Member Info for passiton

Would appear the dates for admissions going back fit with the previous amount drawn dates
so being forward sold by the numbers and dates

ignore this site buy/sell totals ALWAYS wrong labels added by a dumb machine
total volume since 29/5 is 1.258 Billion / 2 = 629M not all of which would have be EHG if half
buys and half sells many would have been traders on recent lows taking 10-20% but being
optimistic maybe 450-500M gone so still quite a bit to churn this week hopefully some news
lands to help them through and we can move up before the next conversion GLA

TR1 30/3 0 RNA 7/4 555M on or around 14th Apr
TR1 07/4 555M +555M
TR1 15/4 155M
TR1 16/4 0 RNA 21/4 555M on or around 28th Apr
TR1 17/4 555M +555M
TR1 29/4 520M
TR1 04/5 370M RNA 7th 500M on or around 14th May
TR1 04/5 870M +500M
TR1 05/5 720M
TR1 06/5 535M
TR1 13/5 190M RNA 19/5 800M on or around 28th May
TR1 14/5 990M +800M
TR1 14/5 470M RNA 2/6 500M on or around 13th June
TR1 29/5 970M +500M
TR1
TR1 What probability next issue around 13th???

I just hope for an imminent confirmation of an EPO announced in the Zimbabwe press by a Junior Minister
as a done deal after a meeting between our dubious ceo and the MoM a mere 8 months ago
Must be close LOL

295h TR1 still had 970M shares another 500M added today to hit market next week, in total 1.47 Billion shares
to shift before the next tranche, would suspect, aware of an upcoming event, having added more when already
holding nearly a billion shares
Have to , as usual wait and see , if the next news just a help the dump on its way or for e.g. that £1m+ contract
in negotiations (under NDA) finally becomes a reality with a household name attached or better still they arrive
with RNA's like buses and ICON breaks free of its rock bottom sentiment and market valuation. GLA

If ALL of those sells EHG which they will not be, still have a shed load to whittle away until
the next £50k or whatever is taken in the next tranche.

The death by 1000 cut's continues until that Carlsberg RNA arrives...…………...

so TR-1 up to the 29th
970.4M + new issue 500M so 1,470,400,000

minus what's been shifted Fri/Mon/Today

Fri 29th 244M volume
Mon 01st 691M
Tue 02nd 284M so far

total 1,219,000,000 /2 609.5M

So the RNA states the HIGHER of 90% of nominal or vwap during the applicable period
So what is the applicable period ???
list makes little sense to vwap which it should be or some serious typo's in the issue of
equity RNA's
Do they even know as based on the HIGHER of line in the original RNA below seems
to make ya think do they even know

07 Apr RNA Conversion £ 50K for 555,555,555 = 0.009p 90% Nominal? or 52wk low Apr 0.013
21 Apr RNA Conversion £ 50K for 555,555,555 = 0.009p 90% ditto
07 May RNA Conversion £100K for 500,000,000 = 0.020p 90% vwap 0.02+?
19 May RNA Conversion £ 80K for 800,000,000 = 0.01p nominal or wft happened to vwap
02 Jun RNA Conversion £50K for 500,000,000 = 0.01p ditto

notes can be converted at the HIGHER of 90 per cent. of the lowest closing volume weighted average price (VWAP) of the ordinary shares during the applicable period preceding the date they are to be converted and the nominal value of the ordinary shares.

and there by holds the current stalemate, unless they allow it to rise it wont it could quite easily
double and end the day flat at they dump and then convert the next tranche at similar or lower
that current price its not called death spiral finance for nothing.
Only if they can be talked into a more controlled exit by the company will we se any sort of even
steady small rises just look at ukog theirs has been going down for years on successful drilling
and increasing production
It will otherwise take a CARLSBERG RNA to break free and set a new basecamp much higher where
the conversions and dilution become less disruptive
Or as the BOD stated in RNA earlier this year a more conventional balance sheet in play and new II
shareholder has expressed an interest in funding once established (pay off EHG and move on)
the

seems like they are getting them much cheaper than either of those conversion rates
However
Do remember reading something in one of the RNA's about aggregate as each trance conversion
would also include various fees (paid in extra shares ? ) so the £50K is net to icon the gross £???

soz typo yes £330K

This in 30th March RNA so is this also included in the total £2m ??? if so makes £1.63m

