risky inverstment made21 Apr 2017 21:01
This company's mistake was putting its eggs in one dodgy basket. A substantial investment for a negligible stake in a lossmaking tech company. A novice mistake by gullible investors, loads of money down the drain, how much did the directors lose, probably nothing is my guess. The sooner this company disappears the better to save any more mug punters from losing money.
PS. I'm not sore as managed a lucky escape at 1.2p but I saw the writing on the wall last year. Companies like this one should not be able to reach out for public funds. If the directors were confident in their investment decision why not put up their own money. Answer - mugging investors more fun for them, obviously.