Published on 1st May 2012
Trading in the shares of Cosalt, the cash-strapped Lincolnshire based company which provides life jackets and safety harnesses for the oil and gas industry, has been suspended as it has missed the deadline for publishing its annual results for 2011. At the moment the group is preoccupied with talks with its Chairman David Ross and the group's pension trustees about a long-term financing solution that will provide sufficient working capital for the company to carry on trading.