Replies to post #131084 on Iconic Brands Inc (ICNB)

[Dspetry]

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.
https://www.otcmarkets.com/financialReportViewer?symbol=ICNB&id=172721

All the filings show him owning 49%

[Whiplash_Investor]

Except Pref Ds. Note he owns 5.1% for each of 5 shares of what OS is a time of conversion. His partner owns the other 5, so 51% in all.