RE: thid huge trade for a reason16 Nov 2020 18:51
Lemonsqueezy,
It’s a trust issue with Icon.
PI’s are confused, frustrated and sceptical as a result of all the shenanigans that have gone on over the past few months.
I’m resigning myself to the fact that the SP is going nowhere substantial til next year.
The financials are due before year end which may have positive effect on SP, however I’m thinkin no great news or no great financial news is imminent.
I think if it was then Icon would have deferred entering a conventional debt facility agreement until that news had been released to the market first. They would then have been in a stronger position to secure a placing at a much higher figure than the current 0.012.
Positives are termination of EHGOS agreement, signing of new contracts which all add up and open new doors and somebody has been taking a nice position with consistent big buys over past 3-4 weeks.
Bottom drawer job now til all these seeds they’ve sewn with Joe Media, TLE and Lovin Media start to grow.
ATB