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I can’t get excited by any editorial written by a publication owned (or part owned) by David Sefton.

Give me a nice endorsement from a company not owned by Iconic or Sefton.

Without news the next few sessions will be cleverly worked so MMs can offload new shares.
Fake rallies to suck mugs in thinking the bottom was reached, just like the one at close Friday which has rampers or mugs trying convince everyone else something must be brewing because the SP went up slightly at close.

Without news You will be able to buy below 0.01 before Friday.

EGHOS should be informing market of every 5% threshold they pass through.
They had the perfect opportunity to dump all their stock last week as nearly 25bn were traded thurs/fri.

If they haven’t been dumping, they must be holding!

Holding for what?

They RNS over 20% last tues.

I can only assume they know they will be able to make more out of their 20% by holding.

A buy and hold for me at this level.

https://www.share-talk.com/share-talk-bulletin-board-heroes-friday-11th-september-2020/#gs.fuijkx

Zak has reviewed Iconic again today. Still forecasting 0.05 once 0.025 broken
Sees the bottom/support as 0.015 now.

ICON is so oversold and weighed down by the continuous printing of shares, it’s like a coiled spring.
The Mcap will now be based on ICON as a business rather than the printing press.

Should see a close near 0.03 tomorrow and 0.05 next week.

It was only dropping back after each rise due to the printing of shares twice a month.
Today’s announcement puts this to bed and the additional update of strong growth and revenue means a re-rate to an mcap based on fundamentals rather than the poor sentiment created by the now shut down lending facility.

You’re not late MRRR, ICON is just getting started.

ICON is worth £3m using 3-5 times reported revenue, plus their share of digital assets, goodwill then additional speculation and additional future revenue.

If the now defunct destructive funding hadn’t been in place, ICON would have slowly risen to a £5-£7m mcap by now. With the current shares issued this puts ICON SP at 0.03 minimum. With speculation and a hype 0.05.

Zak Mir spotted it last week. He was ridiculed on the boards for his targets yet his first target of an increase of 100% to 0.02 was within a Gnats whisker today. His next target of 0.05 he suggested once share printing was over. This has now been made official so the next couple of trading days will be very interesting.

Screaming buy for another 2-3 bags.

Listening to todays podcast, Sounds like he has been put under pressure to not to put ICON into his bulletin board heros blog today but yet he has put it in for a third time reiterating his stance of 0.02 is imminent with an upside of 0.05.

He did state this is based on technicals not fundamentals which is fair but why would he risk his reputation of ICON doesn’t stand a chance? He didn’t have to report on it.

Like I said over the weekend, the more he repeats his view on a stock, the more often he is right.

He has a reputation to maintain, he could have easily bowed to pressure and changed his forecast and use the fundraising to justify his new stance, but he didn’t. He has repeated his forecast of 0.02-0.05p

I like how this is panning out.

You’re right Zaks predictions are mainly a technical analysis but in this instance he has also looked at the issue of the new share issues and stated if this has come to an end, recent previous high of 0.05 should be tested.

Sounds good to me.
4-5 bag from here.

Such a tiny mcap of £1.5m it’s priced to fail so any positive signs this isn’t going to happen, shareprice will instantly re-rate to a more sensible level.

Zak can be the kiss of death if your stock makes it onto Bulletinboard hero’s but he also has a good track record if your stock keeps reappearing.

The more often he repeats an upward trend and target the more often he’s not far off.

It’s a pretty fair assessment , “initial target, looking like august peak of 0.025 and if this is finally the end of the consolidation, target is 0.05”
That’s a 2.5 - 5 fold increase from fridays close.

He’s not just looking at the chart, he reading the share printing debacle like the rest of us. If it’s announced it’s coming to an end, there will be a sudden shift of sentiment benefitting anyone brave enough to get in a these levels.

There aren’t many stocks to have a ‘gamble’ on currently offering such a short term gain.

Also this is a main market stock, not AIM. The company is more highly regulated than most stocks with these kind of potential gains (and losses)

I’m adding when decent chunks are available up to 0.015

It’s a tough call. There may be buying pressure off the back of the fact ICON are trying to rearrange their fund to drop Alpha Blue.

Current number of shares 14bn, possible under current arrangement, 31bn

A possible further halving but even if this does happen, this company, the brands, existing contracts, possible contracts and potential revenue make this a £5m-£10m company.

Shareprice at these valuations and worse case scenario all shares being printed still give a 3 bag from current price.

If ICON announce current method of funding is being wound down for more conventional lending without printing further shares, this could 5-6 bag from current price.

You could lose 30-50% of a purchase at this price or make 300-500% over the next week or so.

Will be loading Monday in anticipation of announcement on funding and update on projects.

It’s my opinion you are more likely to double your money than halve you’re investment from this level.

I calculate they've taken £1.02m so far.
Minimum £980k to go.
They should turn the lights off if they are still in need of further funding past the minimum £2m

We need more than luck, we need a f'ing update from ICON.

Current mcap of £1.2m ish is a f**k up when printing £250k worh of new shares a month.

its F'ing disgraceful.

If you'd like to post your percentage of current 14bn shares, I'd be interested to see if we can get a concert party together.

It would be nice if the directors had more skin in the game but we don’t know the circumstances behind the setting up of ICON. And now it is set up, directors cannot trade in their own stock whilst they are privy to shareprice sensitive information not in the public domain.

If there is a restructuring of debt in sept. I’m sure the directors will participate.

Also much has been said about their £200k salaries,
The directors are only taking 60% and will continue to do so until balance sheet is in order and the company can pay overheads without using shareholder funds.

Anyone dismissing ICON as a trading play at this level are not doing there homework.

If you’re going to read just the bare minimum, make sure it’s the 3rd and 8th July RNS updates.

Long way to go get for what?
To start buying shares in ICON?

Yep you’re right, you may be able to make more profit once all 31bn shares are issued but be warned, it is suggested the company may end EGHOS sooner than first thought and surprise the market.

I’m buying at these levels. It’s possible shareprice will go lower but not by much now.
We are at the bottom, a flurry of updates and announcement more conventional financing has been used to clear the legacy loan and this SP will make buyers at this level a tidy sum.

I hope people haven’t forgotten what was in the 8th July RNS

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.

The maximum number of share which can be issued is 31,223,750,000

Current number of shares 14,089,510,854

Only 17bn more shares can be issued.

At the current shareprice of 0.00011 the mcap is £1.55m

If ICON had no debt, a tidy balance sheet, which they say they will from this EGHOS drawdown... key contracts and revenues exceeding £2m per annum (very conservative estimate) in a the growth sector of social media with proven track record and a couple of digital outlets picked up for peanuts during the covid downturn, what mcap would you consider applicable??

£5m (conservative)
£10m (realistic)
£20m (top end with optimistic forecasts)

Dont forget an offer for 49% of JOE alone was made at EUR12m, consider that when putting a value on all of ICONs digital media outlets and management contracts. Doesn't allow for any fake news outlet they may get off the ground. (Infotagion)

If all 31bn shares are issued, what would the shareprice be at these valuations

@£5m SP=0.00016 , (50% up from current level)
@£10m SP=0.00032 , (200% up from current level)
@£20m SP=0.00064 , (500% up from current level)

If you want to find multibags, you have to do these kind of maths and be optimistic about the companies business plan,

You can buy once news is out or the herd arrives but to maximise your bagging prospects you have to know when to get in when everyone else is slamming it.

For me its a minimum short term 200-500%

You could be right on further EGHOS funding but the last time EGOS had cheap shares to dump, the MMs did them the favour of creating a false market to drive the price over 0.02 to create the market for EGHOS to sell into.

buying now gives a possible 50% return if MMs/EGHO let the same game play out.

OR

ICON keep to their word and announce the closing of the EGHOS facility and more conventional less shareprice damaging finance is in place.
Given the revenues which should now be coming from GSN/TLE & Joe, whats left of the legacy debt can easily be restructured. ICON said Autumn 2020 in recent updates, its officially Autumn in 11 days :-)

I reckon even if it doesn't happen in Sept, EGHOS will only have one more round of funding before the facility is replaced.

The shareprice should reflect the current business model and upcoming revenues and no longer languish at these levels due to dilutive funding.

Mcap of £1.4m is crazy. Should be a minimum of £5m today and if next update shows growth in subscribers and revenues from TLE/GSN & Joe, more like £8-£10m

Quick re-rate to 0.04p imminent. With potential to 0.08p on announcement of re-financing and positive growth across brands.

The Group is fully aware that the convertible facility with European High Growth Opportunities Securitization Fund (EHGOSF) we inherited has led to a capital structure that is a source of frustration to the directors and to shareholders. The Group has sought to address these concerns with a settlement and financing agreement agreed post 31 December 2019 which will see a considerably healthier balance sheet in the future. Further details are as set out in the recent Notice of General Meeting, and the board is very grateful to members for their support of the proposals that we put forward.

How do you know they are sells?
They are just as likely to be buy driven trades from first thing.
Either way if it’s the same buyer/seller that was over 5% of current shares in issue so TR1 should be forthcoming.