I'd have faith if they had a single contract, and weren't using alpha blue and ehgo to profit sefton and sefton alone without more share dilution and more warrants. Which will be convertible in 6months tops. Ehgo can't sell below 70mil but that's irrelevant when they're given 230mil every few months
I told you so. but I told you so. RNs saying 237mil shares to ehgof then another saying they've sold out like a sinking ship in a flood 10mins later. Then a useless qna RNs that says nothing about news or contracts, more funding for ehgof and none of the BoD own any shares. When the share holder ledger finally lands I expect some suspect names. Back to 0.13 for now.
I don't want to see it fall. Yes I'm glad I manage to make a profit after nursing a huge paper loss for years. But I've watched this stock long enough to recognise it's patterns. I don't think it'll crash. And for all holders, I still think you'll come good in 6 months, sooner if case is thrown out. Back to £1.30 in days. But without any news, and stock markets being what they are, and a global recession looming, this SP will more than likely be back to its support levels soon. My guess would be 61 again.
I've learnt that large buys, and sells, bear very little relation to anything. There's often been large out of hours trades on stocks and makes no difference or opposite pattern in follow days trend. It's mostly just II and MMs moving shares about.
And once again indv suffers from the notion that no news is bad news. Sliding for no reason. Back to the 40s before rebounding again to high 50s. That's it's pattern now until someone settles the case or there is news.
RE: RE: Sega talk Ref 3m contract14 Aug 2019 14:19
1p gives ICON an MCAP of around £16million (assuming 1.64billion shares). I think a single SEGA contract, even if £3mil would be a stretch to get that m cap. MCAP of £5mil in a few months with a few contracts maybe, so SP around .40p.