Iconic Brands Inc (ICNB)

[DL11]

Still thinking I would wait based on the possibility of a 3-5 bagger from there from a buyout. They have reportedly hired a consultant to look into buyout possibilities already.

At a dollar they would be OTC with big time visibility. My biggest concern (if you can call it that) is they will be bought out before the end of FY 2017 at a lower price, the good Doctor's postulation of $400 million, for example.

There has been some speculation on an eventual uplisting to NYSE but IMO they will not make it due to a buyout first. NYSE listing requirements are pretty stringent:

https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf