Hey Penny. No comment on the joke. Hard to do joke
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Posted On: 05/22/2017 9:11:23 PM
Re: PennyStockin #2800
Hey Penny. No comment on the joke. Hard to do jokes on social media.....To answer your question about debt. A good portion of the debt was after Q1. This will be reflected in the Q2 FINS (see news release from 4/27 - below).
As always (Joey can attest to my phrase), my motto is "This is a Marathon NOT a sprint". I still believe this. Was hoping for a slightly higher sales # for Q1 but this time frame included a lot of licensing and getting stock out to stores. I fully expect Q2 to be MUCH higher but again, CA came online partly in the quarter. Q3 should be a realistic snapshot of sales (within the US). As for international, Q3 will likely be the beginning of that leg up for sales.
As a long term investor, I focus on getting debt off the books and growing the company "responsibly". Rich seems to be heading in that direction. I still would like to see him get the audited Q's and look towards moving off the pinks. Too much manipulation in pinky land. As long as they keep growing, at some point the PPS should move. It is still early for whales to get in.
JMO
From the PR:
(AMITYVILLE, NY -- (Marketwired) -- 04/27/17 -- Iconic Brands, Inc.
(OTC PINK: ICNB) today further clarified the definitive settlement
terms representing over 80% of the company's debt, as well announced
the company expects the balance to be settled shortly.
As always (Joey can attest to my phrase), my motto is "This is a Marathon NOT a sprint". I still believe this. Was hoping for a slightly higher sales # for Q1 but this time frame included a lot of licensing and getting stock out to stores. I fully expect Q2 to be MUCH higher but again, CA came online partly in the quarter. Q3 should be a realistic snapshot of sales (within the US). As for international, Q3 will likely be the beginning of that leg up for sales.
As a long term investor, I focus on getting debt off the books and growing the company "responsibly". Rich seems to be heading in that direction. I still would like to see him get the audited Q's and look towards moving off the pinks. Too much manipulation in pinky land. As long as they keep growing, at some point the PPS should move. It is still early for whales to get in.
JMO
From the PR:
(AMITYVILLE, NY -- (Marketwired) -- 04/27/17 -- Iconic Brands, Inc.
(OTC PINK: ICNB) today further clarified the definitive settlement
terms representing over 80% of the company's debt, as well announced
the company expects the balance to be settled shortly.
(1)
(0)Iconic Brands, Inc. (ICNB) Stock Research Links
Words to remember "Investing is a Marathon not a Sprint"
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