Share Name Share Symbol Market Type Share ISIN Share Description
Iconic Labs Plc LSE:ICON London Ordinary Share GB00BD060S65 ORD GBP0.0025
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.17 79,575,366 15:18:29
Bid Price Offer Price High Price Low Price Open Price
0.165 0.175 0.17 0.16 0.17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
 
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:52 O 2,804,518 0.17 GBX

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Date Time Title Posts
20/8/201923:48Iconic Labs ... UniLad v2.0 .. all new and improved reboot :)1,917
20/8/201920:43ICONIC LABS - New media and technology business701
18/8/201920:09New beginning 108
17/8/201923:14Icon: the clue is in the name. I con. 27
16/8/201915:53Iconic Labs PLC10

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Iconic Labs (ICON) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-08-20 15:29:530.172,804,5184,767.68O
2019-08-20 15:28:420.17580,634987.08O
2019-08-20 15:28:200.171,207,7302,000.00O
2019-08-20 15:24:480.173,750,0006,375.00O
2019-08-20 15:21:570.17552,754942.45O
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Iconic Labs (ICON) Top Chat Posts

DateSubject
20/8/2019
09:20
Iconic Labs Daily Update: Iconic Labs Plc is listed in the sector of the London Stock Exchange with ticker ICON. The last closing price for Iconic Labs was 0.17p.
Iconic Labs Plc has a 4 week average price of 0.11p and a 12 week average price of 0.11p.
The 1 year high share price is 0.29p while the 1 year low share price is currently 0.11p.
There are currently 0 shares in issue and the average daily traded volume is 118,032,810 shares. The market capitalisation of Iconic Labs Plc is £0.
20/8/2019
12:21
pwhite73: A good synopsis but what you've overlooked is the DS factor. ICON can come good with the share price remaining in the doghouse. To make money on this stock requires DS sitting on his hands whilst the share increases in value. He can no more do this than a mouse can ignore a lump of cheese.
19/8/2019
07:32
pwhite73: From Gary Newman at share price .. It never ceases to amaze me how willing many private investors are to forget past failures and accept that a complete change of direction in a business is suddenly going to bring success. WideCells (WDC) failed as a stemcell research business, so it has now reinvented itself as a media and technology business, having changed its name to Iconic Labs (ICON), and many are immediately assuming that the new company will be a big success. A lot of the excitement seems to revolve around the previous involvement of Iconic CEO John Quinlan, and chief business officer Liam Harrington, in social publisher Unilad. What seems to be mentioned less often is that Unilad went into administration last September before a deal was finally done with LadBible to save the business, although it would be downsized, as LadBible owned a significant chunk of its debt. Around the same time as all this was going on, former LadBible creative lead Jono Yates, now working for Dugout, incorporated a company in the UK called Social Alchemist Ltd. Iconic (or WideCells as it was still known then) set up a media and technology division back in March, at the time Quinlan and Harrington joined the board. On August 6 an RNS landed stating that Iconic had signed a heads of terms agreement to purchase Social Alchemist using a mixture of cash and shares. What is strange though is that both parties are refusing to disclose the actual amount of the consideration being paid, and given that Iconic is a PLC I don’t really see how this information can be kept from shareholders. The RNS stated that Social Alchemist is ‘revenue generative, cash flow positive and profitable’ but no further indication is given as to exactly what extent – especially when it suddenly becomes part of Iconic, and with all of the corporate overheads that it has, I suspect it will be far from profitable at its current level – and it will be some time before we see the Social Alchemist accounts for the period in question. In early August the company also announced that it had secured up to £1.375 million, gross, of financing from the European High Growth Opportunities Securitization Fund over a six month period. The company has stated that it hopes that this financing will settle its outstanding debts – although there seems to be some confusion as to exactly what is still owed as it is still in dispute with creditors to the tune of £400,000, and if it loses then it would also be liable for that, although it has made a contingency for that. Looking at the way in which the funds are drawable over the six month period, and the fact that warrants are attached to them at a 10% discount to the volume weighted average price over the five days prior to exercise, or at the nominal value of the shares if that is higher. If they are exercised at nominal value then a fee is payable by Iconic equal to the difference in price. Currently the nominal value of the shares is 0.25p and the shares are trading at 0.15p, so things don’t exactly look great for the company unless it can turn that around quickly, as the warrants are exercisable as soon as they are issued, with a five year term. It also had to issue nearly 238 million shares to EHGO in settlement of previous debts, so that has given it an awful lot of firepower to sell and to keep the share price low – which is in its interests to do so whilst the finance is being drawndown over the coming months, as it will ensure that it receives a larger number of warrants (the amount issued is also based upon the VWAP over a five day period) and a guaranteed minimum exercise price of 0.25p (with Iconic being responsible for the difference, in money terms, for anything below that). So, taking all of this into account, the company is basically in a death spiral financing agreement, for an amount which may only settle all of its existing debts and leaving very little working capital, and with potentially huge amounts of shares to flood onto the market over the coming months. Based on all of this you have to wonder why on earth Social Alchemist would choose to sell to a company like this. If it really was a strong private company with such exciting prospects, it would easily be obtaining funding from angel investors/venture capitalists, or at the very least would sell to a listed company that had the funding available to accelerate growth – if it is as good as it sounds then they should have been queuing up for a piece of it. You certainly wouldn’t sell to a company that was in trouble, had little in the way of working capital, and little prospect of raising further capital. Don’t forget that Iconic can’t raise capital at below the nominal share value of 0.25p, which is around 65% above the current share price level. I suspect that the accounts of Social Alchemy are far less impressive than has been hinted at in the RNS – it could have a tiny revenue and profit, and still fit the description of it in that release. As if all of that wasn’t enough of a concern, the executive chairman of the company is David Sefton, who doesn’t exactly have the best track record to say the least. On top of that the company has been heavily pumped across social media, including by those who have a track record of being involved in causing brief spikes on micro cap companies before disappearing when the share price subsequently crashes. Often this is accompanied by rumours, or even fake articles sometimes, and in this case the story doing the rounds is of a £3 million deal with Sega! The market cap here is only £2 million so I suspect it will continue to be prone to wild share price swings, and some will benefit from trading that, but as an actual investment I can’t see any reason to buy it, with large amounts of further dilution due and the company in a position where it is unable to raise any further funds via an equity issue currently. I suspect that it will get rinsed by EHGO, and the £1.375 million debt is repayable after 12 months, along with a 5% interest rate, so where on earth is that money going to come from? Unless that debt also gets converted into shares and the death spiral financing continues. If you do try to have a trade here, just make sure you aren’t the one who ends up holding when it does come tumbling down.
