Iconic Brands Inc (ICNB)

[usmcallen]

Historically it has moved nearly the same every year. It is likely dilution. I too wondered why a stock with so much potential with a lot of developments and breakthrough would have such a crappy share price. This should be a $4 already. To me it seems like a cycle. The reverse splits have killed value for longs and with one supposedly planned, the share price for longs will lose even more value. For those longs who bought in 2017 and held are around -80% loss with current price pre split. It sucks, but that’s just how it goes here in ICNB. Let’s hope it goes the opposite direction this time around. I still hold a large core position from 2017 when I believed this would be such a great stock. Still waiting on that. But it’s all good I make money short term here because the swings are quite predictable, even though at times it feels like your money is stuck here. Once a good pump happens I’ll likely dump a large amount of shares. Let’s see what happens.