Iconic Brands Inc (ICNB)

[Whiplash_Investor]

Your understanding of RSs is incorrect. An RS does not effect AS. It’s a separate action. Once OS drops 250X, the AS remains 2B. As additional support, Rich even days AS is unaffected in the 8K, text below:

“Reverse Stock Split ” means the filing of an amendment to the Articles of Incorporation of the Company with the State of Nevada for a reverse stock split in which the issued and outstanding shares of Common Stock (but not the authorized shares of Common Stock) shall be combined at a ratio of 1-for-250, which amendment shall be filed with and accepted by the State of Nevada and evidence thereof delivered to the Purchasers.”

As a separate action, Rich has stated AS will drop to 200M in this last PR. Since it was a PR, it’s not guaranteed he will do it any time soon or at all. My opinion is he will do it within a couple months after RS.