The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
was expecting a bit more tbh, at least they actually done the monthly q&a, they appear to be sticking to there word but it just feels really slow & taking longer than we imagined on every single aspect, contract, website, etc, but 6 weeks is 6 weeks and I’ll wait to see if the website gets the ball rolling.
Without dragging it out.. a guy started unilad then wrote lots of controversial posts regarding university rape and stuff so he stopped running it and it was just a shell website. Then he gave 66% of the business to John Quinlan and I forget the other guys name. They made it hugely succesful then the guy who originally started i believe wanted to sell his stake or said he was owed x amount. Went to court, they said he was entitled to the money, unilad didn’t have it, he sold the debt he was owed to ladbible who then demanded payment thus forcing them in to voluntary liquidation. It was sold on the “cheap” I believe for £17,000,000. David Sefton got involved in unilad I believe to try and save it but they failed. Since then they have taken over a failing plc widecells, taken finance though the existing finance agreements to clear the old debts which was more than anticipated, now they are trying to create a marketing and advertising business made up of lots of smaller “unilad” type media outlets to offer big marketing and advertising packages to bigger clients. Currently they have cleared the debts, promised a lot and now were all sat here waiting the deliver some contracts and revenue and not say they need more financing for acquisitions as they will probably source the financing through share issuance appose to taking debt out in the form or loans etc. that’s how I see it.
whats the consensus here today then.. q&a today or next week? Or never... and are people expecting it be positive with contract news and dates for official launch and website etc and saying there will be minimal share issuance for funding going forward or will be negative, nothing tangible and admitting they will require more funding in the next 12 months by issuing shares?
I don’t know mate, whenever they don’t meet there own deadlines they set it really ticks me off, i’d Rather they said just be patient a few months until we have something tangible, rather than we’ll do x,y,z and not do it. Does my swede in.
I phoned st brides as the lack of communication from the ir@iconiclabs.co.uk and the phone numbers are a joke. email sent explaining my annoyance at the lack of Septembers q&a. If they won’t engage with shareholders I’m going to annoy there investor relations firm and they can give iconic a kick up the backside to answer pi’s questions like they said they wanted to.
Maybe it’s just me that assumed the monthly q&a for September would be released in September and I’m disappointed icon haven’t released it yet. I guess the counter would be that if they release it in either the first or second week of the following month it gives people until the end of September to submit questions. Understandable reason why we haven’t had it yet? or crap communication from the company?... slow delivery of promises from the board? or investors being impatient?. It’s all individual perspective I guess but I feel annoyed and impatient lol, not sure about everyone else here.
I get the constant sells dragging the price down, but I never really understand how the sp drops so much when the actually volume is literally 1-2% of the shares in issue. This is why I believe the price is More based on sentiment instead of buy/sell ratios and financial information. this gives an opportunity to buy in negative sentiment and sell when positive fundamentals are produced. It’s just subjective if you think they will produce. I think long term they will, so I will keep topping up once a month but it doesn’t help anyone all this talk of jam tomorrow. Show up or shut up is what I think the board should be doing, just let the contracts and revenue generate excitement for investors, not just talk on various media outlets and make false promises. The phone number for pi’s is never answered, the q&a wasn’t delivered in September, the 1m contract still hasn’t been confirmed, the “official” website still not launched and now October, starting to test even some of us patient long holders here.
A hammering today on lack of communication, like many investors here I expect who would prefer they didn’t say anything at all rather than promise better communication and monthly q&a’s and not deliver. I’d be quite happy here if we didn’t hear anything for months but when we did it was positive revenue generating news, but this is the second time i’v Felt the board haven’t produced on deadlines they have set themselves. I think the drop today is based on lack of the q&a and not based on volume of sells. Sentiment at an all time low here amongst many. I do still think they will generate revenue and in the long term this is a steal, but it is testing for current holders.
Good mate, im only in here at the moment but I’m happy with the amount of research i’v Done and know what I’m invested in and the potential for further share issuance, I just believe the possible revenue and profits will blow that out of the water here. Even if there is double the shares in issue the market cap could easily more than triple given how low it currently is compared to the near term potential and likelihood of that happening given the guys involved and what they did at unilad. Should be 0.20 at a minimum here, and soon imo.
Hola amigo, I think We’ll just get the monthly q&a next Friday- pure guess. but I do think we’ll keep getting new info every month now be it contract news, acquisitions, rns’s, q&a’s, full website launch, that sort of stuff and over time that’s going to build the sp up. Imo
Haha, no mate. Had my once a month top up already for September last week. you happy with all the recent acquisitions? I am. Imo all these little businesses are pieces of the iconic Jigsaw coming together very nicely.
If anyone has an interest check out companies house. Gay star news posted on 30th of August it owned close to or over 800k before voluntary liquidation in its statement of affairs. It’s obvious the 500k revenue wasn’t generating profit or it wouldn’t have been in debt after 11 years of operating, then gone in to voluntary liquidation and got hoovered up my ds.
On the flip side check on Wikipedia(not accurate I know)- “Gay Star News went live with the backing of investors: Goldman Sachs, PwC and National Australia Bank[6] on 16 January 2012. Stephen Fry then tweeted his support to his 3.7 million followers, and is credited by Gay Star News for publicising their site regularly”. It clearly is a good news feed for the lgbt community with loads of followers and readers. The question is... can icon make this profitable where previous management failed for 8 years by incorporating it under the iconic labs business which hopefully will include several news and social media content producers and publishers. ‘Student media ventures’ that icon have a 24% hold in is another interesting Jv or start up I think will be discussed in the next q&a or rns.
This specific acquisition is a mixed bad given gay star news poor financial history mixed with a huge following. Its not the best acquisition since sliced bread, but it’s not like they have acquired a complete piece of rubbish either that nobody’s ever heard of or had 0 followers/readers/viewers.