RE: MyIPA6 Jan 2025 13:37
IPA why are twisting the stated facts from the RNS issued by Stephen Lunn ?
He clearly told the absolute truth:
In the U.K., the Company has entered into settlement discussions with a major creditor.
So that would be AFTER the case was withdrawn.
This creditor secured a judgment for approximately £500,000 including costs against the Company earlier this year.
That was correct as a historical FACT.
This liability remained unaddressed causing the Company to face an immediate winding up order.
Had the case not been withdrawn then yes the company would have been presented with a winding up order.
The present board have entered into negotiations for settlement and are looking at a satisfactory outcome.
Stephen Lunn is working to complete the settlement that Evans didn't stand up to.