East Imperial Share Price (EISB)

Does Example 4 apply to us here? Would be great to offset loss against income

https://www.gov.uk/government/publications/negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-hs286-self-assessment-he/hs286-negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-2024

Thanks for the update Dave. There's a difference between administration and liquidation, liquidation means there is a chance of some return, administration, zero. Another coincidence (not) is that the results were due this month. This will be taken into admin with TB and INL riding off into the sunset.

Troa, posted on Adfvn this morning the following; 'I emailed TB yesterday TB & received this message. The Company's shares are temporarily suspended on the London Stock Exchsnge & the company has stopped trading. We expect an Administrator to be appointed by INL Investments Ltd to seek to sell assets to allow INL loan to be repaid.

We will update shareholders as soon as possible.'

One wonders whether they have enough assets to cover the loan?

I hold the view they will be working with WHI to take control of the operations of the business. I suspect zero return for shareholders. TB will keep his job and likely some form of equity stake in the new business as a sweetner.

They have technically been insolvent ever since the Loan Notes were issued by WHI. That was the point when they handed over the keys to the business. From then, it was just a waiting game, until the business ran out of funds. Not sure how they got away with the c 350k fundraise in January, or if that Investor held on to their shares... i suspect they didn't and some poor sod ended up with the paper on the secondary market.

Stitched up like kippers.