Replies to post #44462 on Icon Media Holdings Inc (ICNM)

[Starlost]

Chong just confirmed massive dilution coming here.

"Do people seriously expect no dilution when valuable businesses are merged into / acquired by a shell company? If a shell doesn't need to use stock to make the acquisition, then it must use cash. If the company has cash it is not a shell. Just simple reality. Not financial advice"

Do people seriously expect no dilution when valuable businesses are merged into / acquired by a shell company? If a shell doesn't need to use stock to make the acquisition, then it must use cash. If the company has cash it is not a shell. Just simple reality. Not financial advice

— RealDavidChong🇸🇬 (@RealDavidChong) January 13, 2023

ICNM agreed to buy out Kuora for $125M, when the company isn't even worth $5M!!

Talk about a rotten deal. Shareholders footing the bill for this scam.

[mick]

thank you, in new filing it didn't give pps as of 12-26-2022 would your pps @ dat time be honored ????? anyone ?????

The purchase price for the acquisition is US$125,087,937 dollars which is based on the closing price of AAPT on May 12th, 2022, assuming all Preferred Stock have been converted into Common Stock.

The purchase consideration for Kuora China is US$125,087, 937,
equivalent to 521.1997375 special preferred A shares of ICNM.

AAPT will be issued with 521 of ICNM special preferred A shares and

the decimal places will be satisfied by issuance of 39,947,500 Common Shares of ICNM

https://www.sec.gov/Archives/edgar/data/1115911/000190359623000038/sfsicnm8k011123.htm