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Correct, and consider if they weren’t serious about RTO they wouldn’t have bothered with the laborious and expensive process of getting the CVA complete. This to me says they are serious and have RTO lined up and ready to take the next step..

What’s their to dump…most of us well under water here lol

Many not expecting this RNS but admin again or no CVA and gone forever….but now???

Should see it now just been some 20min..

This could be one of the great AIM stories, if Brad can now pull this off…he has bought this back from the brink of bankruptcy…now CVA done, can show what he and the board are about!.

Brad Taylor, Chief Executive Officer of Iconic Labs, commented:

"The successful completion of the CVA marks an important step towards Iconic Labs' financial stability. Now that the CVA is discharged, Iconic Labs has removed historic debts and is well positioned to progress with growth opportunities and focus on its strategic goals.

"We look forward to updating shareholders and the market on our further activity in due course."

Finally, can move on. Hopefully Brad all geared up now to start releasing proper RTO news..

Spread is tightening, should be a correction on the cards soon. They is nothing lost here, active discussions in play..

Yep this must be the case. This feels like a turning corner moment for TOM.

It’s interesting how some PIs were dismissing this and expressing bust or big discounted placing; however with placing at a significant 50% premium and consider in these dire markets, so wonder what they have to say now??

Highly likely this is related to progress being made on Exclusivity Agreement as they’ve eluded do the interview

BoD appear confident backed by premium placing of ~50%, in todays market any raise at premium should be seen as very positive…

The Company continues to pursue a number of routes, as set out in its announcement of 17 August 2023, to secure a potential funding package for Greenfield, that would, inter alia, enable Greenfield to ultimately exercise the Option and pursue its previously announced wider development plans. Such funding exercise is taking significantly longer than expected in the current challenging economic environment, but the Company remains in active discussions and the Board remains optimistic that an appropriate transaction can be successfully agreed in Q4 2023.

It may well be MMs been dropping to fill these orders?

There are few interested parties already talking, so must have approached comp before RNS meaning they are very interested. Remember MIRI not so long ago hit 0.9p with little hope, then came Microsoft deal 1p - 5p!

It’s funny how they dropped it to a few measly sells, big buys coming in…mates rates come to mind.

Trading around 4.5p just 24 hrs ago!

It just feels like market is waiting for bondholder dumps…nobody wants to hold at present.

MMs dropped to fill some big buy orders…bodes well for tomorrow should see a mark-up..

In that case you better stay out fella…and I would not waste time posting on here also.!

Now took their 5-10%….