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From the Interim Results RNS of the 30th of April.
The remaining tranche, the 3 rd and final of £1,450,000 was due that same day
"Given the current COVID-19 situation, the Company has formally requested the Administrators for an extension period in order to pay the final amount of the consideration. Positive discussions are continuing with the Administrators to determine an optimum timeframe for the Company to complete this final tranche of payment. The Company will make an announcement as soon as an agreement has been reached. "
As far as I can see no such announcemnet has be forthcoming.
yeah that idiot marine is obviously a sock puppet account who just signed up to post negative claptrap. calling H&W redundant shows your pathetic trolling ability, try being less obvious next time.
Hey Tango..........as a poster and investor in Infra I have very right to ask the awkward and probing questions. If that does not make me popular - tough luck. I have every right to post my opinion which are always structured and researched unlike the majority of amateur hour cheerleading that goes on in this forum.
I have seen this time and time again with AIM companies where private investors are always the last to know before a company disintegrates before their eyes and they lose their hard earned cash. The directors are never too bothered as they have been earning massive salaries in the period of directorship and will move onto their next position. By the time this happens the smart money has already cashed out......if you don't know the answer to my questions just leave it to the more informed posters on this board that seem to have their finger on the pulse.
Unfortunately, running up to the decision we are going to see a lot of "new users" posting there negative thoughts! OH JOY!
No Idea Marine.
Question for you; why has all of your limited posts got a negative theme? ulterior motive maybe..... jog on
Does anyone know if the final payment for H&W (£1.5M) has been paid to the administrators and what is the latest on the payment to Constain. The administrators published a report recently on the ongoing administration process of the now redundant H&W company which makes interesting reading and is still ongoing?
If infrastrata cannot/refuse to make the final payment what is the potential implications in terms of the lease agreements between Infrastrata and their landlord BHC?