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Iconic Labs, after the insider dealing: do the maths!

By Tom Winnifrith | Thursday 29 February 2024


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.


Yesterday the share price of Iconic labs (ICON) surged by almost 100% at one point. Of course there is never any insider dealing in the City of London where the streets are paved with gold and where everybody is a scholar and a gentleman. Today the shares have been suspended as the FCA forced the company to ‘fess that it was in early stage talks about an RTO. Now do the maths.
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