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I called the people who wrote their prospectus.
It was supposed to be last year but they have put it on ice for the time being.
Nothing worse than tying money up in another of Tim's companies when they will have to raise here again.
Their cash burn is off the chart. Based on what they have spent thus far, they have 6 months tops.
and what every happened to that Incanthera money, as they now have no plans for an IPO and we don't have a deal with them?
Over a year ago a took a position here. I sold out earlier this year because they hadn't delivered a thing. All they have delivered this far is an acknowledgement that Lupuzor doesn't kill you.
All the things they were going to do, MAP, Incanthera etc etc etc They are no where near after 18 months since the the massive pump and dump. McCarthy talks about 'share holder value' - He's destroyed it by 98% in the last 2 years.
The problem they have is Zimmer to too dominant a shareholder so they have next to know commitment to other shareholders. This is reflected by Tim's and Dimitrious lamentable director holding level. Also, they don't have an office in London, they have a brass plate.
Yet another AIM blackhole and death spiral.
I used to get very annoyed with Nolupus but I have to admit now that they are right. This is a dog share.
Lisa Badroom , the IR girl has a bigger holding than Tim McCarthy the Chairman. Keep that in mind.
LuckCounts - Agree. But not at this price. You'll be sweating for months.
My broker told me not to buy about 130 and he's generally pretty good.
By my estimates and understanding of what is going on, we should be looking at close to £200-300k per MONTH in the short term.
All this to be announced shortly.
Buy time
I think we'll see something later today or tomorrow now.
A huge amount to report on that has been going on in the background.
You've been on LSE 3 weeks, so I would suggest that you haven't followed the story or this is another account.
Most liked and retweeted podcast they have ever had. Lot of focus on this now
https://twitter.com/VoxPodcast/status/1174680812027109376?s=20
TR-1's inbound no doubt.
Totally agree. The UK exchanges are a joke.
What's your twitter handle?
Odd your profile was started on almost the exact date the ************* Twitter account was created.
Just an observation.
One look at the volume action and you can see this is being held back.
This is knicker elastic now, going to rocket anytime soon.
John also said 'Looking for a slice of the equity' - To me this sounds the horn for director buys/options very soon.
Turning point indeed.
Big hi to all the bashers working for Shore Capital who have shown up here in the last couple of weeks.
At least you shorters will be happy.
Agree, this is all about the platform and niche user base not the company as a going concern.
People need to understand the Iconic Business model. It's all about selling into user populations.
Therefore GSN user network = Netflix LGBTQ content etc etc. This isn't about the guys running a gay news website.
A few people out there being deliberately disingenuous.
Angela and Reso. Clearly neither of you can f*king read.
RNS
'Iconic Labs has not acquired any costs or liabilities associated with GSN, which reported unaudited revenues in FY 2018 of over £500,000.'