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Given as: OTHER - IN RELATION TO A LISTINGS DECISION
From LSE suspensions and restorations document
Because there is a RTO deal coming that's a lot bigger than the SP ATM ?? and they ask for it to be suspended pending an announcement, don't forget BRAD did say the REORG does not effect the 10p base price ? and it was sitting at 2p for quite awhile, so it was bound to happen that it over double on an insider whisper ? of this deal whatever it is'' and the Market is quickly putting a stop to the rise before too many people get in, who knows'' if they did not suspend it SP could double again.... don't forget there is only 11m in issue, it could really move faster than they would want it to... before they get that information, of why we done 200% today without news''
π€π€π€π€ it's another wrn but without the re suspension , after it went in at 3.25p and when it came back out, roared to a whopping Β£3.32p in three sessions, before being suspended by Mr Market as it tumbled back at 89p
Seem a lot but at that high and low shares in issue wrn was only about Β£90m MC
With current share issue ICON is only Β£11m at a π¦ (Β£1)
Potential for CRAZY sessions re rate , not a session spike, very high , if we return on GOOD news.π€.........GLALTH
The Board, therefore, considers it prudent to seek the approval of shareholders to a sub-division and conversion of each existing ordinary share of Β£0.10 ("Existing Ordinary Shares") into one new ordinary share of Β£0.0001p
That absolutely changes the base price of the share, previously , could not raise below nominal value of 10p , can now let EHGOF death spiral again if more CLN π© all the way down to 0.01p nominal.
Might be his own choice of floor he would like to work from at 10p but is not the floor by any means, for any future finance, why change nominal, unless it's so you can once more raise finance and as we know for years , finance with current slime in tow , has been nothing but horrendously π©π©π©π©π©π©
Visit Timor, I remember WRN well as I got in just as it came back. Made alot then got greedy and lost out when it was re-suspended. The ticker is still on my account. Do you remember the ex director who formed another company afterwards and offered free shares to ex WRN shareholders? I took them and got half my losses back before that folded.
Fyi
Jesus just had a look the Worthington board is still on here the LSE site and more surprisingly there looks to be posts with news as recent as Jan this year. Posts mention Aiden early, FCA involved and compensation for holders.
Suspension was 7yrs ago.
Visit Timor
Your wrong about the Iconic CLNs as they include a fee feature whereby if conversion price is below nominal share price then they get additional shares to make up difference as it clearly shows in conversion RNS notes.
Also if you look at AGM it shows that there is still Β£3.9 million in unconverted CLNs and a liability for Β£665,000 in unpaid management fees so potentially epic dilution.
Good luck.
ALL I CAN SEE is lots of green box,s is that why i cant see earl or gbennett??,strange how these people stop posting after a huge rise... always... its called the filter button, if everybody used it you will be a lot safer,,, any newbie reading certain posts will be spiked when it crash,s down just as fast as it went up............ or gets suspended..
Suspended @ 16:00, with 1/2 hour left to do another huge run on relentless buying in order to protect investors from making money LOL!!
why not after the Market close like everyone else ??
why were they in such a rush to shut it down Immediately before they tell MM or any other platform of this plan ? people was still loading up well after 4pm grabbing what they could LOL!! this has got to be the worst FK up by the people in charge of the Market for 2024
GL, to all that topped up even @5.50p as i think that price will be history when we come back....
I still think it's the DRONE CO with all those contracts in place and already making a profit that BRAD is heading'' that is still to be listed, BWTFDIK... but 1 thing for sure there will be a name change...
Shut down initiated by the market not the company, who delayed informing holders. The market asked the question, it was up to icon , to then respond, it did not, so the market did it for them, just like they have for others in the past.
If its the one I am thinking of you are way off the mark the original just Β£2m cln moved from 2 billion shares in issue to over 30 billion and if you write them all down back then clearly all forward sold at higher and dropping price before the next tranche announced on the day , the last one was supposed to hit the market. When it all came to a head, they said we still owed $650k plus warrants (this was pre consolidation as we tumbled from 0.3 to 0.003 )
The original rns was full of πβ½βΎβ½ππππ's also , stating each conversion would be done at the HIGHER of 10 day VWAP or nominal 0.01, the first two tranches at vwap, then all became at 0.01 when current sp and vwap higher and then continued to go below.
if they have not got rid of them go back get two pieces of paper and prove it yourself, start the April, list TR1 date amount and on the other the date and next tranche , slide it one position and they amount previously held in tr1 was the next called for amount , not what was stated in new and the date of the next tranche announcement, was surprise surprise the previous was supposed to hit the market.
