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Cientifica

  • BY: Andrew Hore |
  • POSTED: 25/11/2014 |

Cientifica is considering its options after it was not able to secure satisfactory terms to acquire any of the three potential investments involved in developing graphene technology for commercial applications.

Options include continuing to try and secure a graphene-related deal, seeking shareholder approval for a different strategy or securing a reverse takeover.

Cientifica’s creditors exceed its cash and overheads are being reduced. Additional working capital will be required. 

Shares in Cientifica were suspended on 24 October at 0.95p a share and it has until 23 April to complete its investing strategy or the quotation will be cancelled.

Download the latest AIM Journal from http://www.hubinvest.com/ AIMPDFNovember2014_62

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