By Nigel Somerville | Monday 14 March 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
It was announced at 2.54pm today that fully-listed – and suspended for two years in the wake of a catastrophic controversy involving undeclared debts and so on – has finally been placed into administration, under the care of PKF GM. Having lost a second auditor last week with no accounts published since August 2019 (the half-year to June 2019) that was already a very bad sign and now it is over to PKF to perform the last rites.
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