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> So are you saying a letter of complaint from the Chairman of a PLC will result in no action and/or ignored by the FCA?
He'll probably get a courteous reply. I wouldn't expect anything else of substance. I expect that he already knows what would happen and he'll have either written or not written to them on the basis of that.
So are you saying a letter of complaint from the Chairman of a PLC will result in no action and/or ignored by the FCA? perhaps you are right, but he will never know unless he writes to them (which is exactly what he suggested shareholders should do in the interview to Proactive)
Why are you proposing that our CEO wastes his time on things that will have no impact? The FCA won't do anything so why suggest it. I want him to focus on making me wealthy, not wild goose chases to fix things that won't ever be fixed.
UJO portfolio now in the red, Aug last year was sat at 0.3 and was thinking this is going well, 6 months later sat on a paper loss, consolidation looming seems to be pushing price further down, get people averaging down their holdings but that only works if it goes up again, looks like another day slipping downward, trying to keep positive as have a decent chunk of shares but I invest to make a return and UJO isnt doing that currently, lets hope we dont keep slipping pre consolidation
Ref LEAKS---I think one of the problems here is that UJO has been one of the most attractive shares on AIM, huge potential in several different projects, This makes it a magnet for insider trading/leaks/ whatever underhand moves are possible---and as DB says, what am I supposed to do?? He has carried out a thorough investigation inside UJO, so, as said, the leaks are from outside, a beer in a pub with a guy from the broker and there you have it. Change the broker, change the PR, will it stop the leaks?? Who knows---whatever and wherever the leaks come from they are a complete pain in the backside and DB admits this--if UJO were not so attractive would there be the leaks??
OK Yep we all did, on paper, only real hammer if we decided to sell---my PF now looks ****e compared to a few months ago. I am still keeping faith that this will come good and NOT be like UKOG---heaven forbid Good luck anyway!
@try2buylow, how would you as CEO of UJO stop leaks from 3rd parties?
> Leaking is like an issue of organisational hygiene, a badge of poor internal control, which auditors often link with other risks.
Lots of impressive words there (everyone loves an audit!) but you miss my point. UJO cannot control the actions of 3rd parties. UJO can only look after their own "organisational hygiene". Are you saying that the source of leaks is UJO themselves? That's quite a brave claim if so.
not caught out at all--MATE!! Instead of spouting on here why not speak to DB yourself and then you can make your own mind up after speaking to a good honest CEO---few of them about, and fewer willing to speak to shareholders, who keep companies together! he has always said he is willing to speak to ANYONE as long as they are not abusive---give it a go--you maybe pleasantly surprised!
Ricardo - yes you can, some companies never leak and others the opposite with differences in culture, and governance environments to match. Leaking is like an issue of organisational hygiene, a badge of poor internal control, which auditors often link with other risks.
CROC--To make it clear--I did speak to DB early in New Year when he did say ATM a consolidation not on the cards, but if one was done then it would be done for GOOD reasons. Not spoken to him since, as no doubt he has many many things on his mind. It is not only my opinion but those of the REABOLD guys that they are/have been in talks with BIG BOYS and maybe in advanced stage---who knows--and because of the way those talks have developed a Consolidation was the way forward considering the enormous number of shares in issue. All conjecture at this stage, and I am sure/hope all talk at this stage are of the highest confidential nature. personally do not feel it fair to speak to DB ATM---he cannot/will not speak about anything that is of a confidential nature so no point, best to wait a little longer for all to come out in the wash. Exciting times ahead for all those who hold!!
Brocal, You posted on 1st Feb: "RE CONSOLIDATION---I know for a fact that ATM consolidation is not on UJO agenda--cannot say more!"
And now you are saying you spoke to DB a few weeks ago and he said they would only consolidate for GOOD reasons.
Were these 2 different conversations, or different interpretations (by you) of the same conversation (one after the event)? If these were different conversations, why the change of viewpoint in what seems such a short space of time? Doesn't really make sense tbh
I have stated many times that my prefernce would always be a share buy-back when income allows rather than consolidation.
Many continue to moan about Consolidation because of their previous experiences with duff companies?Well UJO is not duff. I spoke to DB a few weeks ago and asked about consolidation and he said they would only consolidate for GOOD reasons and so many companies had had to consolidate for BAD reasons. I trust him and believe UJO has moved on from that conversation i had with him the good reasons may well be that IF we are in talks with a BIG company they will not want to be dealing with a small company with millions of shares sloshing around. IMHO it is all part of the big plan to tighten up the way UJO is run in preparation for a merger/take over/ farm out or whatever it is going to be---I say IS as I genuinely believe we will either sell part of UJO or be part of a bigger company---whatever, although at present the sp is ****e i believe this is the lull before the storm of much better times As they say---WE SHALL SEE