17 days ago
Brad Taylor, the Chief Executive Officer of Iconic (ICON) has announced a change of Board of Directors with 3 former Directors leaving and 2 new ones joining. He also announced a change of strategy as follows:
44 days ago
Since I last wrote about Iconic (ICON) it has had a further two convertible loan note conversions, one from Toxic Dave Sefton’s Linton Capital and one from European High Growth Opportunities Securitization Fund. Iconic now has 10.3 million shares in issue up from 4.7 million that remained after its 10,000 for 1 share consolidation on 25 August 2023.
258 days ago
Yesterday Iconic (ICON) announced that it had issued its long-awaited Prospectus which resulted in a 40% spike in its share price as punters piled. The Prospectus was not instantly available but now that it is Iconic share price has already dropped back 18% at the time of writing this article.
264 days ago
Since I wrote about Iconic (ICON) on 1 April 2023 discussing its interim results for the six months ended 31 December 2022 “Iconic Labs – an insolvent shell company needing to get an FCA approved Prospectus published and to issue bucket loads more confetti to survive” not much has changed. In fact….
380 days ago
Shareprophets repeatedly warned that Iconic (ICON) was a dog that should be avoided prior to it achieving its relisting. As ever the Bulletin Board Morons knew better and there was an Artificial Intelligence RTO due imminently which would see them make money.
393 days ago
In today’s RNS Iconic (ICON) announced that it had received a “Conversion Notice was dated 27 March 2023 and provides for 50 Convertible Notes to be converted into 1,315,789,473 ordinary shares of £0.00001 (“Ordinary Shares”) in the Company at a conversion price of £0.000038 at the aggregate principal amount of £50,000.” With the issuance of another 1,315,789,473 new shares, the Company’s issued ordinary share capital is now 43,106,916,660 shares. Yes that is more than 43 billion shares in issue.
410 days ago
On the LSE Asylum, the Bulletin Board Morons are frothing with excitement about a potential reverse takeover of Iconic (ICON) involving Livento Group. Given that Iconic has no effective business any acquisition is likely to be a reverse takeover as indicated by Iconic in the RNS of 2 February 2023 below:
440 days ago
Today EHGOSF announced its fourth conversion under its the £3 million facility to Iconic Labs (ICON):
447 days ago
There are already 39.664 billion shares in issue for Iconic Labs (ICON) a company with a past of disgrace and no business. Today it spelt out in part just how much more confetti will hit the market. Still the morons can’t do the maths.
447 days ago
In today’s RNS Iconic Labs (ICON) announced two conversions from European High Growth Opportunities Securitization Fund (“EHGOSF”) as follows:
450 days ago
At midday today Iconic Labs (ICON) was restored to a Standard listing after its suspension on 7 June 2021.
460 days ago
On 3 January 2023 Iconic (ICON) published its accounts for the year ended 30 June 2022. It showed a loss of £762,107 and the balance sheet now shows £1 of intangible asset and £5 of cash with a deficit on shareholders’ funds of £8,938,520. EHGOF financing fees in the period were £585,000. On 6 January Iconic issued a corporate update which summarised the position which is unless the Financial Conduct Authority lifts the suspension on the company it won’t receive any more cash and will return to administration and the shareholders will get nothing.
471 days ago
Iconic (ICON) published its results for the year ended 30 June 2021 which showed a loss of £7,697,306. The balance sheet showed gross assets of only £154,056 and a deficit in shareholders’ funds of £8,176,413. The results are primarily for the period before Iconic went into administration on 4 June 2021.
495 days ago
At Companies House, Iconic’s (ICON) status is now “Voluntary Arrangement” and the administrators filed their final report on 8 November 2022. So Iconic its back under the control of its directors.
