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As EHGOS continue to dump we get just a bit closer to reality. They'll be finished. Hiwever on the long journey we shoukd get more contracts which could send the sp towards a tenth of a penny 0.1p and the r//souls on here will still be trying to CRASH THE SP....that is a fact.
FFS why don't you all just just try and get some of your losses back. Or are you really either shorting or so much underwater that only a very llow average will save your necks?
I know what i would want...a higher price !
CURES ALL PROBLEMS
£5k buy at 0.041??
'operationaly' cash positive in 3 months - not the same thing. this means they are paying the rent and the wages in 3 months from what i take it
mr nation
i am starting to think that he was one there partners that got dump and he full of sour grapes
for someone that have £ 5000 worth of share here , why would you mock this everyday with about 100 post ****ging it off
RBLIONHEART
GIVE UP FOR GOD SAKE
have you not realized the bb are sick of you going on like a stuck record ,,, we dont want to here your crap anymore
no more bargain bucket here so move on
Iconic Labs believes that the step change in revenues, operations and prospects as a result of this management services contract allows for a strategic financial review of Iconic Labs itself. This will specifically include a review of how the Company is funded. Consistent with the previously announced intention, it is hoped that this will provide an opportunity for the Company to raise sufficient capital to be able to clean up its balance sheet. This could include a conventional equity fundraise and/or conventional debt facilities, and the Company aims to have the new funding in place in the autumn of 2020. ****Iconic Labs does not intend to enter into another variable conversion facility or similar arrangement.*****
CHIN UP RBLIONHEART
no more bargain bucket deal available
"Remember Jay , Lion & friends are all part of a de-ramp team. Look at their past posts for evidence.
They have been begging you to sell all day"
What utter tosh. They, like many of us have seen how this has played out over the last year or so to get to where we are now, and are surprised to see people painting this one RNS as the golden goose. I have no desire to persuade others to buy or sell, just don't try and whitewash reality.
Lion, you're boring today is great news! You have the chance here to make some of your money back when these guys grow and grow yet you're talking this down hurting you're investment, but then you could be lying about that and just want to hurt the Co. Which is exactly what I think you're agenda is
The death spiral agreement wasn't inherited. The current agreement was concocted at the beginning of this year by Sefton and the team.
It's all well and good people screaming deramper, but answer me where it says the death spiral finance agreement is over as some appear to be suggesting?
The company is required according to the agreement to take £2m with an option to take up to £5m. So far since February, just looking through the RNS's, the company has issued around £680k in equity relating to that agreement. So in almost 6 months the company is little over one third of the way through the required £2m. Please tell me how today's RNS spells the end to that. The fact remains on the slightest volume the fund will be selling and converting.
Rather than simply screaming deramper, please explain what you disagree with and why, not to mention showing the facts and figures to back up your counter argument.
Cannot believe many have sold out for a loss. DYOR. Some people on here all want you to lose money and buy in on the low and cheap. Do not listen to them. GLA
Exactly, it was from old debts. What options do you have when you are the debtor? Arranged with Sefton as it was him who saw over getting in that much debt. Now the board are turning it around and getting out of it.
‘And I’m pretty sure anyone who paid over 0.03 won’t either’ - so thanks for the endorsement to buy at current price. Still 100% to go!
The death spiral finance was inherited, thats the reason I bought here for a punt. Looked at the team and thought they won't be in that for too long. They will get out and when they do, it will be because of revenue and that is a trigger turn around.
Confirmed by todays RNS.
Lion.. Your average price is from when it was a different company?? You should have sold a long time ago or averaged down.
SP rise only 65 %.
Maybe starting to recede.
?....
200 % rise today some on here said.
Why has the interest suddenly dried up?
RBLionheart - What do you want peeps to do? Don't buy? If you are so against then you should sell off and leave? Why are you still here? Peeps who are here are all adults and can make their own mind up. If you have lost money here then that is your problem. We are all here to make money and I do not wish anyone to lose their. DYOR. GLA
This is a new team still, they are delivering.
JOE media is the largest independent digital media company in the Republic of Ireland and has been one of the fastest growing media companies in the UK since it launched in 2015. The brand is well known for its ‘House of Rugby’ series, the most-watched rugby show in the world, and generated over £10mln in revenue in 2019.
Iconic said it expects the contract to contribute “a significant amount of revenue” which will enable it to become “operationally profitable within three months”.
“We are delighted to have been involved in Greencastle Capital's successful bid for JOE media, which involved a very competitive sales process among more than 15 different bidders”, Iconic Labs chief executive John Quinlan said in a statement.
“The acquisition of the JOE media UK businesses by Greencastle Capital is by far the biggest deal we have been involved with as a company so far… With JOE media's credibility in specific areas like politics and sport, Iconic Labs now has access to some best in class assets through the management services contract”