Small caps round-up: Rock Solid, ValiRx, InternetQ, Quindell
Rock Solid Images, an oil equipment, services and distribution firm, has received an offer from Thalassa Holdings to acquire up to 25.89 per cent of the company for 0.48p per share in cash. Rock Solid is concerned that Thalassa has provided no evidence that they will bring any "added economic or industrial assistance to the business in the next phase of the company's development". With regards to their own shareholdings, the directors do no propose to take up the offer.
Rock Solid Images, an oil equipment, services and distribution firm, has received an offer from Thalassa Holdings to acquire up to 25.89 per cent of the company for 0.48p per share in cash. Rock Solid is concerned that Thalassa has provided no evidence that they will bring any "added economic or industrial assistance to the business in the next phase of the company's development". With regards to their own shareholdings, the directors do no propose to take up the offer.
ValiRx, an AIM-quoted life science company, has conditionally raised £0.9m (before fees and expenses) following a placing of 200m new ordinary shares at a price of 0.45p per share. The proceeds will be used to further along a number of drug trials and expand its intellectual property portfolio and value. Six of the directors purchased a total of more than 10m of the shares.
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