WARNING: Iconic Labs – reliant on death spiral to stay alive (again)
By Tom Winnifrith | Tuesday 31 October 2023
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.
Iconic (ICON) published its results for the twelve months ended 30 June 2023 today. The promised annual report is not yet on the website meaning that we can’t see how much was paid for the Directors services or what the new auditor thinks about ability of the company to continue as a going concern.
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