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LONDON - Global Connectivity plc (AQSE:GCON) has secured a favorable court judgment in its ongoing effort to recover £375,000 from a former consultant, according to a company press release issued Wednesday.
The court has granted the connectivity technology investment firm permission to petition for the bankruptcy of Barry Hersh, a former consultant who allegedly failed to pay for 37,500,000 ordinary shares. This ruling allows the company to proceed to the next stage of its debt recovery process.
The court also ordered Hersh to pay Global Connectivity’s costs related to the hearing.
"We are looking forward to receiving the outstanding £375,000.00 which, for a business wanting to invest more in fast growing companies focused on connectivity technologies, is not an inconsequential amount," said Dr. Keith Harris, Executive Chairman of Global Connectivity, in the press release.
This judgment follows a series of previous announcements regarding the unpaid share capital, dating back to December 2024, with additional updates in January, February, and April 2025.
Global Connectivity describes itself as a company focused on strategic holdings in high-growth communication and connectivity technologies. The firm trades on the Aquis Stock Exchange under the ticker GCON.
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