News out.. prepare to be decimated in your positio
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(Total Views: 1587)
Posted On: 10/17/2018 11:54:21 AM
News out.. prepare to be decimated in your position..
https://finance.yahoo.com/news/iconic-brands-...?.tsrc=rss
people on ipub are totally blind to what is about to happen. iconic brands may succeed on an immense scale, but its going to be on the backs of current investors.
if you spent $10,000 at .01 last year, you'd have 1 million shares
a 250:1 RS would make you end up with only 4,000 shares
that would put the share price at $0.975
the PR says they want to be on the National Exchange
NASDAQ requires a $4 minimum. do the math. thats a 1000: 1 split. your 1 million shares now become 1,000 shares.
even if they're allowed on at $2, you still only end up with 2,000 shares.
this isn't to say ICNB won't make it big. they probably will. but honestly, every investor currently invested has seen its days. if you end up with 2000 shares, the share price would have to climb to $50 just to make $100,000
https://finance.yahoo.com/news/iconic-brands-...?.tsrc=rss
people on ipub are totally blind to what is about to happen. iconic brands may succeed on an immense scale, but its going to be on the backs of current investors.
if you spent $10,000 at .01 last year, you'd have 1 million shares
a 250:1 RS would make you end up with only 4,000 shares
that would put the share price at $0.975
the PR says they want to be on the National Exchange
NASDAQ requires a $4 minimum. do the math. thats a 1000: 1 split. your 1 million shares now become 1,000 shares.
even if they're allowed on at $2, you still only end up with 2,000 shares.
this isn't to say ICNB won't make it big. they probably will. but honestly, every investor currently invested has seen its days. if you end up with 2000 shares, the share price would have to climb to $50 just to make $100,000
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