Member Info for OilNovice

JD - Market Capitalisation is calculated by multiplying the number of shares in a company by the value of one share. Different websites will print different MCAPs as they sometimes don't update metrics as often as they should.
Ergo, the only way to get the true MCAP of a company is to do the maths yourself.

For ICON, current approximate MCAP = 1,670,000,000 (total shares) x 0.00175 (value of one share in £) = £2.864m

SL - the printed MCAP on websites is sometimes not updated.
You are better off just doing your own maths.

SL - as per Q&A RNS

Following the issue of the 237,827,207 ordinary shares, the Company's issued share capital will consist of 1,637,129,905 ordinary shares with voting rights.

Hope this helps

MadChatter - there are 1,637,000,000 shares in issue and share price is currently 0.00175 (for now).
Ergo, the current MCAP is £2.864m.

Hope this helps

My guess is 2-3pm today. Similar time to last week's release...
Finger's croxxed.

Oh come on Themis. It’s barely 10 mins past 7am.
At least give it til lunch time before you condemn them all... haha.

Give it time StevenP. We are only 30 minutes (ish) into trading...
There may be a little drop today if no news, people may get twitchy...

We know there will be news this week, and it should be positive, so just hold tight.

I’ve not been this excited about a company since Cove Energy!!!!!! Hahaha.

This company is not on many people’s radars.
It has dropped significantly since Q1 when the new BoD arrived, and I think a lot of PIs sold out on the news of a new Financing Agreement.

We are probably only left with PIs nursing a sizeable paper loss and a handful of larger institutions (and Ahmed Aftab of course)!

ONLY IF the news this week is positive will we see renewed investment at a large scale - and a subsequent re-rate. I’m really looking forward to the operational update (and hopefully some BoD shareholding)...

Sujood - I would steer you to the RNS of last Friday. It will tell you everything you need to know.
Next RNS should be released this week - again, see the last RNS of Friday.

I’ve been looking at how best to value this startup. Considering its early stage of development, if I use the ‘Valuation by Stage’ mechanism it has a client base, management team, business plan and with the next RNS hopefully a pathway to profitability. Ergo, the value is £5m+.

Using the ‘Cost to Duplicate’ model, it would technically be the cost of the SocialAlchemist platform (time and cost) and existing ICON staff, plus the IP, client contacts and experience. I can only guess the value of circa £2-3m but that doesn’t include potential growth.

Another method is ‘Discounted Cash Flow’ but it would need an expert analyst to calculate value using this model. I’m no valuation expert.

The last is ‘Market Multiple’ which compares value to established businesses. The most similar would be UniLad or LadBible. So the £12m value in 3 years is not out of the question.

Hope this helps.

Looks like we have now got some positive momentum. More buys than sells. News expected this week that should be positive as well.

StevenP - I love the optimism. The momentum will hopefully continue all week. News on Friday am would be perfect. And could easily see a move into the 0.2s.
Ultimate news would be WDC dissolved with no creditor costs + clear progress with BD + new contracts + Director/PDMR Shareholding...

SL - sorry, what do you mean that I wasn't the only one?

This is an exciting prelude.
The sp could still rise significantly today. It shouldn't drift back down as there is no fund selling into the rise, as so many people keep saying.

Can't see anyone selling next week in anticipation of operational update, probably a steady rise up to RNS on Friday (?).

My worry is that (using the typical Oil & Gas scenario) everyone buys into anticipation and sells on the news...

Nitrokev - I'm sure you've done your due diligence on this company so you should have your own target (whether it be short or long term)??

SL - I'm pretty only one person posted that there would be 4bn shares. And there were several people that debunked that very quickly.

Am I right in thinking that the 238m shares for the Deed of Settlement have definitely been forward sold? The TR-1s suggest that this is true, but the other RNS says 20th August????

So... the big news will come next week, hopefully.
This is the kind of communication I would expect.

My big takeaway - they have been focusing on legacy issues, which are now sorted, and operational updates next week!

Sorry, I'm being a ****

:)))

Haha... gotta love the bb profanity auto-asterisk.
I presume Melissa's last name is Han****? Or is it Han****, Han****, Han**** or Han****.
Although, after looking for her profile online, it could also be Han****, Han****, Han****, or Han****?

:/

sp has just gone crazy...

Anyone have any idea WTF is happening?