read half year report- possible liquidation by end of june2 May 2023 14:18
some people have misunderstood the half year report or trying to flog a dead horse
we dont know if ehgo is anywhere near done selling and almost 2 billion icon shares were given to unsecured creditors last fri
still a lot more selling to come im afraid to say
for all we know if an rto did even go ahead we will go into suspension again if fca feels there isnt enough info publicly on new company for investors and could slump again on return like last time as people are fed up having shares frozen and want to move on
depending on new company an rto could end up being a bad thing e.g product/service/management issues
based on vix post yesterday it sounds like the ICON board made a poor decision investing in Sting in 2021 as they didnt have any customers, puts a massive doubt over their business acumen
sorry to be negative but lets be honest/realistic about whats actually happening and not mislead more people
imho the board kept ICON alive to reimburse EHGO and OTT and wouldnt be surprised if this liquidates by end of June with an excuse of director leaving for personal reasons or along those lines
it even says in half year report that ICON could liquidate for a number of reasons, why send such negative messages with zero filter if you want to attract new investors/clients? ..."we warned you of all the risks"
if you dont believe that UK companies like ICON disappear overnight then take a look at POG as one recent example