Iconic Brands Inc (ICNB)

[FroMagic]

Optimally, I'd like to see...
1 - debt reorganized & manageable
2a - new leader/CEO
2b - must also be competent in cleaning up the costly & unacceptable production line issues.
3 - $$ funding

ICNB stated in their 10-Q (1st quarter) that they have about 90 days of cash.

We could also see the sale/disposition of TopPop?

Highly unlikely, but sale of Bellissima?

Merger/buyout with a bigger fish, if no funding?

I'm expecting just about anything.
A big part of this is that management/insiders hold A LOT of the outstanding shares.
Their self-preservation is to our benefit.

An 8-k or 10-q (for 2nd quarter) should be illuminating.

Chapter 11 is slow as a snail.