Member Info for bloodninja

I think wolves' point is valid re spikes, they're for selling not buying! For example, everyone that bought today at .0068 is currently c20% down based on live bid of c.0057. The news has already dropped, lesson if you're now stuck in is get out on next news and bank profits! Or if brave, hold for potential cash shell news

Interesting, looks like OTT are indeed taking control as I mentioned yesterday, what they plan to do with this entity is anyones guess. If the term cash shell gets mentioned I imagine it will do more intraday spikes for sure, just sold some more myself, great opportunity to get out. Changing my tune a bit granted, although I still have some left in for the record. If this dips between now and next RNS I'll be going back in, as I said this is likely to be undulant so try and ride it profitably

TLDNR - sell spikes, wait for more

I heard an Amazon contract is lined up for signing on the 30 February this year, no doubt some dilution to fund cost base requirement, maybe 3 trillion shares at current price should cover it, followed by a modest 2for1 consolidation, I'm watching this space for sure, had a little top up of 1,000 shares today in anticipation of the aforementioned contract

Here is the only play here in my opinion - OTT as largest single shareholder taken control, institute a new BoD and pursue cash shell route. This is only viable if the state of finances can be cleaned up. The issue with this is that EHGOS have a claim against the ICON entity, therefore this 'listing' be it cash shell or no is bound by that claim (because ICON as an entity is the one who transacted with EHGOS).

No-one can say for certain what the state of affairs is, it could go either way. If it's messy it will fall to absolute notional value most likely, if it's better than expected and can be turned around (i.e. EHGOS cleared off) then it may well fly to dizzy heights. Worse case, EHGOS seek to pursue even harder and lodge a creditor-based winding up petition whereby everything will be cleared and netted and they get whatever is owed (there'll need to be some calculations in this regard because what they are owed is linked to shares being issued, allegedly).

I've too much on to put myself forward as director here but someone needs to! I fully expect OTT to do so, unless they've just walked away and written off their investment (one tends to believe the latter is unlikely given the press statement they made recently) - watch this space but don't put the house on it.

PS - only hanging around and commenting because I left some in to see how above plays out, definitely sold some today though!

I guess anyone wondering why it's tumbling back down should ask why it went up so much this morning, answers should be the same!

I hate to appear as being wolves' mate, but his observations on today alone are worth noting. This has gone up >100% on no news, it's either market anticipating news (OTT taking over the board?) or just a P&D, either way, in the absence of an RNS it's pretty foolish to buy anything after a 100% spike in c2 hours IMO. Hope folks sat on a loss from last month or so took back some funds from this rise (it was one to sell into not buy into IMO!)

Market knows something or almighty pump & dump; if the former then my thoughts are that OTT are coming on board and screaming cash shell, in which case you can expect fireworks, but strategy massively depends on the state of the balance sheet, debts, cash, finance in place/available, repayment of £1m loan, and finally waving goodbye to EHGOS (and their claim) and ex-directors

Lol wolves, super rich from his share trading but finds plenty of time to comment on a BB of a share not invested in, love it

Lol, so you had inside knowledge? You knew that EHGOS would make a claim? You knew the board would leave? Of course you didn't, it was a guess that SP would go down and, like a broken clock, you were right eventually

Oh look, a poster on a share where he is not invested claiming to be a god of predictions.

Even a broke clock is right twice a day.

OTT must have considered this when they came out and said board should be replaced if changes aren't achieved, thus there is potential that this was their plan all along, but I accept this is wishful thinking.

Cash shell potential requires someone to take charge, and OTT are the only real candidate to do that unless someone else wants to come in and do it. How does anyone find out answers to all the questions about the debts etc? Presume would need a large enough shareholding to institute a new board.

Main listed clean cash shell would be worth a lot more than current market cap, so be interesting to see if someone takes it on as such.

Cash shells that are clean can sit at c£3m, actually more than triple current SP, however there is an unknown here of outstanding (legacy) debts, and they won't go anywhere unless the listed company is dissolved. Cash shell value will be directly reduced by these debts and I'm not sure who exactly is going to tell us what they are. The next thing to consider is the deferred salaries, I wouldn't be surprised if the old BoD pursue the deferred amounts, which makes this a somewhat unnattractive shell given legacy issues. If someone, smarter than me, can figure these and preferably figure a way to wipe the slate clean re deferred salaries then you have an easy cash shell play here, wouldn't be surprised if it plays out that way.

I'm still here, bad call on this one, however I stand by the fact that no-one could have known this would happen, so all the folks who said it would may have their day in the sun, I acknowledge you were right! Again to reiterate, you did not KNOW this would happen, you couldn't have, unless you're on the inside. However, folks like wolves, reso, and Redhammy did indeed point out some things that provide valuable lessons for the future: directors never buying any shares when the risk of them abandoning the car = huge warning sign! (lots of co's where directors don't own shares but are they trading on a razor thing edge of 1 or 2 contracts gained at mates rates? If so, remember what happened at ICON!), also, the track record of diligence/integrity, I wanted to believe that EHGOS were being ****s, however it's clear they got it right and ICON got it wrong, if the BoD had a more solid track record then it would've been more plausible that the court case would fall away, alas it seems EHGOS were right and ICON (once again, yes) got it wrong.

I'm not even going to attempt to predict where the SP will go from here, cash shell worth roughly triple current SP, but depends on debts and other outgoings (directors salaries?? seriously?)

BN

Yes because the company has bought back 99% of issued share capital, so there's 1% free float = 370,000,000, then 1 million times consolidation means there's 370 ICON shares in issue as free float = moon

Case thrown out, new contract with Amazon, 900% intraday rise, company buys back 99% of issued share capital, then does 1,000,000 to 1 consolidation is my prediction

Today is the day by which an update should be expected, if EHGOF haven't provided the particulars then claim is thrown out. One has to assume they hadn't provided the particulars earlier than yesterday otherwise ICON would have had to RNS it. Let's see what they come out with later

Or case gets thrown out because, unbelievably, ICON BoD actually got it right (OK, OK, now I really am dreaming, someone humour me for just a moment)

What? Why would ICON be suspended? Today is the deadline for EHGOF not ICON, if EHGOF hasn't filed the particulars of their claim today it goes in the bin! I highly doubt ICON will ignore it, if particulars are indeed files then ICON will address it accordingly.

OTT haven't made a claim, EHGOS has. Yes, particulars of claim must either be (a) contained in or served with the claim form (which did not happen); or be served on the defendant by the claimant within 14 days after service of the claim form (deadline is today). So if the latter doesn't happen (and I believe ICON will be obliged to confirm if it does via an RNS) then as far as I'm aware the claim is thrown out. Watch this space.

Bitcoin fanboy by any chance?