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Last post: Bongobondhu, 21 Jan 2024 12:07
Lost here £86k
Its gone mate will never see lse again
Any news on this? Has the company been liquidated and wound up at this stage.
The indication is that there has been no progress in raising additional sums and now that Crypto has cooled off it seems less likely that there will a renaissance. The fact that some former directors were willing to walk away from the monies owed to them the portents don't look good. The company tried and failed to launch an ICO for the UBERTOKEN but it failed to sell in large enough amounts. The costs of launching a rights issue for an unlisted company aren't particularly attractive. As yet no major white knight has come along to replace the Aussie who previously offered to come up with AUS 250.000, and in the end, he only came up with AUS 50.000 so it's languishing.
Anyone know whats happening with this? Take it we not going to see anything here ever again and monies are lost.
Started: Bongobondhu, 11 Sep 2020 20:46
Last post: taxibabe-, 14 Mar 2021 12:47
There is no specific correlation between BTC and UBECOIN, even though, had it been trading, I suspect it would have drifted up. Nevertheless, there is a definite backdrop of bullishness towards crypto in general, although whether this enthusiasm has permeated itself to Australia, where UBE CORP is headquartered is not known? Even so, amongst the projects that are traded on the crypto exchanges, many are "early-stage ATLTS" and a lot more work needs to be done to get these schemes to be viable. Bitcoin will also need to develop its infrastructure, although its community is more established than most. Whether the current directors of UBECORP are entrepreneurial enough to get this UBECOIN project re-started is not however known, so we must await developments/fundraising efforts. Free trade barter however is looking a little dated right now and this will need to be revamped and re-launched with thousands of merchants before it can be a success. Let's wait and see.
bitcoin flying and ubecoin dying
where do you get your info from taxibabe are you in touch with the BOD's or major shareholders
The outlook for BTC/ETH and a select group of ALT/DEFI coins is indeed rosy but one must remember that there are thousands of ALT coins that never actually take off. Many of these languish on numerous exchanges with derisory volumes, and little interest until the exchanges themselves either have an "exit scam" or get hacked. For a coin to become popular it must have something unique. an active development team, and preferably, in today's increasingly hostile regulatory environment, not be a "privacy coin" Free Trade Barter/Ube coin did not have the market penetration, to become popular, although an alternative marketing strategy and improved tech it might work at some stage in the future. The game plan is to appeal to professional investors and get some backing at some stage for further marketing and development. Its hoped, that some of the legacy issues have been resolved, that the company can resurrect itself whilst the crypto theme remains popular and cash in on this opportunity. Good for the directors, good for the token holders, and good for the investors/and future investors.
With the uptake looking good going forward for bitcoin and any alternatives like ube its a shame it never got of the ground the investment they need is chump change to a investor with big pockets willing to take the risk so it makes me think there will never be any news even as a rto the red tape involved to make it so in the uk again will likely be a mind fff
Last post: Lordbryon, 10 Sep 2020 12:12
If you read up on Melissa Sturgess you will see she was here as a director and also a Executive Chairman for Ubecorp Ltd from what I have seen every company she has been involved in has been fck over by eiter her closing it or going private she is CEO of Ananda Development Plc if you take the time to research her you will she she is a cash and crab type this is what I fear what happened here this company like I have always said is dead unless there is a RTO...
Thanks for the info guy's, I will put this in the bottom draw bin along with some others.
Started: Bongobondhu, 5 Aug 2020 17:59
Last post: Taxibabe, 5 Aug 2020 22:48
No news on any front and no price indication for the underying asset UBE TOKENS. Seems to me that they tried last year to get a couple of ICO's away on a couple of small exchanges and failed, and since then talk of commercialisation and deals with other companies has died down. The basic problem is finding a NOMAD to list on the LSE is going to be difficult, and there is no appetite for Crypto companies on the ASX. The 50.000 dollars they got last year, has, I am sure, long since been spent. so I guess its dead.
this is dead and buried, I don't think this will ever come going to be relist, game over.
Last post: Lordbryon, 5 Aug 2020 17:09
No and with the rise of SPAC IPO's we are dead and buried and as i've always said unless we get a sniff of a rto were done
Anybody heard anything lately. Beton2?.
Last post: bennvb, 29 Apr 2020 22:20
Take it this is now dead or has a miracle happened?
In this current market nothing is happening anywhere. I have spoken to the former Chairman. He gave me nothing to cheer me up. I will follow up later next week.
I have the view that a miracle is needed in this current climate. As such I am viewing this in that manner and putting a line in the sand. I am going into protection mode for my family.
I am also trying to picture the new normal on the other side of this pandemic. This will be a costly exercise in life, in social values and economics. Whatever the cost, it will be borne by all and come as less disposable income. Which in turn is a lower standard of living. Luxuries will be fewer and or the appeal of overseas travel will be less.