18/8/2019
23:34
bumpa33: Beware any stock that serial junk pumper yorgi is pushing... From Gary Newman at share price .. It never ceases to amaze me how willing many private investors are to forget past failures and accept that a complete change of direction in a business is suddenly going to bring success. WideCells (WDC) failed as a stemcell research business, so it has now reinvented itself as a media and technology business, having changed its name to Iconic Labs (ICON), and many are immediately assuming that the new company will be a big success. A lot of the excitement seems to revolve around the previous involvement of Iconic CEO John Quinlan, and chief business officer Liam Harrington, in social publisher Unilad. What seems to be mentioned less often is that Unilad went into administration last September before a deal was finally done with LadBible to save the business, although it would be downsized, as LadBible owned a significant chunk of its debt. Around the same time as all this was going on, former LadBible creative lead Jono Yates, now working for Dugout, incorporated a company in the UK called Social Alchemist Ltd. Iconic (or WideCells as it was still known then) set up a media and technology division back in March, at the time Quinlan and Harrington joined the board. On August 6 an RNS landed stating that Iconic had signed a heads of terms agreement to purchase Social Alchemist using a mixture of cash and shares. What is strange though is that both parties are refusing to disclose the actual amount of the consideration being paid, and given that Iconic is a PLC I don’t really see how this information can be kept from shareholders. The RNS stated that Social Alchemist is ‘revenue generative, cash flow positive and profitable’ but no further indication is given as to exactly what extent – especially when it suddenly becomes part of Iconic, and with all of the corporate overheads that it has, I suspect it will be far from profitable at its current level – and it will be some time before we see the Social Alchemist accounts for the period in question. In early August the company also announced that it had secured up to £1.375 million, gross, of financing from the European High Growth Opportunities Securitization Fund over a six month period. The company has stated that it hopes that this financing will settle its outstanding debts – although there seems to be some confusion as to exactly what is still owed as it is still in dispute with creditors to the tune of £400,000, and if it loses then it would also be liable for that, although it has made a contingency for that. Looking at the way in which the funds are drawable over the six month period, and the fact that warrants are attached to them at a 10% discount to the volume weighted average price over the five days prior to exercise, or at the nominal value of the shares if that is higher. If they are exercised at nominal value then a fee is payable by Iconic equal to the difference in price. Currently the nominal value of the shares is 0.25p and the shares are trading at 0.15p, so things don’t exactly look great for the company unless it can turn that around quickly, as the warrants are exercisable as soon as they are issued, with a five year term. It also had to issue nearly 238 million shares to EHGO in settlement of previous debts, so that has given it an awful lot of firepower to sell and to keep the share price low – which is in its interests to do so whilst the finance is being drawndown over the coming months, as it will ensure that it receives a larger number of warrants (the amount issued is also based upon the VWAP over a five day period) and a guaranteed minimum exercise price of 0.25p (with Iconic being responsible for the difference, in money terms, for anything below that). So, taking all of this into account, the company is basically in a death spiral financing agreement, for an amount which may only settle all of its existing debts and leaving very little working capital, and with potentially huge amounts of shares to flood onto the market over the coming months. Based on all of this you have to wonder why on earth Social Alchemist would choose to sell to a company like this. If it really was a strong private company with such exciting prospects, it would easily be obtaining funding from angel investors/venture capitalists, or at the very least would sell to a listed company that had the funding available to accelerate growth – if it is as good as it sounds then they should have been queuing up for a piece of it. You certainly wouldn’t sell to a company that was in trouble, had little in the way of working capital, and little prospect of raising further capital. Don’t forget that Iconic can’t raise capital at below the nominal share value of 0.25p, which is around 65% above the current share price level. I suspect that the accounts of Social Alchemy are far less impressive than has been hinted at in the RNS – it could have a tiny revenue and profit, and still fit the description of it in that release. As if all of that wasn’t enough of a concern, the executive chairman of the company is David Sefton, who doesn’t exactly have the best track record to say the least. On top of that the company has been heavily pumped across social media, including by those who have a track record of being involved in causing brief spikes on micro cap companies before disappearing when the share price subsequently crashes. Often this is accompanied by rumours, or even fake articles sometimes, and in this case the story doing the rounds is of a £3 million deal with Sega! The market cap here is only £2 million so I suspect it will continue to be prone to wild share price swings, and some will benefit from trading that, but as an actual investment I can’t see any reason to buy it, with large amounts of further dilution due and the company in a position where it is unable to raise any further funds via an equity issue currently. I suspect that it will get rinsed by EHGO, and the £1.375 million debt is repayable after 12 months, along with a 5% interest rate, so where on earth is that money going to come from? Unless that debt also gets converted into shares and the death spiral financing continues. If you do try to have a trade here, just make sure you aren’t the one who ends up holding when it does come tumbling down.
