Iconic Brands Inc (ICNB)

[StockWatcher]

ICNB ALERT! See Estimated PPS Chart Below.

Chiron you are guessing.

The stock is currently at .05 with no news and CE.

Go back to where the stock was trading prior to the CE, which was .22 to .35 pps. This is really an unusual situation for all.

The stock was shorted once the news of the BK of the Subsidiary. There is a Short Position in the stock because it was not expected to recover with a Chapter 7. The Parent Company was dependent at that time for the Subsidiary to provide the Revenues. It is no longer an issue, as the Company stated the Chapter 7 is being Discharged. With the Chapter 7 Discharged that puts the stock at .15 on it's own merit.

With the Filings updated and the CE removed that puts the stock at a pps of .21 to .25.

With any new business it increases the PPS as the following chart shows.
Since we do not know what the revenues will be nor what any new business will bring we have to use some starting points and use the Float as the variable to calculate what the EPPS will be using the number of shares traded in that day. You will also have to factor in the limited shares available in the market and we will call this divergence.

Then look at the 6 Month Daily Annotated Chart and you can see where the potential really is.




ICNB 6 Month Daily Annotated Chart

Not really, the right news this sees .10 - .15