Science Share Discussion Threads

[jonwig] 16/7/2008 07:15

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Martyn Ratcliffe*.... 12,512,906 30.0%
David Courtley*......... 375,000 1.0
Guy McCarthy*............ 70,621 0.0
Brent Hudson*............ 65,000 0.0

Legal & General ...... 6,258,539 15.0
Vidacos Nominees...... 2,750,000 6.6
Aviva & subs ......... 1,450,000 3.5
Herald Inv Mgt........ 1,387,491 3.3
Prof Gordon Edge CBE.. 1,129,807 2.6
Mark Bradshaw......... 1,034,209 2.5

Total................ 41,723,595

[targatarga] 03/1/2007 14:48

ren - lucky your a smallish holder. Probably brought for a song by management. regards

[renaissance] 03/1/2007 09:54

Heard nothing since the appointment of administrators last Feb. Thir website suggests that the company is still a going concern. Does anyone know whether this will be resurrected - having already kisssed my small investment goodbye!

[johnnyvee] 03/3/2006 11:06

well they are dead....

[johnnyvee] 05/12/2005 13:06

dell314 thanks for this info I wasn't aware that they had been suspended! Thought they were dead.....

I think I can forget about this for a long time....

[dell314] 01/12/2005 12:33

Johnny Vee - The suspension RNS appears to explain it reasonably well:

(I've extracted parts only. For full text see RNS)

..............However, the Company's auditors are not able to issue an audit report on the basis that the Company is a going concern given the Director's lack of confidence in the Company's ability to meet its sales forecasts and in the absence of confirmation that Smart Approach is able to raise further additional funds in the short term. The Company is therefore unable to issue audited accounts pursuant to its obligations under the AIM Rules and is required to seek the suspension of its shares.

As a result of these circumstances the Board has concluded it is in the best
interests of shareholders to seek to identify a strategic investor in the Group
who can provide the financial certainty that is required to take the business
forward.

I have to admit that this one struck me as a bit odd, in that directors reckoned they could continue as a going concern but auditors wouldn't sign off.
I can't quite figure why auditors didn't just qualify the accounts......

Still, I suppose there is still some hope in the absence of an administration RNS, so far.

Good luck.

Rgds
dell

All IMHO, DYOR etc.

P.S. Whatever happened to John Castle and his incredibly full boots?

[johnnyvee] 01/12/2005 12:07

Is anything happening here?

[dell314] 27/7/2005 08:55

LOL!

Rgds
dell

[tom tit] 27/7/2005 08:50

John...

Boot filling op?

[audereestfacere] 01/7/2005 16:04

The directors are welcome to the shares - let see how smart they are really.

[dell314] 01/7/2005 15:28

Most unpleasant!

Incidentally, whatever happened to JohnCastle and his remarkably full boots??

Rgds
dell

[charmer1_23] 01/7/2005 14:29

RNS Number:3501O
Smart Approach Group PLC
01 July 2005


1 July 2005

Smart Approach Group Plc
("Smart Approach" or "the Company")

Proposed Placing

Smart Approach today announces that it is proposing to raise approximately #0.75
million (#0.68 million net of cash expenses) by way of a placing of new ordinary
shares in the Company ("Placing") to provide additional working capital for the
Company and its subsidiaries ("the Group").

It is proposed that the placing will comprise the issue of 75,000,000 new
ordinary shares of 1p ("New Ordinary Shares") at a price of 1p per New Ordinary
Share ("Issue Price").

The New Ordinary Shares have been conditionally placed by J. M. Finn & Co. with
certain of the Directors and institutional and other investors. The Directors
have conditionally agreed to subscribe for, in aggregate, 13,887,500 New
Ordinary Shares pursuant to the Placing Agreement, representing an aggregate
investment by the Directors of #138,875, at the Issue Price.

