Replies to post #109924 on Iconic Brands Inc (ICNB)

[CASHOUTKING]

I just saw that. Wonder if anybody else read until the end

[Whiplash_Investor]

On March 28, 2017, the Company executed a Settlement Agreement and Release (the “Settlement
Agreement”) with 4 holders of convertible notes payable. Notes payable and accrued interest totaling
$892,721 were satisfied through the Company’s issuance of a total of 482,926,829 shares of its common
stock.

Interesting in that $892,721 / 482,926,829 shares = $.0018/sh

He must have issued those earlier in the year last year. The stock is trading for 10X that now. Effectively, he issued 483M when he could have issued them in 2017 instead and only had to issue 48M for the same money...that's some bad luck.