As I understand it the capitalised acquisition costs, showing on the balance sheet as intangible assets should have been subject to annual(?) impairment testing, using appropriate cash flow metrics for each CGU.
Sold 30k @ 12.3p ... debt at approx 1x revenue , although receivables are higher ... smallish amount of receivables declared bad + talk of "refinance the business" in financial reveiw section of latest full year resuilts. oops!
4 RNS's have been issued in 13 days ... 3x ops updates and 1 x IMS ... last one was yesterday ... pirk workover started & other stuff (debleblahblahbletska) ... nothing massively exciting looking IMO
Very bullish trading update, only just noticed it and the 30% price rise! ... still feeling damn pi$$y about the option schemes and a £19k paper gain only adds salt to the wound! :o)