Replies to post #54220 on Iconic Brands Inc (ICNB)

[Drugdoctor]

Yes, I called the COMPANY also, and they said NEWS is coming...

[hedge_fun]

You can't issue shares before you Designate them......

and the filing is declared effective. How can they issue shares in December for a filing received by NV SOS in January?

See the statute and please explain;

NRS 78.1955 Establishment of matters regarding class or series of stock by certificate of designation.
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.

http://www.leg.state.nv.us/nrs/nrs-078.html#NRS078Sec1955

Dick was either SLOPPY or deliberate. I sent an email to the TA and "axed" about this. Dick was copied on that email.

The shares COULD NOT have been issued as described in the quarterly, which means they DO NOT own 51% of the brand.

But feel free to correct my oversight, if any.