SKIN19 Sep 2018 08:39
To me, this doesn't look good
Any financial issues usually has a negative effect in the SP
Subsequently, the Company has received a formal demand for payment of certain amounts due and claimed to be due to Mr. Nicholson and Mercuriali Limited, for services provided to the Company. Mercuriali is owned by Mr Nicholson and is a c11% shareholder in Integumen.
Whilst the Board acknowledges that certain of the claimed amounts are owed to Mr Nicholson and Mercurali, it notes that Mr Nicholson, on behalf of himself and Mercuriali, previously agreed that these amounts are not due to be paid before 9 July 2019.