Iconic Labs Takeover Rumours (ICON)


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Delay in takeover of Irish arm of Joe Media https://tinyurl.com/y5pw2x26
~~ADVFN*MODERATEDFund giant closes in on takeover Sam Chambers, Retail Correspondent Sunday September 13 2020, 12.01am, The Sunday Times https://tinyurl.com/ybr74wla
Fund giant closes in on takeover Sam Chambers, Retail Correspondent Sunday September 13 2020, 12.01am, The Sunday Times https://tinyurl.com/ybr74wla
phil196929 Aug '20 - 09:49 - 1633 of 1638 "There comes a point where you can print as many shares as you like but if retail don’t buy them, EGHOS will be left holding 50% of ICONS shares." ________________________________________________________________ Phil, that will never happen, as at 30% they would be required to make a takeover bid. So if the time ever comes and they're stuck with a tranche it will be well covered with the previous profits they've made month on month.
computercoders - "Hostile takeover might be coming guys." What exactly are you taking over as they don't own anything outright. Joe Media is owned by DS. Infotagion is owned by a consortium of people including DS. GSN is only a name not even a company. They'll be nothing hostile about your takeover just ask them and they'll hand ICON over for free so long as you give the guys their severance pay plus bonuses for doing fck all.
Hostile takeover might be coming guys.
Stop being a dick. They are constantly working on deals and contracts. In these circumstances they are not allowed to buy shares in their own company. There has to be a period of time where they are not about to land yet another contract or takeover deal for directors to be able to trade in shares in their own business. It called insider trading if they do!!I presume you’ve never been a director of a PLC and therefore not fully up to speed. Disappointed they didn’t buy in at startup but yes, they knew the destructive effect of the debt payback. So would anyone who read the prospectus. You are a really unpleasant person.
"believe it is beneficial for the company to exit the subscription agreement by paying in shares" Zxie, EHGOSF are being paid in shares, which they subsequently dump in the market and convert to cash. This is the only way it can be done, otherwise they would be required to make a takeover bid at 30% holding.
On the dictators thread,'Still Waiting' quotes:- "eghos could see huge gains on their equity if they agree to hold now." Claims to be invested, so should be aware of the obvious. EHGOSF cannot hold or they would have to put in a takeover bid. They need to offload each conversion to stay below 30%, so they can do it again, month on month. ICON's BoD requires them to do it, it pays the wages! Then there's the £1,000,000 extra for the loan to DS for JOEMedia, how will that be funded (EHGOSF)?
I'm still hoping the London Stock Exchange will step in and suspend the shares for being in breach of the takeover rules. You see the purchase of Joe Media is technically a reverse takeover. Icon claim they are only managing Joe Media assets whilst Greencastle/DS will own them. But this is utter rubbish because according to the RNS ICON are lending Greencastle £1 million as part of the deal. If the loan goes ahead then ICON mug PIs are in reality the legal owners of Joe Media. Trouble is the twats are just too thick to realise this. "if only we can a better finance deal, if only we can get a finance deal" the muppets.
Such a clause does exist but its to do with liquidity. If he ehgos can't convert £250k in a month they can carry it over into the next month and right up to the end of the commitment period which is 12 months. The reduction of ehgos holding to zero may not have anything to do with alternative financing or revenues but the injection of another company. Icon are small enough to be subject to a reverse takeover. All should be revealed next week.
liarup967 - "2 price monitor so far Hmmmmmmm" Its only on this POS that a price monitor extension is treated like a takeover approach. That's how bad things are.
off topic but relevant in the scheme of things I see MTFB done 600% again today on no real news and done 1100% 1 month ago as well when SP was 0,03p like us.. i think the CO bought out 2 speeding ticket so far saying that they only have enough funding until june have not got a business anymore, and they are a cash shell waiting on cancelling there listing if they don't find a reverse takeover soon but traders are having none of it LOL'' as they chase it to the moon it can happen here giving the right set of circumstances the market is a strange place, with strange mentality and can reward shit, and overlook a good story.. on purpose.. and let it go when we get fed up, and stop looking… ''TRUE STORY'' liv
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