Member Info for akramms

8 jUL 2020

Iconic Labs PLC's CEO expects firm to be profitable within three months after JOE media deal.

https://www.proactiveinvestors.co.uk/companies/news/923707/iconic-labs-plc-s-ceo-expects-firm-to-be-profitable-within-three-months-after-joe-media-deal-923707.html

3 MONTHS ALMOST HERE, WILL SEE WHAT PROFIT HAS BEEN MADE!

14/08/2020

Paraytec

http://paraytec.com/news-events/post86/rapid-test-for-the-presence-of.html

In my opinion, this is a strategic acquisition for BRH, conveniently giving BRH 30% of RMS, which will give them chance to make Mandatory offer for RMS, allowing them to take back PHARM2FARM, CLOUDVEIL and GYROMETRIC SYSTEMS in one swoop.

I think BRH will make offer for RMS for share swap, combining both companies in one.

Will see and wait.

"The Vendors are presumed to be acting in concert and as they will own more than 50%, and Braveheart will own more than 30%, of RMS on completion of the Acquisition, the Acquisition is conditional upon a waiver being granted by the UK Panel on Takeovers and Mergers (the "Panel") from the obligation of Braveheart and the Vendor concert party, to make a mandatory offer for the Company under Rule 9 of the City Code. Such waiver, if granted, will be subject to the Company obtaining approval of independent shareholders of RMS at a General Meeting."

https://www.nature.com/articles/s41565-020-0751-0

Nanotechnology-based disinfectants and sensors for SARS-CoV-2

" Nanotechnology could have a closer impact on the current pandemic when implemented in two defined areas:
(1) Viral disinfectants, by developing highly effective nano-based antimicrobial and antiviral formulations that are not only suitable for disinfecting air and surfaces, but are also effective in reinforcing personal protective equipment such as facial respirators.
(2) Viral detection, by developing highly sensitive and accurate nano-based sensors that allow early diagnosis of COVID-19."

If it is a US Global Player, they probably cannot announce until US MArkets open, if they are listed, which would likely they are.

They have to get rid of current financing facility and arrange for alternative facility where shares are issues along with share price increase, otherwise it is a death spiral.

They have already stated they are looking for alternative financing to replace current facility, as and when this happens, price will remain at 0.0001

They have stated they will be in profit within three months so this will help to get alternative facility arranged.

08/07/2020

"New management services contract with JOE Media Business generating revenues of at least £50,000 a month. Intention to look at conventional financing options to replace current facility."

"Iconic Labs anticipates this management services contract will contribute a significant amount of revenue to the Company and will enable Iconic Labs to become operationally profitable within three months."

Balance sheet of Iconic Labs and future funding

Iconic Labs believes that the step change in revenues, operations and prospects as a result of this management services contract allows for a strategic financial review of Iconic Labs itself. This will specifically include a review of how the Company is funded. Consistent with the previously announced intention, it is hoped that this will provide an opportunity for the Company to raise sufficient capital to be able to clean up its balance sheet. This could include a conventional equity fundraise and/or conventional debt facilities, and the Company aims to have the new funding in place in the autumn of 2020. Iconic Labs does not intend to enter into another variable conversion facility or similar arrangement.

....

John Quinlan, Chief Executive Officer of Iconic Labs, said:

"We are delighted to have been involved in Greencastle Capital's successful bid for JOE media, which involved a very competitive sales process among more than 15 different bidders.

The acquisition of the JOE media UK businesses by Greencastle Capital is by far the biggest deal we have been involved with as a Company so far. Both the JOE media business and the management contract structure fit our strategy of leveraging scarce capital while operating the best brands in digital media. With JOE media's credibility in specific areas like politics and sport, Iconic Labs now has access to some best in class assets through the management services contract.

