Dear XXXXXXXX,
Thank you for your Email.
Yes, the company is subject to a winding up order but as there is an investor who has signed a legally binding agreement to provide mezzanine funding in the amount of €25 million, current indications are promising. Spirit on Media is therefore currently negotiating with the liquidator and pursuing the investor who remains very keen for a speedy transfer of funds.
If you look on the Frankfurt Exchange you will see that trading in Spirit on Media Shares continues unabated. This is a pecularity of the German Stockmarket. It seems there is no requirement to suspend trading even if a company were to cease to exist. Therefore this trading is likely to continue.
Kind Regards,
Paul Miller.
UK Investor Relations Representative Spirit on Media Group plc Tel: +44 (0) 2392 470294 Fax: +44 (0) 2392 412863 Email: paul.miller@spiritonmedia.com
Disclaimer: I have confidence in the Spirit On Media operation. This is based on a detailed and ongoing analysis that satisfies me to the extent that I have invested heavily in the operation. Because of this, I freely give my service as the UK Investor Relations Representative in part to pass on opinion and information received and in part to assist the company with its Investor Relations. This is entirely voluntary and unpaid. Neither do I have any decision making responsibilities. Because all investments carry a degree of risk I offer no guarantee either express or implied in any communication verbal or written of any outcome whatever.
Ich wiederhole: Dies ist keine Handelsaufforderung und keine offizielle Quellenangabe! |