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Imagestate suspends trading pending “clarification of the company’s financial position.”

By Chris Ferrone April 11, 2006

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Imagestate has announced in a press release that it has suspended trading of its ordinary shares on AIM pending “clarification of the Company’s financial position.” Imagestate’s COO, Monica Hart, states: “Following discussions with its largest shareholder and principal provider of capital, the Directors of the Company have resolved to seek purchasers for all or part of the business.  There can be no certainty however that any offer will be forthcoming.” No mention was made in the press release about the current state of business operations however rumors are circulating that both London and New York offices have been closed since Monday April 10th when employees were sent home. Parties interested in possibly purchasing parts of the company are instructed to contact Ms. Hart at the company’s London office: by email at  or by telephone at ++ 44 (0) 20 7734 7344. Click here to view the original press release.

 

 

Related stories:

Sheldon Marshall Returns to Imagestate (May 19, 2006)

Imagestate claims business as usual (April 17, 2006)

Imagestate suspends trading pending “clarification of the company’s financial position.” (April 11, 2006)

Management changes at Imagestate (July 21, 2005)

 

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