Iconic Brands Inc (ICNB)

[scottgogolf]

You are exactly right Fekets10, longs must be patient. Sooner or later someone will buy up Bellissima. If long investors are patient, they can make money here. With what we know now, each $100MM of buyout price equals 2 cents per share for ICNB. If Bellissima was bought tonight for $100MM, ICNB shareholders should each receive 2 cents per share.

The HUGE key here is if Rich can grow the company without needing to raise capital. If he needs capital, he will likely issue shares and that 2 cents per share for each $100MM of buyout price starts dropping. If Rich has to issue shares, each share issued is equal to 1.5 to 2 shares being issued because of the way the Preferred D's convert. Dilution is the worst thing that can happen here as it will spiral in a hurry because of the multiplier effect caused by the Preferred D's.