Iconic Labs – death spiral finance now being issued at under 50% of nominal share price
By Tom Winnifrith | Thursday 2 November 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) is a great example of the dangers of how convertible loan notes or death spiral finance which whilst enabling poor quality companies with no other traditional financing options to survive often causes massive dilution to shareholders.
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