Iconic Brands Inc (ICNB)

[Joseph Knecht]

Regarding those 60 million shares, here is something that is (mildly?) interesting. I hadn't come across it before. The 8-K filed on 5/21/15 contains an exhibit 10.2, the "Unwind Agreement."

It states in part:

"Immediately upon the Closing of this Agreement, Mr. Houghton and Mr. Stark will once again own all of the LLC Interests in MEDICAL MARIJUANA BUSINESS ACADEMY, LLC, and the ICNB Common Shares shall be returned to Treasury, and thereafter cancelled and extinguished by ICNB’s Transfer Agent, such that there shall be 60,000,000 fewer shares of ICNB common stock issued and outstanding."

Hmmm. Either Rich's shares are not the same 60 million shares or the shares found a way not to be returned to the Treasury. I do not know which is the case.

https://www.sec.gov/Archives/edgar/data/1350073/000107997315000398/ex10x2.htm