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.
It almost goes without saying that Trans African has again missed the deadline to repay the It almost goes without saying that Trans African has again missed the deadline to repay the £1 million it owes Zak Mir’s Lift Global Ventures (LFT). The cash was lent in early 2024 and was first due for repayment more than a year ago. But numerous revised deadlines have been missed and now the deadline has again been extended from today to January 31. As Trans has no cash and is insolvent to the tune of more than £4.5 million it will clearly never pay. Meanwhile the brown envelope man is working on his accounts or the year to June 30th.
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