Iconic Brands Inc (ICNB)

[Whiplash_Investor]

The TA issued the shares to Rich. How many of those he released for sale is unknown. Some, none, or all could be in the treasury or in the float. Only he knows.

Now, with that said, the price action the last few days could have been because of dilution from Rich from these shares, which could be part expense shares and part debtor shares. It also could have been because of longs selling (tired of waiting or scared out or just decided to sell and get bank in lower). It could also have been Southridge shorting Rich's 60M personal shares. That last wouldn't be good as it would mean Rich loaned them his shares and is in cahoots with them. It could also be a combo of any of the above.

Point is it is pure conjecture why the price dropped in half the last few days. Personally, I think it was the combo of scared longs (because OS rose) and dilution.