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When are we next expecting news? .anymore info on this new contract?
Easy to forget they did win another contract yesterday with market focus on the 5bn which has probably already been flipped. Hence hard to buy at times all day yesterday, no overhang you see?
Market had sold stock at.03p and higher and was all about collecting sellers yesterday.
A lot of shares in issue but by my reckoning the eghos debt conversion has now run its course, ready for media deals to grab the attention now. Once joe Ireland completed they will have one of the Irish main players that had attracted attention from 16/17 other players.
I’m focussed on Joe and Alexa (if it ever launches). As linking this into joe global clients could be a master stroke for icon.
I added circa 50m yesterday as very hard to buy at times and this 5bn has probably already been flipped so will get tighter again very quickly imho.
Where do you see this Monday Wednesday and week after say? Lots of negativity out there for ICON on other BBs.
Just need some decent news to hit to kick much of negativity into touch.
Does anybody know how many more tranches EGHOS can have got left?
Becuase if they don't sell you can't buy - cheap for them cheap for shareholders - hence why we are down here. This is loan so lenders wants interest nothing new here - but the co has said they will also use revenue as well to pay off debt - it is matter of getting the lender off their backs asap as ICON is about to become profitable little startup with big investor backing (in the backgorund - they standing right behind them).
Good post Paulcon62 - It is not a good finance agreement - but what can tech startups do with no revenues - so getting out of this is now a priority ICON - as the are starting to hit market with their sevices and about to hit a big with growing Joe Media group established 2015. As shareholder i am getting a piece on the cheap here. Yes there is risk/ reward equation - and risk is low of pps down and reward is much higher for muitple of current knocked down pps.
If we did not have this stupid financing in place - ICON would now be tradeding 0.5p+ hands down.
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
Magmanus would you care explain where you get the information that large investors backing the company??? Where has this been RNSed? Any link please
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.
Cahus - all in good time. see you don't know that information/ and many don't. who do you think owns Icon?
SW,
Without 'House of Rugby', JOEMedia Ireland is worth (as Paul Daniels would say) not a lot.
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???
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.
Why has the puppet bods not bought any shares in Icon so far? Makes one think!!!!!!
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.
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. :)
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.
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:
Is it £140k impaired loan given to acquire new contract which now not happening? Cost us money.,,
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.
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.
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.
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.?