Member Info for Deacs1970

Isn’t that the same for most companies before they start generating serious revenue

Cash burn is the problem coupled with very low revenue. Yes they have money in the bank after the raise. Will be interesting to see if they have that under better control.

1 post in five years and that was today. How strange!!

I’m waiting for anything below 18 to buy more

£165K out of the total fine is only payable if they don’t comply in the future for the next 3 years.

Needs to tighten I think to encourage a lot of buys.

Currently 0.193 v 0.178

Think it will be next month Joe

Cash balance as of 6th June was only £50K unless I’ve read the last quarterly update wrong.

Could be September based on the last 2 quarter update timings

The consolidation is purely to allow a lot more room to dilute pure and simple. They way the current SP is going and the continued dilution would get too close to the minimum SP allowed which would stop any further dilution allowed and therefore no more money coming in.

It may at some point pay off but to see anyone’s holding get battered down to 90% losses you would need a strong stomach to go through that kind of paper loss.

So if you believe the SP will continue to drop then surely you would sell. That’s what I did. It’s bleeding obvious no positive news will impact the SP while ICON are not generating any revenue and continue to dilute.

That’s how it generally works though but you are right in saying the printed trades are not accurate. You would have to be constantly watching the trades live to know.

They aren’t errors as such. All buy/sell trades printed as based on whatever the MID price was at that time. If the buy price is under it will show as a sell etc etc

Difficult to gauge how close to the meeting punters will arrive and buy. If we can hold this current level then could see a gradual rise but it’s anyone’s guess lol

Https://www.lse.co.uk/rns/VELA/option-for-potential-sale-of-interest-in-azd1656-gh7npyde88kgj30.html

Cheers Joe

Has anyone found any news when the merger is likely to go through? Based on what I’ve read it could happen anytime up to FEB 24

Steady on Jimmy lol. Let’s not get carried away

Don’t bloody sell people!! Lol

Jimmy, fill or kill worked