Researching 17 Apr 2015 10:35
Found some seasoned investor comments on advfn
DC,
Just a hunch, six months nearly since the new 'investors' took beneficial control of 64% at 1.6p.
The new investors are all involved (majority) natural resource companies and whilst £360,000 collectively is not a massive amount of cash its a figure I would not expect they have just generously provided to be spent on fees.
Also a certain Mr David Lenigas seems to have tenuous connections with a good number of them, shot in the dark but this is a very clean shell and DL is looking to start a Cuba focused company.
I also note they have burnt a decent chunk of the cash raised already, I expect on due diligence etc of the deal(s) they are contemplating.
Cleanest shell on AIM, legacy investment now distributed and the lowest market cap of almost the entire LSE.
Worth a punt considering the above, would expect also given the free float prior to the restructure was 30% that we only have around c£40k worth of shares in the entire free float, with that regard any buying pressure I expect this would go like sh@t off a shovel.