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So with an MCAP of approx £700K and dropping, ICON are going to drawdown up to £250K per month (for 8 - 10 months) converted to shares for the fund to dump...we're talking 400 million + plus extra shares issued per month. Approx 30% + more per month. And the numbers could get worse. Current shareholders will be diluted into oblivion. I didn't vote for this. I can't see many PIs thinking it's the way forward.
Absolutely. It's killing it. You've got to be stupid not to be able to forsee that. It could only work with massive buying pressure. There is very little buying confidence. At this stage everybody, except European High Growth, are losers invested here.
It's ashame that the good work that this team appears to be doing has been overshadowed by the early mess ups and obvious lack of due diligence setting this company up. The funding arrangements leave a lot to be desired. They're in for an uphill struggle restoring investor confidence and have to work so much harder in order to do so. Every move going forward has be spot on because the continued decimation of share holder value is embarrassing, unacceptable.
The funding arrangement will ensure bods salary but suppress any rise. It's a death spiral. Many long termers can't wait to get out if they can due to bod incompetence. They might have a good product and service but they can't run a company and keep shareholders happy
I'm surprised you haven't yet Kenny. Despite all the lack of anything here the last few years, you still hold faith?
I just don't see it ever really turning around.
Yes. Back in Sep/ Oct. AfriAg was a huge disappointment for me. I bought into building a successful transport and logistics company with Africa feeding the world. DL failed.
I guess the 1 million £ contract negotiations were not successful otherwise we'd have confirmation by now. Should have never been mentioned in the first place. Its damaged confidence.
In 2020 iconic needs to improve by offering realistic timetable, sticking to deadlines and keeping promises.
Things move real slowly here
Not much interest in buying here. Only selling. So could easily get to 2p and less before very long.
When there was significant buying a couple of weeks ago, most buys shown as sells and price didn't rise. But the selling ensures its falling. Manipulation and usual games.
Sorry you lost so much money. I feel your pain here
200 million sold. Someone else is bailing.
30 million bought.
Some BIG trades today.
Ha ha somebody needed some lunch money.
I actually thought about a small top up here recently whilst the sp is so low and considering the 0. 1p placement.
But being such a long term holder, having endured the dreadful share performance despite all the potential...I couldn't bring myself to do it.
If DL wants any expertise in this field that he's branched off into, I'll happily offer my services for free. I've been self medicating for years. Had to dose up to cope with my Afri disappointments though :)
I'm going back to sleep. That'll be Afri's news for this year
300 million done with another 700 million pending shareholder approval. That's some serious dilution with 1.7 billion already in issue.
How long ago was AFRIAG formed?? What is today's value vs original value? Pos
Always so much potential and it hasn't been realised and reflected in the sp. The fund raising is at a ridiculously low price. We shouldn't be anywhere near this level. It is a poor company performance over these last years. And still on a platform that nobody trades on. Nice move there
I'm still here after all these years...waiting for Afriag to fulfill potential and achieve decent market cap. Could be this year?? Won't hold my breath. Disappointing news flow and exchange sucks.