Optare recently floated on Aim via a reverse takeover of Darwen Group (DHP) and a namechange (Optare being bigger and more established).

Website www.optare.com

I've chosen to refer to hybrids in the header because the emphasis will be on developing and marketing low-emission electric-diesel hybrid buses and coaches. At present Optare vehicles are predominantly diesel.

Collapse..!

Recent Ann.

This similar activity needs investigating.
IMHO - a slight is being undertaken to circumvent the limits on sell shares cheaply - so more Hangers-on will be pushing pieces of paper about - in effect getting round the Rules...

That an investment represents 75% of new issued share-capital should be a worry enough - this is now practically a Private Company with Dumb Retail-Shareholders holding expensive certificated - valued by taking Dir-plans at face.

You'd think that in the face of a decent order they could secure Funding to build the buses without selling the Company. That used to be the function of Merchant banks... wasn't it?
This latest twist is just part of a pattern - see Feb2011 posts -
Good darn luck to all who propped up this leaker.

EDIT (13Jan2012)....Grief now 0,28p that's mighty weak.....what OPE needs is CONsolidation maybe 1000:1 and new Directors.
EDIT ( ....) Make that New Directors, then a CONsolidation.