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Alpha Returns Group and the subsidiary with TWO conflicting sets of accounts: now they want to go for voluntary strike off.

By Nigel Somerville, The Deputy Sheriff of AIM | Wednesday 18 March 2015


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


You read that correctly: as discussed HERE one of the two subsidiaries of Alpha Returns (ARGP), Shidu Investments Ltd, filed two conflicting sets of full year accounts for the same period to April 2013. The first set says it raised £50k in cash by issuing shares and turned it into £102k of cash, but ran up £122k of payables over the year. The second set of accounts says the company was dormant and the only asset was £50k of UNPAID share capital.


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