Replies to post #142588 on Iconic Brands Inc (ICNB)

[Tommytbarnes]

Joseph you are correct - their "valuation" based on ICNB shares is completely screwed up. It was however done at a time when it was 2c a share.
Worth noting however is they have the right to buy 15% of a COMBINED BiVi and Bellissima, so far they paid $260k for 8% and need to pay another 240k if they want the remaining 7% - this means the combined value of Bellissima and BiVi is 3.5M (500k for 15%) and Friday Nights have so far not seen enough progress by Bellissima to place a 3.5M value on it and exercise their option for the remaining 7%.