getting press coverage....see this rallying this afternoon27 Apr 2023 13:43
Cornerstone FS PLC, up 10% at 6.88 pence, 12-month range 5.30p-27.70p. The foreign exchange and payments firm completes the sale of its non-core subsidiary, Avila House Ltd, to Aspire Commerce Ltd for GBP300,000 in cash. Company also confirms that it began generating revenue under its 12-month software licencing agreement with Aspire in January. Chief Executive James Hickman says: "We are pleased to have completed this sale and to realise value from the disposal of a subsidiary that could no longer contribute to our business. This deal is particularly strong as we are also generating revenue from licencing our platform to the buyer. The proceeds will be used to bolster our existing cash resources as we continue to drive our business forward."