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Interactive Suspends Stocks

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PostPosted: Wed Aug 22, 2007 10:42 am    Post subject: Interactive Suspends Stocks Reply with quote


Interactive Gambling has temporarily suspended its rapidly-crashing stock this week, citing “pending clarity of its financial position”. Despite purchasing Heathorns two years ago and bookmaker Premier Bet last year, shareholders should expect the worst according to Rodney Hobson of Hemscott.com.

 

This is the second share suspension Interactive has sought in the past three months, with the first one coming in June as a result of delays in producing full year results.

 

Only two days ago, the company said that it had agreed an interim funding facility of 400,000 pounds, adding onto the 750,000 pounds it been lent by General Capital Venture Finance to be used towards capital expenses, which Interactive said would help find new directors for business development.



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