Replies to post #144541 on Iconic Brands Inc (ICNB)

[Smallville]

Oversold?

Declining revenue and growing expenses.

CEO claims, my salary is deferred but salary is listed on the 10Q.

CEO claims no more toxic loans.

Takes out toxic loans soon after.

'Technically' it may be oversold but it's still selling at 100% premium over its value.

And, you're right. It's ALWAYS a moving target.

[Drugdoctor]

Here's the bottom line.... If $ICNB could hit .03 with 820 million shares outstanding, isn't a short term expectation at least .015 with 1.6 billion shares that haven't even been issued yet???

So yes.... UNDERVALUED for sure...

[Whiplash_Investor]

You are correct on your comments.

Dilution since Feb (OS = 820M) and PPS rose to to $.034 in Feb, also. Using that 820M OS at time of the high of PPS, the OS has increased to 984M in August in 5 months. That's an increase of 20%. Over the same period, the PPS has dropped almost 90%. Clearly expense dilution has not been the only enemy to trading. But we also know that there's been increased awareness of the debtor 482M of dilution reported April/May and raised twice to 613M and just recently to 688M. Plus the fins revealed $415K owed to Chazz and that we have more loans coming. Couple all that with increased awareness of the Pref D effect...OS at time of any buyout (which is what valuation is based on) will either double it as I've felt, or it will multiply the OS by 1.51 as others have felt. Either way, without Pref D conversion, the OS with debtor shares is about 1.5B with current debtor shares.

Now we have to pay Chazz $415K for some old liability. He must issue shares to pay that or welch. Now that PPS is below a penny, he'll have to give MM/broker he sells thru a 60 to 70% discount. If 60%, and assuming $.0045 market PPS, that's $.0017. Divide that into $415M and you get 244M more shares. To account for the additional loans he may need, let's assume $300M instead. Now we're up to 1.8B.

So OS has not increased just 20%, but 1.8B / .820 or 120%. What's happened to PPS may have been over done, but that assumes that this was ever really worth $.034 per share. In Feb, the fins for 4th qtr were not even known (til Mid April) and even at $360K and 820 M, this should never have reached $.034. But it did and the 90% drop was more than just from dilution...from bogus pumping and some greed.

We're still overvalued given current diluted OS and disappointing over pumped sales. The debtors are going to figure this out and want their money, knowing sales can't support much more than $.0016 price. Remember they are guaranteed to get shares sold above $.0018.

The death spiral is in full force now because sales aren't growing faster than dilution. Rich can be the most honest guy in the world, but if he doesn't get expenses under control and sales up, shareholders will pay the price.

AS is almost maxed out. He either raises AS or must RS. A 1:10 RS would change OS to 180M and leave AS at 2B.