A Moment to Savour?

Regular readers will know all about the saga of Oxonica, the small university spin out that managed an IPO and then spent the following few years bogged down in legal battles while losing 95% of its value before finally delisting and scattering its executives to the four winds – presumably before they were ripped limb from limb by irate shareholders.

Yesterdays announcement that the only bit of the company that ever looked like making any money – before a dispute about royalties erupted – has been sold to the company that they spent two years and several million pounds fighting is particularly ironic.

There may be a tale of hubris, greed and huge egos behind this, one that will no doubt emerge in time.

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