Trading is bad, its CEO has resigned and Salvobyte wants a provisional winding-up order.

JOHANNESBURG - Hotel and leisure group, Queensgate (JSE:QHL) has had a rough two weeks. First it released a horrible trading statement stating it had swung to a loss after a tough trading environment and the loss of leases, than its CEO, Andrew Hubbard, who dumped R8m of shares since the end of 2009 resigned, its website is not functional (see image) and now Salvobyte has applied for a provisional winding-up order for the sum of R210 081. 

Can things get any worse? I guess we will find out when it opposes the application for a provisional winding-up order on March 19 at the Western Cape High Court.

The share price is currently trading at 1c, it reached a high of 35c on April 20 2009.

Intraday

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