If he does audits and at least transfers the 49% at no cost to shareholders, yes. When I say “no cost,” I’m assuming ICNB has been handling 100% of Bellissima expenses for the past two years. If 49% of the expenses have, in fact, been handled by the other 49% of ownership (which I seriously doubt), then clearly ICNB should pay (likely with shares). In that case, how many shares is fairly easy to figure. Pretty much the entire value of Iconic is Bellissima, so given the fully diluted share count is about 1.6B, that count would double to 3.0B to 3.2B.
To summarize, if ICNB has been footing entire bill, cost of transfer should be nothing. If only footing 51%, FD OS should increase to about double. And all could occur anywhere in between.
Audited fins should provide a better picture of where expense money is coming from, but it is my opinion that ICNB is footing 100%, so this is why I keep saying transfer should occur at no cost to shareholders.
If he’s scamming, he’ll ignore audits and transfer ownership and double the OS, all providing max benefit to him and max screwing for shareholders. I give this possibility 60% chance of occurrence. But we’ll see.
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