ICON buy, hold, add - facts speak for themselves2 Oct 2020 09:04
and on a fundemental level... very factual info.
1) Only massively undervalued because of the old funding scenario WHEN icon was just shell and did NOT have any confirmed business and not making any revenue whatsoever. Now....read point 2 carefully…
2) However, since April 2020 ICON is no longer a shell, has 2 major contracts and 3 money making websites up and running. And now about to manage a £10M y/y growth business which grew 113% in 2019 which has many large clients and resource. They can use these resources to do some damage in this lucrative tech space - and they have skills do it, as they already proven their ‘’know how’’ in this space at UNIlLAD – which was a huge success worldwide
Therefore, buyers are now starting to buy item 2) ‘the business’ above for the current price of item 1) ‘the shell’’ above.
Sky is the limit here. But let’s be realistic 0.05/0.1 on TR1 and pending Joe Media 100% takeover and 0.2p on confirmation of the takeover. Item 2 ‘the business’ will be in full action and end of year profit to be shown for ICON as all costs paid and revenue generation in progress since April 2020.
If SYME can 10-fold up from 0.05p on no rev and just concept (was always concept) then why can’t a tech start up like ICON now generating more revenue and about to become profitable and has more paid work than syme and vela put together, sure you know other examples too.
We know why it has been down and know why it is going up - so not selling a single share here. Buying and holding to enjoy the re-rate in the coming days /weeks. Now that we have the bogie man going out for good, can see 40 or so investors on average holding 100M shares each - and its 10 bagger. Huge opportunity - and remember Rome was not built in one day.
Buying a revenue generating start-up about to show profits for the price of shell – is a huge opportunity.