Member Info for dickie3times

Maybe s movement after close. Is a 50m buy enough to move it thougg?

Typo sorry...
He has began hitting the ground R
running

Everything about PJ points to an uncertain way forwards. He has began hitting the ground tunning with his initial enthusiasm building dozens of projects without deep thought as to their individual prospects for each project. Bit like getting a great idea off the ground withva huge following but reality is creeping in....maybe some are proving too expensive to mine or simply showing difficulties. In short, he has moved too fast too soon on an idea that is proving costly.
Family issues...i am not so sure. Don'they all say that?

MMS win on every ttade no matter whatthe market conditions.

Iconic's CEO, Brad Taylor stated on 25th Feb relisting:

 

https://www.investegate.co.uk/iconic-labs-plc/rns/restoration-of-trading/202301251208248611N/

"Iconic has been successfully restructured, we have financing in place, and the trading suspension has been lifted. The Company is now working to formalise terms with the various parties that we have been speaking with over the last few months, but who understandably would not formalise discussions until the trading suspension was lifted. I look forward to updating shareholders as these conversations progress."

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed ino accordance with the Company's obligations under Article 17 of MAR.

 

Lol gonger...sorry gingerbear

GONGER.....Oh I wish I had funds to add to my holding. At these prices and with what is coming

ME TOO. I am testing fate hoping for even lower which without news is likely.
Gla

Lol
Blueveiner....i forgot to add...
...being patient is something we all find hard BUT also a pain in the ar/ se.

Redtructuring

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Iconic Labs PLC (ICON)
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Thursday 02 February, 2023
Iconic Labs PLC
Restructuring Update

RNS Number : 7169O
Iconic Labs PLC
02 February 2023

Iconic Labs PLC



("Iconic" or the "Company")



Restructuring Update





Iconic Labs PLC (LSE:ICON), provides this restructuring update following this first week after the trading suspension was lifted.



Iconic thanks its shareholders for their patience as management continues to stabilise the Company. Lifting the trading suspension was a significant step forward for the Company and whilst the Directors understand that shareholders are eager for news about the future, potential acquisitions, and strategy, their current focus is necessarily on completing the restructuring process.

Firstly, to fulfill its obligations under the Company Voluntary Arrangement ("CVA"), Iconic still must make two cash payments of £50,000 each for the months of February and March, and then a final £15,000 payment for April.

The cash for these payments shall come from the £3 million financing facility with European High Growth Opportunities Securitization Fund ("EHGOSF") provided (i) the closing market price of the shares for each of the ten consecutive trading days falling immediately prior to the relevant closing date is at least higher than 150% of the nominal value of Iconic's shares; and (ii) the average daily value traded of Iconic's shares (excluding 5% of the data points from the top and excluding 5% of the data points from the bottom of the data set) for the 20 trading days immediately prior to the applicable closing date is at least £ 10,000.

EHGOSF provides this financing to Iconic through notes with warrants attached that are then converted into shares. While this leads to some dilution, the Company asks that shareholders recognise that this financing does not lead to any corresponding cash liability; meaning, Iconic does not owe cash to EHSOSF for this financing. This is a valuable financing tool for a company in Iconic's position striving to have clean books with no liabilities.

Secondly, once those three payments have been made, Iconic must then fulfill its final obligation under the CVA of issuing 1,674,130,609 shares to the unsecured creditors. Iconic reminds shareholders that again, whilst this will lead to some dilution, these unsecured creditors had cash claims against the Company. Those claims have been cleared from Iconic's books and satisfied with a 75% discount paid in shares.

Thirdly, secured creditor claims brought against Iconic of roughly £4,200,000 were reduced to £750,000 to be satisfied through the issue of convertible notes, and EHGOSF reduced its historic claims against Iconic of £3,000,000 down to £750,000 to be satisfied through the issue of convertible notes. Again, this will result in some dilutio

Rns Feb 2nd

KeywordCompanyEPIC/TIDMSEDOL/ISIN
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Iconic Labs PLC (ICON)
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Thursday 02 February, 2023
Iconic Labs PLC
Restructuring Update

RNS Number : 7169O
Iconic Labs PLC
02 February 2023

Iconic Labs PLC



("Iconic" or the "Company")



Restructuring Update





Iconic Labs PLC (LSE:ICON), provides this restructuring update following this first week after the trading suspension was lifted.



