Distil plc's balance sheet

I first invested in Distil (DIS) about twenty-five years ago. It has never made money and has had to keep raising new capital just to stay alive.

One drawback when considering matters right now is that although the last published balance sheet shows tangible assets appreciably exceeding its current capitalisation of just £2.4m one just does not know what losses have occurred since and/or whether this tiny company has finally turned the corner.

I bought 20m last week at 0.14p and reckon that somebody should sort out its financial dilemma. After all, there is currently all the cost of regulation for a business that is far too small to take it on the chin.