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Can anyone shed genuine light obn the reason the current BOD decided to keep ICON afloat at such expense without even having a target RTO in the pipeline? It would have been easier and much cheaper to buy a shell company and reverse straight in to it without any need for ICON and its past baggage.
If I as a SH have no trust in the board and their intentions, why would an outsider trust them any better?
So we did avoid another suspension today as we got the accounts on time - but from the Notes to Financial Statements, the following bothers me now:
We have concluded that as a result of the new financing facility in place with EHGOSF as well as substantial discussions with EHGOSF to secure a long-term financing facility, Iconic Labs remains a going concern.
The (very) worrying part of this to me is the wording - "a long-term financing facility".
So the forward selling looks set to go on....and on....and on....
And I could issue a statement to say I'm an Olympic athlete with 6 gold medals - but it doesn't mean that it's true....
Also, today is the deadline for them filing interim accounts , if this is not done today, we face suspension again. I too am wondering if this has all been orchestrated in favour of EGHOS?
Are you trying to buy more than the market size so cannot get a quote? Try splitting your buy.
I'm with Jarvis X-O and cannot get a live quote as I don't have the spare matching funds, they only quote if you can see the transaction through. I don't get why you would need to wait for days to trade!
You seriously need to change your broker.
Profit, you are obviously a master scholar and understand all things in commerce better than any other person in the world. How good!
Maybe you could share your reasoning as to why this share is destined for the stars rather than the gutter?
What/why will there be a TRANSFORMATIONAL RISE?!!?
Pardon my s****** as I write this.
You say that this is a good entry price, but what will you say if it gets to be a third of the current price and still no announcements from ICON?
My own opinion is that this share should be suspended again until any RTO is finalised as I don't see how you can operate an orderly market with a company that has no business and no plan. Buyers are buying into nothing with this toxic company, and this share has become a trader's dream and an investor's nightmare.
What if the RNS you expect says 'sorry, but despite our best efforts, we have been unable....etc etc? You would look a bit foolish then after ramping as you are.
I am a holder but wish I was not, and these are my opinions only and could be wrong. Wherever Brad is, it would not hurt to update the market on any progress.
I share it too. Why did ICON not just RTO into another empty shell? Why try so hard to keep this one alive?
Did STING even actually exist???? Really????
Would it really be a good idea to release news of a new RTO when the USA and UK etc are almost at a point of a stock market crash?!!?
Probably programme trades set up to beat algorithms by making sales to counteract purchases to keep sp from crashing. BUT WHO is setting these trades? IMHO.
Is this site working today, the share price hasn't changed all day and there are no messages????
DICK on Sunday - "Lol.....waiting is a pain in the Aris..rhyming slang..."
DICK on Monday - "Patience while the new business model is being set up."
What I don't understand is why EHGOS have sold at such low prices, they must know what is coming for the company, and could potentially make much, much more money had they waited and sold after any RTO or other announcement.
Why have they wanted out so quickly?
What happens to any share price increase if/when an RTO is announced if they are still on board with more new financing? Surely SH will be decimated over again????
GS - do you know what a penny share is? These have only ever been a penny share?
ICON don't have staff, just the odd director in 2 or 3 different countries....I'm wondering how prospective new companies feel about the business setup?
Maybe your next on-screen name should be Dr_Ramper....or maybe Prof_Ramper as it seems to be your specialist subject....
Or ask the 'Dr'