Replies to post #139996 on Iconic Brands Inc (ICNB)

[Asyp]

But it's not true...Rich was well aware of this and the consolidated financials have 100% of the revs in them

[Trez]

I agree they report 100% of Bellissima revenues, not 51%. What price per bottle in ICNB revenues are you using?

[Whiplash_Investor]

Yes ICNB reports 100% of the revenues, but if a buyout occurs if Bellissima, ICNB shareholders get 51%. So you see the only issue to resolve is the valuation itself. 5X revs were used when because of ownership, 2.5X is probably more accurate.