they do sell 100,000 cases, but I will believe it when I see it.