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jcosley

07/18/17 8:21 AM

#133830 RE: Joseph Knecht #133826

Did they ever release how much they paid for the 51% stake they have?

Asyp

07/18/17 8:54 AM

#133833 RE: Joseph Knecht #133826

Where does it say Rich owns the other 49% of Bellissima Spirits LLC?

Whiplash_Investor

07/18/17 10:35 AM

#133873 RE: Joseph Knecht #133826

I sure can't prove you wrong, rather I agree. I can't fathom his giving up 49% of Bellissima if buyout is in any near future, even medium time future. I do see this however...why announce to shareholders and investing community that the 49% of Bellissima will one day be 100% owned by Iconic Brands (ICNB)?

1) to appease shareholders who noticed this anomaly of ownership...either to take some of the scent of a scam away or to delay need to act short term or ever.

2) no buyout in near future on the radar if valuable or he plans to drive the stock into the ground and doesn't care if shareholders have the 49% of nothing.

I just see point in announcing the future vs the past, except for scams.