Adalan Ventures Share Price (ZAIM)

10M loss (incl. write-down) in 2022 with negative equity,

then nearly half mil loss in 2023 still ending up with negative equity despite some minor equity raise.

How long can it last until creditors decide to pull the plug?

Re: ...with not necessarily a lot of cash...

Latest results clearly show negative equity, add to this costs to keep the lights which are burning out remaining cash balances.

I'm surprised creditors are not pulling the plug, but at the same time looking at assets it's quite obvious they don't have much to take back on a first place, so I guess everyone just wrote this off.

But I'm guessing you both already know all that......and are here to dupe. Any chance you're part of the crew that took the opco out?

Nice try guys. It's just a shame we had to write down the entire ZAIM opco in Russia (worth some £10m on the balance sheet) and currently don't have an opco we are trading through. As such we're a cash shell figuring out what to do next, with not necessarily a lot of cash. That's from a current shareholder (me). So I'm not eagerly anticipating a strong trading update, personally, as to all intents and purposes we are not currently trading......

I am eagerly looking forward to our upcoming trading update. Our company has strong fundamentals and is performing exceptionally well. I believe that we will achieve the broker target price of 11.6p in the current quarter.