With access to these assets and significant immediate revenues, the Company's business is now reached the stage where we can as promised consider other financing arrangements. I hope this deal will provide an opportunity for the Company to raise sufficient equity capital to be able to look at the Company's options for more conventional equity raises and/or conventional debt in order to finance the Company's growth on a more conventional funding basis."

https://www.lse.co.uk/rns/ICON/new-management-services-contract-with-joe-media-hiqdb6agna1bem5.html

Looks like either BrightGrow SSAS , are still buying or someone is. Million buy trades going through. Expect another 'Holding in Company' announcement soon

Some buys showing as sells as well

https://twitter.com/BrightgrowS/with_replies

Braveheart owns 100% of Paraytec, it is a subsidiary of braveheart

https://braveheartgroup.co.uk/investments/paraytec-limited/

How many shares in issue?
is current market cap really only £0.5m?

USD4.2m = £3.33m

From the last RNS holding, it states 57m shares in issue

£3.33m / 57m = 5.84p per share

If you say 20% will be handed over to share holders then 20% of this is: 1.16p

Current share price is 0.3p

12 June 2020

Origo Partners Plc ("the Company")

Update re Celadon Transaction

The Company has been informed by the controlling shareholder of Celadon Mining Ltd. ("Celadon") that Celadon has entered into an agreement with a third party to sell Celadon's assets for approximately RMB 330 million net to Celadon or approximately $47 million ("the net sale proceeds") with closing scheduled for the earlier of (i) the lifting of certain restrictions on travel in connection with the global pandemic or (ii) 31 December 2020. The controlling shareholder then expects to return the net sale proceeds to Celadon's shareholders through a share buyback. If this occurs the Company would receive approximately USD 4.2 million. The Company invested approximately USD 13.1 million in Celadon in 2011. In the Company's last published accounts dated 30 June 2019, the Celadon investment was carried at a "fair value" of $1.129 million. The Company has not been involved in the negotiations for the sale of the Celadon assets and has no direct insight into whether closing will occur as planned. Further announcements will be made in due course.

TUESDAY 2 JUNE 2020
DURATION: 6:30PM - 7:30PM

In the midst of the crisis, we can already see a landscape of economic and governmental uncertainty stretching ahead of us. How can digital technology be best deployed to build economic resilience and nimble government in the new era?

Chair: Alexi Mostrous, Editor and Partner, Tortoise

This ThinkIn is in partnership with Capita

Our special guests include:
Damian Collins MP, former chair the Digital, Culture, Media and Sport select committee

Andy Start, Chief Executive Officer, Government Services, Capita

https://members.tortoisemedia.com/thinkin/digital-thinkin-covid-com-digital-change-and-opportunity-post-pandemic/content.html?sig=XBPOufVEnEiYXTC5g9MUINXZaveuRlGhjhTPco1ZanU&utm_source=twitter&utm_medium=social&utm_campaign=covid.com-capita-thinkin&utm_content=27May2020

Damian Collins co-founder of infotagion - combating disinformation on COVID-19

Digital ThinkIn – Covid.com: digital change and opportunity post-pandemic

https://members.tortoisemedia.com/thinkin/digital-thinkin-covid-com-digital-change-and-opportunity-post-pandemic/content.html?sig=XBPOufVEnEiYXTC5g9MUINXZaveuRlGhjhTPco1ZanU&utm_source=twitter&utm_medium=social&utm_campaign=covid.com-capita-thinkin&utm_content=27May2020

There is all the TR1, then usually a good RNS follows, see what we get today, if anything.

The financing facility with EGHOS is ridiculous, they must have a clause in the agreement to get out.

Now that they have traction and becoming more noticed, I don't see why they cannot get better financing deals.

The only thing holding this back is the EGHOS facility. The board are not concerned as they don't hold any shares, its the PI's that are getting done over.

If the board did hold shares, they would definitely think twice about the financing.

https://www.share-talk.com/share-talk-bulletin-board-heroes-monday-1st-june-2020/#gs.78cvgr

General Meeting

https://www.premierafricanminerals.com/investors/circulars-and-notices/download?path=Notice%2Bof%2BGeneral%2BMeeting_2020_Final%2B.pdf

Hoping for additional news on Thursday or soon after.