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Brad here
We have our fingers in a lot of pies the new, I'm getting paid loads so a dinny care
Cβmon Brad there must be something you can share to cheer us all up a little,
Iβd be happy to just get my money back to be honest
I'm a long term holder (nothing to be proud about!). This stock has been suspended way longer than not!
TBH, I wrote this off a long long time ago. Anything is better than nothing but it really is the most frustratingly silent stock.
One day maybe?!
Hi All, just thought I'd pop my head in. I would hope we are now getting to the Business end - I predicted End of May/ June, So i am hoping in the next 2 weeks we will hear something about deal done. The 4/5 weeks from there. hopefully anyway.
As for that link below not sure what happens with that - hope means we will not have to hand them any shares lol so a little less dilution from our point of view.
How does he fit in with icon?
Linton Capital Mr Sefton's company has been wound up. https://find-and-update.company-information.service.gov.uk/company/OC308234/filing-history
Thanks VT, I cant see it being too far away now, we have endured 6-7 weeks now!
Soz GB , not looked in for a while, signed by the two parties , that are to become one, icon and in the style, until that is done, the FCA will not entertain the new enlarged company prospectus. Deal done and then subject to all the paperwork being in order it's the easy bit, last two steps of an IPO, FCA 2-3 Weeks, cleared, then 10 working day process with the Market.
As said before, some RTO's I have been in , they have been granted permission to overlap, lowest being 18 days i've been in.
Long leg is always down to the companies, getting it over the line, which is why without an update, or the more common process of the company announcing the suspension and some details to get the deal done, not Mr Market pulling the plug on ya, we have zero idea, how close or far away that negotiation/final sign off (Legal/Binding stuff) actually is.
As Maj said , why return and go through all the hoops they did, if they did not have a plan to do this and so best guess would be , its been ongoing for some time, all we can do is wait for an update, or on some I have seen a provisional return date on that LSE Exchange (link on here back a few) upcoming issues page first.
Everything crossed its sooner rather than later, shortest one in was about 6 weeks, longest the recently returned what is now Bradda Head Lithium that was a couple of years. Another in currently gcg has been about 6-7 months, only bit of update they have given , proceeding as expected and a Director loan to tide them overππ
Been in 50-60 rto's , mostly very profitable on return before the crazy settles but have also had a couple that never did come back, one that took part of Transgas and looked to come back main market vice aim , still say they are trying, the other some big mine takeover silver something or other, just vanished without trace ππ€¬
All crossed its soon and Brad true to his word , still seeing icon as a minimum value of 10p per share just as the shell. π
Look on the bright side. At least this stock isn't tanking π
Signed off by who vt
Be nice to know, if the deal has been signed off at least, without that its always 4-5 weeks still to go π€
(standard last two steps of IPO, to RTO newco/return to market)
(subject to getting waivers, 18 day fca/market overlap quickest seen on a prospectus submitted)
We must be getting close now, come on BRAD letβsbe avenue.
Would be nice wouldn't it? Been 6 weeks by my count, still relatively soon but we don't know how far down the road they were.
I still stand by my mid may timeline, gives plenty time to iron out any hiccups most likely with the FCA
Surely we can get an update this week pretty please.
Need 23p to breakeven
12p would be a good start , hoping Brad true to his word , seeing 10p as still the floor and the settlement of icon shares per ITS settlement icon shares/valuation, has been done at least at that price. π€
Some have had deals and arrangements with the return phase, which is in essence , just the final two steps of an IPO
Shortest one I have been in was arranged for 18 days overlap (subject to conditions) FCA/Market, on submission of the enlarged company prospectus.
Unless they update, for all we know, we are in that final phase, or still in crossing the I's and dotting the T's finalised negotiations...........anyone's guess. π€
That's the biggie Apple, been in dozens of rto's , until the deal actually done and new enlarged company prospectus submitted to the FCA, its always 4-5 weeks away, unless they break the silence, some do , some do not.
Could tell us some details at various stages, some do , some don't, principally
Deal completed and signed off
Finance raised with deal Yes/No
Prospectus submitted
Prospectus approved and application to return to market made
Provisional return date
Often listed on the real LSE, upcoming new issues, before above on some I've been in........
https://www.londonstockexchange.com/live-markets/new-issues
More to the point for me is...When will this come out of suspension?
My guess is that it will open on 12p. Which is where it was going before the rise was rudely interrupted.
What sort of % each holding will be reduced to in the RTO
Interesting angle maidit! I did get the feeling from the share price move that things were already further down the line than some think. I reckon we will be back by the end of the month/mid may. Just my opinion.
Maidit308, I believe you are probably correct, i could never for the life of me understand why EHGOS backed Brad with Β£3 million to pay off all debts and clingers on, EHGOSF must have known all about this planned RTO of βitsβ.
If all they new was what was in that ridiculous Prospectus RNS, NO way would they have coughed up Β£3 million.
Https://www.londonstockexchange.com/live-markets/new-issues
Been in several dozen RTO's , some have been noted to return first on the above real LSE page, so its also one to keep an eye on. Some have had waivers to overlap the FCA 2-3 weeks and mandatory 10 working day Market process, that one came out at 18 days overlap , once deal completed and prospectus submitted. π
As maidit just said if the negotiations have been going on that long already , should be soon (our version not a ceo dictionary version π) as said weeks ago, any long delays, are all blame stops with the companies, no one else.π