INCE.L Share Price (INCE)

I've just spoken to the Administrators (Quantuma Advisory Limited) and have been told that it is highly unlikely that shareholders will receive any funds back. We are at the bottom of the list well behind creditors, suppliers and HMRC. HMRC alone are owed over £10 million.

I'm gutted, I've have lost just over £15,000 mainly due to the BS told by Adrian Biles and then getting locked in just after Xmas.

Very distasteful behaviour by management. I'm disappointed in the LSE for allowing this type of thing to happen on AIM and it reflects badly for London markets.

Having recently raised money, management used the delayed audit excuse but meanwhile managed to sell or close pieces of the businesses during this time without so much as a vote from shareholders. After the shares become non-tradable for shareholders, the company was then put in administration and then sold from under existing shareholders, all without any semblance of a vote. The final insult is that management were not affected and have managed to keep their jobs with the new firm. The lack of corporate governance is appalling. The situation is also ripe with conflicts of interest as it relates to Arden, which was sold for a pittance, barely more than six months after it was first acquired.

If there is a lawsuit being filed, please disclose Lawyer details here so we can all get in touch. I'm happy to share in the legal fees.

Interesting that in the background the Biles have been registering Ince company names on Companies House. One of the Directors at Axiom is ex gordon Dadds. You wonder how a firm like Axiom can buy Ince and where the funding is coming from. Is this a trojan horse for the Biles to get back into the business?

Does anyone know if shareholders have ever gotten some money back after such a pre pack deal ?

Any idea what the sale will mean for our share holdings?