Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

LiteBulb Group – Go Entertainment gone, though is it mega dilution or obliteration ahoy?

By Steve Moore

2 March 2016 05:10

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Branded product developer, LiteBulb Group (LBB) has announced it has completed the sale of its ‘Go Entertainment’ business to members of Go’s senior management team for the princely sum of £1 and reiterated that “the company's current cash position remains tight”. Is it therefore mega dilution or obliteration ahoy here? …

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Comments

Drunken Sailor

2 March 2016, 07:14

http://uk.advfn.com/stock-market/london/litebulb-grp-LBB/share-news/Litebulb-Group-Limited-Requisition-of-Extraordinar/70602016

Requisition of Extraordinary General Meeting

LiteBulb (AIM: LBB), the branded product developer, announces that it has received a request from Mr Nicholas Ponting, who holds approximately 12.4% of the issued share capital of the Company, to convene an extraordinary general meeting of the Company (the “EGM”). The EGM has been sought to propose resolutions to make a number of changes to the board of the Company, including the appointment of Mr Nicholas Ponting to the Board.

The Board notes that Mr Ponting has not provided any information with respect to his plan for dealing with the Company’s current financial position. The Company is consulting with its advisers with respect to the requisition to convene the EGM and the proposals put forward and a further announcement will be made in due course.

Nigel Wray owns 7% of this too I believe