Replies to post #196011 on Iconic Brands Inc (ICNB)

[Whiplash_Investor]

Depends on some great news that might come out, but maybe $2.50. It would be pretty overvalued at that point, so wouldn’t hold for very long before dropping. There’s a lot of dilution coming once Green Grow deal is inked and ownership transfers of the other 49% of Bellissima and BiVi come through to tack onto the current FDOS of about 9.7M. And remember $2 at 5.7M is the same as $1 at 5.7X2, so $2.50 becomes $1.25 when that happens. But should be safe until restrictions begin to end on Oct 2019. So enjoy the next few months without all this dilution hitting the float and killing the share price for a couple years.