ICNB and the Christie Brinkley pump and dump......
is in full force. I ordered NV SOS filings today, and it appears ICNB hasn't acquired 51% of the LLC that owns the brands, as the CEO suggested. The NV filing says there are only 100,000,000 authorized preferred shares.
Here's the latest NV SOS filing I received a couple of hours ago.
Here's the news announcing the 51% majority purchase.
LINDENHURST, NY--(Marketwired - Dec 16, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today the closing of the previously announced LOI with Bellissima Prosecco, www.bellissimaprosecco.com; Iconic Brands now controls a 51% interest in the Brand.
Here's the terms of the SPA and the issuance of Preferred D shares. NV SOS shows no Designation for D shares. NRS 78.1955 says you must first Designate and file before any shares are issued.
NRS 78.1955 Establishment of matters regarding class or series of stock by resolution of board of directors.
1. If the voting powers, designations, preferences, limitations, restrictions and relative rights of any class or series of stock have been established by a resolution of the board of directors pursuant to a provision in the articles of incorporation, a certificate of designation setting forth the resolution and stating the number of shares for each designation must be signed by an officer of the corporation and filed with the Secretary of State. A certificate of designation signed and filed pursuant to this section must become effective before the issuance of any shares of the class or series.
The SPA...
****On December 13, 2016, the Company entered into a Securities Purchase Agreement with Bellissima Spirits LLC (“Bellissima”) and Bellissima’s members under which the Company acquired a 51% Majority Interest in Bellissima in exchange for the issuance of a total of 10 shares of newly designated Iconic Series D Convertible Preferred Stock.
The latest OTC filing below. You'll notice there's only 100,000,000 AS of Preferred stock, not 300,000,010, as the latest OTC filing states.
Additional class of securities: Trading Symbol: N/A Exact title and class of securities outstanding: Series A Preferred CUSIP: N/A Par or Stated Value: $.00001 Total shares authorized: 100,000,000 as of: January 5, 2017 Total shares outstanding: 1 as of: January 5, 2017
Additional class of securities: Trading Symbol: N/A Exact title and class of securities outstanding: Series B Preferred CUSIP: N/A Par or Stated Value: $2 Total shares authorized: 1,000,000 as of: January 5, 2017 Totalshares outstanding: 0 as of: January 5, 2017**
Additional Class of Securities: Exact title and class of securities outstanding: Series C Preferred CUSIP: N/A Par or Stated Value: $.00001 Total shares authorized: 100,000,000 as of: January 5, 2017 Total shares outstanding: 1,000 as of: January 5, 2017***
These are the acquisition shares, or so they say.
Additional Class of Securities: Exact title and class of securities outstanding: Series D Preferred CUSIP: N/A Par or Stated Value: $.001 Total shares authorized: 10 as of: January 5, 2017 Total shares outstanding: 10 as of: January 5, 2017*****
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