Following the suspension of the shares on 26th Jan. has anyone any thoughts as to where this company is going?

Torex Retail under investigation by Serious Fraud Office UPDATE

LONDON (AFX) - The UK's Serious Fraud Office said that, along with the City of London Police, it has opened an investigation into Torex Retail PLC.

Searches have been conducted at two residential addresses in Oxfordshire and one in Warwickshire, said the SFO.

There have been no arrests, it added.

On Jan 26 trading in the company's shares on AIM was suspended at the company's request pending clarification of its financial situation. The firm said at that time that its full year 2006 results were likely to be 'significantly below' market expectations.

I'm peeed off with them as invested on strength of new contract wins, was under impression they were turning around, however operated stop loss and got out with 10% loss, so that's that. Would be a good short now though, no confidence in management after recent debacle, any retail slow down may affect bottom line. So I'd now go short and get some money back. Best to avoid if not already in.