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‘whether there are any connected parties acting in concert’!
Can all agree there is a cohort on these boards working in concert continually posting negative deramping posts.
Good response from company happy to support the bod, sure they will continue to grow and build iconic labs.
Continued....
Joe media/ lovin media-
The JOE Media and Lovin Media businesses are now being run as one and together form the largest independent digital media company in Ireland. This will help create both revenue and cost synergies which the Company believes should increase revenues and profitability across all entities. As a result of this the fee that Iconic Labs receive on a monthly basis has been to £125,000 (£1.5m annually), together with the potential of receiving 25% of the profits.
JOE and HER media group and the subsequent entering into of a management service contract ("MSC") with the Company. The management fee payable for the provision of all management services to Greencastle Capital under a single combined MSC with the Company is now £125,000 a month, which over the course of a 12 month contract alone exceeds the amount of income that Iconic had generated in the financial year ended 30 June 2020.
The management team have worked very hard with the JOE team to run the business more efficiently, and JOE UK is now operationally profitable less than 4 months after the commencement of the provision of the management services under the MSC. This is particularly important, as in addition to the £125,000 a month fee payable to the Company under the MSC, the Company is also entitled to a 25% profit share of JOE Media. Since the management team have been providing their services under the MSC a number of high value contracts have been won on a regular basis, including most recently a series of recent advertising and branded content partnerships with revenues totalling more than £750,000. JOE Media is a business that has historically achieved more than £10 million in annual revenue and has seen previous revenue growth rates of over 100% a year. We are confident that with the experience and expertise that the management team provides under the MSC, JOE Media can increase its profits which in turn can become a significant source of revenue to the Company in the future.
Continued...
TLE-
in April 2020 announced it had entered a management contract with the london economic and now manages all commercial aspects of the TLE brand and is also involved in assisting the TLE team in their general day to day management of the business. In consideration, Iconic receives a monthly retainer fee, and in addition will be entitled to an amount equal to 25% of TLE's profits. The contract is for an initial period of one year, following which it renews automatically every 12 months until terminated by both parties.
Glimpse protocol-
In sept 2020Iconic Labs announced that after a successful trial Iconic Labs has signed a commercial partnership agreement with Glimpse Protocol, a leading provider of advanced technologies to Ad-tech.
This partnership will allow Iconic Labs to be well positioned to become industry leaders in the cookieless advertising space and future proof this part of the Company's business. Glimpse Protocol will benefit from Iconic Labs advertising experience and access to muultiple platforms, including to trial their technology. In addition to the operational benefits that it provides, it has been agreed that warrants will be issued to Iconic Labs in recognition of their market access and wider advisory support. The warrants entitle Iconic Labs to subscribe for such number of ordinary shares in the capital of Glimpse Protocol, which shall be equal to 1.25% of its issued equity and which are exercisable at a discount to the subscription price payable for ordinary shares on any future sale or capital raise undertaken by Glimpse Protocol.
Putting the share dilution and finance aside over the last year iconic labs have been transforming and expanding their digital space,
GSN-
its acquisition of GSN for £33,000 in September 2019 is part of the Company's strategy to build critical mass and in particular expand its proprietary targeted distribution channels that can be utilised under the Iconic Labs brand offering. GSN generated over £500,000 in revenue the previous year which the Iconic team believes they can significantly improve on through their experience and application of their expertise in the new media space. GSN attracts over one million people each month and over 800,000 followers on facbook. Through GSN, to create and distribute bespoke content to support the client's campaigns Iconic labs announced
In feb 2020 that it has signed a content and marketing agreement with a UK based wealth management business.
Again in feb 2020 announced that it has signed a content and marketing agreement with a major international airline. In March 2020 announced that it has signed a content and marketing agreement with one of the leading sports and entertainment presenters in the world.
June 2020 announced has signed a content and marketing agreement with a UK based fresh produce brand.
consulting and marketing services agreement-
in jan 2020 iconic announced consulting and marketing services agreement with a UK based online wellness platform. Under the terms of the Agreement, Iconic will deliver an initial six week campaign with the client having an option to extend it to 12 months. Work commences immediately and Iconic will be consulting with the client to create and distribute advertising content aimed at the 'on-demand Yoga and Pilates' market, which is worth over £800m in the UK alone. For commercial reasons, the value of this Agreement has not been disclosed.
Joint venture-
in jan 2020 Iconic Labs announced that it has created a 50/50 joint venture marketing services company with Bacchus Creative Entertainment to utilise the industry leading expertise of the Iconic Labs team in understanding social media, digital content production and access to media platforms like GSN to assist clients of Bacchus. The Iconic Labs team will also utilise the expertise and contacts of the Bacchus team in creating music, managing events and procuring celebrity talent for potential clients of Iconic Labs.
Infotagion: cobid19-
in March 2020 announced that, in partnership with Damian Collins MP, former Chair of the Digital, Culture, Media and Sport select committee, who also led the inquiries on disinformation and fake news, it has established 'Infotagion: Covid-19'. Infotagion: Covid-19 is an independent online and social media expert fact checking service to combat disinformation about the Covid-19 pandemic and its related economic and social effects, that are spreading through social media.
This service is being provided on a not for profit basis.
Is it not right in saying that the current board are what makes up iconic labs they are the media savvy team that have built iconic labs, won the current contracts~agreements...for example oust them and would lose joe media contract? so seems very counter productive for shareholders to oust them? Any thoughts?
Agree though that share dilution can’t carry on like it has, their salaries and that none have purchased shares is questionable?
I’m Only invested in iconic labs nothing more.
Crikey their are some paranoid desperate poster out there!? All my time in shares never seen a cohort of posters so desperate to deramp??
Will Ask again what is your agenda here reso? Your not invested yet continually post negativity!
Reso the self proclaimed share prophet consistently posting negatively on a share not it invested in!? Notice how whenever something positive/constructive is posted reso or one of his alter aliases pops up to disrupt the board.
Come on be honest reso What is your agenda?
Lol reso your a self proclaimed share prophet arent you? and have called this share right all the way?? Surely you do not need any insight from other investors.
Best advice to anyone do your own research.
Reso Correct happy with research and thus have invested happy with the potential and think these lows are a bargain.
Shame that you see anyone who has a positive view
In the company they’ve invested as a ramper.
What I find disgraceful is those who post day after day about a company they not invested in?
Reso are you invested in iconic labs?
Reso- “so much shi5e is talked... with about 20 months worth of commentary”!?
Can’t believe you’ve spent 20 months of your life following/ talking shi5e on a share your not invested in? Hahaha
Was the 10p a share worth it? Lol
Can’t believe there is so many complete utter dimwitted fools out there who have such a vested interest in a company they are not invested in!?!?
Or even more dimwitted are those that stay invested in a company they have no belief in and hold so much disdain for!?!?
The mind boggles.