Icon Media Holdings Inc (ICNM)

[Jayman5000]

That would be a neat trick, seeing as insiders are already starting to convert their preferreds into commons.

A fresh billion is on the books in the last filing which covered through March. That seems to be the wrong direction for reducing the share count.

https://www.otcmarkets.com/otcapi/company/financial-report/369531/content



Your eyes are not deceiving you. Yup, they will have to raise the Authorized Shares just to accommodate conversions from even just this one single insider whose preferreds convert to 30 billion commons.