Iconic Brands Inc (ICNB)

[StoshJagelski]

Why an ICNB buyout in unlikely. If there was any value to the Brinkley license, the buyer would only want the license, not the dirty shell. So ICNB preferred holders vote to sell the license, keep the proceeds for themselves, pay off the old debt to Southridge and the insiders remember that Southridge is listed as owners or one time owners of Belimssa LLC, use up whatever cash there is to enrich themselves and leave the dirty shell in place for the next big adventure. You retail guys get zero. More likely, a big drink company would hire its own old model and just make Cheryl Tiegs or Kathy Ireland or Cindy Crawford, or Iman, or Naomi Campbell wine and be done. Reiterate our price target of .004. From Manhattan, I'm Stoshu.