Replies to post #143565 on Iconic Brands Inc (ICNB)

[La Dolce Vita]

An alternate explanation to the query in discussion:

Take note of the "acquisition" designation in the below statement; since we also find in the Q that $ICNB acquired Bellissimma on December 13, 2016, or within the past 12 months.

...List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months...

Acquisition of Bellissima Spirits LLC
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