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It's on occasions like this that I have to chuckle to myself. More than twice as many recorded sells as buys, but the 'SP' closes up 19% +. When it's vice versa, the boards are out calling MM's crooks and much worse. Why not yesterday then?
Some choose not to understand the workings of the market, others never will ( it's always the fault of someone else when their gamble goes wrong). Lol
Triggerboy,
" I just can’t believe they don’t let the SP go up before they keep dumping."
The obvious answer is ( in layman's terms ), they don't have that luxury available to them ( they make enough doing what they do). If they held on, they wouldn't be able to finance the next tranche... and the next and so on and so forth without having to make a takeover bid, as their voting rights would exceed the 30% threshold forcing them to make a cash bid for your shares.
The BoD need £50K+ per month just to pay their extortionate salaries.
Until they can generate costs alone, they should be working for a fraction of what they draw. But it's not their money is it... they neither own the company nor are they prepared to invest their own cash at these lowly levels. Does that not ring any alarm bells?
Whilst PI's keep taking what EHGOSF are dumping on the market, the 'death spiral' financing will continue and the PI's holding subsequently diluted.
FSA15,
Although listed on the main market, this is one of the typical stocks you would see on the 'AIM' market, funded by 'death' spiral financing, in this case EHGOSF. While they remain the source of funding ( in the current set up ), ICON remains non investable. Albeit, tradeable ( if you're very careful with entry and exit strategy ).
Ask yourself... why haven't the BoD 'invested' at these lowly levels?
I hope this answers your questions... I'm neither 'invested' nor expecting miracles. I prefer to be logical and use common sense. I won't be blinded by the 'rose coloured spec's brigade'.
FSA15,
"Never once (apart from the now infamous £1m contract), have the company released numbers for income. Bloody frustrating."
… they have done, 'once' in the interims:-
RNS Number : 3147I
Iconic Labs PLC
31 March 2020
Iconic Labs Plc ("Iconic Labs" or the "Company")
INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2019
"Building the business through organic growth of revenue contracts continues to be a focus of the business. The Group developed the new corporate website of the company and launched it in November. Investing in essential developments such as the website and sales materials are all direct investments in future revenues. While understandably small revenue of £2,500 was recognised in this period, of greater significance is that work commenced on developing a pipeline that is already starting to result in contracts and partnerships."
Monkfish457,
"Are they planning to hold the Slovenian Goverment to ransom over an export pipe to Croatia? Its the only reason I can see that would be worth making this purchase."
Looks like you're not in the loop. This is the conclusion of a long standing deal.
_________________________________________________________________
Wed, 24th Aug 2016 07:00
RNS Number : 9614H
Ascent Resources PLC
24 August 2016
Ascent Resources plc
("Ascent" or the "Company")
Completion of the Sale and Purchase agreement
Ascent Resources plc (AIM: AST), European oil and gas exploration and production company confirms that it has carried out the necessary procedures at the office of the public notary in Ljubljana to complete the purchase of Trameta doo, detailed in the Company's announcement of 1 August 2016.
Completion of the acquisition will allow the Company to move ahead with the work program to recertify the export production pipeline through which Joint Venture gas production will be sold. First gas is expected in early 2017.
Commenting on today's announcement, Colin Hutchinson, CEO, Ascent said:
"I am pleased that the Trameta purchase has been completed without delay. We can now begin to execute the short work program required to commence the production test at Petišovci and I look forward to updating shareholders as we progress towards first gas".
____________________________________________________________
Bluedreamer,
"Didn't Colin buy this pip years ago are these shares just part of the deal. Also if we quit here are we going to charge Geo £50mill for them to buy it off us."
Point 1 (re: pipeline), correct!
With the exploitation licence getting very close to it's end, your second point … well what do you honestly think?
retrosec,
It would appear we have another of the ilk of 'TPT'... seems happy enough to fill her boots.
At least with Stefania we definitely know she's paid to promote (hence easily dismissed).
The difference, TPT was always in denial of being an insider. I'm not the only one who was pretty confident she was 'CH's' office girl.
But remember, this is the 'dawning' of a new era. Another Cuban revolution in the making.
If you cannot conquer a tiny European country... what the hell, take on a South American dictatorship.
Plantpots… I've just filled mine with herbs for the summer season.
Gary, definitely a she... unfortunately had recommends coming out of her ears for complete garbage that was never relevant to AST. Any negativity or opposition was reported to LSE by the misinformed stalwarts led by the genuinely blinded (IMO) ex ( Falklands) helicopter pilot. One of your fellow country men.
Reported and suspended several times myself for defending my belief. None the less, I didn't give a tinker's damn.
Best of all, it remained a tradeable share ( for those who could see beyond the £200 million in a well with no rope). Lol
I believe it's rendition time again:-
https://www.youtube.com/watch?v=WTslB59lnzU
https://www.youtube.com/watch?v=JT2Vx9jSyjg
.. talking of which:
Taken from RNS Number : 4686J
Ascent Resources PLC
14 April 2020 7:00AM
"Issue of Equity
The Company, consistent with its policy to preserve its cash balances, has issued 623,777 new ordinary shares of 0.5 pence at a price of 3.5 pence per share to a previously contracted professional advisor in lieu of fees (the "Adviser Shares").
Application for admission to trading on AIM for the 623,777 Adviser Shares has been made and admission is expected to take place on 20 April 2020. The Adviser Shares will rank pari passu with the existing ordinary shares in issue."
___________________________________________________
I'd put my money that this is in reference to 'CH' (opting not to name him for obvious reasons).
Maybe 'Come on Eileen' or 'TPT' could confirm though. I wouldn't put this in the realm of price sensitive material... so come on girls. See if you can give us some facts for once!
… and here's the other confirming Andrew Dennan as the new CEO:-
https://uk.advfn.com/stock-market/london/ascent-resources-AST/share-news/Ascent-Resources-PLC-Cuba-new-market-entry-and-Boa/82218206
... here's one of them 'Kenj'
https://www.investegate.co.uk/ascent-resources-plc--ast-/rns/slovenian-litigation-funding-update/202004140700094689J/
TPT, should it not have been RNS'd?
But as you're on first name terms, maybe you could have phoned or e-mailed for confirmation.
But that of course wouldn't be like you... would it? After all, you're just a long suffering investor.
https://www.youtube.com/watch?v=WTslB59lnzU
Maybe you'd prefer some steel drums... or:-
https://www.youtube.com/watch?v=TIWoUmqLGjw