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SHOCKING EXPOSE Iconic signs deal to buy controlling stake in Sting Industries Ltd – why is this not a total con?

By Tom Winnifrith | Monday 10 May 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

This looks like such a blatant con that even the woke dullards at the FCA who regulate (no sniggering at the back please) the Standard List must be alert to it. Iconic Labs (ICON) which has massive negative net current assets and no cash has signed non binding terms to take a controlling stake in Sting Industries Ltd. Okay so what’s the con? CEO Brad Taylor – who has worked with OTT “for many years“ – says his company:

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