Electric Guitar confirmed on Tuesday that 3radical, previously its primary operating subsidiary, had entered creditors’ voluntary liquidation following shareholder and creditor approval on 23 December.
The AIM-traded firm said Christopher Errington and Paul Ellison of KRE Corporate Recovery were appointed as joint liquidators.
As a result of the liquidation, Electric Guitar was no longer controlling or conducting any trading business, activities, or assets, and was now classified as an AIM rule 15 cash shell.
Under AIM regulations, the company now needed to complete a reverse takeover or seek re-admission to AIM as an investing company within six months.
Failure to do so would result in the suspension of its shares from trading on…
