Source - Alliance News

Craven House Capital PLC - London-based investor in the pharmaceutical and e-commerce sectors - Shares are suspended from trading on AIM in London on Monday, after Spark Advisory Partners Ltd resigns as the company’s nominated adviser. Under AIM listing rules, Craven House Capital must appoint a new nomad within a month, or its listing will be cancelled. The company says Spark resigned ‘as a result of the failure of the company to pay fees’ owed to Spark under the nomad agreement, without elaborating. Back in February, Craven House Capital reported having $28,000 in cash on November 30 last year. It had total assets of $648,000. The company’s pretax loss for the six months ended November 30 was $2,000, narrowed from $114,000 a year before.

Current stock price: $0.13 for $483,000 market capitalisation

12-month change: down 35%

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