Cpt20 Aug 2016 14:27
Cl2201 is right, bearfacts is wrong.
From the RNS:
On 25 July 2016, the Company has consolidated shares, whereby every 250 existing ordinary shares of 0.01p is consolidated into 1 new ordinary share of 2.5p each. Thus the total 5,200,000,000 existing ordinary shares of 0.01p are consolidated into 20,800,000 new ordinary shares.
At a General Meeting held on 25 July 2016, the Company's shareholders accepted completing the subscription, placing and open offer to raise £3.5 million in new funds to support the continued growth of the business.
On 26 July 2016 the Company has successfully started trading on AIM. 109,160,573 new ordinary shares are admitted to trade by way of reverse takeover of Frontier Resources International plc (renamed as Concepta plc).
and
Cash balances at the date of approval of these accounts are approximately USD4.5m (£3.5m).