Accounting fudge | Derisory offers
The latest news from AIM covered here features another low-ball offer for an AIM company (to add to numerous others). Updates elsewhere include encouraging news from a construction materials distributor and a mixed update from one company where the accounting treatment needs some explaining – we have done our best below.
Kape shareholders receive another derisory offer.
Shareholders in Kape Technologies (AIM:KAPE), the digital security software provider, are pondering over another derisory offer from the company’s main shareholder Unikmind Holdings.
Isle of Man incorporated Unikmind, which is wholly-owned by Teddy Sagi, controls approximately 54.8% of shares.
The current offer price of 285p per share is a modest 11% premium to the share price last week and only 7.5% up on the share price back…
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