I am off to cyprus for two weeks tomorrow,spoke to the FD and said the RNS would be out by the 2nd of Jan or their about.
Think its got a 70% chance it was the bank that called its money in within three days(HSBC) with out warning, the only charge the bank has got is the stock of the company the building is leased,they have got till the begining of next year to sort it out, looks like a 50% dilution.
They have got out of the ARGOS contract as well from the retail side, they are now distributors to the auto motor trade now so the business has had a complet turn around they did o the bank nearly 8m at one stage and got it down to 3.5m so why they pulled the plug a don't know but all will be revealed next year.
Wil buy more at 10p and average down this could be a multi bagger next year.