Arbuthnot has resigned as nominated adviser and broker to Otium Ventures, previously known as Hertford International Group – a failed pre-paid cards business.
Shares in Otium were suspended at 1.5p each, which values the shell at £730,000. Otium/Hertford has spent most of the year suspended so this is not an unusual state of affairs.
Otium has to find a replacement nominated adviser by 24 September or it will lose its Aim quotation. Otium claims it has already started looking for a nominated adviser but it does not have long to find one.
Download the August edition of AIM Journal at http://www.hubinvest.com/AIMPDFAugust2010_11.pdf
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