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Quetzal Capital PLC - London-based investor - Pretax loss widens financial half-year that ended December 31 to GBP104,689 from GBP16,914 a year before, and from GBP68,804 in the full year that ended June 30. Loss per share widens to 0.10 pence from 0.08p. Net assets at December 31 total GBP3.1 million, swung from net liabilities of GBP57,346 a year before, but down slightly from GBP3.2 million at the end of financial 2021. Reports no revenue in any period.
"The results for this period reflect a period of target review and ultimately the identification of Tap Global in which the company has made a significant investment," Quetzal says.
Tap Global Ltd is a cryptocurrency exchange and app in which Quetzal subscribed for GBP1.5 million of secured convertible loan notes in December. Tap Global also signed a call option in favour of Quetzal, giving Quetzal the right to acquire 100% of Tap Global's share capital. The board is monitoring Tap's progress to make an informed decision about a potential reverse takeover in due course, Quetzal said.
Current stock price: 4.4 pence on Monday
12-month change: up from 0.85p in late 2020
By Elizabeth Winter; elizabethwinter@alliancenews.com
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