There should be news about potential standard list shell Insight Business Support during this week. The strategy is to acquire a company in the support services sector.
The offer for subscription was set to close at the end of last week. Insight wanted to raise up to £1.5m at 2p a share, with a minimum subscription level of £700,000. This is not an easy time to raise cash, though.
The offer was extended from 19 March to 26 March. The plan was for the shares to start trading on 2 April.
The financial adviser is The Share Republic.com Ltd, which is authorised by the FCA. It is headed by...
