Replies to post #15359 on Iconic Brands Inc (ICNB)

[StimulusPkg]

2012s will move exponentially faster as per Richard. The 2011s will be used as templates for the 2012s. Essentially, the only thing needing to be changed will be professional fees and some other expenses. Most everything else will remain the same. The "confirms", as Richard mentioned, for the 2012s were retrieved from the old auditor along with the confirms for the 2011, saving lots of time in preparing the 2012s. They are working hard to get this done.

[Chiron]

The fact that there was no business means they just need to cross some t's and dot some i's. Now, of course I agree with you about the time. ALL of this should have been done by December. A reputable firm, working diligently would have gotten it done a lot earlier.

But don't forget; this is a penny stock and there are two 'brothers' typically associated with these stocks. Their names are: Incompetence and Fraud.

In the case of ICNB, it's Incompetence. But that is why we pay such cheap prices now. Look, if the auditor and company were on the ball it would have been done by November last year, and this would be a .50 stock by now.

What does Incompetence survive on? Typically, a lack of money. Ergo, the reason why this is moving so slow is probably due to a lack of funds to help 'motivate' the complete of the filings.

That being said when it is all done, this will be very undervalued. Even at .10