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Plus Markets Group

  • BY: Andrew Hore |
  • POSTED: 14/05/2012 |

Plus Markets Group has ended bid discussions and it is running down its activities, including the Plus-quoted market.

There were interested bidders but no deal could be secured. Meanwhile, cash is running out. The shares have slumped by 0.8p to 0.17p, which values Plus Markets at £680,000.

The Plus-quoted companies have around six months to find a new market. Plus-quoted continues to operate as normal for the time being.

This could be good news for GXG Markets, which is already attracting Plus-quoted companies. US Oil and Gas has already joined and Captive Audience Display Solutions, which is acquiring wind farm developer and consultancy Proventus Energy, is moving to GXG.

There will be further announcements over the coming months. Management is still seeking to sell assets if it can.

It is possible that Plus Markets could become a shell if there is cash available when the winding down process is completed.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2012_31.pdf

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