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Servision - When Insolvency looms, accidents can happen

By Tom Winnifrith | Tuesday 25 October 2016

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.

In the greater scheme of things this is a trivial matter. Having been exposed for revenue recognition policies that were so bizarre as to teeter on the verge of fraud, of being shown to have issued pre-placing RNS statements that were er..untrue and now facing looming insolvency, Servision (SEV) is in deep trouble. So maybe I should be charitable?

Er no. The company is remiss in its Company's House filings. As you can see HERE, and below, its Annual Return is now almost four months overdue. Careless, careless.

In the greater scheme of things, given that its cash has run out and it needs an emergency - and one assumes massively discounted - placing pronto this is trivial. But it is yet another sign that this is a very badly run company.

PS When I first started pointing out the many flaws in this fraudulent piece of crap the company's PR himbo Christian Taylor Wilkinson of Cadogan Leander (a firm involved in the Sefton smears and dirty tricks campaign against myself and Dan Levi) told Bulletin Board Morons that Servision was going to "deal with me". How's that going Mr PR himbo?

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