Iconic Labs Share Discussion Threads

[pwhite73] 24/3/2021 18:37

LOL. OrkneyArab still has respect for me. My post 19127 opened his eyes yet again as to what might happen.

[orkneyarab] 24/3/2021 16:11

You've conveniently left out the money raised at the last placing and the £1million due to be returned. Stick that in your fact hole.

[astute person] 24/3/2021 16:03

No assets, no staff, nothing!
Wondering how long BoD will stick around with no salary.
How will they get paid?
There is no cash and no staff.
If they hire staff how will they pay them?
Debt!
Where will new debt come from?
Share dilution?
If that’s a yes then who will lose out?
Obviously shareholders!
Just my opinion based on facts!
Money to be made as a pump and dump share, do not hold long term as you will be burned.

[soup de jour] 24/3/2021 15:56

Shares of Iconic Labs PLC (LON: ICON) rallied 10.3% after the company announced Brad Taylor’s appointment as its new CEO.

Taylor replaces Sarah Dees, appointed as CEO on February 05, 2021, who served in that capacity for just over six weeks.

Yesterday’s announcement came as a surprise.

Sarah Dees was CEO for less than two months before being replaced, indicating significant issues at the media company.

Iconic Labs has had a tumultuous year so far after the company’s top executives resigned on February 1 following accusations of mismanagement by OTT Holdings in January.

The resignation of the three executives led to the cancellation of the company’s lucrative contract with Greencastle Capital.

The media company’s board accused the departing executives of making deals with Greencastle Media for their benefit at the company’s expense.

The appointment of Sarah Dees as CEO was supposed to mark a turning point for the company.

Brad Taylor, the new CEO, has worked with Ott Ventures in various capacities and was previously the general counsel and member of Orco Property Group’s executive committee.

In a statement, Taylor said: “I want to thank Sarah Dees for her work these past few weeks and in facilitating my transition to Iconic Labs.
I am delighted to be joining the company.
There is plenty of work to be done with the new board, and I look forward to getting started immediately.”

Stephen Birrell, who was appointed as an independent non-executive director shortly after Dees’ appointment, also stepped down as a company director with immediate effect.

Investors will be watching Iconic Labs to see if the company will enter a period of stability under the new CEO.

Such an eventuality would be great for the company’s long-term prospects.

[pwhite73] 24/3/2021 15:40

DW - Like you I was originally convinced that with those three useless robbers gone the company had turned a new corner. With nearly two months gone and no news on the corporate front its clear to me what's going on. In terms of dilution the new team are going to pick up where the old team left off. The only difference here is that you might get a proper business thrown in for good measure. Sarah Dees said she would be working with Ehgos and OTT. They've booted her out after only six weeks. What was her early redundancy/pension pay off and who's going to pay for it. YOU!!

There is no staff at ICON just directors with their snouts in the trough. I've moved on and so should you.

[different world] 24/3/2021 15:27

But it's a "dead carcass" that you have professed to have bought back in to PWhite73.

Make your mind up - you either have it because you are confident, or your as moronic as hodhasharen who has an excuse as he's been certified with terminal senility.

[pwhite73] 24/3/2021 15:22

The authority granted on 31/12/2020 to issue another 24 billion shares was filed at Companies House on 12/02/2021. Try and understand what's coming and why directors are scavenging over this dead carcass like wild hyenas.

[hodhasharen] 24/3/2021 14:24

RIP David from Sutton

[bionicdog] 24/3/2021 09:45

Sarah Dees was the saviour a few weeks back. Anyone you have never heard of seems to be a saviour. Just like the good old LEG days. Any investment was a great investment.

[chinese investor] 24/3/2021 09:31

Anything to do with ICON ?

"Infotagion is an independent online and social media expert fact checking service to combat disinformation about the COVID-19 pandemic and the related economic and social effects that are spreading through social media.
Infotagion was created in partnership with Iconic Labs PLC, and Damian Collins MP, former Chair of the Digital, Culture, Media and Sport select committee.
Damian also led the inquiries on disinformation and fake news."

[chinese investor] 24/3/2021 08:49

Mr. Taylor has a wealth of experience at the executive and board levels with public and private companies, and brings managerial, restructuring, financial, and legal expertise to Iconic Labs.

Mr. Taylor began his career as an attorney in Texas with law firms Akin Gump Strauss Hauer & Feld and Greenberg Traurig before moving on to private equity with Holland Park Capital.

From there, he worked in Paris as the General Counsel and member of the Executive Committee of Orco Property Group. Working with Ott Ventures, Mr. Taylor has started and managed numerous companies and real estate projects in various stages of growth.

A Canadian citizen, Mr. Taylor has a Bachelor of Commerce from McGill University, a JD from Baylor University School of Law, and an MBA from INSEAD.

[big yankee dealer] 24/3/2021 08:14

When are ICON gonna get this £1 million ?

[chinese investor] 24/3/2021 06:50

OTT Holdings - January 2021 :-

“The Board has failed to secure anything beyond short term financing, which has done little more than cover the salaries of current employees (including what seem to be the high salaries of the executive team).

The Board is seemingly incapable and lacks the experience to secure the long- and medium-term financing that Iconic desperately needs to put its business on the right path towards sustainable growth.

“They have also presided over the disastrous departure of David Sefton, who was brought in as executive chairman in order to transform the company, but who resigned on the day of its Annual General Meeting (“AGM”) in 2019 following “rumour and market speculation” about his role at another company.

It appears that despite the negative impact of Iconic’s involvement with David Sefton, Iconic continues to work with him as a consultant.

“Ott Holdings is of the firm view that a competent and experienced board and management team needs to be installed at Iconic who can preserve shareholder value and secure the needed medium- and long- term financing which Iconic needs to put it on a sound financial footing.

Further, the current business of Iconic needs to be rationalized and streamlined, with new potential M&A targets to be identified for growth.

“In order to prevent the complete destruction of the firm we believe that urgent change is required.

That is why we have called for an EGM where we will propose a new course for the firm, which we believe will not only rescue the firm from its current state but also lay the foundations for growth in the future.

As a first step, and in order to enhance corporate governance, we propose changing three of the board members, and to undertake a complete review of the executive team’s contracts and performance.

We hope to have the other shareholders’ support in our efforts.”