Iconic Labs Share Discussion Threads

[redhammy] 13/12/2019 17:55

Remember the jolly wheeze when the company said that there was a 0.4p floor to the issuance of shares? Or my favourite one when they said that shares weren't being forward sold?

[yorgi] 13/12/2019 17:02

Hopefully we will have something more to smile about next week 😊

[yorgi] 13/12/2019 17:01

Very Livup 😊

[yorgi] 13/12/2019 17:01

Very Livup 😊

[amd75] 13/12/2019 17:00

So what part of this extract from rns you don't understand ..... if you holding any then hold tight and don't listen pw idiot . He has nothing left as an excuse to deramp this share ... I loved him wrong so many times and shameless person keeps on coming back with different excuses ... but I will keep on exposing him .... again nothing different will be in prospectus and agm notice have every thing in it and bod won't do any thing else or issue more then £1.3m and £200m worth of shares In next year and as pw idiot said they won't and can not issue any share less then its nominal price which is .25 ..... so all good here and not so good for pw

[livup967] 13/12/2019 16:45

pretty boring indeed YORG'' but we kept yesterdays gain
that a good sign, and was unexpected as there is always a sell off
after a 14% gain, Hmmmmmmm perhaps the market is getting it after all..
and can see value in the short to medium term, and holding tight...

''time will tell''

good weekend all

speak soon

liv

[pwhite73] 13/12/2019 16:39

He and his aliases do read your posts for it is him/them ticking you down.

[katsy] 13/12/2019 16:27

That's right Yorgi, make meaningless post to keep your thread top of the lot. I would welcome comment on post 2918, as that's the crux of the matter here which will determine current holders net value.

[yorgi] 13/12/2019 16:17

Hopefully news next week confirming the progress made and increasing revenues.

[yorgi] 13/12/2019 16:16

Disappointing day after yesterday’s encouraging signs but at least the share price held.

[pwhite73] 13/12/2019 15:50

Thank you Katsy. However it is very unlikely they would seek authorisation for shares just to pay back the loan. They will seek authorisation to place shares themselves separately from any arrangements with EHGOS or anyone else. Be careful.

[katsy] 13/12/2019 15:31

The RNS dated 6/8/2019 is as clear as mud,

1. The Company has agreed to certain covenants and undertakings which it has given to the Investor. This includes, but is not limited to, satisfying the Warrant Conditions (as defined below), which involves the Company within three months of the date of entering into the Financing Agreement lodging with the UKLA for its comments a prospectus

Have they lodged the the prospective with the UK listing authority? Was this RNS'd

2. In return for the draw-down of each Tranche, the Company will issue notes ("Notes") to the Investor which will attract interest at the rate of 5% per annum and each Note will have a duration of 12 months from the date of its issue

How many Notes?

3. The Financing Agreement also provides for warrants to be attached to the Notes.
The number of Warrants to be attached to the Notes shall be calculated as follows: for each Note the number of Warrants shall be 5,000 divided by 90% of the lowest closing volume-weighted average price of Ordinary Shares ("VWAP") during the five trading days immediately preceding the date of issue of the Warrants.

So each Notes(Number not clear) will carry (at today's prices)
5000/(0.9*0.00085) = approx 6.5m shares

4. All Warrants are freely exercisable for a period of five years from their date of issue and are freely transferable. The exercise price of the Warrants will be equal to the higher of the value price ("Value Price") (calculated as 90% of the lowest daily VWAPs of the Ordinary Shares during the five trading days immediately preceding the exercise of the Warrants) and the nominal value of the Ordinary Shares on the date of exercise of the Warrants. Should the Value Price be lower than the nominal value of the Ordinary Shares, the Company shall pay a fee to the Investor based on the difference between the two and which can be settled by the issue of further Ordinary Shares.

Well the value price is well below the nominal value price (at present) so that means more shares issued.

5. Further Ordinary Shares are to be issued to the Investor once the Warrant Conditions have been satisfied. The number of Ordinary Shares to be issued will be calculated on the basis of 80% of the lowest daily VWAPs of the Ordinary Shares during a five trading days period relating to the relevant date and then multiplied by the relevant amounts, which can only be determined once the VWAPs are calculated and so it is not possible at this point in time to determine the dilutive effect this will have.

So yet more shares issues, and we don't know how many as the term relevant amounts is very vague.

So there it is in black and white, you will be diluted, they need to give EHGO £1.375m +5% back, it looks like these will be in shares and warrants. At current prices you're looking at more than 100% dilution.

[pwhite73] 13/12/2019 15:18

Look put your hands up and admit you're wrong about how they intend to repay the loan. All will be revealed soon. Just make sure you've got your seat belt on.

[amd75] 13/12/2019 14:50

Stupid question to lead In to another discussion to confuse people more .... keep trying

[amd75] 13/12/2019 14:49

All your lies are busted and nothing left for you to use to deramp this stock . Now I think is the best time to F off if you have any shame left but I doubt it ...6th August rns is there for every one to read and I'm sure you have read it too but you have to try to put some doubts in investors minds ..... every thing is in yesterday agm document and as you yourself said that company won't be able to issue shares below the nominal price then how on earth you say they will place shares at .002 p. Yiu said if stock don't get suspended by end of month you will F off , you made so many promises but never remembers them and now making same promise and I don't believe you will stick to your promise again .... so go and read 6Th of August rns again ..

[pwhite73] 13/12/2019 14:44

Here's a question for you. Were there legacy issues?

[amd75] 13/12/2019 14:39

I don understand what you saying but one thing you need to understand is that these guys took over wdc In March with legacy issues and since then they were dealing with issues and unseen problems and same time they were trying to establish a business too so I still give them a credit for clearing all legacy issues and ready to build a massive business and mind you they are expert in what they are doing ..... contracts and money will come soon now . Tough time is over and good days are near

[amd75] 13/12/2019 14:36

I told you to go and read it yourself because every thing is explain in that rns

[yorgi] 13/12/2019 14:12

I’ve decided not to bother going to AGM so I’ll just vote for the resolutions.

[yorgi] 13/12/2019 14:08

Nothing of significance, hopefully some news early next week.

[yorgi] 13/12/2019 14:07

Nothing but a few sellers today.

[ihavenoclue] 13/12/2019 14:04

Amd75, what do you think about JQ and DS talking about a 'strong pipeline' of contracts in May yet 7 months later they haven't completed one???

[pwhite73] 13/12/2019 13:46

Ok show me in the RNS of 06/08/2019 the formula used to repay the £1.375m loan and this will be my last post.

[amd75] 13/12/2019 13:07

Idiot pw read rns again and you will know how company will issue them shares .... read properly first then argue because without reading you talk non sense .... you don't even know the formula of issuing shares against 1.3m loan notes and I'm no gona tell you either ... go and study first and then talk idiot