i like this24 Nov 2016 14:57
As the i3 pre-IPO investment will not constitute the implementation of the Company's investing policy (as the Company has not completed an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules), the Company may also seek to complete an additional acquisition constituting a reverse takeover, and the Company is currently conducting due diligence on various potential targets. Alternatively, the Company may seek an orderly and solvent winding up of the Company in accordance with AIM rule 41 following the distribution to Glenwick shareholders of the holding in i3