Entu’s Latest Update Considers It’s Viabilty As a Going Concern

Bad news continues at Entu with significant deterioration in the businesses position, total shareholders liabilities now £15.7m. The Chairman states

“Appropriate bank support continues to remain in place whilst this process is completed [strategic review and going concern]. Based on the current level of interest, the Board hopes that the Group will be able to secure new long-term finance facilities.  However, should the Group’s banks withdraw their support or should the process fail to provide options that will stabilise the Group’s financial position, then the Group’s ability to continue as a going concern may be at risk. “

Shares continued their slide today. Read the full statement on the LSE website here…