Further to the announcement of 2 August 2004, the Board of Argonaut announces
that it has experienced further delays in signing certain major new development
contracts, which have resulted in the Company not obtaining the cash receipts
that it had been anticipating. In the absence of these development agreements
being immediately secured, the Group’s existing cash resources will provide
funding for only an extremely limited period and Argonaut may not be able to
continue to trade.[/quote:997bfa6636]
Not good news for those involved :(
‘We’ve’ heard a rumour that they’ve gone into administration and the doors are closing this afternoon. Apparently they’ll have to lose half their staff if they keep going.
*Ivan grumbles about not being @ awakenings04*
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