Iconic Labs Share Discussion Threads

[oliversanvil] 22/3/2023 10:01

"They claim their business is acquiring AI and technology companies, with what money exactly?" It will all come out stating they have financial backers.

[chinese investor] 22/3/2023 09:50

Good Post !

[pwhite73] 21/3/2023 22:38

city1911 - "Tell me one stock you hold and are positive about?"

You have a very short memory. You seem to forget I was the number one ramper for this stock from the day it went into administration. I firmly believed in the team led by the American CEO. But you have to deal with the facts in front of you not what you wish for.

They claim their business is acquiring AI and technology companies, with what money exactly?

A further drawdown from EGHOS requires a prospectus and any further drawdowns mean more dilution and a falling share price for you. There is the other business of Linton (DS) and EGHOS also holding security over this company valued at £1.5 million. In the finance agreement with EGHOS it states if the control of the company changes than the whole deal is off and they have to pay EGHOS 20% of the remaining £3 million facility. To date they have drawn down £700k so any termination means they have to pay EGHOS £460,000, 20% of £2.3 million.

EGHOS and I also suspect DS rescued the company from liquidation. This was to prevent the Insolvency Service from investigating its demise and the role they and the three directors on £200k each played.

If you hold you may get a little tick up on some spurious RNS but the path is downwards for this stock as everybody has their snouts in the trough at your expense.

[tomtum1] 21/3/2023 22:21

Thanks City, can I ask what attracts you to these type of stocks?

[city1911] 21/3/2023 19:46

Very original Tom. Well done lol

[tomtum1] 21/3/2023 19:09

Another lifestyle share with directors lining their pockets. Can't believe they managed to get out of suspension

[city1911] 21/3/2023 18:26

Tell me one stock you hold and are positive about? Just to show some balance that you are not permanently negative in life about everything lol

[city1911] 21/3/2023 18:24

You are odd fella. You come across like you are reading a book and get paid for the privilege lol

[pwhite73] 21/3/2023 18:00

OS - A shell company is a legal term in investment. Listed shell companies normally have six months to do an RTO or they are delisted. I am not aware ICON is required to meet any such deadline. ICON is a trading company its line of business is as below.



"About Iconic Labs - Iconic is a media and technology business focused on the identification, acquisition and growth of technology driven companies in the online media, artificial intelligence, and big data gathering, processing and analysis sectors."

[pwhite73] 21/3/2023 17:51

city1911 - At this end of the market there is no money to be made strategically. The shares are listed so the directors can extract money and live executive lifestyles. Sometimes you can get lucky and investors pile in on positive news. For example VAST share prices was at 0.18p and falling. The company announced a Zimbabwean judge had kept safe £15 million worth of diamonds in a vault for them. The stock rose from 0.18p to 0.90p. They done a placing at 0.55p and no more has since been heard of the diamonds.

ICON board have the authority to issue up to 150 billion shares. That's how they are going to extract virtually every penny from PI investors. But every lower level gives hope to new investors.

[city1911] 21/3/2023 17:13

I rarely see you post positive about anything and you continue to post on BBs you do not even hold. Bizarre fella. Bizarre. Keep bashing if that makes you happy but do not try and make out you are warning people because it is utter tosh. You need to be careful that you do not come across as given advice!

[oliversanvil] 21/3/2023 17:08

LIFESTYLE COMPANY.---you mean SHELL COMPANY

[pwhite73] 21/3/2023 16:18

OS - "Definitely sutle deramping agenda."

Its not subtle at all. KEEP AWAY FROM ICON BECAUSE ITS STILL NOTHING BUT A LIFESTYLE COMPANY.

[pwhite73] 21/3/2023 16:16

Yes PIs are not really biting at the moment. People see tens of millions of shares bought but its small money given the share price. In order to clear the £1.8 million owed to Linton and EGHOS they will need to take the price closer to the nominal value.

[oliversanvil] 21/3/2023 16:16

Definitely sutle deramping agenda.

[zen12] 21/3/2023 15:28

See your downgrading forecast further it was 0.003...now 0.0011 lol

[pwhite73] 21/3/2023 12:13

I did warn you didn't I. The conversion dumpers would take a breather allowing confidence to build up before dumping again. This stock is untouchable before 0.0011p is hit.

[kemche] 21/3/2023 10:35

I continue to average down. 900 million more for me.

Heads.

Will.

Be.

Ripped.

Off.

[pwhite73] 21/3/2023 10:35

When the shares hit a new low. The conversions stop selling to allow for a mild recovery. Those who bought at 0.005p feel smug. When it dips under 0.005p again more people buy as they've seen the potential to recover (up 16% today). When enough PI mugs have bought the conversion selling resumes. Once it goes under 0.005p again it stays there and heads for under 0.004p.

Don't be fooled by the fake blue.