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Hey Bakky ,
All points well taken .
No selling this side of end of year by myself : I’m pretty sure you can rely on that .
Now April 15 2020 is “tax day “ in US when balance if 2019 taxes payable , although in truth most people including myself have already paid enough in via quarterly “ installments “. We all wanted 10p plus , factored the deal in at circa 8p when we did our math to accept . For a while it looked marginal whether we would eventually come out ahead or behind but the sense now is that will be ahead. That said , a LOT , and just not for us, probably rides on the next trading statement : if it’s good , upgrades trading position and shows they paid London off and perhaps even announces dividend then price will increase and everyone will breath easy : remember icm holders used to INCOME from this stock , myself included but a few percent return annually takes away the “ pain “ of holding ... with solid trading and still lots of deals to be done in this space in consolidation there is no risk anymore to holding and a LOT to be gained by waiting for a premium priced exit ... if we get to 10p plus in January would I sell some more , I would say yes but I have zero interest in “ getting out “ of this stock and have a lot of fondness for holding it , esp as my old own company may be driving a large portion of the profits ... in generally not too sentimental but do feel an attachment and also want my former “ partners “ to come out ahead on the overall deal vs cash ..
SJ, points taken, but I meant from here on in, not when the deal was done. Not saying you (or ICM ) are in any way wrong to sell, but I do think the perception is (for me anyway)that you and the other ICM peeps are not here (from this point) for the long or even medium term.
You have already said that you were once looking to maybe sell more at 7.5p so your intentions are out there.I know you have also said that you may hang around for a while longer, and maybe longer term if divis arrive, but all the market will see is that 7.5p figure you have mentioned.
You have also said that there might well be some selling pre end of Dec for your and ICM peeps tax purposes. All absolutely fine, but none the less unsettling .
There's well over 100m shares that you and the others have and nobody knows if maybe 1million or 5million or 50million will hit the market, or maybe even the lot..that is the problem for me at least at this point.
Again, not your fault or problem. but that's just the way I see it.
As I said just my thoughts.
Hey bakky ,
A lot of assumptions there my friend and probably many of them wrong ...
As far as I know , apart from myself and my wife NO icm vendor has sold ANY shares yet ..
And as for you describing getting out as PDQ , really , a 4 month lock in in June 2018 and no sales ( only buys ) until August 2019 , doesn’t seem too quick to me especially seeing that all US based icm vendors had to pay taxes In Advance of any disposals .
As u know , I was a buyer and bought several million in the open market , but then got totally hog tied and “ frozen “ once tranche 2 shares hit in Jan 2019 and it pushed me over 10%. I have a substantial investment portfolio spread over a few major brokers here in the US, but they all hit panic mode from a compliance and trading POV once I triggered the red flag of owning over 10% of what is considered a micro cap “ penny stock “ under US SEC regulations . In truth none of the brokers wanted to touch or even hold this stock at that point and even new brokers like MS or GS who had been chasing my portfolio for years wouldn’t take Them. Seriously , was like the plague . Both of my main brokers had to engage outside counsel to opine that my holding was legit and qualified under certain of the SEC rules as to filings / exemptions / notifications . A slow and expensive process and in the meantime I couldn’t buy or sell . I can be an arrogant so and so , so u can imagine how pleased I was being told what I couldn’t do ... eventually we came to agreement that everything was kosher but still if I wanted to trade had to ask “ permission “ each and every time , fill out umpteen forms and disclosures ... uff... not my MO ... meanwhile my other UK business venture needed substantial capital so , with the express agreement of my brokers we decided to sell down to a smidgen under 10% . In Truth I have been more open and transparent with this forum than from what I can see any other poster has been about intent / holdings /rationale etc. so any suggestions like yours that I and other icm are and have been lining up and stampeding to the exits are very very misplaced . I am under 10% and intend to be in for the long term to reap the upside of the risky “bet “ we took by taking the MMX paper rather than all cash other offers . We are all , now , confident that it will prove to be a wise choice but the risk profile back in early 18 was VERY different
regarding ICM.I still think they with SJL are the main problems here. We all know they want to sell PDQ and that is very unsettling for the market. SJL coming out saying he won't sell for a while does not hold water I'm afraid. Until they are out it won't change much either. all imo only..
yes Dandee, I have also previously said that it will be end of December for any news. I also expect more ICM selling coming up too. Hopefully the insties are still around to mop up.
perfect opportunity to prop things up.I wonder if they will?? Probably don't see any value at 7p?