Replies to post #192953 on Iconic Brands Inc (ICNB)

[DL11]

Thanks for taking the time to provide such a thorough response!

I am going to differ with you in one respect.

If sales grow to $1 billion (admittedly an unlikely scenario), I feel the share price will considerably exceed $100/share, not $10/share, based on:

*20 million shares outstanding (more than triple current levels to address ownership transfer, preferred shares, and farm and other purchases)

*$300 million in net profit (assuming 30% profit margin source:
https://professionaldrinking.com/how-does-the-wine-distribution-system-work/) or $15/share earnings

*Industry PE average of 17 (source: https://simplywall.st/stocks/gb/consumer-retailing/aim-wine/majestic-wine-shares/news/is-majestic-wine-plc-lonwine-attractive-at-its-current-pe-ratio/) but I am going to say with the cannabis element plus explosive sales growth to $1 billion (and it would indeed be explosive from current levels) a PE of 25 is more likely and that would give us 25 x $15/share = a stock price of $375...so actually, to get to $100, we'd need sales of $267 million rather than $1 billion

We can see even with even much lower and perhaps more plausible sales growth, the share price would increase quite a bit over current levels. The key words are "with sales growth" and I am admittedly an optimist in this area. IMO with all the ideas/initiatives out there sales could be $100 million in 3 years, which with 20 million O/S, a profit margin of 30% ($30 million or $1.50/share), and keeping the PE of 25, this would get us to a share price of $37.50.

"May your Bellissima Dreams Come True"!

[West Coast Snapper]

ROTFLMFAO!!!! "$800M in sales to be a $10 stock" BWAHAHHAHAHAHAHAHAHA

$800M in sales and this would be a $500 stock

Because of the low shares outstanding number, I'll use 15M to account for acquisition, Rich preferred, Preferred E, $15M in revenue would be a $10 stock

My guess is Hooters will be ~$4M this year, Bellissima $1M-$2M, and hemp at least $5M on a partial grow season. This does not factor in any new deals that we are expecting.

2020, hemp alone can be $25M in revenue. Since the market is a forward looking mechanism, not backward-looking, people will take into account 2019 revenue and be looking at 2020 revenue come June. If people believe hemp will be in the $20M-$25M revenue range for 2020, this will go to $10+ this year. Add in Hooters et.al and you could have $30M-$40M in total revenue in 2020. This could be $20-$25 early next year which would put us at a similar valuation as CVS*I on the same revenue run rate