News blog
designcapital
- BY: Andrew Hore |
- POSTED: 23/01/2009 |
Designer furniture company designcapital is expecting a deferred subscription but there has been no news about whether the cash has been paid.
It appears that there is still £3.72m expected from a deferred subscription by Luxadvor, Stunning Partners and MENA Consultants Ltd, which is due to be paid 12 months after admission.
The company joined Aim on 21 January 2008 at 10p a share and some of the original subscribers failed to come up with the cash they promised. There was £3.06m raised after expenses instead of the £4.1m expected.
The susbscription should have happened by now.
Shares in the company are trading at 10p each, but the bid/offer spread is a whopping 5p/15p.
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