ROS
S WILLIAMS - Aug. '24 was the end of an era. Venntro Media Group, my 21-year venture, was placed into administration. This decision was difficult, coming after years of navigating an ever-changing industry and mounting challenges that ultimately proved insurmountable. We overextended, stalled, and couldn't recover. Venntro, at peak, employed nearly 200, with revenues of almost $50m/yr, and EBITDA of nearly $8m, all bootstrapped. I want to deeply apologize to our shareholders, staff, and creditors who have been affected. In the final months, I injected all my personal funds into the company. Just under £200,000. My wife used up her savings to support payroll in the final month. I was irrationally optimistic, and when the tide turned, it turned quickly. The assets and operations of Venntro have been acquired by another company that I will continue to support.