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Sorry for few typo using iPhone .... ramper ...
Cahus - then you have option to sell - if you don't beleive in the company and current opportunity then you sell, don't buy or short - the market gives you alot of options.
You are who you and were you are. We all know that. But this is investing/ trading at the highest level. Or i woudl just stick with bluechips and collect dividence - mind you all devi are gon for this year due to the pendemic! - or can find low selling startup that is showing signs of growth after long struggle.
Its all in what you pay today - vs reward of future. It always has been. Its early days, and excpect some selling as we go up. I know that before hand, so won't be fazed in the slightest either way.
mm's droped from 0.0035 to 0.0025 to count for debt placing - they always ahead sometimes - 2nd rns it droped to 0..02p where buying started - then scared sellers and short sellers jumped in triggering the stops - and mms/ buyers had field day. Going forward not sure how short sellers will cover when noone is selling down here and buys buy back as oversold, and then news starts following.
Don' aways assume someone is out to get you - take things in yoru stride as they come and learn to play the game by understanding overall value from where things are
this link doesn't go anywhere?
Cahus -(and fthose in simlair stituation ) - You have let your emotions to get better of your - as many others may have done. You wanted short list of reason to buy - not long eassy as that is too much info and you want it on the plate ready to eat - don;t we all - here you go:
''ICON was a startup, loss making, share captital was only source of income, and only recently has just started landing contracts, starting to make revenue , 1) now very recently working for multi-national consumer goods company ), 2) has immiediate short term service contracts with Joe Media, 3) Already they have started building pipeline for Joe Media (uk), 4) looking to take over 100% of Joe Media (Ireland). And trying hard to get out of old financing agreement - as now no longer need to pay the bills - closed off legacy debt payment that came up as they started negociations to cancel the agreement.
So in nutshell - now is time to invest in ICON and buy back in Icon and hold for more. And note - any de-ramper/ negative trader is a short - why - becuase if they shorted by borrrowing stock from broker or have sold their own stock - they are short and can only go long. Otherwise why they here. You might be in the middle - nor here nor there - but markets don't have time for middles - mkts are always moving.
Now if BoD bought shares while they are started off (hence name start-up) , it would look stupid - they need to spend that money on business and buy fuel to start the bloody engine - and buying back shares with the same money just sold in shares to give them funds - as that defeats the point - and BoD would be called stupid.
Magmanus_49
Joe Media businesses will be primarily owned by David Sefton so all the Intangible value in the brand will accrue to him until such time as Icon concert their loan for a piece of the action.
Both Joe Media in UK and Ireland start off with significant debts from previous lender (you can see this if read Companies House filings).
If Joe Media is such a great business why did David Sefton give Iconic the chance to own some of its shares rather than keep it all to himself?
Why do none of the Directors still own a single share of the 22 billion shares in issue if it is such a bargain?
Why hasn’t David Sefton who isn’t a director bought some shares in this great company?
Why didn’t Iconic tells us its current cash balances in latest financing update?
Good luck with your investment but poor quality companies can perform well for a while but sooner or later the lack of cash causes the share price to trend to nil.
Theanalyer - Not the full analysis - your nearly there.
David Sefton has asked ICON management team to sit on baord for Joe Media as they run the business for him - and has agreed to pay all ICON costs + monthy fee's and 25% all profit from Joe Media!
Why woudl they buy shares of loss making statup? That woudl be stupid - have already explained that - BUT they can now going forward. If they do will pps multi bag? oh yes.
Icon said they are looking to terminate agreement as soon as possible - and had to allow legacy debt to sold and responded quickly before the price hit new highs. So I am glad they did, so we can buy with the seller.
They are generating cash now - and were not before, zero - and about to takeover Joe Media which is £10M y/y groth business. Davdi Sefton and team got it cheap after they defaulted on their loans Now there were 17 buyers for Joe Media business and David Sefton with help of Icon boys managed to beat them all! Thats huge endorsment in my books. They know the market and have skills ready to use.
Good luck to you too - based on your what ever postion you hold (short or out).
