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when alot can;t see value - then there is value - when many can see value - there is less value left. why do you think 10 baggers+ are so hard to get on to.
Theanalyer - Not the full analysis - your nearly there.
David Sefton has asked ICON management team to sit on baord for Joe Media as they run the business for him - and has agreed to pay all ICON costs + monthy fee's and 25% all profit from Joe Media!
Why woudl they buy shares of loss making statup? That woudl be stupid - have already explained that - BUT they can now going forward. If they do will pps multi bag? oh yes.
Icon said they are looking to terminate agreement as soon as possible - and had to allow legacy debt to sold and responded quickly before the price hit new highs. So I am glad they did, so we can buy with the seller.
They are generating cash now - and were not before, zero - and about to takeover Joe Media which is £10M y/y groth business. Davdi Sefton and team got it cheap after they defaulted on their loans Now there were 17 buyers for Joe Media business and David Sefton with help of Icon boys managed to beat them all! Thats huge endorsment in my books. They know the market and have skills ready to use.
Good luck to you too - based on your what ever postion you hold (short or out).
A little paitence is required here. The engine has started and ticking, and journey will become.
I never said Icon was great - I am saying it showing signs for huge upside from the low of the lows. Is that a bad thing now?
tomorrow we may up or down - that should not face anh buyer holder - as value is about to stick out like sore thump.
Magmanus_49
Joe Media businesses will be primarily owned by David Sefton so all the Intangible value in the brand will accrue to him until such time as Icon concert their loan for a piece of the action.
Both Joe Media in UK and Ireland start off with significant debts from previous lender (you can see this if read Companies House filings).
If Joe Media is such a great business why did David Sefton give Iconic the chance to own some of its shares rather than keep it all to himself?
Why do none of the Directors still own a single share of the 22 billion shares in issue if it is such a bargain?
Why hasn’t David Sefton who isn’t a director bought some shares in this great company?
Why didn’t Iconic tells us its current cash balances in latest financing update?
Good luck with your investment but poor quality companies can perform well for a while but sooner or later the lack of cash causes the share price to trend to nil.
Cahus -(and fthose in simlair stituation ) - You have let your emotions to get better of your - as many others may have done. You wanted short list of reason to buy - not long eassy as that is too much info and you want it on the plate ready to eat - don;t we all - here you go:
''ICON was a startup, loss making, share captital was only source of income, and only recently has just started landing contracts, starting to make revenue , 1) now very recently working for multi-national consumer goods company ), 2) has immiediate short term service contracts with Joe Media, 3) Already they have started building pipeline for Joe Media (uk), 4) looking to take over 100% of Joe Media (Ireland). And trying hard to get out of old financing agreement - as now no longer need to pay the bills - closed off legacy debt payment that came up as they started negociations to cancel the agreement.
So in nutshell - now is time to invest in ICON and buy back in Icon and hold for more. And note - any de-ramper/ negative trader is a short - why - becuase if they shorted by borrrowing stock from broker or have sold their own stock - they are short and can only go long. Otherwise why they here. You might be in the middle - nor here nor there - but markets don't have time for middles - mkts are always moving.
Now if BoD bought shares while they are started off (hence name start-up) , it would look stupid - they need to spend that money on business and buy fuel to start the bloody engine - and buying back shares with the same money just sold in shares to give them funds - as that defeats the point - and BoD would be called stupid.
this link doesn't go anywhere?
Mag doing over time
Cahus - then you have option to sell - if you don't beleive in the company and current opportunity then you sell, don't buy or short - the market gives you alot of options.
You are who you and were you are. We all know that. But this is investing/ trading at the highest level. Or i woudl just stick with bluechips and collect dividence - mind you all devi are gon for this year due to the pendemic! - or can find low selling startup that is showing signs of growth after long struggle.
Its all in what you pay today - vs reward of future. It always has been. Its early days, and excpect some selling as we go up. I know that before hand, so won't be fazed in the slightest either way.
mm's droped from 0.0035 to 0.0025 to count for debt placing - they always ahead sometimes - 2nd rns it droped to 0..02p where buying started - then scared sellers and short sellers jumped in triggering the stops - and mms/ buyers had field day. Going forward not sure how short sellers will cover when noone is selling down here and buys buy back as oversold, and then news starts following.
Don' aways assume someone is out to get you - take things in yoru stride as they come and learn to play the game by understanding overall value from where things are
Sorry for few typo using iPhone .... ramper ...
I am neither a tamper nor a deramper. I comment in what I see and the info that is made public. I still own shares in Icon. People who bought yesterday at .0125 for example will see those who bought at .030 on the back of rns as derampers. So short minded. I do not pump just because of the price I paid. I comment on the abilities of the company and its bids. Go read all my posts and figure out. Also I have only one profile so should be easy to go through my posts. I have no hidden agenda. If you are sh! T at your job and make costly mistake, would you be kept in the job at £200k p.a.?
If I’d listened to derampers and fear merchants I’d be seriously poorer. No one wastes time posting on a dead duck. They want in lower or are saddo types on benefits I guess.
