Iconic Labs Share Price (ICON)

Good post from sep80 on Advfn. copied

What really excite me in this latest RNS are twofold.

1.It states clearly

"importantly we have already booked revenues in excess of the purchase price."

So if ICON bought GSN for £33K and they have already received revenues in excess of this already then ICON must already be earning £33K plus every month ? The deal was done in Sept 2019 and by Oct 2019 they have already received in one month their costs."

2. Add these Revenues into the equation too.

"The contract with MCM is due to be worth a minimum of GBP25,000 a month as soon as they conclude their acquisition of The Tab and we are looking forward to closing more contracts in Q4 which is traditionally a busy and profitable period for the industry"

So we see at least £50K plus each month and generating revenue must be being received already. This alone will re-rate the current M/C never mind the addition £1M plus contracts.
The more I read the more insight of what really is going on behind the scenes.

Still seeing buys shown as sells. I stick to MM's gathering stock. As we speak they are willing to take all of my holding.

I must be almost righteous with the patience

LiL

If there is no (or minimal) further dilution this will definitely be one of the success stories of 2020 and beyond

It is no use being invested here if, like many AIM investors, you have the attention span of a hyperactive gnat. To my mind the management are carefully & patiently putting together a worthwhile media / consultancy business. There us no need for a RNS every time they cut their toenails. Clearing up the old Widecells legacy business has clearly been more difficult & time-consuming than anticipated but they have not cut & run. They have stated that they will avoid unnecessary dilution & meaningful revenue generation is close at hand. There may be old Widecells money in this that just wants out & we are, of course, approaching the end of the year, a traditional time for "housekeeping". I believe - & this is purely a personal opinion, that this could be one of the success stories of 2020. Of course, detractors may believe that it will crash & burn. As the saying goes, "You pay you money, etc ...

They already have the cash. They got £1.375m through the Finance Agreement.
The question is how will they repay the FA? Either through traditional loan notes which I believe accrue 5% interest pa. Or they have the option of converting to shares if this passes a vote at the GM.

Chrispye - why do you believe they will not issue more shares?