I find it even more absurd now that Schurter apparently wanted more shares than they took. They can get them for 50% less now, so why aren't they buying?
The thing is despite all the high fives on LinkedIn the company is barely turning over £3m sterling. The market is going to need a lot more than that! Just WTF are the BOD going to do about it.
It's the auditor's fault not the company. A lot of AIM stocks have been caught out by auditors taking longer than they promise. I'm not sure what the issue is but I've seen this a lot across AIM.
Just noticed that TIA recently repaid £4m worth of loan notes on a revolving credit facility with Santander. Still a hefty 8.7%, but perhaps they are trying for something similar here. The trading update next month will be revealing one way or the other.