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No.
I Emailed bolhassan a couple weeks ago.
It a disgrace of beyond epic proportions.
Anyone heard back from management over the past week?
Yes your right! FCA rules for main market listings are very similar in this case.
11:48 UPL is not AIM yet (hard to believe since SS days) :-)
@Kenny. AIM rules grant 6 months for a suspension although further extension can be granted. The Covid extended timescale on returning accounts is separate and only for 2 months. UPL used this up prior to suspension - see previous RNS.
If they don't get on with it and get the accounts out then this will be delisted. There are deadlines that have to be met to meet the listing conditions. I think there's a 3 month extension on accounts because of covid, so generally I think we are in the clear until 31st March.
Investor11 - ditto - tried to sell but as you say, no joy. Maybe tomorrow LOL!
Yes he is a director and as such has responsibility for signing off.......but what does he actually do?. what is he and others on the board actually directing.? be nice to know what direction UPl is going to, other than AIm and a placing which is inevitable .
Still do not know why it has taken them so long to identify a ''balance sheet'' issue . This must have been known about for previous financial years and does not seem to have impacted the accounts at that time. Makes me wonder what the directors were signing off on back then!
Not sure if any on here use Halifax Share Dealing but I logged in and UPL was valued at nearly 30p!!
Much to my disappointment it was still suspended from trading...
He's a director of the company so he and other directors are responsible for the publication of accounts and information within them.
I am still unsure as to what chris P does. I am pretty sure he is not in the finance team that is responsible for the accounts.
FYI I emailed all including bolhassan, and Chris Pitman has replied a few times. He said he is fully focused on getting accounts published and removing the suspension. I felt that if they had no intention he wouldn't have bothered responding. So still hope.
Ffs...
bolhassandi@gmail.com
bolhassan@uplandres.com
Email edit
bolhassan@gmail.com
bolhassan@uplandres.com
So it’s bolhassAn
Not bolhassEn
bolhassendi@gmail.com
bolhassen@uplandres.com
If u don’t get a response from either swap the .com for .con
Make some noise. Contact Bolhassen. Seek assurances this is coming back. If he thinks holders aren’t bothered, well, maybe, he won’t bother either
Where do we go from here...
Possibly :)
.......with preper packs rather than popcorn.
One to watch IMO.
SS knows the value of the ex BP assets and must be chuckling at the this inept BoD.
Cannot even get the accounts right as the Oil and Gas price has escalated in the last year.
Is it deliberate inaction so they can asset strip on the cheap?
Does someone have a cunning Plan that is about to unfurl?
C.
wonder if a former ceo now a predator may take a peek at the assets he built
08:26 Agree or worse!
Well there you have it. Total incompetence.