So where was Smith getting the money to invest? Dirty money through Bell? We have been done over by dishonesty and lies. Hope they are all charged and prosecuted.
Ultrasis in the sewer
When are we going to wake up and realise we have been done over by Ultrasis.The shares are worthless and the Board are silent. Guess they are as culpable as Bell. All investors have done their money and the company is busted. Why is Smith silent?
I don't understand how the shares can be suspended and the rights issue allowed to continue until Bells situation is known - surely this must breach regulations? So if Bell does not or cannot fund (due to authorities freezing his funds) then it is likely we will all lose the extra monies we have put in to pay for the rights issue as well as the value of our deflated existing shares. Sounds like another gamble we have to potentially make without knowing anything about recent trading & income and not knowing whether Bell can even provide the funding in HIS proposal.
RE: what if...
If you read the RNS sure it explains that scenario..but.... All Information from 2014 RNS statement has been removed from ultrasis site?
We put in for our allocation and extra shares £500,000 and Bell does not. Does that mean the £500,000 goes straight to Bell to repay part of the overdue loans he has already made to the company. And then bell takes out any other assets leaving the company high and dry?
RE: Woolworth and Co
Hi, You should be able to vote, log into your nominee account under accounts menu and there should be a notice for corporate actions, this will allow you to vote or take up any offer etc
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