541 days ago
Iconic (ICON) is looking to be the corporate equivalent of Lazarus. Administrators were appointed on 4 June 2021 and its shares were suspended on 7 June 2021 but incredibly there are now signs of life. At 4.50 pm on 1 November 2022, Iconic issued the following text in a RNS titled “EHGOSF Subscribes to a £150,000 Second Tranche Under £3 Million Financing Facility”:
582 days ago
The administrators have now published on the Iconic website the details of the proposed Creditors Voluntary Arrangement HERE.l. Iconic (ICON) has also published a notice of a general meeting HERE to approve the proposal of the CVA together with resolutions to implement the CVA and reconstruction. Iconic is Lazarus
612 days ago
I haven’t written about Iconic (ICON) since 10 January 2022 when I wrote “Still on life support, toxic Dave Sefton will, shockingly, get away with everything”. Well, based on the following statement published by the Administrators yesterday that appears to be the case:
834 days ago
Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital.
880 days ago
Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital.
886 days ago
Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of joint administrators by Toxic Dave Sefton on 4 June 2021 via his company Arch Capital Partners LLP which purchased debts and claims from Shard Capital.
914 days ago
Iconic (ICON) shares have been suspended since 7 June 2021 due to the appointment of administrators by Toxic Dave Sefton on 4 June 2021. The joint administrators have tried to hold a general meeting four times but each they have been adjourned with the latest adjournment being until 19 October 2021. There has been no announcement since that date.
972 days ago
Has toxic David Sefton pulled off a £1 million heist at Iconic (ICON) which will see investors utterly screwed. After an RNS yesterday, I fear the worst.
984 days ago
Iconic (ICON) has had administrators appointed to it since 4 June at the hand of Toxic Dave Sefton and company and trading in its shares has been suspended since 7 June. On 12 August, the Administrators made the following announcement in an RNS:
1020 days ago
Iconic (ICON) has had administrators appointed to it since 4 June at the hand of Toxic Dave and company’s shares have been suspended since 7 June.
1040 days ago
In my article of 5 June 2021, I made the assumption (like many others) that it was Shard Capital (which is the only listed secured creditor at Companies House) who had appointed administrators at Iconic (ICON). I apologise to Shard because it was, as newly filed documents at Companies House reveal, Arch Capital Partners LLP who appointed the administrators. If you look at the filings for Arch Capital at Companies House, you find that its two members are David Sefton and Sefton Management Limited.
1043 days ago
This is a great British crime drama starring David Sefton as Professor Moriarty. The £1 million he took is still missing and meanwhile Iconic Labs (ICON) is on death row. The tension mounts.
1054 days ago
The folks behind European High Growth Opportunities Securitization Fund (EGHOF) have made an offer to the administrators to pay off monies owed by Iconic (ICON) to Shard Capital on the condition that the worthless entity is brought back from the dead. Shares in Iconic were suspended this morning following Friday night’s administration so perhaps there will be life after death.
1055 days ago
It is ouzo on cornflakes time again as I warned you so many times that this would end in tears. Huge liabilities, dodgy related party deals by TWO management teams, not a cat in hell’s chance of generating cash, yet as ever the Bulletin Board Morons knew better. In recent weeks, they had the “big mo”. But gravity cannot be defied forever and at 6.39pm on Friday night, Iconic Labs (ICON) released the following RNS statement:
1070 days ago
On Friday Iconic (ICON) published on its website its Notice of General Meeting announced via RNS to be held on 15 June – you can see it HERE. It is shoc
1180 days ago
After yesterday’s debacle, Katharine Lewis, is now the sole remaining director of Iconic (ICON) which means it is breach of the 2006 Companies Act which requires all public companies to have at least two directors. However, that is the least of her worries. The main concern, and one which should be getting the appropriate professional and legal advice about is Iconic currently trading whilst insolvent and should she ask for the shares to be suspended whilst it clarifies its financial position? Trading whilst insolvent was until recently, for a director, a Criminal Offence. It should be again.
1187 days ago
Following Iconic (ICON), revealing that it was subject to an alleged claim by European High Growth Opportunities Securitization Fund, EGHOF, the subsequent criticism by OTT Holdings Limited and the Director’s weak response since the share price of Iconic fell by around 50% from 0.012 pence on 13 January to a new low bid price of 0.006 pence. The stock has since rallied by 23% but is this a dead cat bounce?
