Iconic Labs Share Discussion Threads

[fsa15] 09/2/2020 16:04

It is what it is in terms of widecells. Just got to work to get over and past it now

[yorgi] 09/2/2020 15:19

Very likely in my opinion.

[oliversanvil] 09/2/2020 15:05

Still Waiting's NAP Share--He/She ? (that's quite appropriate) maybe right!

[bernymadoff] 09/2/2020 14:52

In all honesty I dont think we will be seeing sub 0.1p again after this week

[still waiting] 09/2/2020 14:14

The high volume buys a few days ago were clearly those in the know imho.

[datait] 09/2/2020 14:12

Tomorrow will be interesting as will the next 2 weeks this will multi very quickly now all in place.

Just a matter of time folks buys will be huge from the off. I will be topping up for sure.

[pwhite73] 09/2/2020 13:54

bernymadoff

That's right £1 million market cap is nothing. But in order for the share price to double what needs to happen is for the company, its brokers, its nomads and EHGOS to sit on their hands and allow existing shareholders to reap the benefits of demand for the shares outstripping supply for the shares. The whole purpose of death spiral funding is not to allow this to happen. Any new money spent on ICON shares has to go EHGOS. They can only achieve this if existing share holders cannot compete for new money. There is only one way they can do this and it is to keep the share price below what everybody bought at. New investors love this because they are buying at an all time low like you did once. This is why through the technical process of how this type funding works your shares at 0.07p will soon trade at 0.05p whilst all the newbies will be screaming what you were screaming once - "The price of these shares are ridiculously cheap".

Try and separate the company's mode of operation from yours as an existing share holder and ordinary private investor.

[still waiting] 09/2/2020 13:45

GSN looks a corker, 10 more of them and we will be well on the way to ladbible status in due course.

[bernymadoff] 09/2/2020 13:40

Won't take much to double bag it from a £1m market cap

[livup967] 09/2/2020 13:37

looking forward to PROACT write up and another SHAREPICKER interview
with JUSTIN as J/Q seems to have a regular spot now'''

it was such a well time RNS that none of the news channel picked up on it
or had time to feature it on there site..

looking forward to some good press Monday onwards..
and hopefully a rising share price .. and a good week for LTH... and new investors
as more detail come out...

PS: there is talk, that EHGO has effectively become an investor in ICON NOW'' with this deal
and would want to see a rising share price with regular news ''we will see''

''GOOD NEWS INDEED''

[pwhite73] 09/2/2020 13:12

bernymadoff - "The company will lift the share price with value accretive news between now and the GM because they have no other choice....So the share price will be significantly higher on the drawdown. Let us assume the drawdown happens at 0.3 this means EHGOS will get their stock at 0.27 as it's 90% of VWAP"

Well if that is the scenario then everybody wins, existing shareholders, new shareholders, ICON and EHGOS. The only caveat is that ICON told you in the RNS 07/02/2020 that institutional holders are not interested in the equity until the balance sheet is cleaned up. So any rise up to 0.30p (400% from where we are at the moment) will be solely down to PIs.

Speak Later.

PS yorgi Yes please abandon the moderation and allow people to speak their minds we are all adults here.

[fsa15] 09/2/2020 12:52

Filter and ignore him!!

[bernymadoff] 09/2/2020 12:45

What I can't get into my skull is why someone is getting so emotionally involved about a stock in which he is not invested to the extent that he sees the need to even lie about the facts that are clearly presented in black and white.

The company will lift the share price with value accretive news between now and the GM because they have no other choice. The share price will rise as traders buy in and LTHs average down because there is no risk of dilution until the first drawdown which can only take place after shareholders have voted through the new funding package on 27 Feb.

So the share price will be significantly higher on the drawdown. Let us assume the drawdown happens at 0.3 this means EHGOS will get their stock at 0.27 as it's 90% of VWAP.Obviously they will need to sell at this level to recover their loan or higher if they want to make a profit.

So firstly the share price will establish a new higher base and secondly, providing that the company can continue to release good news the share price will continue to rise even as EHGOS sell down their allotted stock because they can only sell above the price at which they received their stock. Yes any rise will be tempered by their selling but the fact that they can't sell below a certain price puts a floor under the share price

That's how this type of finance works and that's why it's a damned sight better than what was previously in place.

[pwhite73] 09/2/2020 12:30

What will happen next is that ICON will issue RNS news to try and shift more stock but as PIs buy EHGOS will convert at 90% VWAP lowering the share price on each conversion.

The trick that needs to be performed is this. The news and subsequent PI buying has to outweigh the EHGOS conversions and dilutions. Only when that happens will you see a rise in the share price. The problem for you existing share holders is that just like yourselves new PIs are only interested in the stock at lower prices. They will do exactly what you guys have done buy when low. This is what death spirals are all about. The company and its backers are only interested in fresh money from new shareholders not returning money to existing shareholders.

Death spirals can only function if existing shareholders can only sell at a loss. Therefore by default new shareholders must only be allowed to part with their cash for shares from the conversion loans and not from existing shareholders other wise EHGOS would not get paid back. This is why the share price is going down.

[pwhite73] 09/2/2020 12:25

livup967

I stand firm on the £1.375 million. There is no 30% reduction of that money and none of it has been paid back yet. It was agreed on 06/09/2019 and has been borrowed over the last six months and there have been no conversions to pay any of it back as yet.

The new facilities have been put in place to address the £1.375m loan and previous outstanding debts to EHGOS. Who filters me I really couldn't give a sh!t.

[bernymadoff] 09/2/2020 12:12

I don't mind people spelling out the negatives but not from a position of ill intent which is what PWhite does. He trolls then works backwards to justify his trolling. How anyone can think that this deal is worse than the situation we were stuck in last week is beyond me

[fsa15] 09/2/2020 11:52

Berny just click on the users name and then select filter.
No point engaging with people like plies73

[pwhite73] 09/2/2020 11:34

The important thing is that you now understand the difference between the Deed of Issuance and the Deed of Settlement. That is what good BB conversation is all about.

As for ShareProphets they haven't said anything you don't already know. Although I hadn't noticed the error in the calculation of the deferred share price but that is irrelevant in the scheme of things.

[bernymadoff] 09/2/2020 11:19

Keep digging mate. It's there in black and white. I see your buddies at Share Prophets have been sticking the knife in this morning. Didn't expect anything less. Personal grudges masquerading as analysis. Shame on you