Those that are staying...18 Sep 2020 12:09
i have been very tempted to press the deal button and leave myself as that RNS does look horrendous. But i'm gonna put this in the bottom draw and see how things turn out. For me the bottom was 0.09p but some how i got in at 0.08p so i'll ride it out now after seeing what bounce it did have and what potential this has.
My main reason being (i'm not brain damaged or delusional before you hit back) is what the JOE media and other contracts have to offer, yes the EGHOF situation is not cool at all!!! and I'm still waiting for that 0% TR-1 to be announced (Palm in face) lol. They will chuck alot of new shares into the mix, but i can see them in the future being snapped up, at least we FINALLY know the end point for EGHOF as bad as that is ATM :(
Point to note from todays RNS;
"the contract has already commenced and is scheduled to conclude in Q2 of 2021" Q2 of 2021? hang on a minute?
Previous RNS: "scheduled to commence in Q3 and conclude in Q4 of this year?
That is definitely a 6 month extension! Clearly what ever it is has got a lot of interest, hence the extension. More to point, yes the contract amount has decreased by 50k but.. .. "Iconic receives a monthly retainer fee of £50,000 plus external costs and shall receive 25% of all profits if certain revenue and profit targets are met". So they've already turned that 50k loss into potentially 250k by extending the duration. Not to mention the profits and revenue they will receive from streaming.
I've cashed out before on stocks after a bad RNS and watched it rise day after day, so i like i said i'm gonna stick it out. If it hits 0.012p then i'll top up but lets see how things go.
Like all my other posts, this is just my opinion and not a ramp. But i'm sure some will disagree.
Lastly, DYOR and only invest off your own judgements! I'll check back soon.
GLA