Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Finally an proper update... just got to be patient now
Surley good steps in the right direction??
After a quick read, all looks great, what’s your thoughts?
John73, you need to make your mind up, you are just spouting nonsense, you seem to want everything good and bad. You make no sense.
Hi, if the make a of the RTO,we will be in the money. I have written this share off. You did not need lot of money to buy 2/3% of the company. Thee market had written it off .
REECE, i feel sorry for those that miss the 2p entry and the boat @ 5p because of the lock down, lock out, 30min before close, when people was desperate to get in on the action, on that faithful day'' as IMO with only 11m shares in issue any reverse takeover of a cash generating business, could see SP come back over £2 and only a few will benefit...
i had 60m before consolidation and i end up with 6k worth when it come back to Market, i was one of the few that cashed out early because of share issue and no RTO forthcoming i manage to pick up 10k worth before suspension again this time round, and I'm well happy with it, even if it sits there for awhile, my 10k worth is equivalent to 100m shares in old money that's more than enough for me, as it will mean i can sell the whole lot in the future without alerting the Market even at @£2 a share
see what happens in the weeks ahead, but i'm extremely excited about this long awaited RTO, and a name change to suit it... would be even better, as we must get rid of the ICON name, and EHGOF constant conversion, to shake the bad luck of the past IMHO
BRAD IF YOU ARE LISTENING
GLA
Some form of update from the Company. It was back in Aug-23 (Iconic Labs prospectus) that they first discussed an RTO, then again in their strategic update in Jan-24. It was only after some insider trading that they released further news and suspended. We are all well aware of the RTO proposition, so why the silence to remain suspended?
Feel sorry for you guys ,I’ve also made good money on he1 ,but any ideas of takeovers nearly always end up badly .
Stop being a smug prick Reece, no one needs an I told you so turning up.
Personally and selfishly I’m actually quite happy it’s suspended, my trading was getting a bit too hot after an 1000% profit on HE1. Was starting to take over a bit so it’s good to have a spell to cool off.
I mentioned weeks ago suspension and unfortunately 6-24 months will be the final outcome
What are you expecting to come atm? I’ve never been involved in an rto at discussion stage but in general from what I have researched we ain’t resuming until more details are released which may or may not happen quickly?
Becoming laughable now. Hope whoever leaked the news before the official announcement is investigated for ins. trading.. Hard earned money tied up in investments due to incompetence.
All we can do now is wait again, icon holders use to waiting. 😉😅
the company confirms that it is in discussions regarding a potential acquisition which, should it proceed would constitute a reverse takeover under listing rule 5.6. there is currently no certainty that the transaction will proceed, and further announcements will be made in due course.
covered their ****s, with the above generic statement in the rna message over the rns news wire the other day. regulatory news announcements, have like the politicians in parliament, an asked and answered string to their bows.
he can now update , as an when he chooses while negotiations continue (authorities happy - deal in progress - await new larger company prospectus) or updates with deal off/talks concluded.
as said the other day, been in must be 50-60 full rto's , very little variance with any of them and all have suspended, the vast majority to get the deal done (weeks/months/years) then its 4-5 weeks with the authorities 2-3 weeks and 10 working days with the market (the easy bit). in effect it is completion of the last 2 stages of an ipo for the new enlarged company to return.
4-5 weeks - but only if all paperwork is in order and sails through first time. some have been granted waivers, one was on financial grounds, needed to equity raise multiple times during the deal arrangements, or deal could not be done.
copl broke the mould, continued to trade until the day deal signed, then went into suspension that day, then took 6 months to do the 4-5 week bit. its target private family business, records an absolute mess but then that was arty farty pants on fire ceo/cfo's way with all things, an incredible mess.😲🙄
Well it ain’t tumbling if it’s suspended so they need to get that removed first! Come on Brad! Surely not to difficult to release some more info to satisfy the FCA
Reality is there's no deal on table or probably even close, recent rns basically said they may not get a deal done.
My hunch is they will give enough detail to get it back to market to keep EHGO happy selling into the rises and then we'll quickly see 2p again and probably lower when people realise this rise is just another pump n dump based on no news or facts.
hope I'm wrong, would love to see this explode but can see this tumbling again soon
Its good point but worth reading the FCA Handbook and section 5.6 onwards regarding Suspensions & RTO's.
My belief is that ICON need to provide more colour on the proposal as currently there is no detail.
Why are we still suspended, we have had an explanation from iconic, which we already knew about from a previous RNA. ?
Gimme my money back lol
True and Brad needs to get his finger out and give the market more deatails on the deal otherwise the FCA keep us suspended
Let's face it 10k /1 consolidation should have seen us at £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 £3m financing'' it would be better all round if EHGOF buy a stake in the business for that up to £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...
That sounds about right. The 30 million bit.
Does the fact it’s main market raise alarms with the FCA when it moved 150%? I’ve 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!
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.
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