Sunday, February 19, 2017 7:55:05 AM
It looks like they are selling shares to raise cash they need to make the product and grow the business.
This Letter Of Credit when in place should help with that.
As well the company is pleased to announce closing in on 1000 US retailers for the Bellissima brand, and are in the process of facilitating a Letter of Credit with the manufacturer to streamline the financial process for production; this will allow the manufacturer to procure on an as needed basis all the raw goods inclusive of bottles, corks, decorative, and cages.
http://www.otcmarkets.com/stock/ICNB/news/Iconic-Brands---ICNB---Corporate-News?id=149203&b=y
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