ONE MORE THING:ONE51 shareholders might have lost their shirts on their investment in the company but they've retained a sense of humour, albeit of the gallows variety.
At the end of a stormy agm last week in Dublin’s Conrad Hotel, one shareholder who had previously sold a business to One51 approached the directors at the top table and suggested a name change for the group.
The shareholder proposed that a “G” should be placed in front of the name and the numbers removed from the tail.
So the new name would be Gone.
LATESTaccounts for John Nagle's payments technology business Zapa Technology Ltd show it made a loss of €2.3 million in 2009, its first year of trading. It had net liabilities of €1.3 million at end of December 2009.
The accounts also show that an investment of just more than €2 million was made in the business in August 2010, while an additional €420,000 was raised in loan notes in July of last year.
Zapa is backed by Delta Partners, the venture capital group.
“The board are satisfied that the company will have sufficient resources to meet ongoing obligations based on the funding received post year end,” the directors’ report states.
