Centurion Electronics still hopes to raise additional cash but its nominated adviser JM Finn is resigning.
JM Finn’s resignation takes effect on 20 January so the shares will be suspended on 21 January. Centurion has until 21 February to appoint a replacement or lose its quotation.
Before Christmas the portable DVD supplier said it was near to agreeing debt finance but it would have to raise further money through a convertible loan. It continues to negotiate this additional finance. Centurion raised £1m through a convertible loan in April 2007 but that was only supposed to last for five months.
At 2.13p, the company is valued at £290,000.
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