Trading software firm EasyScreen last week asked shareholders to approve measures to raise additional funds to keep the company afloat.
The company called an extraordinary general meeting, scheduled for last Friday, telling shareholders that "on the directors' current projections, EasyScreen only has sufficient working capital to meet its needs in the immediate short term". The directors therefore sought shareholder permission to take on up to £5m in additional debt.
Shareholders were also called to discuss the company's falling value. From 30 May, EasyScreen's net assets had fallen to less than half of...