Replies to post #40320 on Iconic Brands Inc (ICNB)

[hedge_fun]

ICNB probably bought 51% from United Spirits....not

Christie Brinkley. United has the COLA's and is the importer of the brands. United is also a company controlled by the CEO of INCB. The PR's never mentioned who sold the 51%, but the developer/importer would certainly have a substantial stake. My best guess is Richard saw a HUGE payday selling 51% to INCB in the form of stock.

http://www.otcmarkets.com/stock/ICNB/news/Iconic-Brands--ICNB--Closes-Bellissima-Prosecco--Agrees-to-Terms-with-Debt-Holders?id=147212&b=y

Here are the COLA's showing United Spirits being the importer. You will also notice United is the importer of BiVi, which INCB also now controls.

https://www.scribd.com/document/335208768/United-Spirits-COLA-s

It was actually a good move by Richard, in my opinion.