Clive would not be trying to go public unless he thought he could use the cash", indicating that the postponement of an offering whose timing would have been planned for optimal effect would be a setback for the company. On 28 May 1985, Sinclair Research had announced it wanted to raise an extra £10m to £15m to restructure the organisation. Given the loss of confidence in the company, the money proved hard to find. In June 1985, business magnate Robert Maxwell announced a takeover of Sinclair Research, through Hollis Brothers, a subsidiary of his Pergamon Press. However, the deal was aborted in August 1985. The future of Sinclair Research remained uncertain until 7 April 1986, when the company sold its entire computer product range, and the "Sinclair" brand name, to Amstrad for £5 million. The deal did not include the company itself, only its name and products. Spin-offs Sinclair Research was reduced to an R&D business and a holding company, with shareholdings in several new "spin-off" companies formed to exploit technologies developed by the main company. These included Anamartic Ltd (wafer-scale integration), Shaye Communications Ltd (CT2 mobile telephony) and Cambridge Computer Ltd (Z88 portable computer and satellite television receivers). Return to invention Since 1986, the company has continued to exist, but in a completely different form. In 1993, 1994 and 1995 Sinclair made continuing losses on decreasing turnover. Investors became worried that Clive Sinclair himself was using his own personal wealth to fund his inventions. By 1990 the company's entire staff had been reduced to just Sinclair himself, a salesman/administrator, and an R&D employee. By 1997 only Sinclair himself was working at his company. In 1992, the "Zike" electric bicycle was released, Sinclair's second attempt at changing people's means of transport. It had a maximum speed of , and was only available by mail order. Much like the C5, the "Zike" was a commercial failure, and sold only 2,000 units. In 1999 Sinclair released the world's smallest radio, in the form of the "Z1 Micro AM Radio". In 2003, the Sinclair "ZA20 Wheelchair Drive Unit" was introduced, designed and manufactured in conjunction with Hong Kong's Daka Designs, a partnership which also led to the SeaDoo Sea Scooter underwater propulsion unit. July 2006 saw the release of the A-bike, a folding bicycle invented by Sinclair, which was on sale for £200. It had been originally announced two years previously. In November