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I just hope your wrong on this one Tap - let’s see what happens in the next 6 weeks. SB
SB, I think their words were 'it was their ambition' for divi, not that 'it would' defo be, big difference imo.
Tap, as I keep saying it's little to do with TH, he's just a frontman/puppet.
Evening Tap. I can see why you feel the way you do - this has been a difficult investment for longer term holders like us and many other regular posters here. I suspected it would have been difficult today to retain the increase we experienced yesterday - certainly without some other catalyst. But we finished the week at a year high - little steps at the moment. I do not believe the board can stay silent on the shareholder issues much longer. It was historically announced a progressive dividend would be announced within 18 months of May 2018. Our interim results in sept confirmed a dividend and tender offer were both under consideration - why perpetuate expectations where the fallout from failure to deliver could only be negative. We have been told on several occasions .london will settle in H2 2019. These are all material company performance issues which should resolve in the coming weeks - I think it would be very difficult to avoid a company update confirming the plan or should there be a change in the anticipated circumstances - and timescales point to year end. So I remain hopeful on positive news and in the very near future.
And bakky - I suspect if you were in a zoo for bears and had a stick then a prodding you would go!! That said - good exchange and responses with SJL.
ATVB all. SB
well if they pay back $5m+ then I can't see how they will have too much left for either a divi or tender offer, let alone both. However, if adultblock or Luxe surprises us all to the upside then maybe they will have a decent wedge to play with.
Hey Bakky ,
All points well taken .
No selling this side of end of year by myself : I’m pretty sure you can rely on that .
Now April 15 2020 is “tax day “ in US when balance if 2019 taxes payable , although in truth most people including myself have already paid enough in via quarterly “ installments “. We all wanted 10p plus , factored the deal in at circa 8p when we did our math to accept . For a while it looked marginal whether we would eventually come out ahead or behind but the sense now is that will be ahead. That said , a LOT , and just not for us, probably rides on the next trading statement : if it’s good , upgrades trading position and shows they paid London off and perhaps even announces dividend then price will increase and everyone will breath easy : remember icm holders used to INCOME from this stock , myself included but a few percent return annually takes away the “ pain “ of holding ... with solid trading and still lots of deals to be done in this space in consolidation there is no risk anymore to holding and a LOT to be gained by waiting for a premium priced exit ... if we get to 10p plus in January would I sell some more , I would say yes but I have zero interest in “ getting out “ of this stock and have a lot of fondness for holding it , esp as my old own company may be driving a large portion of the profits ... in generally not too sentimental but do feel an attachment and also want my former “ partners “ to come out ahead on the overall deal vs cash ..
SJ, points taken, but I meant from here on in, not when the deal was done. Not saying you (or ICM ) are in any way wrong to sell, but I do think the perception is (for me anyway)that you and the other ICM peeps are not here (from this point) for the long or even medium term.
You have already said that you were once looking to maybe sell more at 7.5p so your intentions are out there.I know you have also said that you may hang around for a while longer, and maybe longer term if divis arrive, but all the market will see is that 7.5p figure you have mentioned.
You have also said that there might well be some selling pre end of Dec for your and ICM peeps tax purposes. All absolutely fine, but none the less unsettling .
There's well over 100m shares that you and the others have and nobody knows if maybe 1million or 5million or 50million will hit the market, or maybe even the lot..that is the problem for me at least at this point.
Again, not your fault or problem. but that's just the way I see it.
As I said just my thoughts.
Pullback to start of buying zone. Volume none too strong. To be expected.
Interested to see if it can finish > 6.8p.
I was hoping this might hold above 7p but we will fall victim of those buying in on the rise and exiting quick as it falls back a bit. Hopefully 6.5 ish has now switched from previous resistance to support and the next flurry starts from 6.75 upwards. Here is hoping.
Look out for .Luxe.Suddenly it has jumped by 2k to over 8k now.This is really excellent news and I hope the start of a major build up.
Hey bakky ,
A lot of assumptions there my friend and probably many of them wrong ...
As far as I know , apart from myself and my wife NO icm vendor has sold ANY shares yet ..
