RE: Update10 Mar 2023 14:23
REPLY FROM BOARD
Thank you for your email. I appreciate that this has been a very difficult time for our shareholders. Allegations of corruption are extremely serious and will not be taken lightly. The Board has been working, and continues to work, very hard to resolve what is an extremely difficult situation and to secure the funding required. We have always been very clear about the situation that the Company is in and the impact that the Scheme, the associated 19:1 dilutive Capital Raise or wind down would have on our existing shareholders.
The intention of the Board is to rectify the situation in the best way that is possible for all our stakeholders, including our shareholders. We have communicated with the market throughout the process to raise capital and are leaving no stone unturned within the realms of possibility. We will continue to do this. As a PLC the Company and its Board are bound by very strict regulations on how we behave and report to the market.
Keep the Faith although its been tested big time !