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Cash shell mcap has nothing to do with cash in bank at these levels.

Look at ICON, saddled with debt, printing billions of shares and huge cash burn, no business or revenue yet still has an MCAP of £1.2m

Using your calculation it should be a negative shareprice.

The valuation of a shell is purely speculation on the potential deal the directors are likely to bring to the table. The higher the director profile, the better the possible deal therefore the bigger the mcap of the shell in anticipation of a future payday.

I would try and trade any spikes and buy back on dips but testing dummy buys shows it will be near impossible to buy back in for less than sold.

3.25p paid when offer at 2.80!!!!

There will be a glut of delayed reporting today. Bid/offer rising sharply with no reported trade.

The 400% rise is putting off the untrained.

A week ago the company was priced to delist and offer shareholders nothing. The mcap was under £100k and now it’s still only £500k. 400% of virtually zero value is still virtually nothing.

Shell companies with high likelihood of RTO are only worth what the management are likely to reverse in.

There are plenty of shells with poor prospects sitting with £5m-10m mcaps which is 10-20 times higher than where ITS sits today.

Even ICON the share printing machine with 46bn shares in issue and riddled in debt and no prospects has an mcap over £1m

Just goes to show the potential you’re sitting on as an ITS shareholder.

Took mine to 2.8% yesterday. That’s 1.5m shares locked away.

20/09/22: Allwyn formally announced as new uk lottery operator.

2 days later pull out of US listing via SPAC

Jan 2023 - UK regulators approve Allwyn as new lottery operator.

July 2023 - Allwyn management give lifeline to UK shell, (equivalent to a US SPAC) reporting there are already potential deals in the pipeline.

2+2 may be making 5 here but if the speculation is correct, shareholders of this tiny £0.5m mcap company could be in for a bumper payday!!!!

Now that’s an interesting prospect. Perhaps they prefer a London listing?

If there’s a hint of reversing an £8.8bn business into ITS, the ITS valuation before new share capital created would still be worth tens if not hundred+ million.

Not to shabby from current £0.5m valuation.

No wonder current directors (who are shareholders) were happy to waiver their fees and renumeration.

It did. I bagged a few into close when it was obvious day traders were not trading this one.

This will be very tightly held and MMs will struggle to supply stock as the week progresses.

If this holds onto a 250% gain on the day and shows buying pressure again tomorrow, I'll be going to 2.5%

at 1p this will only cost £13k to take a descent holding. Mcap only £520k at 1p

Plenty of shells with directors with no pedegree sitting at £3-5m mcaps. Massive upside but need to see todays buyers holding for more than a day trade.

I wouldn’t hold your breath.

Chimers, You heard anything?

Heavy dilution is inevitable but HWC only had a market cap of approx £1.5m on suspension so hopefully if a £20m-£30m valuation is put on the new company, our original shareholding may be worth what we paid for it back in the day, if not more.

I wonder if these will expire or if they’re working on something to enable the options to be exercised before 20th Dec?!?

The option granted to DMH is exercisable at any time until 20 December 2021 but only on the condition that the price per Ordinary Share, prior to any capital reorganisation, has reached 150p prior to the date of exercise.

For Clem, family and cronies.

If OBC and AFN can’t make any money in current climate if volatility and crypto/blockchain hype, they never will.

I got caught up in OBC hype a few years ago.

Raising after raising, pays for lavish lifestyles off the back of mug punters.

Try asking them where all the crypto is from the mining they’re doing??

Buying mining kit using shareholder funds but non of the returns from mining ever makes it into the books.

(Just an opinion but worth taking note)

Still no reference to Highway Capital as the vehicle being used to list on LSE.

I think you’re barking up the wrong tree. Hope I’m wrong.

Wowzers!! You are putting in some overtime!

What a load of rubbish you’re posting.

For example a quick look at https://infotagion.com/, the website of the so called Alexa app shows they have up on that project on 29th July when they last added content.

It’s a dead duck.

No blockbuster RNS on that project or others.

For every 100m retail purchases of ICON shares you are giving EGHOS licence to print another 100m shares at 0.0007, diluting your holding.

Any rocketing in the ICON shareprice, like yesterday will be baseless and orchestrated to fool retail there is a rally to buy into.
ICON may surprise with news and if you want to buy in the hope of that update, fair enough but do it in the knowledge of it doesn’t come, your holding will be diluted by the EGHOS ICON stock printing press.

Digital media is worth speculation but not while the company is in the process of generating another 5,000,000,000+ shares.

A £2m mcap divided by the 30bn shares currently in the process of being printed give a final SP of 0.000067

Half of current price.

Buy orders set?

I hope they are no higher than the price EGHOS can buy for at 0.00007

From another message boardBiggest overhang in LSE historyfirst of many 100m sells from EGHOS at 08:49 priced at 0.0125 when market showing 0.013/0.014Anyone thinking of buying here are up against the biggest overhang in LSE history.In April ICON had 1,637,129,905 in issue (having already printed 1,223,750,000 under a new financing agreement).Since April, EGHOS are selling every share they get as soon as they print them (see TR-1 RNS to see speed at which they offload)Every opportunity to sell they take and from Fridays RNS will continue to do so until the 30bn limit is reached.ICON & EGHOS may surprise and close facility early which was hinted in the July 8th update which was my original reason for taking the plunge but based on last weeks RNS's, this is very unlikely.So look forward to seeing at least another eighty 100,000,000 sell trades go through as the overhang is drip fed into retail nominee accounts.

The potential for a iconic is certainly on the cards but not yet.
While you have delays with Joe, contract values shrinking with no explanation and an unfriendly financial backer who despite Icon board RNSing they no longer need to drawdown on the facility, the funder is going to print another 13bn shares anyway.

Seftons crew are barbaric. ICON board have RNS’d they will no longer draw down on a loan facility due to material uplift and revenues.

A few days later the lender makes you backtrack on this RNS stating despite you no longer needing to draw down on a lending facility, the lender is going to lend you the money anyway because they are making 100-200% on the deal.

Anyone posting positive comments on Iconic at current shareprice and after Fridays news are either blind, stupid, naive or paid to write such terrible posts.

If you fancy making a few quid out of ICON, trade it hourly.
It’s not a buy and hold with another 8bn+ shares due to be printed over next month.