mrcalifornia, with this important ICNB Debt Confirmation...
This confirmation that you have posted regarding the debt for ICNB makes ICNB better than what I had originally thought.
** I thought there were 4 Note Holders, but there are only 3 Note Holders remaining.
** I though that the conversion amount was for 4 note Holders at $20,000 per month per Note Holder, but it is only 3 Note Holders at a $20,0000 per month total for all 3 Note holders combined.
I will later go back and post a revision to some earlier thoughts I posted regarding the debt structure. I think this is important for all to understand. Thanks again for posting this email from the ICNB CEO below:
Just a quick question about the outstanding debt that was renegotiated. The no more than 20k per month was per holder correct? Just going thru the filings and it looks like 3 holders total? So 60k per month ? Thanks in advance
Nice confirmation from the CEO. $20,000 total conversions per month. Lets say at .005 cents conversion price this would mean about 4 million shares hitting the market per month. This is minuscule compared to the total trading volume per month. Market can absorb this without any difficulties, imo.
This throws the dilution scare out the window folks.
Just a quick question about the outstanding debt that was renegotiated. The no more than 20k per month was per holder correct? Just going thru the filings and it looks like 3 holders total? So 60k per month ? Thanks in advance