A little paitence is required here. The engine has started and ticking, and journey will become.
I never said Icon was great - I am saying it showing signs for huge upside from the low of the lows. Is that a bad thing now?
tomorrow we may up or down - that should not face anh buyer holder - as value is about to stick out like sore thump.
when alot can;t see value - then there is value - when many can see value - there is less value left. why do you think 10 baggers+ are so hard to get on to.
Georgi - More scare mongering then - where r your facts.....both sides! have posted facts - and most people are not guillible as you think, down here.
You defence is they sold debt shares.../ well yes and thats way we are getting shares down here - and not selling so you can buy them cheap. SYME had 32b shares @ 0.05p - over ten bagged - and has no revenue and only potential with £200M mkt cap. Icon now has revenue, and looking to become proftible by year end - and they have busines there now to do so.
so why you advocating sell here on the low end - when ICON business has just started. So i should lestin to you and ignore my facts/ research.
Think you’ve made your point...you maybe becoming delusional! Rather than argue with every poster, best to take a step back and take stock of what other experienced posters are saying!
Latino - sure. I have been in the markets 20+ years. I can see an oppotunity and do 360. Where is de-ramper and your 360 - where is yoru expereince please share for people as thats waht the baords are for sharing and dicussions? - not one liners and have digs at others becuase you are out. I know you bought, did you get stoped OR did you sell out fear due to experience.
Why you here? please state - to get people to sell out on the low....that does not cut it.
ICON will rock in the comming days/ weeks.
Summary pros and cons for discussion sake, to the point...thoughts welcome!
Pros
JM Deal close - early October date to be confirmed
Soon to clear legacy debts
Generating revenues now
Progress being made across the business
Last week 0.03, so now buy at 0.0155
Cons
BOD deceived market with contradicting RNSs - credibility shot
EGHOS legacy entitled to print shares independently
Limit of of EGHOS tranches unknown
Downside risk if EGHOS continue to sell 0.007p
I bought a lot of shares at 0.013p and below and was very excited by the prospects after the RNS stating that, effectively, EGHOS were out and the company would have in place alternative 'conventional financing' during Q4. No more confetti shares to add to the 17.5 BILLION already in circulation. Wrong! The BoD are not to be trusted imo and that, fundamentally, is why I'm out irrespective of my thought on the business model. IF the SP falls to 0.01p I'll look to trade but wish everyone invested the best of luck...
Nice latino - respect
Updated with my research and long view from these levels.
Pros
JM Deal close - early October date to be confirmed - Yes £10M rev growth business with large free stake for ICON
Soon to clear legacy debts
Generating revenues now
Progress being made across the business - Correct - A seperate recent ocntract with multi-national goods company - where simlair sevices will be replicated with other similar clients
Last week 0.0335, so now buy at 0.0155 - Based on pro's value is higher now than ever before.
Cons
BOD deceived market with contradicting RNSs - credibility shot. But compnay did say are looking to close old finance situation going forward. And EGHO requested that allowed to complete leagcy debt with share sale as per agreement during disucssions - Becuase they know about the pros listed above. They are fund manages! Bod responded asap - good.
EGHOS legacy entitled to print shares independently - NO. Can only clear current debt notes about £350k max now. And higher prices.
Limit of of EGHOS tranches unknown - No they have limit on current tranche as announced by BoD on they 17th
Downside risk if EGHOS continue to sell 0.007p - Impossible - As 5b debt shares were purchased between 0.013p+ as demostrated on 17th Sept - who bought these and will they sell now knowing ICON's current positions - i.e. pro's above. Doubt it - or someone gets to buy more on the low - regardless of where EGHO wants to sell.
Thanks
dvharrison - i don't get that school of though. You basically saying you won;t buy, but asking in round about way others to sell to you at 0.01 the you will buy. So why would any one sell you at 0.01 when 5b was about at 0.013p+. Why would soem feed you free lunch down here. EGHOM may give you some BUT not at 50% extra discount :) after 60% recent discount.
