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Over 1.5 mil in revenues
Recent raise of £747,793.
Additional funding secured.
Bod very capable of securing winning contracts with recent 750,000 contract for joe.
Happy to hold and see how this storm in a tea cup plays out.
*The bid
Redhammy where did you get £50k a month from?
. It should also be noted that during the last 20 months, the Board members and the Company's advisors have deferred substantial parts of their salaries and fees in order to invest in the growth of the Company.
Any more future contracts that add to the bottom line and happy days.
The bid seem very savvy/capable
December2020
Iconic labs today announces that in the course of providing its services through the management services agreement with JOE Media, it has secured a number of new contracts for JOE Media, for the production and distribution of bespoke social content. The contracts are with clients in a number of sectors including gambling, video games, online music streaming are in excess of £750,000 and have all commenced in Q4 2020.
strange times.
Didnt iconic fundraise/finance last November?
Placing fully subscribed.
· Placing of 6,231,610,203 Placing Shares at the Placing Price has raised gross proceeds of £747,793.
In addition, the Company is also announcing today that it has entered into a new more conventional debt facility (the "Facility") with Shard Merchant Capital Limited ("SMC"). The Facility is to be secured and is for an aggregate amount of up to £1 million, with an initial drawdown of £500,000 from SMC.
So surely have funds still or access to it
Also surely they can’t be to far from break even, profitability??
Surely They must be bringing in yearly revenues of 1.5-1.8m
The joe contract alone is 125,000 per month.
From other board- computercoders
“Lots are being coerced into selling and lots of derampers on LSE who never held are suddenly coming out of the woodwork and saying they sold. A big deramp attack going on here and it's likely to take advantage and buy cheap. A reckon this will be several multiplea of today's price soon. 2.9 mill mcap currently.”
Very strange all this, just as eghos make a claim OTT release a press article written from something taken out the winnifilth diaries??...even more strange OTT have only held shares for couple of months And complaining about share performance??
Fully back the board...although would like to see them purchase shares in iconic labs, would be a great statement
From today rns-
despite the allegations made by OTT Holdings in the Press Release, the Board remains resolute that it will seek to act in the best interests of its shareholders and stakeholders as a whole.