SpectrumX Holidings Limited claims to be ready to set to launch, inter alia, the world’ smost powerful hand gel to stop the spread of you know what. Admittedly it is, according to its own website, only at the “patent pending” stage but it reckons that a Q3 2021 £50 million IPO is happening. We are now in Q4 so what’s the catch? Yesterday, Nick Michaels of Alfred Henry confirmed his firm was acting for SpectrumX and the IPO was still on, albeit delayed. Today administrators were called in. Ooops.
Oh dear, Oh dear. As predicted here many times it has not ended well at House of Britannia, the company established by serial shyster Simon Petherick. An administrator was appointed on 29 June. Now for the roll call of fame.