So in the 12 months after they delisted they racked up £750k worth of debt owed to creditors.
Even though the patents were supposedly valued at £27 million the company received two offers (before delisting) for less than 1% of that!!
The administrators are still investigating the links between the sub companies and this will take longer than initially expected to fully unravel everything.
Unfortunately there is virtually no chamce investors will get anything back.
Seems like an overreaction today. The company is still growing and profitable in an in demand sector that will shape the future of banking. I will be looking to top up.
I also think a takeover is the most likely return on investment for us. Due to the 'drag-along' clause they've put in we won't have any say in the matter - but we should still get a very good price, better than waht Rox are offering. But not as good as when they list on Nasdaq.
Anyway good luck all, I doubt we'll hear much more in the short term other than receiving our certificates.
Well I only said this flippantly back in April but TIA have just bought MXC's stake in CLCO. What do folk on here make of this? Seems an add one to me, although hopefully (for me) it means there's still life in CLCO.