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Media Corporation – Cessation of Business

Media Corporation – Cessation of Business One of the first “problem” companies that ShareSoc reported on (and got involved with to a limited extent, although it always appeared to be somewhat of a basket case) was Media Corporation (MDC). We first covered it in our June 2011 newsletter when the share price was about 1.5 pence. After various changes of strategy and management upheavals, the shares were suspended from AIM (not for the first time) in April at 0.095 pence, after much ...

RSM Tenon Pre-Pack: an odd connection

ShareSoc has made many representations in the past about the abusive use of pre-pack administrations. In the case of publicly listed companies, they usually mean the ordinary shares become instantly worthless. The latest case of a pre-pack in a listed company is that of RSM Tenon. This company (an accountancy practice oddly enough) got into difficulty by taking on excessive debt for a growth strategy. Baker Tilly were negotiating to buy the business for a rock bottom price. But yesterday it ...