Iconic Labs Share Discussion Threads

[pwhite73] 19/12/2019 23:20

The deadline for issuing the prospectus to UKLA for comment was 06/11/2019.

The deadline for issuing the prospectus to shareholders is 06/02/2020.

The problem here is the authority to issue shares after resolutions have been passed at the AGM and the authority to issue shares after the publication of the prospectus are two different authorities. Shareholders need clarification on how many shares they intend to issue and through which of the two methods.

[amd75] 19/12/2019 16:59

I don't think they are so stupid that they will default on prospectus but if funds agrees and they don't publish one then it should be fine . To me if prospectus is not published and some thing else is negotiated then share price relation will be huge so I'm taking a clue from prospectus is not being published that we could be receiving a good news soon and we won't have to wait for too long now ...... give it till January when we will hear loads of good news imho .....

[ihavenoclue] 19/12/2019 16:51

Amd75, that's just it about the ICON board. They are breaking things they either put in place or said they would do such as 'monthly' Q&A with the last one over 2 months ago. A prospectus that hasn't appeared - does that mean they have defaulted on their side of the finance agreement?Add to that no word of revenue or contracts and it is no wonder the share price is where it is.

[yorgi] 19/12/2019 16:31

No question the chart looks horrendous 😐

[yorgi] 19/12/2019 16:23

Of course they have to deliver that news first.

[yorgi] 19/12/2019 16:23

From such a low market cap on the right news the correction would be very sharp.

[amd75] 19/12/2019 16:19

Tbh I think they have different plan to pay off 1.3m then issuing shares against £1.3m and I have reasons to believe that . Last time when they made finance agreement with fund they published prospectus with in 3 months and this time we are almost in 6th months and no sign of prospectus and to be honest if they were thinking to publish one then they would have published it before agm and to remind you that they can not issue any share to fund unless they publish a prospectus .. now since there is no prospectus then how they gona pay off 1.3 m well that needs to be reveal .... they are either negotiating with funds or looking in to more practical and better option to pay off £1.3m loan .... time will tell but I feel we will hear a good news about finance soon ...

[yorgi] 19/12/2019 16:08

2020 will either be the year for the rise in ICON....... Or not !

If JQ proves to be as good as his word then it will be.

[yorgi] 19/12/2019 16:05

We can of course smile Livup 😊

[ihavenoclue] 19/12/2019 16:04

Amd75, have a look at the finance agreement RNS. It states the price of 0.25p but also if the share price is less then more shares will be issued to make up the difference. So at current price that is another 3 shares for every one they issue.I feel the BOD have completely lost contact with PI's and are talking about how big the company will be when there are huge questions over how they can pay back EHGOS and how much dilution there will be.I don't understand how they think they will get resolutions passed when PI's have no idea the revenue situation.

[livup967] 19/12/2019 15:54

LOL'' YORG'' we won't say that name, as much as we would like to...
we must not feed

[yorgi] 19/12/2019 15:52

By the way Livup as I’m sure you know votings forms have to be received tomorrow. I gave careful consideration and voted with them all.

JQ and the other directors will be better placed than Mobsters in making a fair judgement whether DS is an asset to the company or not.

[yorgi] 19/12/2019 15:48

Now who is it he reminds me of here 🤔

[yorgi] 19/12/2019 15:47

Off topic

Jeremy Corbyns’s face is a picture on the walk to the LORDS. He really is a bitter and twisted man.

[amd75] 19/12/2019 15:41

In same agm document bod insisted that they have no intention to exercise share allocation authority..... so I don't think they will issue more shares to raise money because don't think they need to raise any money .... In same document they asked to authorise them to purchase company shares at minimum 0.25 price and cancel them .. what you make of this resolution.....

[yorgi] 19/12/2019 15:22

Right now the only thing ICON needs is some substantial and verifiable news that more progress is being made than the share price suggests.

[livup967] 19/12/2019 15:19

no one ever knows that YORG' LOL'' it's pointless asking SW that..
we can only speculate that it's going on out there, and it's widespread

but J/Q was truthful in the first Q&A and told his investors
that EHGO forward sold them shares they did not own, before it was issued
and perhaps?? made a lot of money, 277m shares share price was 0.25p at the time..
I have not work out how much they made myself, and don't want to know
as it would wind me up...LOL'''

I still believe in J/Q, and that he will put it right
at some point, despite any drop in SP

[yorgi] 19/12/2019 14:55

Have you any evidence to support that ?

[yorgi] 19/12/2019 14:54

That is in general terms.

But do you know that SW ?

[still waiting] 19/12/2019 14:52

more expensive!!!

the company is allowing a select few to make millions here imho.

[yorgi] 19/12/2019 14:48

The problem with funding through the whole register of shareholders is often more expensive and takes a lot more time to be completed.

However I do agree it would be preferable.

[yorgi] 19/12/2019 14:45

Forward selling is already no supposed to happen as I understand it Livup. How much of does go on is the big question but I’m sure it could be reduced if not almost stopped by stronger regulation but nothing ever seems to happen.

Whether this is what is happening with ICON is down to speculation.