Proof of why Company Law Compliance is an essential aspect of Investing and fraud prevention
If only someone had checked that Quantexa had filed the required Allotment of Shares on time and not 6 months late... Why do we have a Department of Business and Trade in charge of Companies House whilst also being invested in Quantexa....... This now looks even more of a scam than originally thought. Five years later, Quantexa has still not filed the allotment return for its Series B shares and has been lying in every Confirmation Statement since then.. BUT..... it has finally filed its accounts for y/e 31 March 2023 and for the first time confirmed that the Funding Round was not all new money being raised by the company but 22+% was nothing to do with the Series E but was an amount being paid to existing Institutional shareholders (4 of the Albion Capital llp VCTs) who wanted to sell existing shares (and seemingly HSBC) if the latest Albion Prospectus is to be believed. There is nothing wrong with shareholders selling shares but no-one should mislead the public and the Prime Ministe