Replies to post #145996 on Iconic Brands Inc (ICNB)

[QServus]

"How many shares does the toxic lender have left to dump?"

A few billion due to nature of this scam

Do you know how a toxic death spiral works? Rich sells shares to market makers at a deep discount, typically, 50-80% and then they sell it back to the market float.

Say current pps is $0.004 like now. Rich sells 10 million shares at $0.002 (50% discount) to a market maker. Who sells it back at virtually a guaranteed profit. And this drives down the price

Rinse and repeat - and you get no bid

[Smallville]

The number of shares is dictated by the share price.

Classic death-spiral financing.