RE: Underestimate24 Aug 2019 13:13
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