Catenae Innovation – the fat lady is coming on stage. And again: is the company trading whilst insolvent?
“Velocity Composites plc (VEL), the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, today announces its unaudited interim results for the six months ending 30 April 2019”. Not ‘pleased to announce’ then?...
A “Directorate Changes” announcement from Velocity Composites (VEL), including “as a founder of the company Jon is fully committed to Velocity and feels it is the right time to hand over the CEO responsibilities”. Hmmm…
Previously writing, in May, on Velocity Composites (VEL) it was less than a year since AIM IPO, it’s another profit warning!. Now a further “Trading Update”…
In May last year CEO of aerospace industry material kits company Velocity Composites (VEL), Jon Bridges, was “delighted to announce the successful completion of our admission to the London Stock Exchange… look forward to our future as a quoted company with confidence”. That was at an 85p per share IPO price. The shares are currently 55p after a latest “Trading Update”…
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