Iconic Brands Inc (ICNB)

[Whiplash_Investor]

He said in S-1 that RS is needed to keep from exceeding the AS. Here is excerpt from it:

* Based on 1,509,941,153 shares of common stock outstanding on September 14, 2018. We are authorized to issue 2,000,000,000 shares of common stock. If the Selling Shareholders were to exercise the Warrants, we would not have enough authorized shares to issue stock for the exercise of all the Warrants and the conversion of all the Series E Shares. Our management intends to effectuate a reverse split of our common stock in the near future to reduce the number of shares outstanding without reducing the number of shares authorized.