clearly most hate this share...years of losses...strange decision not to accept COMS offer...placings..management changes
...but have they become too negative?
...It's a v risky punt
...but with EV/gross profits <1 & nearly breakeven (many other on AIM spring to mind?), this is cheap for another company...which can strip out many of the fixed costs that cause problems below gross profit ... (this is one of the standard ways M&A looks at deals)
The Company was notified yesterday that on 18th March 2014, Nicholas Scallan, Chief Executive Officer Designate, sold 96,009 ordinary shares of £0.01 each ("Ordinary Shares") in the Company at 12 pence per share and subsequently bought back 95,169 ordinary shares for the benefit of his ISA account at 12.031 pence per share.
Following this transaction, Nicholas Scallan's total interest in the issued share capital of the Company is now 101,725 Ordinary Shares representing 0.27% of the issued share capital of the Company
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