Replies to post #180558 on Iconic Brands Inc (ICNB)

[CatfishHunter]

Not worried at all about the RS when it happens. The large financers who negotiated this last deal wanted to the RS as part of the terms to uplist and, IMO, make sure full ownership transfer to ICNB happens. Also as part of that transfer, CB and her side of the business won't endorse the stock side unless ICNB is over a $1. Make sense. CB and crew will be giving a lot of credibility to ICNB. This stock will be increasing in value. More news coming and even better news post RS when it happens.

Giddyup ICNB!!!

[La Dolce Vita]

Actually, "following the money" would be sound advice."

Q over Q sales are down, and now, imho, a MJ deal is being touted because apparently the Bellissima pump is fizzling out. Nothing new for Rich with 8 failed business already accredited to his name.

Might not we forget, CB can contractually walk away if 15k cases are not sold this year. Following the money is a scary prospect if Q3 and Q4 look anything like Q1 and Q2:

Pursuant to the License Agreement and Amendment No. 1 to the License Agreement effective June 30, 2017 with the Bellissima Licensor (see Note 12a. above), Bellissima is obligated to pay the Bellissima Licensor a Royalty Fee equal to 10% of monthly gross sales (12.5% for sales in excess of defined Case Break Points) of Bellissima Brand products payable monthly. The Bellissima Licensor has the right to terminate the endorsement if Bellissima fails to sell 10,000 cases of Bellissima Brand products in year 1, 15,000 cases in year 2, or 20,000 cases in year 3 and each subsequent year.

https://seekingalpha.com/filing/4174434

[staynafloat]

Why do you think he is doing such a huge R/S ... 250-1 ?

I was thinking more around 10-1 ... hell if the OS is maxed at 2 Bil. that would drop it to only 8,000,000 ... seems kind of a little over done to me