Iconic thanks its shareholders for their patience as management continues to stabilise the Company. Lifting the trading suspension was a significant step forward for the Company and whilst the Directors understand that shareholders are eager for news about the future, potential acquisitions, and strategy, their current focus is necessarily on completing the restructuring process.

Firstly, to fulfill its obligations under the Company Voluntary Arrangement ("CVA"), Iconic still must make two cash payments of £50,000 each for the months of February and March, and then a final £15,000 payment for April.

The cash for these payments shall come from the £3 million financing facility with European High Growth Opportunities Securitization Fund ("EHGOSF") provided (i) the closing market price of the shares for each of the ten consecutive trading days falling immediately prior to the relevant closing date is at least higher than 150% of the nominal value of Iconic's shares; and (ii) the average daily value traded of Iconic's shares (excluding 5% of the data points from the top and excluding 5% of the data points from the bottom of the data set) for the 20 trading days immediately prior to the applicable closing date is at least £ 10,000.

EHGOSF provides this financing to Iconic through notes with warrants attached that are then converted into shares. While this leads to some dilution, the Company asks that shareholders recognise that this financing does not lead to any corresponding cash liability; meaning, Iconic does not owe cash to EHSOSF for this financing. This is a valuable financing tool for a company in Iconic's position striving to have clean books with no liabilities.

Secondly, once those three payments have been made, Iconic must then fulfill its final obligation under the CVA of issuing 1,674,130,609 shares to the unsecured creditors. Iconic reminds shareholders that again, whilst this will lead to some dilution, these unsecured creditors had cash claims against the Company. Those claims have been cleared from Iconic's books and satisfied with a 75% discount paid in shares.

Thirdly, secured creditor claims brought against Iconic of roughly £4,200,000 were reduced to £750,000 to be satisfied through the issue of convertible notes, and EHGOSF reduced its historic claims against Iconic of £3,000,000 down to £750,000 to be satisfied through the issue of convertible notes. Again, this will result in some dilution,

Rns FEB 2nd

Patience while the new business model is being set up

https://www.investegate.co.uk/iconic-labs-plc/rns/restructuring-update/202302020755097169O/

https://www.proactiveinvestors.co.uk/companies/news/1008384/greatland-gold-sees-most-encouraging-results-to-date-at-scallywag-project-1008384.html

Greatland Managing Director, Shaun Day, commented:

"Our recent exploration campaign at Scallywag has delivered the most encouraging results to date."

"At the A35 Prospect, pre-collar drilling was completed with gold mineralisation intercepted plus important pathfinder geochemistry encountered, including bismuth which is associated with the Havieron and Telfer gold-copper deposits. The high-grade silver and copper mineralisation intercepted at the Pearl Prospect, confirms the possibility of a new style of deposit being identified. The underlying deeper geophysical targets at both prospects are yet to be tested but have now been prioritised for diamond drilling in 2023."

"These results, together with the continual improvement in understanding of the buried geology, stratigraphy and structure, increase our confidence in the prospectivity of the ground, and our ability to vector towards intrusion related and other styles of mineralised systems at Scallywag."

Lol.....waiting is a pain in the Aris..rhyming slang...

...aris = Aristotle - bottle and glass, ar/se

Fortunately, sourdough bread can be good for people who have or are predisposed to diabetes. Research suggests not only is sourdough an ideal part of a balanced diet, but it can also help to manage blood sugar levels and provide other benefits, which is important when dealing with diabetes.
https://edsbred.com › is-there-a-link...
Is there a link between sourdough bread and diabetes?

LOL.....was funny the first time and hilarious the second time.

Has everyone gone to the moon....?

Back yo market ICON....after 4yrs????

Thanks Acker...agreed good read..

https://www.mining.com/web/battery-metal-frenzy-outshines-recovery-fears-at-mining-show/

being snapped up?