davie thanks28 Jan 2018 17:53
so davie you have no business experience??
the fact a simple failed placing and you cant seem to get your head around it??
msg would have issued paper ie shares for the �1.5mill placing..correct??stay with me...they didnt have any �1.5mill they could put in the bank and earn interest on...they were issuing shares for the �1.5mill..the ones who had signed up reneged...
now problem you have bear in mind , you wouldnt be doing a placing if you were already sitting in a lot of cash in the co. a/counts???
so if they are refusing to abide by their agreement you are going to have to start legal proceedings???...so basically burn time effort...ie more cash to get placing??? and in that time whats stopping the other party collapsing and setting up another co???
best outcome we have put it to bed..and got ourselves �150k in cash and can move on...especially when BLOCKCHAIN is the new growth area.:)