Market briefs: Digislide, Cellnet, Praemium

Digislide to settle debt with wind-up applicant; Cellnet summonsed in $1.2m recovery claim; Praemium adds Macquarie CMA to SMARTwrap service

Digislide responds to wind-up reports

Projection technology developer Digislide (ASX:DGI) has responded to media reports of a wind-up application lodged against it, stating that a compromise has already been reached.

The Adelaide Advertiser on Tuesday revealed that creditor Advanced Technology Solutions had applied to have Digislide wound up.

But the Digislide said it had already made arrangements to settle the debt, and expects that these arrangements will be concluded within the next few days.

Digislide said it would provide more information once it becomes available. After falling 10 per cent on Monday, DGI shares grew 7.14 per cent to $0.225 during Tuesday's trading.

Cellnet served with $1.2m recovery claim

Flash memory and mobile phone accessory distributor Cellnet has disclosed it has been served with a summons by the liquidators of Leading Solutions, seeking recovery of $1.2 million.

The liquidators claim that the funds were given to Cellnet as an unfair preference in the six months leading up to Leading Solutions entering administration in October 2009.

In a statement, Cellnet said it denies any liability under the claim, and that it planned to “vigorously defend it.” It also has a debtors insurance policy.

Cellnet shares grew 2.8 per cent in Tuesday's trading to $0.370.

Praemium announces Macquarie tie-up

Online financial services company Praemium (ASX:PPS) has revealed it has added the Macquarie Cash Management Account to its personal investment solution.

Praemium said the Macquarie deal is designed to help financial advisers use Praemium's recently launched SMARTwrap Investments, and was implemented after numerous requests from the industry.

PPS shares fell 2.17 per cent in Tuesday's trading to $0.225.

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