Enteq Technologies – hopefully our warnings, rather than its “advance our strategy to… build long-term value for our shareholders”, were heeded as it’s now “Appointment of Administrators”!…
Most recently on Enteq Technologies (NTQ), last week I wrote ‘intra-day “Conclusion of FSP, Corporate & Sale Process Update”. Uh Oh!’, concluding ‘it is also stated that “if at any time it is considered by the board that suitable funding cannot realistically be raised then the board will take the appropriate steps to seek to preserve value for creditors”. The key to note in that is “creditors” instead of even ‘stakeholders’ and let alone ‘shareholders’. With the conclusion of the Formal Sale Process also suggesting it’s going to be very good luck for current shareholders to eventually get anything from here, it’s a current share price further crashing towards 0.5p still bargepole/sell’. Hopefully at least that was heeded, after prior caution as far back as a 16p share price in 2016, as the company now announces “Appointment of Administrators”!
