UK - ANGLE slams door on Braveheart

The board of ANGLE has been unwilling to comply with Braveheart's requests for access to its books before it receives a commitment from Braveheart that it will supply the appropriate level of funding it believes the ANGLE portfolio companies require.

In the past 18 months, ANGLE’s share price has fallen from 73p to 26p and its cash balances have reduced from £4.3m at 31 October 2006 to £0.9m at 30 April 2008.

Braveheart said in a statement that it could yet make a bid for ANGLE.