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Every RNS since the rotten placing has more or less diverted attention away from the LFT. The mega placing which clearly stated a pittance of the funds raised would be used to develop the LFT and covid related opportunities. Ask the company why, not me.

What have I said that's been incorrect thus far?

I keep trying to tell people it's becoming more and more apparent the main attraction here seems to have derailed IMO. If all goes well September/October at the earliest before the product is on the market IMO.

All the RNS's over the last few months now tell a story, and that is that the company appears to be focusing on everything except the LFT. Ask yourself why that would be? Either things are not looking good, or there's a longer delay in getting the product to market than anticipated IMO.

When they are coming out with news about shzite nobody cares about incessantly it speaks volumes IMO. Delays, added uncertainty and lack of news means the risk here is now more than it's been since early in the year IMO. The price will come to reflect that reality soon enough I feel.

............NCYT is one of the most likely buyout targets among the Covid19 testing companies IMO. It has always been quite a way ahead of everything else by about 3 or 4 months. I just hope the board are keeping this ahead and preparing some proper news this next week or two.

Why bother debating the vague tripe most CEO's spout. We all know the score, most of them are incompetent and only go into detail when they want to raise money to pay their own wages for the foreseeable. After that they return to making vague statement like, "sometime in Q3 2020", which usually means Q4 2025. They're all BS artists who don't know shzit from clay until they've got their hands in it. The only thing most of them are good for is hanging a pressed suit and violently starched shirt and tie on to help create the illusion of business acumen in the eyes of the mug punters.

..............Avacta were to slow getting their test up and running, now the company that provided the reagents has been bought out by a much bigger competitor. A huge concern going forward now IMO.

This is the sort of thing that happens when you have a company run by amateurs with no real business sense.

.................and it comes out of suspension like that. What an anti-climax.

"Sefton has been harshly treated and has been scandalised for too long."

Wow, just wow.

"Us rampers have been reiterating that ICON will go into revenues befir EHGOS is out. Don't listed to the DOOMSTERS. AT these prices you will multibag and multibag again over the coming months AND STILL BE UNDER a TENTH of a penny"

EHGOS is only one third of the way out. How can it do so well in the coming months if there are likely to be three times as many shares in circulation by the time they've finished, and that's assuming they convert around the current price?

We know all that. Do you live a light year or two away?

10m revenue but no profit. The company went bankrupt. At this moment in time ICON is entitled to 25% of nothing as far as I can see.

.......Do they mean "Replace" the current financing arrangement after the entire £2m has been taken up.

What's changed now compared to when they agreed to this rotten agreement 6 months ago. They said they had no choice but to take it because there were no other options. Have they found a money tree growing being Seftons crack den or something since then?

When they say they're "looking into it", you can generally translate that to mean, "we're making noises again around the first week of the month to help the fund rinse everyone, but don't worry you won't hear from us again until we need more volume".

..........."Iconic intends to look at conventional financing options to replace current facility."

When. You were giving us an update on a £1m contract "in a few weeks", and that was 14 months ago.

When these guys are specific be worried, but when they're vague be feckin' petrified IMO.

Sounds like another stunning Sefton deal. 50k a month to pay this showers wages. ICON gets 25% of nothing and after/if the company ever gets the Euro fund off it's back, then ICON will take out another £1m loan that will probably result in ICON owning a share of a company that just went bankrupt. As someone said, Sefton never fails to disappoint. I guess he has to pay for his many hobbies/habits somehow.

Haven't seen it, but did they mention TR-1 and/or Issue of more Equity in the interview? Astoundingly honest and surprisingly out character for them if they did.

.............Answer this question honestly. What do you think the very next RNS will say here?

The death spiral agreement wasn't inherited. The current agreement was concocted at the beginning of this year by Sefton and the team.

It's all well and good people screaming deramper, but answer me where it says the death spiral finance agreement is over as some appear to be suggesting?

The company is required according to the agreement to take £2m with an option to take up to £5m. So far since February, just looking through the RNS's, the company has issued around £680k in equity relating to that agreement. So in almost 6 months the company is little over one third of the way through the required £2m. Please tell me how today's RNS spells the end to that. The fact remains on the slightest volume the fund will be selling and converting.

Rather than simply screaming deramper, please explain what you disagree with and why, not to mention showing the facts and figures to back up your counter argument.

................Reality appears to be sinking in now as people read the RNS thoroughly and the fund goes to work again.

To be clear as far as I can tell from reading the RNS, the death spiral finance agreement is still very much alive and well with a long way to go.

............Falling for the same BS all over again. 50k management fee is so small as to be negligible. Says they may get 25% of profits. What profits? and then only if certain targets are met. What targets?

You see anyone with an ounce of sense will see that this reads like the usual Sefton stitch-up IMO.

Where are people getting the idea that this spells the end of death spiral finance? After 6 months we're nowhere near half way through the current scummy finance deal.

If you don't see this as another attempt, albeit more elaborate, to help the fund convert and offload into the volume you shouldn't be investing.

Where does it say in the RNS that the death spiral financing is gone?