Feeds

Easier.co.uk on life support machine

Braindead dotcom fed mush through tubes

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

A British dotcom that helps people buy and sell property on the Web is about to slip into a coma.

The board of Easier.co.uk today announced that it intended to flog the company's business and non-cash assets in a bid to realise as much cash as possible for its shareholders.

Once completed, all that will be left is a cash shell, available for a reverse take-over by some other outfit.

Easier was established in November last year. It raised some £11.2 million in February 2000 when it was admitted to the Alternative Investment Market (AIM).

The Company's Net service enabled people to buy and sell homes without paying commission. Easier sought to generate its revenue by selling the details of those sellers and buyers to interested parties.

However, when it announced its maiden interim results in September the company said that while pre tax losses for the half-year were less that expected, revenue was below par.

The company's share value has fallen by almost 90 per cent this year.



Despite having a £30 billion debt problem BT just can't seem to stop spending cash. BTopenworld said today it had forked out $15 million for a 17 per cent stake in location-based information provider, wcities. The outfit currently has info on 230 cities around the world although this figure is set to rise to 400 by Spring next year. The info is going to help bolster the content for BTopenworld customers - especially for punters seeking stuff on the move. ®



Check out Cash Reg and make sure your company hasn't gone titsup.com

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.