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  • BY: Andrew Hore |
  • POSTED: 25/09/2007 |

Aquabella still hasn’t found any additional cash for its fish farming business and its shares have been suspended at the end of trading on 25 September. 

Management says the company is unlikely to have sufficient working capital to enable it to continue trading “beyond the short term”. The company won’t publish its annual report for the year to March 2007 until the uncertainty over its financial position is clarified. That means that the shares would have been suspended on 1 October.

Aquabella can’t satisfy the conditions to draw down the £1.26m of 8% convertible loan notes that it arranged earlier this year.

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