White Knight(s) required with £1.5 -£2 mil ....

WTV seem to be getting very cosy with PR Newswire. Joint venture, now the new CTO was formerly with Multivu, a division of Newswire which is a profitable company. If, for instance, PR Newswire were to acquire WTV, would they perhaps be able to use WTV's tax losses inherited from the Tornado/VTB days to more than offset the cost of the takeover - i.e buying out Sibley/Booth and the other concert party members and to provide capital to cover new product development costs?

Maybe Messrs Sibley, Booth etc don't like the prospect of WTV becoming part of an American company, hence their departure from the Board and wrangle over the loan note.