Under the AIM Rules, the participation of the Directors and the Company's
significant shareholders in the Placing is deemed to be a related party
transaction. The independent Directors, Mr Mike Ormesher and Mr Martin Canty,
having consulted with Strand Partners Limited, are of the opinion (taking into
account the current financial position of the Company) that the terms of the
Placing are fair and reasonable insofar as the shareholders of the Company are
concerned. Strand Partners has taken into account the independent Directors'
commercial assessment of the Placing.

Application will be made to the London Stock Exchange for the admission of the
New Ordinary Shares to trading on AIM. It is expected that dealings in the New
Ordinary Shares will commence on AIM at 8.00 a.m. on 27 July 2005.

The proposed Placing will require the passing of certain resolutions by the
Company's shareholders at an extraordinary general meeting of the Company, which
is being convened for 10.00 a.m. on 26 July 2005 at the offices of Strand
Partners, 26 Mount Row, London W1K 3SQ for the purposes of proposing and if
thought fit passing the following resolutions:

(a) to increase the authorised share capital of the Company;
(b) to authorise the allotment of the New Ordinary Shares;
(c) and to disapply the pre-emption rights which will be necessary to
issue, inter alia, the New Ordinary Shares pursuant to the Placing;

If the Resolutions are not passed at the EGM and the Placing does not proceed,
the Group will have to seek alternative methods of financing. Shareholders
should note that if the Placing does not proceed and the Company is unable to
procure alternative sources of funding, the Company would not be able to
continue to trade.

A circular will be posted to Shareholders shortly. Copies of the circular and
form of proxy will be available to the public, free of charge, at the offices of
Walker Morris, Kings Court, 12 King Street, Leeds LS1 2HL during normal business
hours for a period of one month.

Enquiries:
David Hurst-Brown/
Mike Ormesher
Smart Approach Group plc
Tel: [phone]


This information is provided by RNS
The company news service from the London Stock Exchange
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[tom tit] 30/6/2005 12:57

This has come as a real surprise.....

[audereestfacere] 16/6/2005 12:27

Let's hope they are making a smarter approach to the fund raisers than they have to their business!

[tony14] 15/6/2005 16:50

End game, perhaps:

Smart Approach Group PLC
15 June 2005


15 June 2005

Smart Approach Plc ('Smart Approach' or 'the Company')

The Board of the Company wishes to announce that it is currently engaged in a
fund raising process. The future of the Company as a going concern is dependent
upon the successful outcome of this fund raising. At this stage, it is not
possible to predict the outcome of the Company's efforts to refinance and the
Company expects to be able to make a definitive announcement by June 24, 2005.

For more information contact:

David Hurst-Brown
Mike Ormesher 01472 250 300



This information is provided by RNS
The company news service from the London Stock Exchange

[audereestfacere] 15/6/2005 16:28

SAGging LOWEr and lower.

[prefab] 15/6/2005 15:18

LOL, It's a while since I've looked in on this one. No doubt the pestilence of ADVFN will be swarming all over this in the morning trying to ramp it. Another sack of cack for the bin of oblivion.

[wole] 15/6/2005 15:14

Another one bites the dust?

[tom tit] 07/6/2005 09:11

Any thoughts?

[ginna117] 27/10/2004 13:41

Directors and strand have over 50% of the shares , any opinions why this might be . Seems to me someone is putting the money down .
ginna

[ginna117] 27/10/2004 13:23

RNS Number:5264E
Smart Approach Group PLC
27 October 2004


27 October 2004

Smart Approach Group plc

("Smart Approach" or the "Company")

Notification of Interest in Shares

Smart Approach was yesterday notified that following completion of the recent
placing and capital reorganisation and the admission of the new ordinary shares
of 1p each in the Company ("Ordinary Shares") to trading on AIM on 26 October
2004, Strand Associates Limited now holds 8,959,130 Ordinary Shares,
representing approximately 27.33 per cent. of the Company's issued ordinary
share capital.




This information is provided by RNS
The company news service from the London Stock Exchange

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