RE: Tough to buy large quantities28 Oct 2019 10:49
Buying looks healthy, News Due anytime. Has there been news leaking before an RNs ? We are expecting further updates on Russia's deal with OVB ref- Libicore, who the Patent Licence holder is going to be for production and supply. The news will shoot the SP way north of 35p
RE: My research notes on OVB - feel free to share or add17 Oct 2019 07:21
Nice Summary for new investors. Also to mention that there is approx only 28.8 % free float as the other percentage is being held by institutions. Just a waiting advancements of commercial contracts either JV or Buyout for its Patents. This will multiply in an instant with any such news giving no time to buy at the current share price. Top up at these lows is my best advise and sit tight for news imminently
I would image a placing of forward selling is happening. Judging by how high the SP needs to reach for the HK market, the only other method is to introduce further shares that will increase the Market Cap.
Further announcements from many other countries confirming their Patents rights. Whilst awaiting US and UK, OVB will be busy negotiating production options with a JV as it clearly stated it wants to become a Manufacturer too. We are expecting news confirming the market strategy plan of all those Countries that are further forward in accepting Libicore supplies. The more Patents approval being announced the closer production needs to start. Manufacturing 100's M dose's needs to commence to fulfil the demands Worldwide. Stock piling needs to commence together with a Mega marketing campaign. I personally see this too big of a tall order to execute from OVB and therefore a Major Buyout of the Patent is more likely. This can happen at any time. Still a Bargain if you consider £35M-£50M plus for a worldwide Patent rights in a £BN market. Major Companies are no doubt in secret discussions at this early stage. Offer at a low value mention than pay £100M plus in the near future. OVB are in and will be in a commanding position to negotiate favourable terms.
Listen to Podcast today by J Q. £1M contract will shortly be announced followed by many more. Holiday period over we are now on the case with further contracts. 0.3p -0.5p then 1p Market Cap is going to re-rate here quickly
Plenty going on behind the scenes. It won't be long before news of JV or buyout from one of the big majors offer a decent amount for the whole Patent. Must be worth £35M plus. The Patent in Japan is another major step forward for world wide supply.
Thanks for the sellers just bought another 10500 @ 12.25p increasing my stake here. Sometimes best sit back and hold, but buying opportunities on a share like this a must. We have £14M of Poly with Dividend payment Cash in Bank BP - 101 ( Libicore ) Awaiting a JV or Buyout - £25M - £50M reservedly = All for £9.9M M/C Expecting £35M min M/C on next news = 40p plus a share
It's called dilution, A further £1.35M = further 1BN shares. Without all the Legacy issues of which the CEO was aware of but choose not to tell us investors. Before the Name change we were at 0.38p fallen to 0.1p. Even with 3BN worth of shares issued within 6months any contracts will be devalued by the number of shares in Issue. As to my last post which I still stand by, We investors will be paying for all the debts, Plus once the issues have been totally resolved, There be a consolidation of the number of shares in issues of which the BOD's will get a huge amount for free. Meanwhile us Investors will continue with dilution. So we have a contract for 2 years worth £1M A YEAR. Thats all we have for now. Yes the boys will be working hard, But there will be no more mention of any further contracts until the company is completely debt free. I would expect we will drift back to 0.12 - 0.16p so this has become a traders share. The RNS, Q & A have really told us nothing that we don't already know. other than DS is softening his own negligent behaviour to the bad management of the current Legacy issues. On the other hand he has done well in getting all investors to pay for a shell company, pay all its debts, get a fresh new name and then release shortly an RNS with a consolidation package that will give him and the directors a huge stake in ICON for free. This is why the BOD's show no commitment in buying shares, When they get them for free. So its to the end of the year before all issues resolved then maybe we see some uplift in early 2020. Great Job
We did hear from the horses mouth DS that there are still some debt issues outstanding hence why the additional £1.35M will be needed and converted to further shares being released. He gave a 6 month time period as these may drag on. Hopefully Q & A will address this further