Member Info for itisagame

There you go, I just put a limit sell order in for a few at 0.01 if you really want them ;)

Just over 450m shares now for me, that will do.

25-Jan-21 09:12:15 0.0061 81 Sell* 0.00

Lol? Zero pence trade, that’s a first

Another gem was them stating in the accounts that they don’t know what debts WDC have, and somehow they signed the accounts off stating that.

It’s the little things too, I just noticed they can’t even set up a webpage link correctly, click on “our team” on the iconic website and you get new window pop up with the IP url :
Not secure http://3.8.0.207/our-team/

Instead of it directing correctly to
https://www.iconiclabs.co.uk/our-team

This is the most basic web of design and quality checks, it’s the same for the other links too, board, companies, team, news etc.

Oh well, I’ll keep it as just a momentum trade for me, it’s worked most other times here.

yea, one of the biggest flags was the removal of the ability to convert the £1m loan to Greencastle in to equity in Greencastle, that made no sense at all for an extra £10k a month they lose all security held on the loan?
I remember the AAOG loan and funding for new company assets that went walk about... Only to appear in another company that they set up...

What are they actually doing with Info and GSN?
We are still deep in the pandemic and its 6 months since they last posted on Infotagion, that should have been a click bait farm for them this entire time with everything that has gone on.
and... GSN hasnt had any new posts or news since Feburary last year.
I know they are so say working on Joe and the other greencastle bits but with what they are getting paid .... you would expect some work on the company "assets"......

I find it incredible that neither the company or EHGO has stated the actual cash value of all debts outstanding for the entire period since i dabbled in WDC, You get statements that sound like they know or have resolved them but never an actual number, why not just put a pound sterling number out in an RNS on what is outstanding?

Then pay it from the cash in bank, my understanding last year was that a single tranch of the £2m was left to convert of £250k? they have the cash, just pay it down? Or If Ehgo really want shares instead buy the shares up off the market that equal the value of the conversion and VWAP at the time and give them to EGHO in settlement.

It was a simple task, raise new money - pay off the old debt ( rob Peter to pay Paul :) ) and they still bugger it up.

Will this be the end of EGHO here once this last batch is resolved?

"3.4.19The Financing Agreement also provides for the settlement of all amounts (including the issue of further Ordinary Shares) due under the Deed of Settlement, by writing down the amount outstanding by 30 per cent. and the balance being settled by the issue of notes pursuant to the terms of the Financing Agreement as detailed above."

Am i right in thinking in 6 months around 8/7/2021 the £1m is due to be repaid to Icon? im thinking how long they could drag a court case out.

08 July 2020
"The structure as set out in the management services contract is that Iconic Labs provides it's commercial expertise in running all commercial and operational activities of JOE media in consideration for a £50,000 monthly management fee plus external costs and in addition shall receive 25% of all profits if certain revenue and profit targets are met. As part of negotiating the management services agreement, the Company has entered into a £1 million loan agreement with Greencastle Capital. The loan is repayable within one year, or can, at the sole discretion and election of the Company, be converted into equity in the JOE media Business using a valuation which is a 20% discount to the enterprise value of the JOE media Business as acquired by Greencastle Capital."

Looks like if OTT wanted about all they could get away with is putting one or two non exec directors on the board without breaching the contracts.

From 2020 Accounts report
"Dependence on a key contract At this stage, the revenues from the JOE and Her MSC comprise a significant majority of the Company’s revenues and the loss of this contract would materially adversely affect the business. However, the MSC entered into with Greencastle has an initial term of one year which rolls over automatically unless both parties agree to terminate. The effect of this is that the consent of the Company is required to terminate the agreement, thereby significantly mitigating this risk. There are only limited other grounds for termination, such as Greencastle’s sole right to be able to terminate the MSC on one weeks’ notice in the event that: (i) two or more of Liam Harrington, John Quinlan and/or Sam Asante cease to be directors of the Company; or (ii) more than three other directors are appointed; or (iii) the existing executive directors cease to exercise day to day management of the Company. As at the date of these accounts, no such events have occurred and the MSCs remain in place and are continued to be carried out in accordance with their terms in the ordinary course of business. However, should any such events transpire in the future then it is possible that Greencastle may exercise its right to terminate the MSCs by serving such notice. "

im looking for the loan terms that Greencastle has with Icon for that £1m.

If you were looking into anyone there is one link between it all........
He is still tied to everything that ICON have been involved in, EHGO, Greencastle, Infotagion, Nuuco Media Ltd (GSN)......
And ill speculate that he is possibly the actual owner of the stock currently held by OTT holdings on his behalf.
Just trade the momentum, there is no need to put a ring on ICON shares.

And he has in the past thrown a public tantrum when named on other bulletin boards for companies which he was a prior director.

Or we come back to an idea floated last year by someone else that I remember being posted here that OTT are simply “holding” the shares on behalf of a client, who may or may not be DS, EHGO or another linked party. I can’t remember exactly but the date / time of the transactions were questioned, as they were inline with something like a tax or declaration deadline.

OTT “ Real Estate - Hospitality - Entrepreneurs - Venture Capital - Alternative Investments - Private Equity”

Trying to work out this share really gets the brain ticking, one question leads to another.

Good luck DV.

Another thing to consider If OTT are so concerned about the Share price they conveniently have the perfect opportunity to average down.

I wonder What Due Diligence OTT did before they purchased that original 18% :)

It’s that we are back to ehgo having forward sold
Stock to them that didn’t actually exist, I know the tr1s line up and make it look like ehgo had stock but no one actually knows how many shares they hold at one particular point, ehgo could be covering their butts and planning to buy back off open or have the shares issued as settlement to level off their books and the shareholder register.
a hole has been dug, they need stock to fill it And my gut says the sp will be forced to rise once it is.
Disclaimer : to me icon is still a dog and I am only trading the momentum.

If they don’t provide evidence it Will probably come down to something like OTT have purchased the stock from EHGO but have not paid EGHO yet for it, and now are trying to weasel out of that deal because the stocks cheaper than what they agreed to pay.

I’m assuming it’s Because they are not officially on the shareholder register under that name.
All OTT have to do is provide evidence they own that stock, ie get a letter confirming from their broker or request it in certificate form and send the board a photocopy :)

The trouble is Sara it’s mainly from a single 12 month subcontract and they are 4 months in to it, it helps but they need 100% icon owned assets generating a sustainable revenue.

It all just stinks of ehgo trying to cover their forward sold shares.

I’m Not subbed to SP / TW, just saw his post on Twitter, did he find out what sofa OTTs shareholding certificate was under?

Still 3% for main market, and every whole % they brake through above 3%.

But yea, reporting standards are a complete joke.

Well there should be a tr1 for that 1.4b trade the other day as it was over 3% of the company.

I think this classic scene in The Big Short can explain what we have here best, just replace a few of the words.

replace "Mortage Bonds" with EGHO Loans
replace "CDO" with Icon Shares.

https://www.youtube.com/watch?v=3U8nDMCjAMA