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Iconic Brands Inc (CE)

Iconic Brands Inc (CE) (ICNB)

0.000001
0.00
( 0.00% )
Updated: 20:00:00

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ICNB Discussion

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brojazzy brojazzy 1 month ago
Rich is a piece of shit, when is he going to stop fking over his shareholders? No clue how he sleeps at night....my guess is by cramming cheese burgers down his gullet
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TRUSTUNITS1000000 TRUSTUNITS1000000 2 months ago
0.000000001
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ctrumabll ctrumabll 2 months ago
xoxo...stock going to $2

Missed it by *that* much.
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The Energizer The Energizer 2 months ago
did anyone try the dino luzzi energy drink
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ctrumabll ctrumabll 3 months ago
Remember "Green Grow Farms"?
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ctrumabll ctrumabll 3 months ago
I think you will find Brinkley cares way less than you hope.
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rosee rosee 3 months ago
I assume Christy looking for a buyer. I donโ€™t think she want it auctioned to random anybody
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packerfan9 packerfan9 3 months ago
The acquisition of Pop Top. That was losing millions same as ICNB. Was death blow to this stock. Rich made a very bad decision. Just grew losses by millions. We see what happen to stock. Only matter of when ICNB goes bankrupt as well.
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FroMagic FroMagic 3 months ago
"Motion to Approve Stipulation Omnibus Motion under Rule 9019." Filed by TopPop.
https://www.pacermonitor.com/public/case/49390403/TopPop_LLC
Hearing 2/28. Should be interesting.
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TRUSTUNITS1000000 TRUSTUNITS1000000 3 months ago
What are they doing now the company
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TRUSTUNITS1000000 TRUSTUNITS1000000 3 months ago
Did she convert her 50%
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TRUSTUNITS1000000 TRUSTUNITS1000000 3 months ago
With Cb terrible
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TRUSTUNITS1000000 TRUSTUNITS1000000 3 months ago
0.0001 too funny
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ctrumabll ctrumabll 3 months ago
Between having to pay the people who actually make the prosecco and Brinkley's cut, the margins are thin.
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FroMagic FroMagic 3 months ago
Sprinkle with pixie dust and count to three. Duh. ROFL.
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ctrumabll ctrumabll 3 months ago
And just how is this shell supposed to be magically scrubbed clean?
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TRUSTUNITS1000000 TRUSTUNITS1000000 3 months ago
0.0001 LOL
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packerfan9 packerfan9 3 months ago
Like I said. Tiny revenues. Lost millions on that.
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rosee rosee 3 months ago
Bellissima sales about $1M Q1 2023. Reports not filed for last 3 quarters but should be able to find out more once monthly operating reports filed w bankruptcy court
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Dspetry Dspetry 3 months ago
$3.4M is sales in 2022
I'd imagine $3M+ in 2023.
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packerfan9 packerfan9 3 months ago
Since it never sold much and always tiny revenues. Since it losses millions. What value? It be starting over since not much market presence.
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FroMagic FroMagic 3 months ago
Curious as well, but no idea. It's the one asset with real value. I believe the next hearing for both toppop / icnb is 1/10 (wednesday).
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rosee rosee 3 months ago
Company in liquidation. Agreement was signed in 2022 in case of liquidation:
any such event, an โ€œIconic Liquidity Eventโ€), Iconic Brands shall, whether or not it is then a Member or otherwise has an ownership or other interest in the Company, within ten (10) business days of the date of occurrence of such Iconic Liquidity Event, notify each Member in writing of the occurrence of such Iconic Liquidity Event and engage, at its expense, an independent third-party appraiser reasonable acceptable to the Minority Member (the โ€œAppraiserโ€) to determine the enterprise value of the Company (the โ€œCompany Valueโ€), which determination shall be completed within thirty (30) days of the date of such Iconic Liquidity Eventโ€ฆโ€ฆ
pon dissolution of the Company, the Company shall be terminated, and the Manager, or if there is no Manager, such other Person(s) appointed in accordance with applicable law to wind up the Companyโ€™s affairs (the โ€œLiquidator(s)โ€) shall liquidate the assets of the Company as promptly as possible, but in an orderly and businesslike manner so as to not involve undue sacrifice. The proceeds of liquidation shall be applied and distributed in the following order of priority:

(a) first, to the payment of the debts and liabilities of the Company (other than any loans or advances made by any of the Members to the Company) and the expenses of liquidation;

(b) second, to the creation of any reserves that the Liquidator(s) deem(s) reasonably necessary for the payment of any contingent or unforeseen liabilities or obligations of the Company arising out of or in connection with the business and operation of the Company;

(c) third, to the payment of any loans or advances made by any of the Members to the Company; and

(d) thereafter, to the Members and the Manager in accordance with their respective distribution priorities set forth in Section 13(b) of this Agreement.
https://contracts.justia.com/companies/iconic-brands-inc-2924/contract/243883/
👍️ 1
Dspetry Dspetry 3 months ago
Do you have a link to the filing you are looking at?
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rosee rosee 3 months ago
question:what will Bellissima LLC appraisal be?
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FroMagic FroMagic 3 months ago
LOLOL. I'm still searching for where it says ch 7 in the following 5 words โ€œGotta scrub clean the shell.โ€

Huh, how about my full quote.. "gotta scrub clean the shell at this point for whatever comes next."

