Iconic Brands Inc (ICNB)

[STEVEN52]

Thanks for the additional details. I do believe Rich has been adding new shares (diluting) to cover his expenditures since last year, and based on the un-audited financials, a significant number of shares were converted each month for the past several months. However, until audited fins are, one day released, we will never know if he has taken on additional debt over the past six months or so. Very possible, and besides, if he decides to take his "deferred" salaries anytime soon, at least $500,000.00 will have to come from some where. And, of course, the limited cash on hand from the fins, will not be enough to service that liability.