RE: This what buyers are buying.18 Sep 2020 23:57
To all holders/ buyers and would be buyers - my fellow partners in crime.
This is why ICON is going up and will continue as buyers load for more - todays placing was a chance to to get in on cheap shares - placing was not ideal but the company could not avoid it - for contractual reasons. At least it clears thier debt. Stupid arrangment which will be now be cancelled, as we had the second RNS - and they sold off 5b down here.
As announced on 10th.
1) New contract with multinational consumer goods company (this is fairy big on its own) - Iconic Labs Plc (LSE:ICON), a multidivisional new media and technology business, today announces that Iconic Labs has successfully completed a contract to produce research, data and insights for a multinational consumer goods company. This is an innovative type of consultation service for the Company that the Company will look to offer to a range of new clients going forward.
2) Separately, the Company continues to work under the management services agreement with JOE Media, and is currently fulfilling a contract to manage the production and distribution of bespoke social content through JOE Media in the UK. As previously announced on 5th August 2020, the contract value is expected to be in excess of £150,000.
3) Joe Medai UK - WIP growing pipeline here already - Additionally, the Company has made substantial early progress in re-focusing JOE Media's UK operations as well as increasing the sales pipeline for Q3 and Q4
4) Joe Media - Ireland (teh biggie) Going forward, the management services agreement will also extend to JOE Media's Irish operations following the expected completion of the acquisition of the JOE Media business in Ireland by Greencastle Capital, which is now due to occur in the very near future - we now have a date as per RNS today. Just pending Ireland holding period.
With ICON is now revenue generating business and with above they will become profitable by end of year. Watch the numbers role in. Item is multinational consumer goods company. £££.
Now the biggest risk is Joe Media Ireland not closing for takeover by Greencastle Capital. But we will see, and when it does close - i fully expect the pps to be around 0.1-0.2p hands down - thast my view and evidence is above. If you like it thumps up if no likey then move on somewhere else.
There is more solid information for holders and woudld be buyers to be happy about going forward. More later.
Getting alot of de-ramper/ negative attacks - which is good sign. As many don't understand whats going on. And why the pps is multi bagging - and forward sold 5b placing was bought at drop of hat (in 3 hours max). And these buyers will be hungary for more. For the reasons stated above. ICON was not revene generating before and now it is. And starting to get new contracts. A
well done to those still hold/ adding and buying new. Stay put. happy, bright days ahead.