Iconic Brands Inc (ICNB)

[scottgogolf]

Biojkap, ICNB fins are 100% of Bellissima sales. 1,000 cases per week X 13 weeks X $54/case is only $700K in sales. Considering CB said they just had a record week at 1,000 cases, there is no way previous quarterly sales were $800K.

Also, I don't understand everyone's fascination with acquiring 100% ownership. Do you think it will come for free? If you owned a multi-million dollar asset 51/49 with a friend, would you expect them to give you their half for FREE? No, you would have to pay them half of the assets value. If I owned the other half of Bellissima I would say OK, I will sell it to you for a Preferred share that converts into an amount equal to all outstanding stock. In other words, you get the other half but the share count doubles so in reality ICNB shareholders get nothing. The original owners of the 49% end up owning 49% of ICNB stock so you still only have 51%. It is a zero sum game.