Dear All,

Reuters today flagged FMDAY as being about to file accounts for the last financial year, just like nothing has happened...

This announcement appears to be automatically generated from last year's filings - it talks about Button Group prospects and alludes to revenue in the millions based on the 2007 filing.

This is flatly at odds with what we know is really going on - Button put into receivership by the bank, the e learning business sold off and Yorkville facing loses of tens of millions on their preference shares - the management not responding to the administrator's statutory inquiries, etc.

IMHO, this company is now in a regulatory black hole between the pinksheets in the USA and the UK supervision of the company as being based there - yet share trading can still go on without their listing being suspended - no information is released - and no action is taken by the regulators to prevent it.

At what point will something be done? I presume if no accounts are filed in the UK eventually someone might just send out a rude letter, but it seems to me that it is outrageous that a UK PLC can simply be left to die by the roadside like this without any action being taken about it or investors being informed about the true state of affairs.

Gorgeous George needs to watch his back - his name is still on the door and if the UK authorities wake up to what has happened, he could find some pretty nasty mail arriving in the new year that could tarnish his status in the EU for good.