Iconic Labs Share Discussion Threads

[city1911] 20/3/2023 13:49

Ok so you think ICON is a scam. That is your opinion and time will tell. You have made your decision to sell. Move on now. There is nothing new to add.

[pwhite73] 20/3/2023 13:31

That's all I've ever talked about since the suspension was lifted.

[oliversanvil] 20/3/2023 13:30

Can we talk about the NEW ICONIC LABS.

[pwhite73] 20/3/2023 13:11

city1911 - "Isn’t everything temporary"

No. Losing money in scams like ICON is permanent.

In the absence of any news how much is owed to DS and EGHOS is as much as the current market cap.

Anybody who thinks David Stybr is going to reverse anything into ICON that will give DS and EGHOS a 100% ownership is smoking something that I'd like to try.

[city1911] 20/3/2023 12:35

Isn't everything temporary. I'm not suggesting you hold Gold and Bitcoin until you croak it lol.

[pwhite73] 20/3/2023 11:03

city911 - The relief in gold and bitcoin is only temporary.

China is working on a peace plan with Putin and Zelensky which will be accepted by both parties. When it does gold will dive. Bitcoin is only rallying because of turmoil in the banking sector. Once that settles down bitcoin will dive again. Some major bitcoin fraud trials are coming up soon.

[maxk] 20/3/2023 11:03

Where is the mystery man of Sutton?

[kemche] 20/3/2023 10:51

478 million more for me.

GLA LTHers and Dave.

[city1911] 20/3/2023 10:43

Get into Gold and Bitcoin related stocks lol

[city1911] 20/3/2023 10:40

Fair enough. Move on then if you have sold. I do not understand why anyone continues to comment on a share they do not hold.

[pwhite73] 20/3/2023 10:36

city1911 - "So what are you implying then? This is turning out to be as bad as the previous BOD or what"

That is not what I'm saying. What I'm saying is that this lot are not even an active BOD unlike the previous lot. This lot are sitting there in the four corners of the globe receiving retainers for doing sweet FA allowing the old board (Linton DS) and EGHOS to pick up where they left off. For the record I have sold and at a loss.

But as you say anything can happen. Tesla can make a bid for ICON next week and that would leave me with egg or sh1t on my face.

[city1911] 20/3/2023 10:13

So what are you implying then? This is turning out to be as bad as the previous BOD or what? If you do not have faith in the new BOD why have you not sold ?

[chinese investor] 20/3/2023 09:35

28 September 2022

Iconic Enters into GBP3 million Financing Facility with EHGO

Iconic Labs Plc (LSE:ICON), is pleased to announce that on 28 September 2022 it entered into a GBP3 million Deed of Issuance and Subscription in respect of loan notes ("Notes") convertible into new ordinary shares with share subscription warrants ("Warrants") attached (together "the Financing Facility") with the European High Growth Opportunities Securitization Fund ("EHGO").

Iconic intends to drawdown on the Financing Facility in up to 14 sequential tranches over a maximum period of 18 months.

Each Note has a duration of 24 months as from its date of issue.

Today Iconic submitted a drawdown notice to EHGO for the first tranche of GBP250,000.

The subsequent tranches will be as follows:
(i) GBP150,000 for tranches 2 through 6; and
(ii) GBP250,000 for tranches 7 through 14.

Under the Financing Facility, EHGO will provide Iconic with up to GBP3 million by subscribing for up to 3,000 Notes, each with a par value of GBP1,000, convertible into new ordinary shares in the Company, with the Warrants attached.

Each Note is convertible into shares of Iconic at a conversion price equal to highest of
a) 90% of the lowest volume-weighted average price of the 15 trading days prior to delivery of a conversion notice
and
b) the nominal value of the shares.

Iconic is to pay a commitment fee of GBP 150,000 in Notes under the terms of the Financing Facility.

On termination of the Financing Facility Iconic has an obligation to pay EHGO an administration fee in the total aggregate amount of twenty percent (20%) of the principal amount of all Notes outstanding at the time of the termination.



