Member Info for itisagame

Is Refreshing to see.

And the company has dropped the non profitable deal with green castle?

They did with AAOG

My money is still on that It’s Going be a shell with the £13-15m retained losses and a few hundred k in the bank once the dust settles and it hitting the £2~£3mcap, maybe even higher for a short time when the rto speculation kicks in, might have a short period of suspension before that time because the company doesn’t have any board of directors!

Could be wrong and it end up as nothing but the potential is there.

WDC was sat at a £200k mcap before the first ego pump, now it’s got larger carried losses, should (SHOULD) have less debt, could even have a borderline even balance sheet when the cash raised in November (assuming it hasn’t all disappeared), shard draw down, £1m green castle loan (which I doubt will be repaid) are taken in to account.
Yes any of the cash it currently has access to will Likely be spent on legal and settlements, but what Evers left might... I dunno, make a good film storyline?

Just have to wait and see. ..

“Corporate Finance and M&A Advisor“
Icon paid him for his “advise” too.
Finance - amends terms, runs away with £1m
M&A - runs away with the acquisition because he doesn’t want merged interests.

It could all be fine, DS will return the £1m loan, the board will drop their claim for back pay, ego will accept the £250k in shares based on the price at the time originally agreed and be done with it, OTT will find a few cash generating acquisitions to pop in the company with an equity raise at a reasonable price, dividend paid in 3-4years.

I can’t believe how similar this play is to Aaog, atog, the £30m spent, etc

You would have thought that the removal of the conversion right to the loan would have been considered a major change to the business and need shareholder approval, shareholders were not even notified in advance.

“ untenable” = bull.
If egho had a stake in green castle via icon then ego/icon/green castle would have had a united benefit to make the most of the content creation and management, everyone would have benefited.
The board oversaw 100x dilution and held no shares, they had no interest in preserving shareholder value, an ego deal would have made no difference to them, unless their definition of “ untenable” involves them actually working and having to produce the goods.

Even the green castle has a notice period to end the contract, that seems to have been bypassed too.

They left, they didn’t forfill their contracts

No, if OTT wanted to list they would do it conveniently, or existing holders of icon would take a 9999.99% dilution with money raised used to purchase OTT in cash and equity, and the remaining cash for future funding of the new company (which will be the same directors and staff as before listing)

They put near enough a million quid in, its just an investment for them, they could have listed conventionally for that with 100% instead of 18%.

An OTT subsidiary or OTT held equity investment yes, possible, maybe even likely for an RTO if they are not DS / EGO linked.
But the Whole company - no, you create subsidiaries to reduce risk to your parent company, and float subsidiaries on the market to give you a pay day, you never float your whole holdings company, multiple little floats raise more capital and can be liquidated with no risk.
Normally Only list the holdings parent company if it’s up Schmitz creek or you want an exit from the business completely for a huge payday.

It wouldn’t surprise me of Ott is holding seftons money from Aaog that was never repaid, and DS used OTT holding name to get out of the green castle deal to run off with the Joe assets that ego thought they were getting.

Nah to far fetched, but it is... 1 con.

I’m looking at it as a shell, that’s all it is now.
The only things it has are
a £1m Loan due to icon which is unlikely to be repaid due in July.
£750 cash raised nov - how much left we don’t know.
£500k shard loan drawn down, plus £500k on the facility undrawn.
Unknown debts remaining with eghos
Unknown back pay due to old directors (who do not deserve a penny of it)
Current assets GSN etc might aswell be toilet paper.

But I thought it was last week at 0.006 - 0.008 and called it completely wrong and OTT thought it was at ~0.012.

£3m mcap should be achievable even as a shell with £200k-£500k cash in bank. But it all depends on the next financing arrangement and ego deal, I can’t see OTT wanting to dilute theirselves to oblivion , but who knows they may even decide to just write it off as a bad investment.

I have seen worse situations turn to a ten bag, but I’ve also seen better situations turn to nothing.

Could be the new ticker?
Daily Online Gossip?

Just wait it out.

DS (who has worked for ego/abo and been placed in other companies by them) got his fingers on Joe media which was the asset that eghos was trying to get hold of, DS gets it under green castle then eghos try to take a chunk of it with a conversion in to icon and then convert the loan in to green castle equity. DS does a runner with the Joe assets and ego/abo are miffed off with DS and his underhanded tactics which even fooled them so they say “NO, that settlement was for a company that had assets, you screwed us, give it back”
DS says no, takes the stooges with him, they live happily ever after.

And OTT Now left trying to thumble something together from what’s left.

its the mcap that counts, many shells are currently valued at £2-3m+, plus cash, minus debts. It will be rebranded, probably consolidate & raise more funds for an acquisition.

assuming the loan can be recouped or repaid in 6 months without DS dodging his way out of it then that should cover debts.

the current company management wasnt worth very much at all potential was very limited and even less when the potential conversion of the loan in to a controlling holding of Greencastle was removed.

OTT have various private equity / Venture capital / alternative investments, it wouldnt take much to bring something with potential to the table.

>10 billion volume today, a record?

Well they didn’t use it to clear out the old debts, agreement wasn’t delivered, So I’ll naively assume it’s still in the bank.

they have not resolved the EGHO issue, EGHO still want their pound of flesh, they have the £1m loan that Greencastle owes ICON in limbo, they had the £750k placing which i assume they spent?, they had £500k of the new £1m shard facility drawn down, the board did nothing at all for 6/12 months on the company owned "assets", the over paid incompetent board still want their back pay, OTT have lost their share ownership certificate in the international mail system.

Many issues to resolve still.

But.. eventually... they might get to the point that you could call it a clean shell, i think another name change is very much in order as most would like to forget this whole icon phase of this listings life.

Hard to be optimistic about getting the loan repaid when DS ran away with a "loan", company assets, and left alot of invoices to be paid in his wake at the last listed company he was involved with too (AAOG).
the 3 stooges are just overpaid and useless decoys under the command of their leader.

some you win, some you lose.