1191 days ago
Cash guzzling POS Iconic (ICON) faces a 15% shareholder wishing to oust the board, OTT, and a legal claim from death spiral provider European High Growth Opportunities Securitization Fund, EGHOF, which it airily dismisses as baseless. It is wrong to do so and here is why.
1232 days ago
Yesterday I provided a detailed analysis of the shocking numbers from Iconic Labs (ICON) HERE. But drilling down further there are even more shockers emerging.
1260 days ago
Iconic Labs (ICON) has a history of deceiving investors as long as your arm. That history today got even longer with City penny stock shufflers Shard Capital at the heart of the latest deception. The RNS reads: “Firm Placing, End of EHGOF Share Issuances and New Conventional Debt Facility. “ But that simply is not true.
1291 days ago
On 30 September 2020, Iconic Labs (ICON) announced a Partnership with leading Ad-tech tech provider with the first paragraph stating “Iconic Labs Plc (LSE:ICON), a multidivisional new media and technology business, today announces 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.”
1315 days ago
Of course there really is more chance of me shagging Cheryl Cole than of this happening. But let’s hope for it anyway. How many of the current wave of enthusiastic shareholders who piled in to the grossly misleading announcements starting on September 10 understand that there could still be much more share dilution still to come? There are three separate financing instruments under which Iconic (ICON) can be required to issue shares for and they are as follows:
1327 days ago
Linton Capital LLP, an investment company run by Toxic Dave Sefton, has been busy putting in place the arrangements to buy the Joe Media businesses in the UK – even though Joe Media may, as I exposed a day or so ago, be going seriously off the rails. A recently filed security agreement now to be found at Companies House dated 9 July 2020, indicates that Toxic Dave, Linton Capital LLP and Greencastle MM Limited have entered into an agreement with BPC Ireland Designated Activity Company not to exceed £3,787,000 and any interest due and payable.
1332 days ago
No news is bad news and here is why Iconic (ICON) seems to be sitting on bags of bad news. Will this company, still being run as a shadow director, by toxic David Sefton come clean? This is what it needs to clarify…
1340 days ago
I start with a brief discussion of Rule Britannia where it is clear that the BBC and others (including the Mrs) have not actually read the words or studied their history. I will do a much longer piece on this when back from seeing my father in Shipston. I look at Asimilar (ASLR), All Active Asset Capital (AAA), Mesh PLC, and Chris Akers – a scandal where the unravel is surely underway. I comment on DFS (DFS) and furlough economics, on Iconic Labs (ICON), and on Amigo (AMGO) as well as on Xtract Resources (XTR), where there is yet more good news making you who followed my tip and I who bought shares even richer. Also covered is NoGold who has no gold exposure and lambasts me for tipping gold shares and making you all richer… even more of a miserable old git.
1393 days ago
At 5.07 PM yesterday, AKA no one is watching o’clock, after a series of exposes on this website, about its failure to tell the truth to investors Iconic (ICON) issued an “Update on Joe Media and Other Business Update.” It vomited up a series of excuses for failing to conclude deals previously announced and forthcoming dire results with minimal turnover and significant losses. The text in bold is what we imagined Directors were thinking as they drafted this statement.
1408 days ago
Everything about Iconic labs (ICON) is toxic as we have exposed so many times HERE. Not least is the way it happily deceives investors. This worthless lie generating POS should be slung off the markets at once. In order to keep its death spiral funding going Iconic likes to trumpet new deals but is a shy in highlighting that they did not in fact occur. For instance take the Social Alchemist and Medium Channel Media deals that were announced.
