Quercus Seeks Cash, Cheetham Steps Down as Executive Chairman
Friday 14 Nov 2008 - company announcement

Quercus Publishing has announced that it is seeking approximately £1.64 million from shareholders in order to provide the company with additional working capital and strengthen its balance sheet.
In a statement Friday the company revealed that prevailing economic and stock market conditions have meant that it has been obliged to fund its recent development principally through loans provided by certain directors and by investor Pentland. The loans currently amount to £775,000.

To read the full Quercus statement link here.