Replies to post #208458 on Iconic Brands Inc (ICNB)

[Blue Skys]

Hey Whiplash. Do you think that these are the shares that we have witnessed changing hands recently?

On November 30, 2018 and December 20, 2018, the Company received two payments of $71,875 and $71,875 respectively (totaling $143,750) in exchange for 287,500 and 287,500 shares of Series E Preferred Stock (totaling 575,000 shares) respectively at $0.25 per share. These payments represented advance payments in connection with the second tranche of the Securities Purchase Agreement dated September 27, 2018 which closed February 7, 2019.

[Whiplash_Investor]

Not sure on Prefs, but yes on warrants. They could be exercised at $.625 or 10% below the 10 day VWAP down to a stop at $.25.