Cahus - you glass half empty person (and letting your emotiosn get the better of you). What ever the company brings forward the market will price it - and it has and will do both ways. If you think someone is trying to get you - then market is not the place to be for you. Again you may have short sold here here - I don't know - or simply sold of fear as many would have done - not being able to caculate that market is just pricing right to buy. And going forward , the market will price it right to sell stock that has been puchased here.
why woud anyone sell now after buying here. When uspide is potentially is higher now than its ever been,
syme was not sell at 0.05p never was - but again it was a sell as it was low - so why is ICON a sell down here - if sell then you filling up the coffers for someone else. ICON will go parabloc if a new major contract is announced and/ or Joe Media completion is completed on target date provided - and if the detials of the recent contract with the multi-national company are leaked or RNS'ed - at the right time.
So plenty to look forward - you never knwo - the market may even start buying higher for debt shares to get on the action looking forward as ICON becomes profitbale and debt free. You have to take this scenrio into account.
Magmanus,
If the SP hits 0.1p between now and Christmas, I will send you a bottle of bubbly mate. I have invested £15k of SYME profits here, bought Syme when it was on its knees around 0.05p and sliced when I 10 bagged at 0.5p a few days later.
The potential to hit 0.1p from 0.01p is real here, it languished under 0.01p for weeks on end. We saw how quick it moves when it gets going. The downside from 0.015p level is 0.007p, the upside is tremendous if things work out.
The optimist in me thinks I will do fine here, otherwise why the tremendous interest by all the De Rampers
Have a good weekend.
Is it £140k impaired loan given to acquire new contract which now not happening? Cost us money.,,
Not done due diligence in the past cost us money....what did they get a punishment? Not even a slap on the wrist. Bottom line is they are incapable to fit the boot of CEO of EO and certainly not deserved the salaries they are on:
You are just beating around the bush with your response. Young bods inexperience are drawing £200k each per annum!!!!!! Beyond belief and on top of that cannot afford to buy shares!!!! The mistakes the are making have been and are costing us PIs huge amount of money. Even if the come and buy tomorrow will be just to cover up for their f:/ckup. Lied to us about the initial £1m contract a year ago, lied again Ehgos terminated, I am sure if more information is made public we will see more lies. People like you who ramp shares and drag innocent naive PIs into paying over the board for these overvalued shares. Pump n dump.
the baord - are young and starting off. you were young once - survival was first attack. Most small comapnies BoDs allocate free shares to themselevs - they can't afford to buy. So suprise there. So don't be suprised they buy soon as soon as they get rid of this old financier and are in profit. But don;t expect the pps to be here either by then.
You can't have the cake and eat it. I am in the wrong place, if I had that attiude. :)
Joe media Irish generates £10M Revenues and is growing year of year. To say thats not worth much is irrresponsible to start with. Secondly, it provideds an insight into how little people know what this market place and what it means for small tech to become revenue generating leading to near profitability.
In terms of finance debt sell for shares - it was priced right and any new ones will be higher. And it is comming to end - so getting cheap will be over. Thats an opportunuity in it self. Its about risk VS reward. See both sides and you will be OK. What you pay for and would you will get as things advance.
Now £100k contract is different to £150 contract. They are 2 seperate contracts (one UK and on Irish). See again people don't know that - too much going in short space of time. Contracts glore of little Icon - biggie is taking over 100% of Joe Media Irish operations. Hope that explains and answers your questions.
Why has the puppet bods not bought any shares in Icon so far? Makes one think!!!!!!
Magmamus tell me you are joking! Who owns icon? US MUG PIs for your kind information. The silhouette who is walking in our shadow has weak muscle hence using Icon loan of £1m to get contract.
Magmamus what was the sp prior to the RNS that EHGOS finance arrangement is terminated with immediate effect? Definitely not .03p and now take the new 5 b shares conversion for £350,000! You do the maths. Now this is bound to be one more conversion to make the total draw down £2m. Ehhhh dilution leads to sp drop if it makes sense. New contract was for £150,000 as previously announced, but the Friday RNS says £100,000. How much discrepancy and uncertainties and contradictions from our top class BODs???
SW,
Without 'House of Rugby', JOEMedia Ireland is worth (as Paul Daniels would say) not a lot.
Cahus - all in good time. see you don't know that information/ and many don't. who do you think owns Icon?
Cahus - so why woud it drop fruther after comming down from 0.003p to take this debt finance - and then it closed up 0.0015-0016. And maket can pay more to get more.
where is your balanced risk vs reward review. You see thats where the game is won - where you don't provide balanced views on both accounts.
Magmanus would you care explain where you get the information that large investors backing the company??? Where has this been RNSed? Any link please
Latino I now believe that they will draw the full £2m under the arrangement so at least one more tranche. Since the bods have lost all credibility they might even lie to us and draw down more as the facility is there to take. Next thing to question is what is the penalty or exit cost for premature termination of Ehgos agreement??? I think the sp will drop further next week as the initial rise was bears on deception by the bods