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  • BY: Andrew Hore |
  • POSTED: 27/02/2009 |

EBTM has put its two main subsidiaries in administration.

The share price almost halved to 0.85p, which values EBTM at £300,000.

Revenues have been lower than expected. Management have failed to secure additional funding.

EBTM itself has not been placed in administration

EBTM says that it is still in bid talks but it seems unlikely that any bidder would buy the holding company when they can acquire the main assets from the administrator.

Former director Quentin Griffiths has been selling shares in recent weeks.

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