The Financing Facility is subject to Iconic complying with certain obligations and conditions precedent, including:

-- With respect to the fourth tranche onwards, that the suspension on Iconic's shares from trading on the London Stock Exchange be lifted within 3 months of the agreement being entered into, and that the shares of Iconic recommence trading on Main Market of the London Stock Exchange (the "Commencement of Trading");

-- From the first tranche following the Commencement of Trading onwards:

o the closing market price of the shares for each of the ten consecutive trading days falling immediately prior to the relevant closing date must be at least higher than 150% of the nominal value of Iconic's shares;

and

o the average daily value traded of Iconic's shares (excluding 5% of the data points from the top and excluding 5% of the data points from the bottom of the data set) for the 20 trading days immediately prior to the applicable closing date must be at least GBP 10,000;

-- From the fifth Tranche onwards, Iconic having published a prospectus;

-- No binding commitment having been entered into by Iconic pursuant to which a change of control in Iconic would occur;

and

-- No occurrence that constitutes an event of default having occurred and is continuing.
The Warrants will amount to 50% of the financing provided by EHGO such that the number of Warrants will be equal to 50% of the principal amount of the Notes divided by the warrant exercise price.



Before the trading suspension on Iconic's shares is lifted and trading resumes, the warrant exercise price will be equal to the share price immediately prior to suspension, or GBP0.00016 per share.

If the trading suspension in Iconic's shares is lifted and trading resumes, the warrant exercise price will be equal to 120% of the share volume weighted average price of the shares over the 15 trading days immediately preceding the relevant subscription or issuance request.

Iconic will only be able to draw down on the first three tranches, for a total of GBP550,000, prior to the trading suspension in Iconic's shares being lifted by the Financial Conduct Authority and Iconic is once again trading on the Main Market of the London Stock Exchange.

[pwhite73] 20/3/2023 09:34

Now down into the 4s. You can't say you weren't warned and if you think this is cheap you are so wrong. The £3 million finance arrangement with EHGOS allowed for conversions at 0.00105p. The secure creditor agreements with Linton £750k and EHGOS £750k is limited only by the nominal value of 0.0010p.

[pwhite73] 19/3/2023 13:17

The stock will start upwards if it ever gets consolidated not before.

[rafael rr] 18/3/2023 21:29

When this stock will starts upwards?!S as my idea...?thx

[city1911] 17/3/2023 18:11

I am not sure what angle you are coming from?If you hold while you are down then you are down. If it goes back up then you have not lost.If you hold while you are down and it keeps going down until it goes bust then yeah you have lost.

[pwhite73] 17/3/2023 16:41

If you owned the shares prior to suspension and have been holding ever since your losses are 70% in cash terms and more if you've been topping up on the lows. Don't let anybody ever convince you that you haven't lost until you've sold.

Now if Samsung put in a bid of £1.00 for the shares next week you will be proven right and me wrong.

[oliversanvil] 17/3/2023 16:34

You lose nothing but time if you own the shares.

[pwhite73] 17/3/2023 16:15

You can only deal with what's happening today. Yes there may well be a bidding war for ICON next week between Tesla, Microsoft and Apple but what is happening today is what you must concern yourself with.

Try applying for a mortgage and tell the bank manager you're going to win the Euro Millions next month so there shouldn't be a problem keeping up the payments with your part time job at Kwik-Fit Motors.

[oliversanvil] 17/3/2023 16:08

Of course derampers cannot go wrong whilst ICON is in limbo!.

[pwhite73] 17/3/2023 15:25

sandcrab2 - There will be no liquidation as all debts are being satisfied by the issuance of new shares. That's why the stock has lost 70% since the suspension was lifted.

OS - T trades are permanently ongoing. If PIs buy today their T trade clears next Tuesday. If PIs buy next Tuesday their T trade clears next Thursday. If PIs buy next Thursday their T trade clears Monday the following week. There is no such thing as all T trades clearing simultaneously.

[oliversanvil] 17/3/2023 15:15

Spike when all T Tradess are cleared.