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Cubus Lux

  • BY: Andrew Hore |
  • POSTED: 18/04/2012 |

Casinos and marina operator Cubus Lux has lost its Aim quotation.

The shares were suspended at 10.5p on 28 September 2011, because Cubus Lux (www.cubuslux.com) had not published its accounts for the year to March 2011. These were subsequently published but the interim figures to September 2011 have not been published. The shares have been suspended for more than the normal six month period after which the quotation is normally cancelled.

Christian Kaiser and Eli Abramovich resigned as directors in March.

Cubus Lux reported a loss of £36.9m in the year to March 2011, because two proposed developments were written off. The company’s casino was closed and the marina is the main revenue generator.

There was £2.17m of cash in the bank at the end of March but there was also debt of £22.1m.

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

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