Guys

Agree with the comments and criticisms.

The solution IMHO is to make it personal on the directors of companies like Futuremedia. The only option for shareholders, without changes in legislation, is to consider a class action however creditors can file a complaint with the DTI in the UK. If there are enough complaints the DTI are obliged to investigate. Little comfort for the shareholders other than the satisfaction that the person gets what they deserve. I am both an investor and creditor with £85,000 outstanding for over 12 months, which to my knowledge was not included in the Button CVA .

With regards to the status of Spice, the Spice office was advising callers 2 weeks ago that it was going into administration and that they expected an Administrator to be appointed by the end of that week. Spice no longer answers calls and the Futuremedia office will not comment!!! This would suggest that Spice was a separate company. There is a smell - Question how did Spice avoid being subject to the CVAs of the parent and fellow subsidiary?

Assuming that an Administrator has been appointed – probably the same Mr Eric Wallis as for Futuremedia / Button (would be interested to hear what he has to say)!!!! – it will be some time before he files anything with Companies House. Their track record suggests that in the interim the company won’t make any filings or statement leaving an investigation as the only way forward.