Replies to post #181572 on Iconic Brands Inc (ICNB)

[huggies]

Thats just how it works. I dont understand hoe this explains the prmoise of reducing as to 200 is false.

[TradingBabyishere]

Clearly someone is not clear about all the additional shares that will likely be issued to acquire 100% of Bellissima along with all the new partnerships.

A 200mil AS will insure the stock stays above a $1 at all times because this company is currently worth a couple hundred million, and with all the new additions we will be going even north of that.

Thanks for showing how poorly one actually comprehends the filing.

;-)

[Whiplash_Investor]

Your understanding of RSs is incorrect. An RS does not effect AS. It’s a separate action. Once OS drops 250X, the AS remains 2B. As additional support, Rich even days AS is unaffected in the 8K, text below:

“Reverse Stock Split ” means the filing of an amendment to the Articles of Incorporation of the Company with the State of Nevada for a reverse stock split in which the issued and outstanding shares of Common Stock (but not the authorized shares of Common Stock) shall be combined at a ratio of 1-for-250, which amendment shall be filed with and accepted by the State of Nevada and evidence thereof delivered to the Purchasers.”

As a separate action, Rich has stated AS will drop to 200M in this last PR. Since it was a PR, it’s not guaranteed he will do it any time soon or at all. My opinion is he will do it within a couple months after RS.

[Dspetry]

They need some room for expansion and liquidy.

No one is gonna “invest” in a stock with 8M Authorized.

These new investors and the Board will control share issuance. Rich doesn’t have that sole power anymore. Plus - It's really about the O/S.

Now if the new authorized shares become 200 million, Rich will have diluted the share structure 2500%, i.e., 8 million × 25 = 200 million A/S.

[CatfishHunter]

Your post makes no sense whatsoever.

Giddyup ICNB!!!