We would love to hear your thoughts about our site and services, please take our survey here.
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
So read the info from OVB recently placed on their web site. Clearly states third party to produce and clarifies Junipers evolvement through the trail period
From OVB
The drug is produced by contract manufacturing organisations (CMOs). IVIX does not have and does not intend to develop its own manufacturing facilities until significant revenues from sales are achieved. For drug manufacturing, IVIX has chosen CMOs with strong track records of quality assurance and regulatory compliance. In Russia, the drug is manufactured by Nativa LLC, a CMO which has numerous peptide drugs in its portfolio that have been successfully produced for the Russian market.
Juniper Pharma Services, located in Nottingham, UK, will fulfil the second part of the drug manufacturing cycle for IVIX, namely production of the final drug product. Juniper Pharma Services have strong experience in the manufacturing of ready dosage forms for clinical trials, under a Medicines and Healthcare Products Regulatory Agency (MHRA) license.
The glass vials and nasal spray pump for the drug product are manufactured by SGD (France) and Aptar (Germany) respectively, both established firms in their respective areas with strong track records of product quality assurance.
Juniper can find other sources to produce such a large production scale of Libicore. And OVB have stated that they want to expand into production themselves as well as R & D. But their product is tapping into a £BN market and have attracted bigger players whom be interested in buying Libicore and producing themselves.The key here was always getting approval and whilst the Licence is awaiting, We will be expecting third parties come forward with their proposals.
Expecting RNS from OVB confirming JV interested party to produce and distribute Libicore.
Be massive re-rate if Bachem AG confirms they are in discussions and going to either buy the Patent rights for 20 Years or JV
Either way its a win win for OVB.
SL
Its making the best out of a bad situation. There can't be many here on profit other than huge losses from 0.3p
As COdey sensibly stated keep a decent stake and ride the wave as EGHO continue to fleece us. Try and play at their games you might be surprised
Nothings changed other than further 6 month delay to sought out all the skeletons.
So they confirmed over 1.65BN shares in issue at present. Release further £1.35 M which EHGO have and can do that even more
shares to forward sell. Really need major contracts to push this above our current crisis.
All one can do is top up on the dip. Back to 0.12p unfortunately as this will be traded now on any rise as we can see
Bachem AG - a huge Swiss pharma attending IMAP 2019 at the end of August will be mentioning Libicore.
Filing for marketing before that and even partner would be ideal!
Some very large companies will want in on production prior to Licence granted as the value will massively increase has news emerge. OVB have a an incredible tested product ready for immediate marketing in a huge country like Russia.
Watch OVB reach new highs. Expecting a run to 50p plus
SL
Work out how many shares to raise £1.35M = Over 1Bn @0.13 p Another £600K = further 1/2 BN shares
All in the RNS and these need to be dealt with. Its not a negative just a fact that the company unexpectedly found themselves
in deeper waters when they were not told about these issues from the former BOD's of WDC.
Do we really know how shares been sold ? Bear in mind we had 1.3 BN shares in issue prior to name change.
Can you give any other reason for all the 10 M sell blocks ?
I'm afraid no news are going to be released until all matter are completely dealt with especially with Legacy.
In short DS & the boys have bought a shell company of which has and will cost them nothing. Its all us share holders that have provided a life line for EHGO to continue to forward sell many £100's M shares. We have inland revenue debt and the additional £1.35M raised recently that has not been factored in the total amount of shares issued. 3 BN shares will be the minimum amount before all issues have been dealt and resolved. Without notice of contracts signed, ICON will continue to increase and dilute shares in issue making any M/C extremely low. We are in essence a shell company with name change and a team getting ready to build a well worth company that no doubt will make all us share holders worth while. Before this happens however, There will be a re-cosolidation of the current shares in issue possibly 1 new share to every 1000 old.
Then we should see a flow of contracts worth many £ M's and a Start of a profitable company without no need of raising any funds in the future. The Boys will grow the company exceptional quickly having given a large proportion of shares during the re-consolidation agreement.
Meanwhile at the current SP value, it's going to take many more sells to gather the amount of funds to deal with the existing and last of the debt.
ICON will not provide these contracts until then as the only logically reason is that us shareholders will pick up the tab.
Many have stated in some posts why not just buy a shell company else where ? Simple DS has the backing and facility
of EHGO and it won't cost any of BOD a penny. Only us.
Expect more batches of sells...... Good news is excellent opportunity to accumulate on the Lows. It appears resistance 0.11p.
Accept this and then without any notice we will wake up to an RNS with the news of these contracts.
A time frame is totally unpredictable has the amount of shares being sold really depends on the value of the SP. We have seen the SP drop 3 fold since WDC name change so raising the £1.35M is over 1 BN shares at 0.13p
GLA and accumulate on the lows.