We don’t get it right all the time and Screen Technology, a Cambridgeshire based company that we were particularly fond of back in early 2008 is absolutely on the brink of collapse now.
Yesterday its shares on AIM were suspended at the request of the company “pending clarification of the company’s financial position”
As we wrote in our post ‘HOT or NOT – The Companies We Told You To Watch In 2008‘ these folks burned through almost UK PDS 10 million of investors money with ABSOLUTELY nothing at the end to show for it of note.
They have already once been in voluntary administration (CVA) to seek protection from their creditors and raised a little bit of money from some Russians to get out of that.
What once was an exciting piece of technology let down by lack of marketing and vision and speed to market.