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Bit gutted no TR1 yet after all these dumping. But the RNSs would come like buses after a delay. Surely they have made progresses for the past three weeks especially following the latest non exec appointment.
end of last cut off (not to do with icon)
a huge pump coming to sell those shares much much higher
time for a risky punt on the later scenario
Greenspan
just one of 3 types that rule the markets these days, at least ICON is Main Market and now has people with
real reputations to get the job done once the legacy problems ended
Many do not research the 3%+ TR1 holders/Directors confusing REAL II with the new generation funders since
the Financial/Banks collapse and traditional funding drying up that started pre 2008
Death spiral funders like on UKOG YA and there sidekick Riverfort finally binned with still £1.75M
to convert , high of 11p on Horsehill discovery since drilled successfully, increased ownership from
27% to around 85% increased production yada yada yada and now roaring at 0.22p
The safely make 100's to 1000's % and don't give a **** if the company then goes up down or sideways
I call such Odious Asset Management will see picking up huge chunks at the low for e.g. on an Oiler
with a drilling campaign on the horizon
As generally happens the closer to the drilling, sentiment Pi's and HNW individuals who like Oil some
genuine II's might join if meets their criteria join the party and the price rises massively in many cases
meanwhile Odious sells for massive profits into the rise, recovering capital making a nice safe chunk
of profit and may even leave completely before the drill results not caring what occurs at this point
some will keep a FREEBIE at this point holding so again don't give a rat's if a duster made a fortune
already if it strikes make even more
Cant believe the posters that after a duster talk sympathy for that AM stuck with a now worthless 5%
wtf if they had half an ounce of dyor that AM made from £2-20M + selling the rest on the way up
Finally the company broker TR-1 if that increase in holding is not down to a recently announced
placing, tread very carefully and take note of the people in charge of that company as the same
likely to happen at other companies they are involved with and AVOID them or take advantage
of knowing what sure as s is s is going to happen again and again a certain Mr Bell the king
of death by dilution and the dog ate my homework
Most classic being a roar from fractions to over 1p on imminent sale of Greenland asset
never happened, time goes by problem the Russians money trapped in the Cypriot bank
(convenient occurrence ) from that point basically never mentioned again, years later what
appears to be the exact same mega million asset, turns up acquired by another London listed
for a nominal £1 and it wasn't from where some of us thought it was still rotting away either.
The house broker is supposed to make a market and shift shares for the company not keep TR1
an increased holding sometimes well into the 20%, the company must be aware of those TR1
usually 2 scenario's the shares are being dumped big time and the broker being stuck with them
and we also about to be shafted as the real reason is SUDDENLY announced or the mother of
all jam tomorrow style RNA about to land and a huge pu
I think the teason EHGOS are selling regularly is simple. They have the shares to dump to keep their own coffers sweet. Remember they are s business too and need to keep the ball rolling in order to pay down thrir own financial commitments. If you was in the same situation with s guraanteed money flow coming on for months you would do thr same.
If i inherited billions of shares from a relative that were worth half a million quid now, why wait to get yout money if there is potential for the issue to be suspended or a liquidation scenario. I'd dump the lot a soon as i could.
Some have a lack of patience and MM love these investors.
Others like me in the past had good patience but got ground down until
one gets fed up and sells at a small loss.
I have learnt not to give and wait things out. I have one or two losses still but
now have made some big profits due to waiting it out.
Simon
PM709 EHGOS is selling because they cannot own more than 30% of the share capital at any one time. Patience is required which I don’t have much myself. But it would come good
So for the negative posters, I take it you are not invested here.
You are just doom mongers
I'll be very surprised if the company is still operating this time next year. Very risky 'investment' imo..
Given the deficit was £2 million at half year and losses since then will be circa £750,000 assuming similar run rate to prior half, the balance sheet will still have a deficit at 30 June and in my view will do at 31 December the EGHOS facility is likely to be extended beyond £2 m.
RNA's earlier this year BOD expecting to with funding and revenue to be at least running neutral/breakeven
by H2 2020 (Jul-Dec) further agreements/deals since and more in the pipeline, with each announcement
expect that breakeven to cashflow positive moves nearer to July.
However until they get their act together and have EHG convert per the RNA the HIGHER OF so latest
tranches should have been at VWAP not nominal , just like 7th May RNA £100k 500M shares VWAP 0.02
Will take some blockbuster news to break out of the current rangebound rinse repeat level and hold
some of the gains moving forward into each following conversion.
Filter29,
"absolutely no chance"... and on whose word is that?
Been seeing people say the full £5m will be taken with the fund, absolutely no chance, once this £2m is gone they won't go anywhere near them again, clean balance sheet by the end of this £2m and new options if needed
Still think they have a few to go but not much, think this is the low now time to top up again. Apart from the fund there is always positive news coming out here and loads to come, keep loading up and reap the rewards
They do as they please as the Wild West ...., typo
Relieved no one took my bet yesterday or I would have lost an Apple. LOL ... since no news yet I managed a last top up and anything above .0234 is a buy. I am up to the neck now just waiting impatiently for news. Am surprised no TR1 yet !!! They just do as they please as the would west and we really are helpless. Pure manipulation and misguiding investors. Do members of the BOD get their salaries late??? I guess not. C4ants
35,204,769 buy
most likely blue finish by looking at the buying pressure
Over the short term this is low risk high reward, it could be 50% or more up any second. It's not one to buy and hold long term, i'm topping up on drops and taking a few out on spikes. Mcap is very low due to funding situation, this will get better but over a few months
TheAnalyzer totally agree with you. But this is Very High Risk vs Very High Rewards the way I see it. Only the Paid Contract news will send this to the Rewards we are all waiting for and obviously with that revenue will EHGOS be sent to retirement, it’s a gamblers share.
Cahus
Of course EGHOS want to sell shares it’s the only way to get repaid the £2million they lent to a loss making and technically insolvent company. The fact that can currently convert at a much lower price than they are selling at is all extra profit.
In about two weeks time based on last five conversions EGHOS will convert another chunk of the loan for hundreds of millions of shares. With 4.5 billion shares now in issue they can now hold around 1.3 billion shares at a time.
The dilution on Iconic will be massive.
More ramptastic announcements will be needed to keep enthusiastic pis to keep coming to the slaughter and averaging down.
I think that is the end of cheap shares for now. Blue finish today ready to bet an apple ..., can’t aford better all monies tied up in micro cap .., lol
Still think at least a TR1 this afternoon is expected that EHGOS massively reduced their holdings and followed by operational updates. Looks like EHGOS is under pressure to clear their shares which is a positive for me.
any news ?
*0.022p*
look like some buying pressure here