This has been a sudden reality check for all. It will not just start up as if nothing happened. It will start slow and cautious and will have to grow organically.
How are we doing with any info on how things are progressing or not
Started: Bongobondhu, 22 Feb 2020 18:53
Last post: Lordbryon, 24 Feb 2020 09:30
Well like I have said in many messages all repeat it ..this share is dead unless investors invest and thus believe in it
It’s only other options are to keep it afloat on the bare bones minimum and have it ready for all that’s left and that is another RTO.
Unless the uk side are allowed to invest series cash it’s never going to re list
I have not given up yet although I am really concerned now. I should be meeting with the former chairman of UBE on Tuesday (he is a large shareholder in our salt deal and should attend). I will see what he has to offer.
beton2, thank you for your valuable information, recently I've sent an email to the company,regarding relist at the lse, but so far I haven't received any response from the company, I think they do not have any interest now,I've dreamed that the company will be relist here at the lse, and finally we share holder's will be able to see some gains. but I have to give up all my dreams now. any way thank you again for your valuable information from day 1 and up to now.
Started: Bongobondhu, 21 Feb 2020 18:23
Last post: beton2, 21 Feb 2020 22:19
The problem is that a prospectus that complies with the regulatory bodies costs money and that is more than what is needed to be raised.
can we still hope the company will be relist this year,if they're short of fund why don't they offer all share holder's a right Issue, this is the way they can raise fund, to relist the company, they now have all share holder's contact details, and only £128k needed, I think this amount can be raised from current shareholders.
Started: Bongobondhu, 20 Feb 2020 05:05
Last post: beton2, 21 Feb 2020 04:14
I will be blunt and straight to the point. The latest funding deal has fallen through due to conditions out of the company's control. Only $AUD50K was received. There is no hope for any more from that source. The business model is sound. All it needs is a targeted marketing campaign and it would be self funding to achieve the figures to re-list. That initial $250K promised would have done this in spades. So the company still needs $200-250K AUD or 128K GBP. The company cannot ask you for help. It has to spend double that to ask both the Australian and the British/EU shareholders and abide by the financial redtape. It can only ask "sophisticated investors" to put some funds in. It can, however accept funds from existing shareholders (there are over 1000 Nyota shareholders) that put their hands up and say "I have some funds and I want to buy more shares".
FYI When the Ubecoin deal came along, several factors prevented the company from including the UK shareholders, and a missed milestone prevented a roadshow to the UK brokers. At the time Ubecoin picked up a cornerstone investor that was going to invest more than enough to make the company successful and relist. On that basis I invested the shortfall to finalise the IRAE side of the deal. In spite of putting that cornerstone investor on the board, he did not make good his promise. Since then the whole business has struggled financially. The model is fully ready to roll out in a clear concise manner.
Only a small sum of money is needed in the scheme of things.
hopefully this year,probably augast/September if not end of year, the bod of directors wants to list as soon as possible.
Hi All,
My shares are still called "Nyota Minerals" but I've had the 1:50 consolidation with bonus shares @ 1:9779
Are we going to be back in business soon?!
Chris
Started: Bongobondhu, 15 Feb 2020 17:56
Last post: Bongobondhu, 15 Feb 2020 17:56
my understanding is, the rights issue has been completed, we private investors will not be offers, they have a investor who is providing 250k Australian dollars, and already paid the first tranche which is 50k ad that's the working capital for the company.
Started: citychap74, 12 Feb 2020 01:47
Last post: citychap74, 12 Feb 2020 01:47
There was mention of a rights issue in the 15 October 2019 communication?
https://ubecorp.com/
Started: Bongobondhu, 20 Jan 2020 16:37
Last post: bennvb, 2 Feb 2020 09:42
Anyone got any new information?
my nyo shares was with Jarvis investment, in last April Jarvis wrote to me that the company has cancelled depositary systems, so my shares cant be kept in isa account,in that case you will receive you're share certificate in your own name. so I've received in December together with CONSOLIDATION letter.all you have to do is phone HL and ask them about you're shares,if they do not respond, contact the company via their website.
Started: jackgone, 19 Jan 2020 23:22
Last post: jackgone, 19 Jan 2020 23:22
All my shares were removed from HL ISA and I received a consolidation letter from Comuptershare in Australia. Any idea how i can them sent back to the UK or better still, my HL account?
Started: Bongobondhu, 19 Dec 2019 15:27
Last post: passiton, 15 Jan 2020 18:26
Not looked in quite a while, anyone any idea if anything
ever became of the Aussie crypto Ubecoin thing???
Or did it just fade away during the long wait???
Strange
mine was kicked across accounts long ago, sat in isa labelled
no longer eligible for months, then one day logged in and it
had been switched, I did not ask and they did not make a
charge.
