Robert Mitchell has stepped down as chief executive of Intandem Films.
Trading in the shares was suspended on 22 September because Mitchell was the only director after the resignation of Andrew Brown. The financial position was also difficult so when Guy Meyer and Tim Crowley joined the board earlier this month the suspension continued. Crowley has helped the company to raise cash in the past and he was assisting in raising more funds. Crowley has become chief executive and he is talking to potential investors. He is also assessing new strategic directions for the business.
There is one month to go before the shares have been suspended for six months, which will mean that Intandem will lose its quotation if they are still suspended at that time – unless Intandem gets dispensation.
The shares were suspended at 0.22p each.
AIM Journal February 2015 available.
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