DAVICTUS PLC releases is financial results Link - Click Here
"LONDON (Alliance News) - daVictus PLC on Friday said it made a pretax loss in its first year since formation, as it plans to make its first acquisition by January 2017.
daVictus was set up in February 2015 in order to seek business opportunities in the food and beverage sector in Asia, and began trading on the London Main Market in January 2016.
In the period from formation to December 31, 2015, daVictus did not make any acquisitions and therefore made no revenue, but made a GBP221,220 pretax loss as the business prepares to commence operations.
daVictus said it has not yet formally identified any prospective targets, but has actively reviewed a number of potential opportunities and aims to make its first acquisition within 12 months of admission."
However, the Chairman of DAVICTUS PLC made damn sure he got his £200k loan paid back.
"On 15 April, 2016, the Company transferred the fund £200,000 to fully settle the loan which was novated to Abd Hadi Bin Abd Majid per an agreement dated 18 January 2016."
Quote from the AFR.
What ever happened to the day when Directors of a company put the interests of the shareholders and the success of the company first ... before running to take their own money back ... that should tell you something about the integrity of the Directors ...
Point to note - the Chairman ABD HADI BIN ABD MAJID for DAVICTUS PLC is also the Chairman for VCB Capital, remember that's the company William Du's listed "acquisition company" Vertu Capital Limited is considering buying ....
INVESTORS BE WARNED !!!
