Replies to post #153165 on Iconic Brands Inc (ICNB)

[jcosley]

That's not even the worst part of the balance sheet. TRAVEL AND ENTERTAINMENT is the worst part. You want to clean up the balance sheet? Less cheeseburgers and steak dinners.

[Whiplash_Investor]

If the company grows at 3 or 4 times the rate, ICNB will benefit. It is just unfair that to make $X with a wholly owned company (and no Pref Ds), the Sales must be 3 to 4 times higher for shareholders here to get the same $X.

Yet, you foot all the expenses through dilution. Remember Jan 2015, just 20 months ago? 115M shares out and no debtor shares (or Pref Ds anyone knew about). Now we have 984M OS with an additional 688M coming for debtors, all doubled with Pref Ds once converted at buyout time. That’s 3B.

115M to 3B... all because everything is saddled in shareholders.