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On the basis of the assumption that: (i) the total cash receipt from the Disposal is £1.1 million; (ii) the liabilities of the Company remain at approximately £260,000; and (iii) the transaction costs of the Disposal and running costs of the Company in the period prior to completion of the return of capital amount to approximately £140,000, the Company is expected to have sufficient cash resources to make total distributions to Shareholders of approximately £700,000 in aggregate, equivalent to approximately 1.5 pence per Ordinary Share. The estimated level of total distributions is provided for guidance purposes only. It is emphasised that the ability of the Company to make the estimated level of distributions and the timing of such return is not currently known with certainty, and will be subject to factors outside of the Board's control.
lol lets see then shall we do you understand nominal value
The Company and Alphacomm have today entered into a conditional sale and purchase agreement for the sale of Mi-Pay Limited to Alphacomm for cash consideration of approximately £792,000 together with an undertaking from Alphacomm to fund Mi-Pay Limited to enable it to repay inter-company payables owing to the Company of approximately £308,000, such total amount of £1.1 million being payable in cash on completion of the Disposal.
Pump & Dump
Twitter P&D , you buy they sell.
Same lot did this on TECH. P&D
Bid at 1.6p . I wonder why.
run up to 20th Jan going to be interesting
Takeover will see 4-5p minimum here. It will surprise everyone if it lands before the AGM.
P&d yesterday was just to get some of the trapped out.....unfortunately it allowed new people in. 1.5p nothing more nothing less....unless cost base increases.
Offered 1.5p to sell so its not that bad and back on the radars.