Mine Barclays and likewise IRAE
Never mind the tax , would be as another posters said, delighted
just to see something ,anything coming back, after all this time.
I would be over the moon to pay tax on this one :-)
I just checked my HL and originally in my ISA now in the Fund Account. So looks like if this does come good I will need to pay tax.
Looks like this will come good one day
Yes Barclays still show IRAE 130 million.....to be honest Barclays are a waste of space sometimes :-(
same for me. fingers crossed
Hi Terowno
Your efforts with Halifax have rewarded me. I now only have 55,000 in my Halifax account. Better than nowt !
Hi
After several phone calls to Halifax share dealing my Nyota/ Ubicoin shares are back in my account. I did have 2,000,000 but sadly now 40,000 however something is better than nothing. Lets hope they preform and make some money for us long suffering share holders. Happy New Year.
Started: Bongobondhu, 19 Dec 2019 13:22
Last post: NEEDCASH, 19 Dec 2019 13:32
forgive my stupidity but if they relist will they just appear back in my HL account?
I had the same with Jarvis. but recently I have my share certificate from the company, you should get yours by now.
is this actually making a comeback? i am still showing no shares in my HL account.
Started: Bongobondhu, 13 Dec 2019 17:19
Last post: Bongobondhu, 13 Dec 2019 17:19
hope not too long, they're working very hard to relist here at the lse, once relisted we can have some hope of big reward. I am excited that is going to be my biggest reward in 19 year's currier.
Started: Bongobondhu, 12 Dec 2019 17:57
Last post: passiton, 13 Dec 2019 13:54
Good to hear another of my long term bottom draw shares
still has some life in it thanks.
They are not worthless. They have potential. Red Tape has been the issue to date, and an investor that reneged on his agreement. The company was remodeled to suit Big Dish but being dual listed made too many hurdles (AUS red tape protecting shareholders). That made the company worthless. Shareholders went into denial. The UBE deal could not raise funds from shareholders because of UK red tape. Had shareholders stumped up $300K extra we would be listed now. That would have allowed the company to still have momentum without the non investor.
The company now has some money with more to come. It can start doing what it is supposed to do. Now we can see if they can perform. They are confident that they can and will relist. Do a little homework as to the value required to relist. You will find that there is an increase in the share value of the last traded price.
Yes seems they are in fact worthless.
These are worth nothing,nada,zilch,zip and will continue to be until the y re launch on AIM market.
There only hope is to get the finance there banking on to re list but if i am honest there only hope is another RTO Thant does not fail BIG DISH wanted this for a RTO but the current bunch of idiots that had the majority shares back in 2016 have /17 voted ti not let big dish do a share consolidation but in fairnes they wanted a massive haircut because of the amount of shares NYO have.
Dish listed on AIM on 2018 at around £1.90 and peaked at £9.20 in june 2019
If the bod and people that voted took the hit thats what this shore would have been worth righ now its woryh £1.40
Yeah I don't want to sound stupid but what are these worth? Anyone?
Started: Terowno, 13 Dec 2019 13:49
Last post: Terowno, 13 Dec 2019 13:49
Hi
Just for the record, Bigdish where at 1.9p not £1.90 then went up to 9.2p, still a healthy profit though.
Started: ho5e4u, 10 Dec 2019 11:37
Last post: uNkwnTrader, 12 Dec 2019 16:41
I have had a letter, are these even worth anything?
1/ 50 ....
Started: Bongobondhu, 6 Dec 2019 18:30
Last post: Bongobondhu, 6 Dec 2019 18:30
they have updated they're website on 5th December 19, all share holder will be receiving share certificate, and that commence from 25th November 19, so probably next week or week after you will receive yours. not to worry.
Started: bennvb, 2 Dec 2019 21:01
Last post: bennvb, 4 Dec 2019 11:49
No idea to be honest. I have have shares locked in HL and not heard anything.
how would my mate go getting his shares ? via computershare ?
We have just completed the reconstruction of the shareholdings and a new share certificate was processed on Friday and distributed to all shareholders.
We are actively working on the next phase being Free Trade Barter and merchant acquisition in the short term.
Started: citychap74, 9 Oct 2019 23:35
Last post: Terowno, 11 Oct 2019 11:17
Thanks for the update citychap74 much appreciated. So there is still a light on, that's good to know.
I received a reply from David on 11 September 2019
Hi xxxxx
We are in the process of a revision of strategy so that we can make a run on re listing late next year.
There will be a lot of hard work between now and then to develop the necessary revenue streams to accomplish this but we are working towards making this happen for all shareholders.
I appreciate your patience and do understand your position.
There will be further announcements shortly regarding the strategy and how we plan on achieving this.
Kind regards
David Wilmot
Managing Director