RE: Potential Mcap and SP13 Aug 2025 10:33
Yes hard to get at the mo, got a 2nd top up at 10:06 for 17935 at 4p, after a 21821 earlier at 4.35p 09:01, little slices from 2 of my others.....GLA
as has been posted, under the new rules for a market RTO, the returning company newco or old name, has to have a coming to market value of over £30m
the higher icon goes, the less new shares will need to be issued to the target company for conversion ratio. Resulting in Xm shares in newco on return.
at current Market cap and its always about MC never sp (unless blinkered to today only price, traders/skimmers/scalpers)
Massive scope here at ICON, so will our dubious BOD and funders , be looking for ICON to be a MC of £1m , £5m , £10m , or more as part of that overall £30m + valuation 🤔 The higher ICON goes pre deal , the lower the dilution, if an all share conversion swap deal.
Been in dozens of RTO's , hoping for one similar to a miner last year, suspended going RTO at 3.5p , structured deal with target at 5p per share, came back and roared to 35p in 3 sessions, so 10 bagged from the suspension price.
Can live with that , ICON suspend at 10p and return to a new trading level £1+ 😉😅