Replies to post #181579 on Iconic Brands Inc (ICNB)

[STEVEN52]

The problem with Rich saying he will reduce the AS to 200 million is that he could decide to increase it at any time, by filing the requisite paper work, right? I don't think anyone will be able to stop him from increasing the AS in the future, based on my understanding of how the process works. I agree, increasing the AS, does not mean a corresponding increase in the OS. But, I think the point he was trying to make is that the pending RS is bad for shareholders.

[CatfishHunter]

You're misleading again. The 8K filing refers to the AS reduction.

Giddyup ICNB!!!

[~Gordo~]

"In addition, the Company will be lowering our authorized share count from 2 Billion to a more normalized, 200 million shares. Management’s restructuring of their Series D shares and rolling the current brands into Iconic further demonstrates and affirms how confident management is about the future of the Company."

In the 8k and reiterated in the pr...

$ICNB$