haventgotaacllue/childsplay11 Jun 2009 16:35
A sum of GBP145,000 has been advanced to the Company by certain Directors (the
"Financing"). The GBP145,000 received by the Company will be sufficient to fund
its cash needs through to July 2009. These advances are unsecured and interest
free. The Directors of the Company who have not participated in providing this
Financing, namely Tony Carlton, Donald Sutherland and Oliver Plummer, ("the
Independent Directors") have authorised the Company to accept up to a further
GBP100,000 on the same basis.
The directors seem to be funding the company atm to keep it going but why do that if it's a dead duck? There must be milage in putting their own money in or it would be throwing it away and also they hit there 52week low today on no news just a few trades. Again i wouldn't put your life savings on it but probably worth a few hundred. Yes it has risk involved but the upside could be significant...