The process of Takeover of Timeload TLO (formerly) Scoot.com is in the final stages of completion by Coe ltd. a UK Leeds based company with some international business locations. It has completed a buyback of 2.2 million pounds worth of shares from former holders of Scoot/ Timeload and subject to Court Approval will float on AIM on 28 may 2003. The company is into Fibre Optic technology and Video networks, and has been involved amongst other things in contracts for London Congestion surveillance and charging.Following the buyback of a proportion of the shares they traded up 45% on 25 April, albeit only at a 1p offer closing price.
Does Anyone have any knowledge of Coe ltd. its management or its potential, could this be another penny share in the making and perhaps worth tucking away a modest amount as a speculative or even better a considered punt. Are those days back again?