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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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
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