Iconic Labs Takeover Rumours (ICON)

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Iconic Labs Takeover Price

Iconic Labs Takeover Forum Posts

21-09-2019
I've already put it to this thread what happens when EHGOS sell their 70m and fck off does the share price start to recover as buys heavily outweigh sells?. The answer is NO because the MM turn to ICON and say:- "look we have a shortfall of 300 million shares if you don't issue new shares at 0.10p we will have no option but to allow the share price to rise to smoke out sellers so we can settle with the buyers." DS will never ever allow this to happen as ICON needs capital to settle the legacy issues including the debt to HMRC. Some companies do allow the share price to rise where the directors and/or the major shareholders do not want to lose control. They may fear a takeover or being voted out at the next AGM.
12-09-2019
Been following the story here for a while, the current Mcap is dirt cheap, remember UNILAD was sold for circa 17 mill, if the guys can replicate the social media reach which I think they will and far excel this company will be worth many times the current price as a takeover target alone.
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