Replies to post #146376 on Iconic Brands Inc (ICNB)

[ctrumabll]

Well, there are all of those Southridge shares that remain to be issued under the settlement.

But, even beyond that, there are undoubtedly opportunities for dilution buried away in Bellissima Spirits, LLC. Recall that Hicks and his corporate counsel started Bellissima Spirits, LLC. Now, everyone is claiming Rich owns 100%. Unless you believe Rich paid in cash for Bellissima Spirits, LLC (in which case, I have a bridge with your name on it), there was some kind of sleight-of-hand that no doubt resulted in Southridge holding a secured interest in ICNB's interest in Bellissima Spirits, LLC.

The beauty is: since Bellissima Spirits, LLC is private, it doesn't show up in the quarterlies!