QVL have entered inti j/v with inventors of original laser technology. these guys raised GB11.5 mil in UK earlier this year and listed on AIM. Yje j/v is ti see if there is any salvagable technology out of the old company. These guys were shafted by the previous management.
Anyway, Ascent have made it a practice of keeping a previous business in place so they don't have to consilidate. They issue lots of cheap shares to themselves and there supporters and look for a suitable business.
QVL is in this position now, with cah in the bank and no liabilities to speak of.
The chances of them finding another business is quite high considering their previous successes and there is no way they are going through.
