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Conversion. Nothing like misleading the market aye Big Dave.
Could be wrong, but I believe the answer to your question LB28 would be 1,090,552,698 (total enlarged issued share capital as per this mornings RNS) less 103,143,420 (total as per 20th May TR1)
“The fact that we haven't had any contract/operational news for a while”
Mate, what are you going on about? The £1M contract was only announced two weeks ago.
Companies don’t release RNS’s at every farts end to simply appease nervous PIs, they do so when they have something appropriate to announce. All this talk of clarifications/news RIGHT NOW, etc is embarrassing. If you don’t have faith in the company, sell up and go rainbow chasing at UJO or the next pumped AIM share
On the AAOG thread it quotes DS saying he will be on Proactive later (today by implication) - clarifying the position on AAOG which is in a bit of a spin - so he may get asked something about WDC at the same time.
He's done interviews for both companies (separately, previously) for Pro Active so he has a history there.
May be interesting to watch out for.
Someone mentioned around 1pm.
The fact that we haven't had any contract/operational news for a while and especially today should indicate that there is probably more to sell and ICONIC/WDC don't want to squander news on yet another selling opportunity for EGNOG.
WDC need to issue three today RNS's clarifying EHGOSF's position.
They've obviously converted (again), so we need a pre conversion figure, how many they've now converted and a new holding figure. Hopefully the new figure will not be much more than 5%.
Until that is sorted people don't know the true reality and we won't get any big new money coming in.
Hopefully they're going through the figures now and can't afford to get it wrong again.
It feels like we were provided a whole lot of old or outdated news this morning which is making it hard, intentionally or otherwise, to stick the current status together.
EGNOG's holding is now pretty insignificant, so shouldn't be creating the influence that it is on the SP. There certainly isn't much case for delaying contract news now as any overhang will be blown out very quickly.
We just need news and clarity now. Simple as that.
I thought the fund would have been out over the past week, yet they seem to have still gained further shares and not hold 5% which are locked in. So, this should just about draw a line under their dumping of stock, but yet again we are waiting for them to clear off before it seems DS is willing to provide any more news.
1) Why not give the name out?
2) Documentation stage is not the negotiation stage!!!
3) They've gone quiet on PR. Appreciate they are a little team but as a fledgling outfit they need to understand information in critical.
1.) previous info said the contract would commence in June. As it’s only 17th, the company have another two weeks to confirm whether this contract has started and provide details of who it is with.
2.) I presume these are still being negotiated and will therefore be commercially sensitive
3.) I agree that an update here would be welcome, though Sefton did allude that legacy issues were complex. I’m guessing this is why they’ve relied on the money for EHGOS to sort these issues out.
4.) personally, I think this will arrive sooner rather than later.
To conclude, at this stage I’m happy to give them the benefit of the doubt and time to sort this out properly. Bagging overnight? Doubtful. Within the next couple of months? Highly likely. GLA
OK , you asked for it, here are my list of reasonable demands, which, if satisfied would get this thing moving.
1) £1m contract with who?
2) 6 weeks ago we were told that they had 'several' contracts in documentation phase. Where are they?
3) Update on the Stemcell business ? Hopefully it's disposal/sale.
4) Hard launch and more PR, investor show road map (don't need an EGM or name change for that).
Where are u reading the 4% as end of financing agreement says ‘remaining bonds have been converted’ and ‘lock in of respect of shares representing no less than 5%’
Fund still has 4% left.
Name change and EGM are just admin as the end of the day.
We need contract and revenue news.
RTR - sounds like you’re becoming impatient to me.
We’ve already got a £1M contract lined up before Iconic Labs is even official, with more engagements to be confirmed.
We’ve also been told that the fund that has acted like an anchor on the SP is about to be removed.
Next news will be launch of IL and additional contracts.
What more do you want at this stage exactly?
Fund is out EGM next ? Then name change?
A few 1 mln sells and I think that's it. Fund is out. Watch this space.
The SP of this stock has barely moved in 3 months. For all the puff and wheeze.
Sefton and Quinlan need to get some 'detailed' news out fast i.e next 48 hours, otherwise people are going to get bored as well as confused.
Looking at the number of shares now in issue though it’s up by the 100,000,000?? It’s not helpfully worded for sure but I do wonder if these additional shares are in fact to be issued?
At least two more RNS's to come today - to correct the first two.
I think David may have a podcast ready after contract news this week.
This is all about to start, happy holding for pennies which I dont think we will have long to wait.
I like the line in the 3rd RNS: "...as business development activities continue and engagements are signed..."
ENGAGEMENTS people!
GLA
Agree Chan
I expect contract news to come out this week and we wont have FUND selling as its lock in.
Could be a good rise this week.
BigTen4 - The first RNS this morning appears to have a corrected date in it (the original TR-1 said the crossover date was the 21st May, today's said 20th May).
The 2nd RNS is notification of a conversion which took place on 23rd May.
As far as I can tell, the 3rd RNS is confirmation that (looking through the numbers) EHGOS only have 6 million shares let to convert.
Hope this helps