Member Info for Theanalyzer

Chewy8uk if AZ had got shares returned then he would had to issue an updated holding RNS. He hasn’t.

The loan shares have long since been sold in my view.

Maidit

You have ignored the £20,000 debt conversion for over 689 million shares.

Maidit

I hope you realise that the share consolidation does nothing to alter the underlying business prospects which are very limited. It will permit Iconic to issue billions more shares though.

Iconic will be issuing billions of shares or (millions if it is post consolidation) to pay off EGHOS, Ott and David Sefton company as set in the Prospectus.

The Prospectus said that Iconic could offer up to 180 billion new shares (equivalent to 18 million post consolidation) to quadruple the number of shares in issue and that is before any share issuances to implement an RTO.

Finally, the last time Iconic did an RTO it went from 2 billion to over 40 billion shares in under 20 years and ended up in administration.

Maidit

John Gunn was very positive when he undertook the RTO in July 2013, a decade ago.

He has a dream and your funding it.

EGHOS offload a load more shares.

Billions more to be sold though.

Lanks

It’s stated on page 49 of the Prospectus.

OTT get £50,000 a month for providing the Board of Directors.

Other costs will be associated with listing fees, audit fees and financial adviser fees.

The Prospectus cost over £100,000 to get published.

STFCsam

Given Iconic is burning a £100,000 a month in expenses why would a share consolidation make it stabilise and become profitable?

Clueless

Sweepie

The loan repayment was a current liability and has been paid from proceeds of recent U.K. tax claims or T03 warrant.

Wyld had net cashflow from operating activities last quarter of Krona 10.4 million on external sales of 360,000

Its still some way away from being cash generative.

Maidit308

The tiny share trades are probably traders on zero commission platforms.

If they hold less than 10,000 on conversion they will get wiped out.

If you hold 19,999 share you will get 1 new share and the remaining 9,999 old shares, now being 0.9999% of a share will be added to other fractional interests and then sold for benefit of the company.

Oops wrong Board

Apologies Dr Micho

Dr Micro

The interims to 31 December 2022 have already been published. Iconic has a 30 June year end.

Post balance sheet events and the current financial position are set out in the Prospectus.

You post like an under researched ramper.

Sharebel

Tern has only 5.7% of its 389 million shares in issue not in public hands according to its AIM rule 26 disclosures on its website hardly what I call a tiny free float.

Maid308

67 million in share buys isn’t much when issued share capital is 46 billion shortly to increase to over 230 billion is it.

So Iconic can now exit its CVA.

Quadruple it’s issued share capital and pay off most of its debts.

Once it’s done that it’s a relatively clean shell burning a £100,000 a month.

It’s need an RTO to survive but it will need to get through most of the share issues before it can get someone to accepts its shares in deal so they have a clear idea of what they are getting.

A key reason for the consolidation in my opinion is because companies can’t issue share below nominal value. Iconic was trading above the nominal price but it was getting closer and still has a lot of convertible debt to turn into shares and sell.

Nobody’s

You comment is valid about reducing cash tied up in inventory but it doesn’t address Goodlife’s comment about SYME customers saving money by using SYME does it.

Wesley

If you’re a fan of Space X link up why would you not buy Wyld shares directly and get 100% exposure as opposed to around 27% exposure by buying Tern?

Incidentally Wyld share are down this morning so buying Tern to get Wyld exposure when Tern is trading at a massive multiple to fair value of investee companies isn’t that smart.

Wyld shares are down almost 6% this morning.

Goodlife

I hope you realise that the lenders to inventory stock companies will also be charging interest on the funds they advance to buy the stock that they acquire?

Plus there are upfront fees payable to SYME.

So unless funders of SYME want to charge much lower rates of interest and why would they, what are the substantial savings you expect companies to make?

Fsmith

Institutional investors in Iconic - what a joker.

Iconic remains in a company voluntary arrangement and needs to issue a Prospectus to exit that arrangement.

It has no business.

It has net liabilities of £3.4 million as at 31 December 2022.

It has a lot of convertible debt on its balance sheet which will result in future shares issues and share sales.

There are much cleaner corporate shells out there awaiting an RTO.

S Morris

The more interesting point from a dilution perspective is that TTT still holds a further £240,000 of loan notes convertible into a further 2.4 million shares.