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Cowboys..my dealer wanted 0.02p to buy i declined f/'em.
L!L
We know the guys are the best in the business. The legacy issues surprised the board and stopped them from doing what their best at. I think contracts will start flowing soon. Must be patient and keep safe in the meantime.
SimonsFuture - you cannot compare UKOG an exploratory oil company to ICON.
UKOG were drilling a previously known oil prospect in horse hill that had been estimated to have a low probability of success. It turned out to be a larger, better reserve than expected... The 'explosion' in sp was based on the amount of oil it discovered and could commercialise. Plus it had additional pockets of oil discoveries.
An explosion in sp for ICON would require a similar commercial realisation - i.e. large revenue streams that are very profitable. Essentially, they need to get enough revenue to pay their costs + pay off their debt + make a profit. We know they currently take £250k per month from the 'investor' so that would be the minimum revenue needed to be cashflow neutral.
But, for the sp to increase, they will need more, as they need to pay off legacy debt (RNS stated £200k left) + likely penalty interest being accrued from 'Investor' conversions...
Also, to get to £250k per month revenue, I would have thought they would need more staff which means more costs.
I only have hope left.
is this really possible with this death spiral finance deal,£250k a month of constant dilution
Would not take much, a couple of NEW even small contracts would boost revenue and
boost sp. SP very low but value and worth the risk.
In a year with the virus gone and much improved balance sheet this company could
easily be closer to 1p. 50 x plus what it is now.
A share that I invested in UKOG at the moment is 0.335p .
A while back was .8p and went to 11p in a few weeks.
Just shows you how a bit of good gets things going.
UKOG like ICON is poised to explode, the coronavirus has just
meant things have become difficult for a while.
reso..thanks for that clarification...it's been tweaking me since he posted it. I have been investing for 30 years as an out and out contrarian investor...the sort that DERAMPERS fear most because we have the courage to invest wherr angels fear to tread. They hate the fact that there ARE investors (like lurking shark) out there that can pick up the pieces where they have failed. Some have made the wrong choices because they bought in too high. When these stocks hit the floor they actually resent so called new investors (i had been in and out of this many times) and buying at the super lows and literally cheating them out of what they failed to grasp. I have my own strategy yet they fail to grasp that all their deramping IS ACTUALLY PUTTING THE BRAKES on their own chances of getting some of their money back. That is typically self destruction. I ask only this...WHY DO THEY DO IT ? It really doesn't make sense to come on this board to put down any poster that has a different view.
Having said that..in the morning they'll be queuing up to put me down. They'll never learn. Call it wrong but don't sh it on your own doordtep.
ICON are not in this for charity...there is an angle just wait and see. So many have criticisef Sefton and lost out big time and i agree he had let invedtors down...the con man that you all believe he is, does NOT sit very well to suddenly become the world's benefactor to combat FAKE NEWS. This geezer INVENTED FAKE NEWS ffs. He's in it for the money. There is a monetary reason AND IT AIN'T for free advertising. Oh yeah advertising what, how sneaky he is? This intafagion is a platform for newer ventures which may or not be proposed by influential members of Govt.
No one does business for nothing, especially CROOKS ( If that is what you all claim he is)
(maidit308)
"buy at 0.52p. a 15% drop from that level should have been a wake up call to get out watch and wait
like everyone else for a lower entry"
Beware... this guy has been pedalling this pile of cr4p for the last year. Never before seen him state a 15% drop to be a wake up call... on the contrary. His advice on every drop has been a top up opportunity. The amount of top ups he claims to have made, surely must be almost there for a hostile takeover.
Paid ramper for the 'BoD' is my guess... am I correct 'Livup967'? No one can post that much garbage for free. It's embarrassing to read.
stop asking silly question, sell now and move along, what are you waiting on it's 0p as it is
don't ask us on here what to do, STOP PLAYING THE FOOL to suck people into your game
as if you don't know???? unless you are 5 years old. why have you held on for so long if you
buy at 0.52p. a 15% drop from that level should have been a wake up call to get out watch and wait
like everyone else for a lower entry
RED OR BLACK THAT'S WHAT IT IS ATM…. it's a savage Market infected by COVID 19
take your pick…