I was told last night by the PR spinner to Andalas (ADL) that I should be asking about its new focus in the North Sea, how it will build value, yadda, yadda, yadda. FFS This company has no assets of value, it is burning stacks of cash every day and has NEGATIVE Net current assets of up to $2 million, even after the £600,000 placing on Monday - what don't you understand about the words "FECKING INSOLVENT" darling? I leave it to Monty Python to explain the true state of Andalas below. Meanwhile here are 4 Burning questions it is not answering so I - and Brokerman Dan - will keep asking.
Fully listed Interserve plc (IRV) has announced the departure of its support services managing director, Mr Bruce Melizan. He has stepped down from the Board and will stick around until the end of January to effect a handover. A second announcement describes the severance package….I wish I had one of those!