RE: Better position than before!6 Jan 2023 20:19
yes GS'' I think we are already in profit LOL!!
if you look at this part of the statement
Unsecured creditors agreed to a 75% discount in their claims against the company, meanwhile, to be satisfied through the issue of 1,674,130,609 new shares if the CVA payment obligations could also be met.
Secured creditor claims brought against Iconic of around £4.2m were reduced to £0.75m, to be satisfied through the issue of convertible notes.
EHGOSF also reduced its claims against Iconic of £3m down to £0.75m, to be satisfied through the issue of convertible notes.
this is a massive win for BRAD, to have negotiate these kind of discount on our debt,
while we was still on our A--SS..
i have a feeling BRAD is rearing to go, and as RNS is coming thick and fast ATM,
I wouldn't be at all surprise, if the next RNS is the suspension will be lifted with a date
before the end of Jan.
but as always, we will see