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Looking good, might get an RNS tomorrow.
https://www.gov.uk/government/publications/business-and-property-courts-rolls-building-cause-list/business-and-property-courts-of-england-and-wales-cause-list#insolvency--companies-court-list-chancery-division
GLA
I believe we will know first thing in the morning, if the hearing is listed then it's bad news, if not it's good news as the Creditors would have agreed the schedule so no need for the hearing. Just my guess.
The way I see this it's good news, if the Administrators had no hope in rescuing the company then we would have found out yesterday. It's all down to the creditors, unless someone know the offer, which I believe to be fair. pot guess pence in the pound now, and pence in the pound in 6 months to a year or nothing at all if bust. If I was a creditor I would take the offer. It's all a guessing game right now unless someone know the offer and is willing to share.
My only comment is look at today,s listing in the court, to see if it went ahead or not
https://www.gov.uk/government/publications/business-and-property-courts-rolls-building-cause-list/business-and-property-courts-of-england-and-wales-cause-list#insolvency--companies-court-list-chancery-division
Glad I sold when I did, holding onto the funds to buy back in when the time is right, should buy me a few shares with a 5K injection, sorry to say I just hope it drops more in the mean time before all the news hits then I can take a flight into space.
https://find-and-update.company-information.service.gov.uk/company/03936915/filing-history
Been in ans out of this share for over a year, for now I am out, just seems this share is not going any where soon, based on cash needs now, the annual accounts will not be the good news everybody is looking for my guess share price will drop further. I will come back in once we know for sure this is going to grow just like everybody is wishing for. GLA
Any company under administration still have a working bank account, any payments due to the business can still be made, any payments due from the business are made from the administrator. It's not until the the administrator puts the company into liquidation will payment not be made, but can still collect fees due until the liquidator calls the final papers
Appointment of Administrators
In the High Court of Justice
Business & Property Courts of England and Wales Court Number: CR-2021-000991
ICONIC LABS PLC
(Company Number 10197256)
Nature of Business: Media technology
Previous Name of Company: Widecells Group PLC
Registered office: 7 Bell Yard, London, WC2A 2JR
Principal trading address: 7 Bell Yard, London, WC2A 2JR
Date of Appointment: 4 June 2021
Names and Address of Administrators: William Antony Batty (IP No. 8111) and Hugh Francis Jesseman (IP No. 9480) both of Antony Batty & Company LLP, 3 Field Court, Gray’s Inn, London, WC1R 5EF
For further details contact: The Joint Administrators, Tel: 020 7831 1234, Fax: 020 7404 2727. Alternative contact: Sheniz Bayram, Email: sheniz@antonybatty,com
Ag FH30415
He lasted a long time https://find-and-update.company-information.service.gov.uk/company/10197256/filing-history
11 days