An affidavit from John Healy, the liquidator appointed to Altada, claims a secret ‘board meeting’ was held at the AI company to discuss a €500k emergency loan, which shareholders weren’t told about for two months.
On the morning of Friday September 9 last year, an “extraordinary” series of events are alleged to have occurred at board level in Altada, the Cork-based tech firm.
At 9.15am that morning, a board meeting of the AI-focused company is alleged to have taken place that was attended by Allan Beechinor, the co-chief executive and founder, Martin O’Brien, the company’s chief financial officer, and Alan Merriman, the founder of investment fund Elkstone, which was a ...
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Altada lost average of €867,000 a month in first half of 2022Altada lost average of €867,000 a month in first half of 2022 via IrishTimesBiz
Read more »
Small plane crashes in Philippines with four people on boardA small plane with four people on board has crashed in central Philippines, with rescuers searching for survivors
Read more »
John Maguire: Little to marvel over in latest wannabe blockbusterThe third film in the Ant-Man trilogy from director Peyton Reed demands nothing from the accomplished cast other than size mutability and a talent for staring at green screens, writes John Maguire JMaguireCritic
Read more »
John Magnier and the battle over one of Britain’s national treasuresJohn Magnier and the battle over one of Britain’s national treasures via IrishTimesBiz
Read more »
John Gibbons: Is it any wonder graduates are turning their backs on the fossil fuel industry?'Today, Shell is making more money than ever selling planet-destroying fossil fuels. And this industry wonders why it has a credibility and recruitment problem.' ✍️ John Gibbons (think_or_swim)
Read more »