Member Info for itisagame

7. Remind DS that the £1m loan to Icon is due for repayment in July :)

They Did well to sell them, I can’t even get a quote for anywhere near that qty. I guess it was a Limit or market order. Good luck to them.

I will let you in on a few secrets that most anti oil, greens and environmentalists don’t understand

The majority of things made do and always will contain or rely on a form of oil. the things that are done with one form of carbon chains or another are incredible. From shampoo to food to wax to flooring etc etc.

The green revolution will be heavily reliant on oil, and the amount of carbon released / damage to landscapes / deforestation / tons of dirt mined for tiny amounts of minerals/ and environmental damage caused to create a new electric car is far more damaging then keeping an old car on the road for another 10 years. And new cars will just become e-waste.

Oil will always be needed, supply can drop significantly but demand will always be there.

Don't be too harsh, she was a non exec on £24k / year, i think she was the best value employee at the company and she held the company together briefly after the £200k / yr waste of timers who just looted and scooted.

Thank you Katherine and i wish you good luck on your next endeavour.

Fingers crossed Latino, Certainly looks like the wheels are turning.

Just please do not be that Tunisian O&G play from ATOG, I want DS to repay the £1m and be gone for good.

It almost sounds like a joke.

A geologist, an oil and gas IR rep, and a ? .... walk in to a media company....

Bye Katherine

“ What's the worst that could happen? ”
Auditors refuse to sign off accounts that have the equivalent to 18 months of revenue marked as “goodwill”?
Debt holders call in some of the £2m listed liabilities?
Company raises capital at discount to a 10 day vwap ?

Probably Better to focus on the best case.

Don’t get me wrong I’m glad the stocks up and had a great day from lows but It’s a Red / black gamble on stock market momentum.

The expected £3m revenue is for an 18 month period.
The company chose to use the extended reporting period to delay auditing costs.
Most eyes looking for detail will be on the "goodwill" line total once published.

The 12 month period looked like this :
Second Unaudited Interim Results for the year ended 31 March 202
Revenue for the period was £2,397,000
Net loss for the period after taxation was £271,000
Administrative expenses were £1,282,000
Total current liabilities (1,999,000)
Net assets £ 1,546,000 (of which Goodwill £2,772,000)
Cash and cash equivalents £16,000

+Cash wise they did raise £150k via CLN and the bounce back loan.

only 40 trades over £500, very quiet day.

Once can dream that the following conversations are going on.

Board to DS
“Repay the £1m Loan in full and get the 3 accomplices to sign this document agreeing to £1 each in settlement of back pay and we will drop the plans for an investigation and call it an end to the whole saga”

Board to EGHO
“£250k cash, there you go, it’s all that was left on the CLN, if you want shares with it buy them off the open market, the stocks cheaper than the price that you started this at.”

Board to OTT
“You got that bloody share certificate yet? Who actually owns them?, I have a significant holder and related party form to fill in”

Board to shareholders
“Right all sorted, let’s make some money”

+50% at subsidiary level, -£10k at plc level?

Filled it manually at 51 while stock was available, never know when the supply taps turn off here.

If BPC moves I might consider a few more, if it sees 3s-4s again, I doubt the 3s, 4s still possible as NT to sell many.

I did think potentially see 4s again, Limit order set for +100m at 5 if it dips into them with stock actually available.

Yes was in last week and sold out today, been watching it for years, all the way down to its £200k mcap lows nice to see it recover a bit.
It does currently have no cash though.

I’d be Happy to add to the current collection of icon shares sub 5 if it comes.

Someone’s been shaving the edges of a penny and buying shares with the swarf.

“ In the period from October 2019 to January 2020, the business performed well and trading was much improved from the first half of the financial year.

For these four months alone, revenue was £1.2 million and profit at the operating subsidiary MediaZest International was £167,000 at EBITDA level, generating a net profit of £127,000 after tax.

At consolidated level, revenue was £1.2 million with EBITDA profit of £58,000 and a small loss after tax of £5,000.”

On paper from the above alone you get the impression that If the plc isn’t generating any revenue or profits and is only chomping all the profit away from the subsidiary then it’s more beneficial to shareholders for the subsidiary to be private and pay a div (or the debts down).

Leaving them shares in the plc holding company as a shell for a new speculative venture with different management.

But their current shareholding and influence makes that a very difficult path, unless it was to their advantage (which technically it could be, but it would be like keeping a cow and giving up it’s feed supply, the reverse of the normal sell the cow to buy the milk that we often see).

Atleast we know 4 months of the 18 to be reported were almost brake even.

Can only Wait and see.

Just a post to refresh the frozen bb

Aaog? (You can tell I pick all the best stocks)

Yep, Fully aware of the customer base, it downfall was one thing that should have accelerated a decision for a change in direction from the company.

and > £1m of the debt being held at subsidiary level in the ltd company, which could have just be wound down or sold off, leaving the plc holding a much smaller debts that would have been potentially easier to convert to stock to allow the formation of a shell.

But when it’s the lifeline that drip feeds to the boards pocket it’s easy to see thats unlikely to happen while the cash flows.

Hard to find information that should be readily available and noted in the published related parties when it’s not published in the rns or on the investor part of the website, a 30% director and related party holding would normally give a stock support, so one can only speculate why they hide it.

It’s shady but have made a profit from worse positioned companies, my initial ideas of a potential future seem to have hit quite a potential road block.

I remember your username, Was it the CHAL or NTOG bb that you frequented previously? If i recall correctly you was correct on whichever board it was too.