Replies to post #234 on Xcel Brands, Inc. (XELB)

[$niper]

As of October 25, 2010, 97,053,044 shares of common stock, $.001 par value per share, of the issuer were outstanding.

[$niper]

A/S 200 million

O/S 97,053,044

Float no more than 22,679,262 as insiders hold 74,373,782 of the O/S