This school of thought doess not cut in markets - someone buys higher and then sells to you lower - based on current pro's listed here.
good on EGHOM they gave life line to ICON who is about to become profiable. EGHOM deserves some reward here as the lender.....where you when ICON needed you?? well.
And now ICON said they need EHGOM finance and will be closed in the near term - so about £35ok and done.
EGHOM will be stupid to sell under 0..02p. Last time we had shorts as the stock was not going any where...so shorted and EGHOM may have taken what they got - now ICON is going places and investors/ traders are fully aware of this situation. The pro' listed below.
hope that makes sense.
Hi, you are trying too hard to justify your position. The BoD have misled us all. You seem to be ignoring that in all your posts.
How? If you'd bothered to read all the RNSs you would have seen this was going to happen. It's part of the, I accept painful, process. When it's done we're good to go.
Kammi - if you feel they misled - after carefully reading the old rns's - then you should no investing/ trading period. Go find a blue chip or something at best. You only stock to this point, becuase you sold out fo fear and think ist managments fault to someones - take responsibility of actions and do some research.
I don't think they mislead - i think they did us favour by informing the markets following their discussions with EGHOM - as EGHOM ar smart cookies and know they pps is rising!. I think BoD have Joe media deal is done - BoD just wants EGHOM to get out - before officially anouncing it.
Latino - mentioned experience.
I don’t need your investment advise.Is my opinion too painful for you to comprehend? It is my observation that your repeated messages smell of desperation. I don’t agree with your view as I see rose tinted glasses perception. I still believe you have the right to Invest the way you want. I am your being your financial advisor. I don’t think the BoD can be trusted. I will stick to my view. See you when it gets to the price they are selling 5 billion at.
I am not being your financial advisor.
Sorry about the error.
Kammi - i don't need yours - you have no position now as you sold out on loss - so would you even bother to do research to read the RNS's completly. I am, and thinking about buying more - as supported by OWN all weekend research and facts and investment experience etc. So when people make it - through sweat and toil - don;t say they were lucky. Your first lession in trading/ investment and life in general.
If you bothered to do research - you woud be posted some little gems you might have found. Apart from repeating the same line - when we have dealt with it. You may think everyone is out to get you - and hence you think BoD lied to YOU. If thats the case, then move on. I think to the contraray - they corrected the price so EGHOM can sell down here the 5b and sell the rest under 0.003 and up we trend to a reasonable price based on facts (the pro's which you either don't understand or now don;t care about - which is it?)
take care. and yes, do what you want based on you own opinion - we all do.
Expect news this week. The rise from .125 to .16 in the last few trading hours which was a decent bounce and hopefully this will continue on Monday. Hopefully we got some news before markets open which will help sustain and build on that rise
mubs - de-rampers and invisible sell outs will become pumpers here soon. :)
closed 1.50-1.60 - and NT to buy any kind of size for about 6omins - yet opened bid to suck in sellersmon close. Buy and hold, we may see over 0.02p+ - but remember you may buying to build postions for future gains - and NOT 1 or 2 day trade. You do that at your risk! buy and hold following research and major news expected - already outlined in pros and cons.
I think everybody know that one this baord - we are all over 18. :)
Here the pro's and con's - balanced view.
Pros
JM Deal close - early October date to be confirmed - Yes £10M rev growth business with large free stake for ICON
Soon to clear legacy debts
Generating revenues now
Progress being made across the business - Correct - A seperate recent ocntract with multi-national goods company - where simlair sevices will be replicated with other similar clients
Last week 0.0335 and going up - Based on pro's value is higher now than ever before.
Cons
BOD contradicting RNSs - credibility shot. But company did say are looking to close old finance situation going forward. And EGHO prefered to close of old draw down/debt with share sale as per agreement - Becuase they know about the pros listed above. They are fund manages! BoD responded asap - good.
EGHOS legacy entitled to print shares independently - NO. Can only clear current debt notes about £350k max now. And will be looking to sell higher. For now PI's and shorts being had.
Thanks