Iconic Labs Share Discussion Threads

[endeavor2] 29/3/2023 15:12

Mugs follow leaders lead.

[endeavor2] 29/3/2023 15:11

Seems you aren't keeping up Zen12.

Selling was notched up that is why the share price dipped and now the buying has stepped up.

[zen12] 29/3/2023 15:06

Selling has been notched up a level...wonder what's coming dreading no result by Fri just 2 days away and suspension...real possibility. This could be gone for good this time, as can't see FCA will allow them back again.

[katsy] 29/3/2023 15:02

By my calculations kemche, you now own about 110% of the company.

[endeavor2] 29/3/2023 14:56

Buy low and sell high. Too many chasers buy high and sell low. Better a leader than a chaser.

[pwhite73] 29/3/2023 14:54

endeavor2 - "but time to add is when the share price has dipped."

That's correct the trouble is you don't know when the dipping has ended. If its ended at 0.0036p that you are spot on. If its ended at 0.001p you've lost two thirds of your money. Those that thought the dip ended at 0.010p and sitting on 66% losses and I haven't even mentioned those who have held since the suspension was lifted.

If the MM are allowing you to buy at 0.0037p that's because its going even lower.

[endeavor2] 29/3/2023 14:51

LOL

You are missing the target I'm afraid tom.

[tomboyb] 29/3/2023 14:49

Debt cash machine -

[endeavor2] 29/3/2023 14:45

All those chasing the gold dive in when the share price has risen but time to add is when the share price has dipped. Now wait for the plan to unfold and the share price to peak.

[endeavor2] 29/3/2023 14:43

Great price to add while down.

[zen12] 29/3/2023 14:08

Don't know why keep posting if your buys, you trying to convince you're doing the right thing??

[kemche] 29/3/2023 13:44

326 million more for me.

Fiscal.

Acumen.

[pwhite73] 29/3/2023 13:10

Trading has virtually halted. All the dummies on LSE chat have now seen the light.

[pwhite73] 29/3/2023 12:33

Yes the interims are due on or by 31/03/2023 or its suspended again. I don't see this as an issue as they've had no business from July - December 2022, so nothing to report.

Unless they decide to use the suspension as an excuse to disappear altogether.

[zen12] 29/3/2023 10:28

Think the results are also due by 31st March here? If it is and we don't get them, then there is potentially another suspension.

[pwhite73] 29/3/2023 09:20

A reminder:-

RNS 05/03/2020 - "This suspension has been requested because it has come to the attention of the Company that in respect of a number of Ordinary Shares issued and allotted by the Company during 2019, not all Form 1 submissions had been submitted"

[maxk] 29/3/2023 09:20

You need to ask .. who is mad enough to be buying? (other than the Sutton mafia)

[pwhite73] 29/3/2023 09:12

That is what I suspect is going on. ICON can only RNS what is reported to them. They cannot RNS unauthorised forward selling. This is why in their RNS statements they are particular in using the term 'valid Conversion Notice'

RNS 28/03/2023 - "Iconic Labs PLC (LSE:ICON), announces that it has received a valid Conversion Notice from the European High Growth Opportunities Securitization Fund."

RNS 09/02/2023 - "Iconic Labs PLC (LSE:ICON), announces that it has received a valid Conversion Notice from the European High Growth Opportunities Securitization Fund."

So you need to ask yourself what is an invalid Conversion Notice? The answer lies in the 28 billion sells and the share price collapsing 75% since relisting.

[oliversanvil] 29/3/2023 08:59

"secured creditors"------ not just EGHOS!

[pwhite73] 29/3/2023 08:54

Since the last conversion on 09/02/2023 there have been a total of 28 billion sells. This would be about right if the secured creditors were converting their debts into shares. Are we really to believe only 1.3 billion sells have been from EGHOS.

The FCA needs to suspend the stock again like they did last time and insist the company investigates how many unauthorised shares are in issue.

[kemche] 28/3/2023 17:37

Another 736 million for me.

GLA long term Daves!

[oliversanvil] 28/3/2023 17:24

Another silly person!