Telnic's Yearly Accounts History...

...can be found neatly summarised at http://companydb.uk/03555437-telnic-limited#.V9AtDUInWlI

The next accounts are due on 27 September 2016 (20 days time), covering the period ending 27 December 2015.

The accounts at the link above, covering the previous period ending 31 December 2014, show for the first time Net Current Assets have gone NEGATIVE to the tune of £-156,336.

Total Net Worth is quoted at £2,976,131 thanks to Fixed Assets being recorded as £3,132,467 - no idea how realistic this "Fixed Assets" figure is given current circumstances !

For those who wonder why a period ending date of 31 December (2014) has lost 4 days to finish earlier at 27 December (2015) see http://www.teltalk.org/t1733-telnic-pulls-a-cunning-move#11006

I hope ICANN will read Telnic's new accounts due on 27 September 2016 when considering whether to renew their hold on the .Tel Registry - see http://www.teltalk.org/t4453-you-have-38-days-to-help-icann-decide-who-runs-tel-from-1-march-2017#15791

http://MikeSeaton.tel

PS. Telnic started off with $35,000,000 of shareholder funds - see  http://domainnamewire.com/2008/11/10/telnic-a-35-million-investment-gone-awry 

...can be found at http://companydb.uk/07471889-telnames-limited#.V9A-NkInVlI

The accounts for Telnames (a 100% owned subsidiary of Telnic) are also due on  27 September 2016 (20 days time), covering the period ending 27 December 2015.

The accounts at the link above, covering the previous Telnames period ending 31 December 2014,, show a NEGATIVE Net Worth of £-3,315,307.

Not sure what Telnic will do about this HUGE FINANCIAL LOSS at Telnames - given that the Telnames customers have now been sold off - see http://www.telnames.com

Surely ICANN must take notice of this excessive loss from a 100% owned subsidiary when considering the financial health of Telnic ?

http://MikeSeaton.tel