There is no toxic debt here. Read through the DD!
ICNB CEO, "The fact that the debt was renegotiated speaks volumes in my opinion as to the direction I am taking this company.
I can not see any circumstance at all that would move me to giving an "exception" to allow an additional conversion outside of the parameters clearly agreed to and mandated by the agreement.
****no more than $20,000 USD can be sold in any single month ( without prior written approval from Management ) Additionally, Management reserves the right to negotiate a final purchase of all outstanding debt during the 1-year term. Management wants to thank Iconic debt holders for working with the Company and assisting its growth. Iconic has updated its Security Details on OTC Markets to accurately reflect the current share structure, and Management is working towards completing current financial reports
Absolutely NO TOXIC DILUTION! This is what all 3 noteholders that are left combined can sell. It would total of less than 1 million shares per month that can be sold now in total and less as the PPS goes up. I don't think anyone will miss less than 1 million shares per month ahead.
Rich's response with regard to the $20,000 per month noteholder restriction:
The amount is $20,000 in TOTAL!
It is not per note holder.
All the best,