11/8/2019
08:56
pwhite73: livup967 - "and we can all put this to bed like it never happen" Like what never happened?. The RNS announced on 06/08/2019 or the crash in the share price to 0.12p. The first precipitated the second. ICON intends to raise £1.375m through the use of variable conversion loan notes identical to the ones that strangled the share price to near death before. 'put this to bed like it never happen'? What do you think happened? Tuesday's RNS was all a bad dream and mug PIs will wake up from the nightmare Monday morning to find the RNS gone missing and the share price back to 0.32p.
10/8/2019
09:41
bearbulls: So, if there are to be more unknown legacy issues and more cash requirements then share price can go even lower.....dont even know if the share price can recover even after so much dilution....unless we get some large scale contracts in the future. And a decent website.
08/8/2019
23:42
pwhite73: 1bhs - "It’s the unknown dilution" Wrong. The company has told you how much money they intend to raise which is £1.375m. If they raise it at 0.10p that'll be X amount of shares if they raise it at 0.20p that'll be x - 50% amount of shares. That is not the problem. The problem is every time they exercise the conversion and warrant loan notes it will be at 90% and 80% to the prevailing share price no matter what it is. This is a mechanism for driving the share price down irrespective of any news. Off to bed now. And to think I haven't charged you a single penny for the master class I have given you tonight.
08/8/2019
23:26
pwhite73: Your concern is not the dilution. It would be quite acceptable for EHGOS to own 99% of the company if the share price is at 1p. What DS is doing is extracting value from your holdings not by dilution but by issuing shares below the market price. That is what is killing the stock price and what death spiral financing is all about. DS is effectively transferring money held in the value of your stock into his and Iconic's bank accounts. The new death spiral finance is set at 90% of the share price and the warrants are set at 80%. Together these two will drive the share price lower than it is today and no amount of positive news can reverse this technical trend. Why do think even at this pathetic all time low price people are still bailing.
08/8/2019
23:07
pwhite73: You do not work for the company (as far as I'm aware). So the legacy issues, the official launch, director holdings and new contracts have next to nothing to do with you. You primary concern is the share price. All the above can happen with the share price still being down another 50% from today's closing price. Your fortunes will only turn around when DS behaviour to mug PIs changes from one of contempt to respect. Do not think for one moment positive events are going improve your bank balance they won't. What is required is a cultural change on the part of the Chairman towards retail shareholders.
27/7/2019
16:45
smokingjoe: good day,Today 13:34 Ignore the politics - this is an example of how Facebook can be used to achieve advertising (and other) objectives by targeting very specific groups of people in specific locations. https://twitter.com/i/status/1155058987974496256 In the case being described the objective was achieved. See my previous post as to which guys were top of the Facebook rankings in 2018 - hint - they now work at Iconic Labs. The intelligent use of Facebook, the data generated, feedback loops and the internet to achieve political and commercial objectives in the real world is worth big money and I'm sure that the Iconic guys will be in great demand. The share price presently reflects none of this potential. Quite happy to sit August out. The person speaking in the video is now a special advisor at 10 Downing Street.
21/7/2019
09:37
pwhite73: LB28 - "The trouble is Quinlan and co could create a 100mil+ company but with Sefton and EHGOS around we could never see any of that reflect in the share price " This is what I have been saying all along. The £1 million contract should have sent the share price soaring. But for DS an AIM/mircocap listing is all about screwing every single penny out of mug PIs. You should all read TW's ShareProphets write ups on the recent AAOG funding scandal. Its truly shocking and thoroughly exposes DS for his contemptuous attitude towards retail shareholders. I also strongly suspect there is a placing being worked here at about 0.20p. The outstanding Widecells legacy issues will be the excuse used to justify the call for more money.
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