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My opinion is that the potential share dilution from the £1.375m new Financing Agreement has already been factored into the share price. The drop has been so severe and % wise more than covers the dilutionary impact...

Just looking back at the RNS of preliminary results, they state that there is a £400k of legacy debts still to pay (payment plans in place already), which i presume are part of the £600k legacy debts. The RNS does not mention the potential £400k payable to creditors which would suggest this has been sorted and ICON/WDC will not be paying???!! Good news, right?

All in all, my opinion is that we are near the bottom. This is indeed the turning point. The only negative news now would be the company dissolving...
Which means (to me) that only good news can come.

To quote Warren Buffett "Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble"

For the sole reason that Share Prophets are now talking negatively about ICON, I believe this will now turn upwards, significantly. Because Share Prophets are ALWAYS wrong!! Haha...

That's the only bit of good news for a long time...

Has anyone posted any questions to be answered in this month’s Q&A RNS??
That’s assuming they release one... sigh.

They did answer some of my questions within the Q&A RNS. Almost word for word of what I submitted through the IR website form.

But let's put this into perspective, and I'm not trying to defend them, but they are a team of less than 10 people, most of them senior directors, who have been focused on legacy issues, now BD and sales (and probably have other jobs). Any resource they have spare is probably doing marketing or supporting the leadership team.

Also, they have stated that employees are foregoing salary, and looking to share in the business' future success...
My guess is that answering questions from shareholders (whether relevant or irrelevant) is not a priority.

Not great for shareholder communications, but you must look at this from the ICON business perspective - they are not going to bring in a person or waste a person's time on answering questions / taking calls etc. if it doesn't add value to the business. It's the harsh reality. And I'd rather they dedicate all their time to BD and generating profit!

Rant over... sorry...

Jdcarling - just post it on bb. Let everyone have a look at your share tip?!

Also, in my opinion, the BoD will issue shares for the £1.3m Financing Agreement in place.
If you guys are talking about additional financing, then yes I agree that would cause this sp to drop again. My floor is at 0.10p which keeps being tested.

We need a good Q&A RNS ideally.

Should be today.
I've sent in some questions, let's see if they listen and answer all Qs or just the ones they want to...

It hasn’t been ‘left to dangle’... come on...
This is a start up which had legacy issues and is only now beginning to move forward. You cannot expect weekly news releases and loads of PR / IR.
it’s not gonna happen. They don’t have the resource or need.

In time there will be news. In time the market will value ICON fairly. You have to be patient.

To be fair to them, they have achieved a lot so far in my opinion and the sp will reflect the hard work in due course.

Jarv - I suggest you look at people’s previous comments before you jump to conclusions.
I have been here since start of year. My average is high and I want to get the sp up.

Why is your immediate thought that I am a ‘Deramper’?!

Can people on this bb not have a reasoned discussion!????

Haven’t commented for a while. Just been sitting waiting.
People keep saying the drop is overdone and there was no substance to warrant such a big drop... I disagree - there was a c.66% dilution announced! The drop is clearly due to that.

BUT (now the positive bit) the dilution is factored in. I truly believe in my opinion that there is very little downside to this share. And with the right news it can move, a lot.

The only possible downside (that we are aware of) would be if we had to pay the creditors the £400k. But the BoD are confident this is not going to be the case.

I am very positive with this company now.
Skittish - thanks to you for your digging and research. It is a breath of fresh air in this forum.

GLA

My last observation on the chart...
I believe we are entering 'node territory' - the converging point; heaven/hell cross as I like to call it.

Looks like this and next week is action time on the chart - could be up or down. DYOR.

I see the RNS as positive. New stake in company. Expanding reach and followers etc... Focus on youngsters and students.
BUT, the best news for me is that they have not issued shares and have gone down the traditional route of a loan. Which means no dilution for us.

Market seems mixed on this news...

The sp keeps testing 0.10p.
So far it hasn't broken it, yet.
From a chartist perspective, we are converging very quickly to a node - which could produce a very large movement in either direction. My take is that we have created a floor at 0.10p, and if this does not break before we converge, the move should be upwards, hard...

Only time will tell... All IMHO

RB - the acquisition should only be seen, in my opinion, as access to more followers and access to potential new client base (the reference to £500k p/a of previous contracts).

You can't assume anything about the financial performance of GSN - all they stated was a revenue figure of £500k - this does not mention profit, could be negative cashflow...

reso - that excerpt relates to the new Financing Agreement that will only come into effect IF shareholders approve it AND after they have produced a prospectus.
My opinion is it will be executed. Some think otherwise. BUT, this means there is no guarantee of further dilution.
Also, I believe this news has already been factored into the sp.

GSN is an interesting 'acquisition'... it seems there is no cost to the acquisition and GSN have no liabilities to be transferred to ICONIC. This is good news.
Looks like this is an acquisition of a 'brand' and fanbase, and potential to garner previous contracts (up to £500k p/a).

No tangible negative OR positive news here.

But, the positive takeaway for me is that the company seem to have a strategy for M&A, that includes highly relevant content, namely LGBTI, aimed at millennials and wide audiences.
I wouldn't be surprised if we see acquisitions in companies that focus on climate change, technology/APPS, social value, sustainability etc.

It seems we are getting a picture of the type of audience Iconic want to attract.

costapi - exciting times ahead. I'm positive as well.
I must say, I believe they will almost certainly take the full £1.3m financing (if approved by s/h). I too hope that this will be the final financing and that the BoD start to take a stake in the company post-financing.
I just can't see the existing contracts (or potential near future contracts) being able to cover the HMRC monies owed by WDC and OPEX, as well as the acquisition of SocialAlchemist.

BUT, I do believe the impact on the sp of the Financing will be limited. I think the August drop showed that the market has absorbed the dilution news.

As long as they can stave off the £400k creditors that is not factored into the financing I don't see the sp going below the lows we have already seen.

As I say, I'm positive about ICON and can see huge potential. We just need some cashflow!

SL - but a (decent) broker target is based on insight and prudent calculations, and an expert balancing the businesses performance / potential / risks etc... Not the same as someone randomly posting an arbitrary target with no substantiation.

I am sure you're £15m MCAP is based on your own research and insights, which is fine, and I truly hope the sp gets there.
My frustration is aimed more at the 'amateurs' you refer to - people who just spout a nonsensical target in a unfounded time frame.

ps. I'm a dinosaur and don't use social media. I did have a MySpace account though...

It's okay to state figures and forecasts on these boards as long as they are backed up with analysis or some kind of calculation as to how you arrive at them...

I have posted several times with where I see the sp going i.e. what I believe the outcome of dilution may be when they convert loan notes; or trying to ascertain the value of this start-up using widely understood mechanisms.

But I must agree with Rhino, there is little to no value in posting random sp targets based on nothing but your best guess... And I'm not trying to be provocative or singling anyone out, but I do get frustrated when people post "this is going to be in the 0.50s next week..." with no evidence or substantiation.

I hope nobody is offended by this comment :///.

ihavenoclue - I believe they are taking a risk as they are not getting paid cash (although we don't know the details of the share incentive - there may be a 'lock-in' period for example).
Personally, I would think twice about working for a start-up if I was not getting a salary and may not have access to liquidity... Ergo, I see this as a commitment to the company.

The first Q&A RNS stated that the BoD were foregoing / taking shares instead of a salary, right?
Surely this is an indication that the BoD are not just 'using this as a shell' and have skin in the game - committed to making this a success...
IF they are full time employees of ICONIC and aren't taking full salary, they are taking a risk and would be putting time and energy into making this a success??!