Codex Acquisitions did not get off to the best start because its website was not working. The share price did go to a premium, but the bid/offer spread was 10p/20p so investors cannot sell at a profit, which is a reflection of the lack of liquidity in the shares. This is the latest shell to join the standard list before restrictions change and it would be too small to float.
The cash shell has effectively been set up by Codex Capital and most of the shares are owned by eight shareholders, in...
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