like trappist was saying, some of this stuff occur
Post# of 3333
(Total Views: 326)
Posted On: 05/23/2017 8:53:44 AM
Re: PennyStockin #2812
like trappist was saying, some of this stuff occurred after Q1. the 2016 derivative liability was $7 million+ but its recorded at $4 million+ today meaning there was a decrease.
go to page 2. under 'Derivative liability'. thats the summary of pages 10 - 12.
of course, this is unaudited with assumptions (middle of page 12 actually says this), so these numbers probably arent exact.
the filing has both good and bad. the company made progress, had sales, still has debt, still has promissory notes, has great marketing... it goes on and on. the point here is that each investor has to determine whether or not Q2 will have increased growth. if not.. why remain invested, right?
even if all of the notes were paid off, that doesnt mean ICNB would never enter into new ones down the road. in order to be successful, a company will have debt. thats why we often hear of companies raking in $400 million profit, yet for some strange reason, they only pocketed $2 million. its very expensive to run a company and can take years to go from red to black on the balance sheets.
like i said in my other post, it is what it is and everyone needs to figure out where to go from here.
go to page 2. under 'Derivative liability'. thats the summary of pages 10 - 12.
of course, this is unaudited with assumptions (middle of page 12 actually says this), so these numbers probably arent exact.
the filing has both good and bad. the company made progress, had sales, still has debt, still has promissory notes, has great marketing... it goes on and on. the point here is that each investor has to determine whether or not Q2 will have increased growth. if not.. why remain invested, right?
even if all of the notes were paid off, that doesnt mean ICNB would never enter into new ones down the road. in order to be successful, a company will have debt. thats why we often hear of companies raking in $400 million profit, yet for some strange reason, they only pocketed $2 million. its very expensive to run a company and can take years to go from red to black on the balance sheets.
like i said in my other post, it is what it is and everyone needs to figure out where to go from here.
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