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Hot Tuna International

  • BY: Andrew Hore |
  • POSTED: 04/06/2009 |

Hot Tuna International blames delays in raising additional finance for revenues falling short of expectations in the year to June 2009. 

The news came too late to hit the share price which ended the day at 0.53p, valuing the surf wear brand owner at £1.49m. Hot Tuna raised £300,000 at 0.3p a share in April.

This cash has been used to finance the production of outstanding orders.

Costs have been cut and the Spring/Summer 2010 collection has been well received. 

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