1431 days ago
Worthless new media POS Iconic (ICON) is promoted on the strengths of its three Directors John Quinlan, Liam Harrington and Sam Asante in social media as the extract from page 38 of the prospectus indicates:
1433 days ago
On 30 December 2019, as I highlighted in my article of the same day, toxic Dave Sefton resigned from Board of Iconic (ICON) admitting that he had become a PR liability following a series of exposes on this website about how he had used company funds at Anglo African Oil & Gas (AAOG) to benefit his private interests and had then lied about repaying those funds which he has still not done in full.Sefton is thus utterly toxic but behind the scenes and a trio of directors each earning £200,000, toxic Dave remains very much active behind the scenes at this company operating with almost no revenue and racking up steep losses.. He is involved in both Infotagion and also the London Economic deals that Iconic has announced.
1438 days ago
Uber dog Iconic (ICON) is still losing money. But that is not the real story here.
1510 days ago
In today’s podcast I look at Intu (INTU), Rightmove (RMV), Purplebricks (PURP), Iconic labs (ICON) and Nanoco (NANO).
1550 days ago
In short no, although this virus could well be far larger than some folks (Lucian) think. Elsewhere I discuss useless research from broker Goetz and Optibiotix (OPTI), Future (FUTR), Amigo (AMGO), Iconic (ICON), Oracle (ORCP) and Petra Diamonds (PDL)
1591 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me once again sitting in the Welsh Hovel as the flood waters rise. I start with a red flags special on Iconic Labs (ICON). The company is an irrelevant and wofrthless POS but the red flags are interesting. Then it is onto a company where I demonstyrated compelling red flags six years ago but I’ve had to be patient. Finally, using Fulham, Shore (FUL) as a case study I look in real detail at why claims that company’s generate positive operating cashflow can be so misleading and why this is so important.If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1639 days ago
Oh dear, oh dear, Iconic Labs (ICON), run by toxic Dave Sefton of Anglo African Oil & Gas infamy, has issued another statement on its acquisition of the LGBTI website Gay Star News. And it is still misleading its legion of daft followers. Why cannot it get the story straight. I provide, in bold, the ShareProphets translation service below.
1662 days ago
Yes my good friend is going to the AIM Awards dinner now that he is an evil PR man (for Bigdish Ventures (DISH). Elsewhere I discuss the news about the Thomas Cook (TCG) stores and the lesson for Sirius Minerals (SXX). I look at Reabold (RBD), Brady (BRY) and Iconic Labs (ICON) as it serves up a bollocks packed RNS.
1680 days ago
The Independent Newspaper thinks that I and 17.4 million others need a better education. Does anyone read that rag anymore? In today’s podcast I look at Neil Woodford’s Woodford Patient Capital Trust (WPCT), notably its holdings in Autolus and Purplebricks (PURP) in light of data out today, Eve Group (EVE), Nigel Wray’s Simba, Thomas Cook (TCG), i3 Energy (i3E) and Iconic Labs (ICON).
1686 days ago
There is some macro babble focussing on the woes of the EuroZone, why Malcolm is wrong about housebuilders and other matters. I look at Woodford Patient Capital Trust (WPCT) after yesterday evening’s shock news and ask when it breaches gearing limits and what happens next. I touch on i3 Energy (i3E) then look at the shock departure of Dave Sefton from Anglo African Oil & Gas (AAOG). He should have been fired sooner and what happens next? And what does this mean for Iconic (ICON) which I mistakenly refer to by its former name of Widecells and where Sefton still casts his malign influence as a director.
1686 days ago
Warning: Do not play this bearcast in front of children or folks of a sensitive disposition. In the podcast I reflect on why the Welsh Hovel is currently like Hell on Christmas Eve. I cover the exact role of the house broker on the AIM Casino, i3 Energy (i3E), Quindell (QPP), Providence Resources (PVR), RiverFort Global (RGO) and Iconic Labs (ICON).
1693 days ago
Iconic Labs (ICON) stinks for numerous reasons including those discussed HERE. No doubt I will be accused of homophobia but its latest deal, to buy the IP of Gay Star News, including the website www.gaystarnews.com, a website focused on events related to and concerning the global LGBTI community for just £1 is a joke.
