"the Company continues to work on the funding package to allow it to publish its FY 2015 Accounts and resume trading on AIM"
[note the use of the word, "allow"]
"The Company continues to work on the finalisation of a placing to provide additional working capital for the Company"
the implication, particularly from the first part, is they haven't yet secured sufficient finance to be able to release the accounts on a going concern basis. **if they had, then why on earth not release the increasingly overdue accounts?** if they thought they still needed to remain suspended for some other reason ( - such as an impressively large pending deal, rto, etc, where there was concern about the possibility of a disorderly or false market from information leaking - ) then they could still release the historic accounts but ask for trading in the share to remain suspended.
the fact that they haven't done that suggests either that there are problems with the accounts (inconsistencies or gaps) which still can't be reconciled to the auditors' satisfaction, which would be a major concern after having had this long to sort out any 'glitches', or else that they still don't actually have viable regulatory reserves &/or cash balance for the auditors to sign off as going concern.
overall, i think i preferred it when you said that you weren't going to bother responding to my posts. however, since you seem to have changed your mind about that, it would be nice to hear what you do think the company has in store, and why you think that prevents them publishing the historic accounts? not holding my breath though.
Spikey are you still rocking along with a Nokia 3210 telecommunications device fella? If you havent already done so and fancy upgrading some time soon to a new smart phone I found a tip that may be of use. If you rotate your phone 90 degree's you will find the screen layout will change to landscape. This should enable you to string a few more words together on each line of text. That way you won't have to worry about them falling of the end of the screen.
"(alternatively, if you want to be serious, perhaps offer your own view on what you think a reasonable time scale should be for a company of this size to sort out their 6 monthly accounts, & to organise a medium size placing? but i very much doubt you will do that.)"
Its very small minded to limit yourself to the thinking that they have suspended trading only to finalise the two points you have mentioned.
amusement at your response. it was quite funny to hear DAN likened to the roman empire.
perhaps allow a little humour into your life? it's only money, after all.
(alternatively, if you want to be serious, perhaps offer your own view on what you think a reasonable time scale should be for a company of this size to sort out their 6 monthly accounts, & to organise a medium size placing? but i very much doubt you will do that.)
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