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any thoughts on the update ?
Over 3 months since last update .
yawn
Nothing yet, waiting for the folk in South Africa to be back at their desks from Monday the 10th with news then
Hi any one seen any news on this dead duck
Compulsory strike off discontinued as of 14th Dec
Best case - sue in the small claims court. It is not too expensive and the FCA mat choose to ignore and settle.
any thoughts on what may happen here realistically - I'm with TW , I cant see it reading again ? Best / Worst case scenario's ?
FWIW—he is not many people's cup of tea and has unkind words
https://youtu.be/NNp3b_Iv1Gg?t=860
Lets take it and go pursue NFT's
https://find-and-update.company-information.service.gov.uk/company/11208220/filing-history
Compulsory strike-off gives us shareholders a window to cash out by end January '22
It’s been removed from mine too. Looks like a total loss baring a last minute miracle.
With the compulsory strike-off being announced on the 7th December - it allows for another two months to get the house in order - or not
Is this now dead? UHS have been removed from my HL account
another month passed , wonder where they are up to with FCA etc
If the Board is open to an offer to minor shareholders, there is an opportunity for a or a group of market makers to step in and roll up the smaller shareholders who could exit by taking the offer and allow investment capital to underwrite the UHS growth plans
Those were not huge buys and the media report out of South Africa of last week were grossly over inflated and sensationalist that really doesn't stand up to scrutiny off such a small base of shareholders and share trades.
Take a look at the trading of the other Health sector companies here and on AIM. UHS is a snip of a company and has done well to get listed despite the challenges which have been exacerbated by novice shareholders seeking the brass ring.
They have been forthcoming - taken a hit with some negative press and presented a go forward scenario that shows wisdom and strength.
The new UK based CFO is an excellent move. I know some folk here in Bath with international stock Xchange (mainly NASDAQ) that would consider this.
peronifund,
As I posted on the 2nd of June:
'Seriously - you guys think that the Market Makers sells 2 parcels of 360k shares and then drop the Ask by 50%?'
They clearly were not buys.
looks like we've been scammed , but what were the huge buys about ?????
Not sure how anybody thinks there is a pulse let here... Choice quotes:
The Board of Directors announce that a Company director, Mr. Gert Viljoen, was arrested in the Republic of South Africa and has been released on bail. Although charges have not yet been formally put to him, the allegations appear to relate to over-the-counter sale of Umuthi shares, transactions over which the Company and Mr. Viljoen had no control or involvement.
A further update will be issued in due course.
In addition, a consultant to the Company, Connie van Nieuwkerk was arrested as part of the same allegation of over-the-counter sales of Umuthi shares. Ms van Nieuwkerk had no operational role at the Company. As a result of the arrest the Company has terminated forthwith the consultancy agreement with Ms van Nieuwkerk.
Trading Update
The effect of the COVID pandemic and various lockdowns has hampered the Company's ability to expand operations and advance supply arrangements in the initial planned timelines. As a result targets have not been achieved for the current Financial period.
Going Concern
Management is working on securing financing from shareholders and remain confident of the viability of the Company with their continued support.
The Board of Directors would like to highlight that as a result uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern without shareholders continued support.
Very weak, but some positives
Good to see that UHS is getting itself organised, although we could do with an update on https://umuthiplc.com/short-term-activities/ or a simple RNS from Phillip van Huyssteen or Gerhardus Viljoen.
I’ve already written this one off. Thankfully I only held a nominal amount.
FCA fcked up the due diligence, return the money to retail investors??
Or just a worthless empty shell ? No oysters on this one. It is a disgrace that no news has been releaesed by the Company regarding the progress of the FCA investigation. They obviously want to see what has realy happened as the F.C.A. allowed this Company to list in the first place.