RE: At least 200% by end of day....08 Jul 2020 08:25
JOE media is the largest independent digital media company in the Republic of Ireland and has been one of the fastest growing media companies in the UK since it launched in 2015. The brand is well known for its ‘House of Rugby’ series, the most-watched rugby show in the world, and generated over £10mln in revenue in 2019.
The RNS states what we have all been saying, get rid of the CLN death spiral and do a normal equity fundraise in the coming months. This may be good in terms of the death spiral but still means they need cash even after all of this funding so how much will they raise next time and at what price. Maybe then the management might finally buy in.
Iconic Labs anticipates this management services contract will contribute a significant amount of revenue to the Company and will enable Iconic Labs to become operationally profitable within three months