All forward sold by slimy wonga for profits on each and every DROP and more and more confetti, based on those which I posted at the time, another poster worked out the millions they had made over the Β£2m at prices when they were really dumped/forward sold...... π
ICON was bent over and ...................more than any company I have ever seen, only copl in the same league.π²
it managed to churn high before every call , and churned pre consolidated over 200 billion shares moving from 4 to 16.4
with not a TR1 in sight........warned that board and posted the details, including the Arty Farty pants on fire ceo and his strategic Β£350k purchase (from the million plus allowances he pays himself annually for 14 years of failure at the time)
such hardship, to pump his co for another wonga raping, same as he did at what was now the EQ of Β£2 -Β£3 a share 12 years earlier...π²π
These days TR1 system used and abused by all , until done or never put one out in the first place, back then those compliant gave it away and easy to spot.
As with the forward selling , usually commencing 7-10 days before (cough) the placing messages arrive, just take a look at the REAL LSE, trade recap pages, trend and volumes/direction, again in most cases sticks out like a donkey's do dah.π
π€π€π€π€π€
Looking at Boston international as a comparator here, gives an indication of how long it may take. Although I believe we have a prospectus is place already which is often a stumbling block can someone confirm?
FCA HANDBOOK 5.6.8 clarifies the current situ
5.6.18 goes into detail on examples where the FCA will be happy to lift the suspension. Down to icon to provide more details I guess!
VT I'm assuming πβ½βΎβ½ππππ is a load of Ball Locks. π Nice one.
π
The company needs to release more info to the FCA and market. An exclusivity agreement with details of the proposal should allow for admission of trading again.
A good example is Alkemy from 2022 who rtoβd tee valley lithium
VT, I must stop you there, M8, about the BOD giving a satisfactory answer to Mr Market, as i don't think anyone had time to send a text for answer even ? the way the SP Rabidly ascended, if they would have waited just 10 more minutes SP could have past 8p IMO, it was just a rush panic by someone to stop trading no matter what it takes, and ask questions later.. and put out RNS as and when.. and now'' consequently who is out is locked out... and will be no doubt kicking themselves that they never topped up'' or buy back when SP was unloved at 2p for weeks and could now be missing out on the possible huge RTO that brad promise 2 years ago with instant revenue and growth...
Regards
The question is asked of many a company, if no response as said usually the company prompted to put out an RNA message over the rns news wire, no known or some put a small blurb,,,,,,,, as reported we are still engaged......etc stuff.
They did not, so as with WRN the market pulled the plug before the company got the RNA out and that one was only half an hour after the rumours of market intervention leaked on the various boards it tumbled to 89p and trading halted.
Does the fact itβs main market raise alarms with the FCA when it moved 150%? Iβve seen AIM stocks move hundreds of % in a day and further gains after without being flagged or suspended! It just all seems quite odd to me still.
Hopefully the co come out with a more in depth update on who they are engaging with, and if they are to agree how the terms will look!
Let's face it 10k /1 consolidation should have seen us at Β£1.60 in the first place, it's only the massive hold up'' to implement it, eat away at the SP until when it eventually hit the market it was trading at 27.50p if anyone can remember ?
i still thing this whole state of affair of consolidation, and EHGOF share issue'' was handled badly in the first place.
everything should have been rapped up and all the shares that we owe them should have been issued before we come back to market 2 years ago, so we don't get bog down in prolong issues of tiny amount and no liquidity to sell them to, as investors walk away '' in there droves
something has to change the next time we come back IMO, brad cannot go back to the same module with EHGOF to get rid of the rest of that Β£3m financing'' it would be better all round if EHGOF buy a stake in the business for that up to Β£50m in financing toted in an official RNS 3 years ago, than for that fund to keep beating on the SP with conversion when we come back
BRAD will have to have a serious talk with EHGOF about future financing after this RTO and SP stability as it has fail miserably first time round...
True and Brad needs to get his finger out and give the market more deatails on the deal otherwise the FCA keep us suspended