And as for you describing getting out as PDQ , really , a 4 month lock in in June 2018 and no sales ( only buys ) until August 2019 , doesn’t seem too quick to me especially seeing that all US based icm vendors had to pay taxes In Advance of any disposals .
As u know , I was a buyer and bought several million in the open market , but then got totally hog tied and “ frozen “ once tranche 2 shares hit in Jan 2019 and it pushed me over 10%. I have a substantial investment portfolio spread over a few major brokers here in the US, but they all hit panic mode from a compliance and trading POV once I triggered the red flag of owning over 10% of what is considered a micro cap “ penny stock “ under US SEC regulations . In truth none of the brokers wanted to touch or even hold this stock at that point and even new brokers like MS or GS who had been chasing my portfolio for years wouldn’t take Them. Seriously , was like the plague . Both of my main brokers had to engage outside counsel to opine that my holding was legit and qualified under certain of the SEC rules as to filings / exemptions / notifications . A slow and expensive process and in the meantime I couldn’t buy or sell . I can be an arrogant so and so , so u can imagine how pleased I was being told what I couldn’t do ... eventually we came to agreement that everything was kosher but still if I wanted to trade had to ask “ permission “ each and every time , fill out umpteen forms and disclosures ... uff... not my MO ... meanwhile my other UK business venture needed substantial capital so , with the express agreement of my brokers we decided to sell down to a smidgen under 10% . In Truth I have been more open and transparent with this forum than from what I can see any other poster has been about intent / holdings /rationale etc. so any suggestions like yours that I and other icm are and have been lining up and stampeding to the exits are very very misplaced . I am under 10% and intend to be in for the long term to reap the upside of the risky “bet “ we took by taking the MMX paper rather than all cash other offers . We are all , now , confident that it will prove to be a wise choice but the risk profile back in early 18 was VERY different
regarding ICM.I still think they with SJL are the main problems here. We all know they want to sell PDQ and that is very unsettling for the market. SJL coming out saying he won't sell for a while does not hold water I'm afraid. Until they are out it won't change much either. all imo only..
yes Dandee, I have also previously said that it will be end of December for any news. I also expect more ICM selling coming up too. Hopefully the insties are still around to mop up.
perfect opportunity to prop things up.I wonder if they will?? Probably don't see any value at 7p?
TH won't put out an rns unless he absolutely has to . Does not like to lead with his chin and put out any forecasts or numbers etc because they already have come back to haunt him previously. ie, 1 million vip reg's by xmas, and missed by a mile a couple of years ago. Even with all the supposed good news imminent peeps still offloading at 7p. No news so back to where we were, unfortunately
100% agree Sunday - we have been at these levels far too long - now is the time for some positive news to stop any slippage and propel us onwards. SB
Although I'm pleased yo see some upward price momentum , I still consider MMX to be at a depressed price , the recent move only makes a start on reflecting the operational reality we now have.
Adultblock,an improving .Luxe,London pay off and a dividend are the news items we can look forward to ,in addition to the impressive bread and butter day to day business performance. Atb
Also what I noticed this morning on stockopedia mmx went from sucker stock about 4 months ago to neutral style very recently to high flyer this morning when I checked. So maybe this have something to do as well. May it long continue
It will be interesting to see if we can hold onto this weeks gains by close of play. Its not entirely clear what drove the shift in the past two days - new investors buying in after Toby's Mello presentation, increasing positive sentiment based on daily registrations (casa, London, fit, surf all doing well - and 1000+ for .luxe today possibly linked to further blockchain partners), anticipation that company is close to announcing results of its shareholders consultations, results ahead of expectations, .London settlement, market appetite for consolidation, reduced availability of sellers, and who knows - maybe the buyback made a difference! (I'm still sceptical on this...). The trading volumes were still very low - but the price appreciated well. Lets hope its the start of a journey based on the underlying operating strengths we know the company now has and 2020 is the year we can all reach our investment goals. SB
Added 147 today ,largest daily total for a.long time..
Another 13,000 domains added today, now sitting at 2.4mill total.
Lol, where's the guv'nor??
I remember it well ;)
Yes Bakky, from memory it spiked around 20p, though I recall sustained buying and selling at 17/18.
The next Labour Government may buy our shares .... happy days for all investors :( BW
can't remember now what the all time high is.Was it about 19/20p?