Hi, Can anyone shed any light on this rumour, someone has stated there is an
article in the express about takeover?

Assuming the Kamera acquisition goes through (paper acquisition valuing Kamera at 2.5m) then market cap will be about 12.5m. Completion date for the Kamera acquisition is 9 January.

VTB has been incredibly active both in acquisitions and fund raising.
Acquired Unit.Net in July 2003
Raised 687,000 early in October at 2.25p
Raised another 1.1m in November @ 4p
Made offer for Kamera, Swedish co., in November.
Er, still hasn't made any profits...