The board of Patientline will gather at the troubled hospital telecoms group's headquarters in Slough for a general meeting. The meeting is a legal technicality - a result of the fact that net assets are now worth half the called-up share capital - but it will nevertheless be an embarrassing affair for the directors. Company law requires them to discuss with shareholders "what action, if any, should be taken to deal with this situation".
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Patientline's life in hands of banks - The Telegraph 10th January 2008
Thursday, January 10, 2008
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