There is no more cash for Tim to milk off now the mysterious "investor in the Bahamas" has pulled the plug. Tim really needed that £550k to keep the gravy train on the rails. At the moment the company is trading whilst insolvent and will be suspended by 1 Apr, unless Tim can find some mug to pump more cash in for him to siphon off. With the bid price at nominal even the bucket shops, who would take a heavily discounted placing to flip on to mug punters, are not going to be interested
Everybody in UK, who is not a complete brainless moron, has seen through the Smart Win case scam.
Tim knew over a year ago that the day when TXO would no longer support him in the manner to which he had become accustomed was fast approaching which is why he set up CTFA as his new scam, but he was booted off the board and that is now suspended and is highly likely to be delisted in April. Will he be able to set up a new AIM scam? Tim Baldwin is to insolvency what Typhoid Mary was to Typhoid, there cannot be many people left in "the City" who are not aware of that. Maybe he will become a modern day UK criminal export to Oz and try his luck on ASX - I have been keeping an eye out for Bondy trying his luck on the AIM Casino. If things get really desperate Tim can always try his luck on the Pink Sheets, where he could get away with not filing accounts at all (why waste money that could be going into your own pocket on auditors?). I am sure Mad Malc will give him some tips on how to flog unregistered shares that are kept in a special trust fund for the lucky purchaser.
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