Pursuant to the terms of the Deed of Issuance, the Investor agreed to provide finance to the Company, and to date, the Company has drawn down net monies amounting to £1,300,000 in aggregate under the Deed of Issuance

Not sure on the total as this was arranged to replace the previous arrangement so not sure if or how
much was already owed, the only further drawdowns on the RNA list since 7th Feb only total £320k

7th & 21 Apr £ 50K + £50k
7th & 19 May £100k + £80k
2nd Jun £ 50k

7th Feb RNA - Waiting in the wings once balance sheet improved.
In parallel, the board consulted with its advisers and has also certain institutional shareholders to canvass views on the best steps towards the stated capital aim while enabling the Company to continue to grow. While the institutional shareholders consulted indicated that they would consider participating in an equity offering once the balance sheet was more conventional, they held a consistent view that there was not appetite to successfully place equity before this has been achieved. This confirmed the view of the board that the move towards a clean balance sheet is the correct aim, but that it cannot be achieved in one step. Specifically, a placing or open offer to enable the Company to settle all existing amounts owed to the Investor and provide growth and working capital to the business is not possible at this time. However, on the basis of the consultations with the institutional shareholders, the board is confident that there will be interest in providing equity funding once the situation with the Investor has been resolved.

7th Feb RNA - NOMINAL V VWAP???
The principal terms of the new funding under the Financing and Settlement Agreement are that the Company will be entitled to draw down a base amount of £250,000 per month (subject to upwards and downwards adjustments primarily based on trading volumes), and each month convertible loan notes will be issued to the Investor which it will then be able to convert and sell prior to the next tranche. Each note issued has a duration of 12 months from the date of its issue. The notes can be freely transferred, will not be listed on any financial market and are capable of being converted into ordinary shares. Once issued, the notes can be converted at the higher of 90 per cent. of the lowest closing volume weighted average price (VWAP) of the ordinary shares during the applicable period preceding the date they are to be converted and the nominal value of the ordinary shares.

3rd March RNA
The majority of the shareholder deficit is the debt owed to European High Growth Opportunities Securitization Fund (EHGO) and further debts owed to professional advisors relating to 'one off' costs associated with dealing with legacy costs and the costs of the prospectus. The operational debts of the ICONIC business are less than £150,000 and include deferred salaries from the directors. The Company has fully budgeted for these amounts and still plans to draw down a total of £2m, the minimum possible under the new Financing and Settlement Agreement. When combined with increased revenues, this capital should enable the Company to meet its previously stated aim of resolving balance sheet concerns prior to the end of 2020.

https://polaris.brighterir.com/public/iconic_labs/news/rns/story/x2o74mr

52wk core market high $7.70 but tlsa hit $9.63 pre market the day London spiked to £1.6
back in March, so steady rises this week should see new 52wk and with a little news
blow the cobwebs off $10

soz BANG SLAM DUMP

as for the confetti as said before will just have to ride it out and see if they keep killing the momentum
or let it rise with a more controlled exit not the current NEWS BAND SLAM DUMP
or my prayers are answered with a huge near term revenue deal and they can negotiate a better deal
to sent EHG packing
all I can do is wait and see
had plenty of practice ukog gcm orcp all 10-12 years so have patience in spades lol

hoping by the time the dust settles the revenues will have risen to those levels and yes my faux pas
on the P/E I knew what I meant lol
Having said that its more a case of where the market ends up viewing it's value as the P/E listed for many
shares in the current crazy market have little in common with the realities of their various good, bad or
indifferent balance sheets but being Main Market this one should unlike many of my AIM casino shares

they defy any sense of financial logic many with high hopes and SP of hundreds of millions, others
with plant built and about to go into production like two of my Gold miners KEFI £15m GGP £344M

Kefi going into Gold production , GGP multiple large gold targets but the principal one is set to be
85% given away to the major paying for all the development and in all likelihood the majors will
snaffle high % of the rest as time goes by, for me both doing nicely but near term producer valued
20+ times less than a still long term prospector seem kinda out of balance

Hoping Kefi fly's to narrow that gap once in production lol

I'll have a chat with the ceo on Tuesday and nominate you City , as Rottweiler negotiator in chief
for when the sale process begins lol

City
think most of us would find it hard but could learn to live with your valuations lol