Iconic Brands Inc (ICNB)

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Good news for you if you own the stock...

You have to know NOBODY in their right mind would sell their company (or brand) for only 1 year's sales. That's not how businesses being sold are valued...

It could also be a legit company that has done $300K + $190K + $260K or $750K so far this year. F he did another $500M in 4th qtr, at 2X Sales, that’s a Company worth $2.25M. If a buyer offered that and Richie accepted, 51% of that goes to ICNB or $1.14M.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136456230

I don't think the CEO could possibly be so ridiculous as to let it go at a fire sale price. It simply wouldn't make any sense...

Bob Adams’s Simple Valuation Guidelines

1. An extremely well-established and steady business with a rock-solid market position, whose continued earnings will not be dependent upon a strong management team: a multiple of 8 to 10 times current profits.
2. An established business with a good market position, with some competitive pressures and some swings in earnings, requiring continual management attention: a multiple of five to seven times current profits.
3. An established business with no significant competitive advantages, stiff competition, few hard assets, and heavy dependency upon management’s skills for success: a multiple of two to four times current profits.
4. A small, personal service business where the new owner will be the only, or one of the only, professional service providers:?a multiple of one times current profits.

https://businesstown.com/articles/fast-and-simple-business-valuation/

Obviously, neither Bellissima nor ICNB fall into category 4 as you had suggested. My personal guess would be at least somewhere between category 1 and 2.

Bare minimum would be twice the sales... Not very likely he would give such an outrageously good deal to anybody with such fast growth, though.

The sales price will partially depend on how high revenues are built up to at the time of the sale.

It's anybody's guess what the upper multiple would be when it comes time for a sale, but I do not believe it will be only 1.