Nope, still don't see ch 7 mentioned there either.

Ch 7 is liquidation.

But a company can actually multi task and prepare for the next re-use of the shell. It's what happens to make it more attractive. How or what they specifically choose to do is up to ICNB.

Whatev.
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TRUSTUNITS1000000 TRUSTUNITS1000000 3 months ago
Competitive
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TRUSTUNITS1000000 TRUSTUNITS1000000 3 months ago
Anyone try the drinks
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TRUSTUNITS1000000 TRUSTUNITS1000000 3 months ago
0.0001 terrible
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ctrumabll ctrumabll 3 months ago
Your quote:

โ€œGotta scrub clean the shell.โ€

Do tell how a Chapter 7 will do that.
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FroMagic FroMagic 3 months ago
I didn't say that. Try reading. I implied it's time to start thinking ahead as to what comes next since 7 liquidates.
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ctrumabll ctrumabll 3 months ago
Do tell your brilliant theory about how a 7 leaves a clean shell.
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rosee rosee 3 months ago
He get 15 percent of whatever auction price of Bellissima LLC , this not included in shares. ICNB only own 54% of Bellissima
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rosee rosee 3 months ago
agreement say in event of liquidation Bellissima LLC will be auction to highest bidder, after independent appraisal
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FroMagic FroMagic 3 months ago
gotta scrub clean the shell at this point for whatever comes next (a new co reverse merges into ICNB?)

Richard DeCicco: common stock 24,686,893 shares.

worthless.
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Whiplash_Investor Whiplash_Investor 3 months ago
Well, thatโ€™s the end of that.
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packerfan9 packerfan9 3 months ago
Since they have no way to make a profit has to be cp 7.
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rosee rosee 3 months ago
court doc now says $ICNB agreed to convert to Chapter 7, liquidation
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packerfan9 packerfan9 3 months ago
that's managed properly with a competent leadership. Rich will not leave. So never going to be any competent management.
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ctrumabll ctrumabll 3 months ago
Damn. That kool-aid is so high-test, you could fuel a rocket with it.
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ctrumabll ctrumabll 3 months ago
Nah. The paperwork from day one was set up so CB never committed her own money.
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rosee rosee 4 months ago
Big fan of @christiebrinkley & They believed the pretty โ€œinvestor presentationsโ€ about Toppop and Bellissima. $30 million a year forecasted, etc etc . Now ICNB in liquidation. Their retirements money gone. So sad
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packerfan9 packerfan9 4 months ago
Rich is making his money even as he failed shareholders.
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whizent1 whizent1 4 months ago
This totally makes sense. Sheโ€™s making money, regardless of how low the share price is. Sheโ€™s guaranteed to make Bank.
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brojazzy brojazzy 4 months ago
Retirement fund? In a freakin penny stock? Good grief, why on earth would someone do that
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Drugdoctor Drugdoctor 4 months ago
Yea, I do wonder if she financially supported the company enough back in the days when Bellissima was being rolled out with large distributors and with the Publix contract. That was her golden opportunity to buy some advertising in the Atlanta market and promote her brand. I do seem to remember a rented airplane pulling a banner over Atlantic City beach, and a couple of billboards, as being about the only promotion, other than her Instagram, that wasn't enough to sell the juice at premium prices... But the blame falls squarely on Rich, who failed, and that freezy pop thingy that destroyed the rest of the company...

Oh well, just glad I quit trading it after I saw just how bad things really were. What did it for me was when he reported NET PROFITS, for one year, then charged the expenses the next month, in a different fiscal year. Oh well, live and learn... GLTA
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rosee rosee 4 months ago
my friends retirement is devastated so sorry for them. But not @christiebrinkley fault, she work harder than anyone .
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Drugdoctor Drugdoctor 4 months ago
How many 0's in front of that 1?.000001 What an iconic failure!
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brojazzy brojazzy 4 months ago
Making so much money that bankruptcy had to happen
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packerfan9 packerfan9 4 months ago
CB has been promoting it for years for that reason. Even with her endorsement. Still cannot sell enough to make money. Losses grew.
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