I must congratulate the board in proposing a solution that will allow a chance for STK to continue and possibly recover. I put forward the opinion in earlier blogs that the departure of the MD (Will Hirons) was critical to the survival of STK. According to the notice issued yesterday he will cease as an Executive of STK and take the loss making tracking business outside of STK. I was not sure it could be done, so all hats off to Simon Barrell the Chairman and FD for achieving a potential way forward, I suggest that all shareholders support the proposed restructing of STK as defined in the Notice. it was noted that I was well informed, yes my cousin was the source of my info and he knew the truth about STK from years working in the tracking industry. from my side our work of telling the truth about STK to the BBoards is done, now to I believe the predators will be after the tracking business customers, but that is business. So WH went from owner of a cottage industry to the paper millionaire of the PLC and now back down the snake to the start point. Pity in excess of £2 million of investor cash was lost during his time as MD, but that ia the risk you take as an investor in such companies. Good-bye to all, good luck Rayofhope is signing out
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Suretrack Monitoring plc engaged in the provision of security systems that enable both corporate and individuals to protect, track and recover their assets. The Company’s operations are run through IBP Limited. IBP Limited supply a range of products to its united kingdom and European clients that focus on deterring or reducing the incidence of robbery, primarily related to cash and protecting the client’s employees and customers from violent crime. On March 5, 2012, the Company sold the tracking device business. On March 5, 2012, the Company disposed Sure-Track Europe Limited. more »
