.11 Aug 2015 10:44
the statement over at GUSC today (Marcus Yeoman) doesn't really inspuire confidence though ...
"Currently the Company has not substantially implemented its Investing Policy to
the satisfaction of the London Stock Exchange and Guscio may therefore become
suspended from trading on AIM. The Company has been actively looking for
complementary acquisition and investment targets to Sportsdata in the
educational technology sector with a view to making further investments in
accordance with the Investing Policy and to achieve certainty regarding
satisfaction of implementation of the Investing Policy in accordance with the
AIM Rules.
While the Company has undertaken a significant amount of due diligence and
negotiations are advanced on a number of potential investments, there is no
guarantee that a transaction will be completed. It is, however, envisaged that
any future transactions, being acquisitions/investments, fundraisings, or, any
other corporate activity, may require the issue of new Ordinary Shares.
Accordingly, the Company is seeking new general authorities for the issuance of
Ordinary Shares now, such that it provides the Company with flexibility and
agility to more readily proceed with potential transactions. "