Was the million pound loan done properly and legally? Sefton is before my time on ICON so I know nothing of his past. Why did he walk out on the day of their AGM????
Napalm, if that were the case, it might have been better and cheaper to just wind the company up. I think they are clearing the decks for a new venture that is nothing to do with publishing mucky mags.
But if this was new directors following the old company, I could agree with your theory. But this is likely to be a whole new venture, the price could really explode here????
Why has no company except KDNC ever attempted to takeover PREM if its assets are so good? When KDNC failed, did GR blow them out, or did KDNC run away when they saw the setup?
They may just do a deal with the bad lads that if they do not claim wages 'owed', then they may call it quits. Roll on Monday, I expect another RNS then....