Ver Des a Will There's a Way!23 May 2014 08:22
I am looking at lots of positive things that has happened recently like:
On 4 March 2014 the Company announced its new investing policy, Mr David Breith's purchase of a significant shareholding and also the placing of new shares which raised £750,000 in working capital. This enabled the restoration of admission of the Company's shares to AIM with the previous financial uncertainty lifted.
Prior to Mr David Breith's investment in the Company and the private placing detailed above, the Board was able to secure voluntary reductions in the amounts due to a number of its creditors.
Subsequently, agreement was also reached with our broker SI Capital to cancel its previous warrant agreement with the Company and to replace it with a new agreement more closely aligned with the Company's current position. I would like to thank all our creditors and SI Capital for their support during this period.
Furthermore I am pleased to announce that on 20 March 2014 the Company gained approval for its new investing policy. On 9 May 2014 it also welcomed Mr David Mends to the Board as a non-executive director.