Member Info for Theanalyzer

The CEO borrows Money from a company secured on shares in SYME with loan on a non recourse basis. Option 1 The lender sells those shares even though CEO says shares could multi bag to a billion valuation leave lender financial exposed if CEO pays off loans and requests shares to be returned. . Option 2 CEO never Intends to repays non recourse loan and lender has recovered money lent through share sale. Net result CEO has sold shares. I think option 2 is more credible interpretation.

The March Prospectus states that maximum number of ordinary new shares that could be issued was over 30 billion new shares or a 98% dilution to shareholders prior to the Prospectus approval. There won’t be a shortage of confetti at Iconic.

I think that they will easily utilise remainder of £2 million EGHOS tranche in 2020 and then start drawing on final £3 million of EGHOS. Until they show growth in revenue, reduce cash burn and eliminate net liabilities it won’t be easy or cheap to raise conventional equity or debt.

Perhaps they will do a share consolidation later in the year perhaps to reset price and share count to more sensible numbers.

Taff8 the published 31 March 2020 accounts ie after placing show cash of £1,824,000 and net assets of £778,000 so loads of goodwill already baked into current market cap.

Micky1 good luck.

I hope your research was more comprehensive than the Vox markets podcast on this company. The Director omitted to say when he banging on about his track record was that Unilad went bust and shareholders lost all their money and creditors also took a 20% haircut.

No questions asked by Justin on how will Iconic fund £1 million loan to Toxic Dave or any even remotely challenging questions.

Taff8 sadly you missed off the interest that supply at me has to borrow in order to finance the inventory so your figures of profit are laughably way off. This is pre placing ramp. Include large numbers to impress the ill informed to buy shares.

Newbie
Only buy to trade this share. The convertible loan means dilution will damage share price in short term.

Agropur had sales of over $7.3 billion last year so it is a business of some considerable scale and is the largest Dairy cooperative in Canada.

So first deal took 3 months from signing to product delivery and thus there was only 2 months sales in half year results.

I like the fact that Wellbiome is now being rolled out a new offering and buyers are happy to sign up to extended terms.

Starting to see profits at a divisional level as sales grow. This will reduce cash burn.

I suspect still loss making at plc level at present time but group keeps adding and extending deals so more sales should follow.

Growth rate falling as scale builds but almost 400% for first half. With strong margins extra sales will quickly turn this company into a profitable one.

Interim results due 30 Sept according to change of accounting date RNS.

Final audited accounts due shortly which should disclose any material post balance sheet events.

Woolworth you need a bit of patience to let results to show through.

This company continues to announce new and extended deals and we know From trading update that revenue growth in Q1 was strong so sit back and relax.

ThomasCromwell

Sales in Q1 2020 were up 900% on comparative period.

Numerous deal extensions mean that counter party is happy to extend deal and or product range.

Let’s see what happens over time...

Willy1946. EGHOS isn’t a strange organisation at all. It is an alternative lender that lends to quoted companies who can’t borrow from a conventional lender due to lack of assets or cash flows to repay loans. It does this through convertible loan notes. Riverfort and YA do the same and provide a way for AIM strugglers to continue to trade.

Applegarth your 24 million shares in Icon sounds impressive but is around £ 2,650 which hardly makes you the next Warren Buffett. LOL

Always winning

The new EGHOS facility was only launched with new Prospectus in March and they started in convert and sell in April. So they only been converting for around 3 months. As Iconic need cash to fund £1 million loan to Dave Sefton, I think conversion and sales will be stepped up and they will probably out For £2 million initial of loan by late autumn. The year results due in a few months should reveal a bit more about current state of affairs on revenue, expenses, cash burn and how legacy costs are settling out.

Bobcat 123
The rampers love their “golden tickets” shame is that EGHOS with over a billion golden tickets or 13% of company will be selling their entire holding.

Baraboy123 its EGHOS selling down you plank. They have already sold 5 billion plus shares April and they will keep converting and selling.

Applegarth care to explain how £1 million loan to Greencastle will be funded - yep billions more shares to be issued by EGHOS

Great only another 1.1 billion shares to shift to gullible investors ( before next conversion can take place) thinks EGHOS

Reddevs
The RNS said there were 17 bidders for assets of Joe Media so what ever was paid to the administrator was the fair value and the price will be known when administrators publish details of cash payments and receipts in due course.

Cyrox I doubt if you could get a short on Iconic. Market cap is so small and there is no institutional borrow available.
A short squeeze is very unlikely when you have a 20% shareholder is a known seller and will shortly convert billions more shares