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Glad to see you are softening your stance a little and at least considering the fact that there may still be alternatives to rescue this Co. This has been the basis of my posts on here----- to at least Consider an alternative and not be too narrow minded.in your approach. I may not be just as stupid as you would try to make out.------ As far as your statement about me having different nicknames and working the boards--- you are well out of order--- but its not about me so you think what you like
All will be revealed next week imo, certainly a long shot with Bell holding first charge on the company. One important factor, is the company returning to profit within 8 months, as Smith projected.
Woolworth I fear there are no funds and Smith hasn't a chance in hell of raising interest let alone a buyer. I sense the tank is running on empty. The books will reveal truth.
Will have first charge on the company, that will make it tricky for Smith to proceed, lets hope he gives him space to search for a lender unencumbered, although the past has been a problem, according RNS statement. Depends how much trading money remains, I guess next week we will know our investment fate.
Thanks Can-w, for the only straight answer that I got.
I cant imagine anything worse than a frozen Bells end.
We vent & rehash the obvious as duped shareholders. Off to bed & recon we all need to relax.
Woolworth so correct. Bell's funds are frozen & has not intention to fund even if he could. Bell's intent has backfired because of charges. Ultrasis & their manipulators are faced with stark reality. Still silent???? No money. No business. No future. Must be relaxed like screenetics jerk. Hang em all.
More accurately ---------------- Bell is unable to fund the company......assets froze????
Canary, watch out for two clowns working the board, multiple id's on BB's...pity they cant be removed from here. Reidy aka katy price aka 365 aka fca loads more - loser aka freedom aka winner.....probably more..
He is not funding the company louleb, think about it....
Reidy I think he likes the attention I cant see any other reason for his continual posting---Just give him the odd dig now and then it keeps him happy---Did you notice when he started deleting his posts on advfn------What was that all about
Hi Woolworth ,,why don't you go back on advn and ban a few more people for telling the truth about you,,,why have you been going on sites like styles and wood and slating pb. We know what he's done and he has been charged ,,your a very sad person,,anyone says the truth about You and you ban them
Yes
Do we know if PB is still charged with fraud etc?
Woolworth again you are spot on. Now when the BOD are forced to show books, debt, profit, loss the real picture will be shown. Ultrasis BOD are in Bell's control & have no source of funding. No Bell, no company, no future. Smith & flunkies stay silent? Why? Like Screenetics jerk relaxed?
Bell has advisers to help put deals together, the company is tied to him via loans. Any lender will put themselves in first line of financial recovery, how can that happen tied to Bell?
No point answering contempt, I stand by my right as investor to keep my vote alive. You really have no idea, wait for the next RNS, perhaps then you will realise the impossible task, retracted if I'm wrong....... The bod have to be seen trying to find alternative funding, I will be shocked if that happens, the company owes Bell Mils, who will lend on those terms, unless there is a way he can recover his money, if not forget it imo. Any lender will want pole position to recover their loan, just as Bell wanted with ultrasis, be their main banker with total vote rights, the company would become ouned by sole trader, money back first, as per a Bank.... This is how business works, main lender has company over barrel when lending money, default they recover the loan first, investors are treated as trash....
I'm convinced that Bell was an easy option that would have secured that the current BOD became rich quickly. Now that Bell is no longer an option then maybe they will start to look for genuine investors?
What happened to all the energy you had when trying to convince people PAB was not the way forward for this company? Now that he is gone you seem quite willing to accept the company is finished. Do you not have any alternative suggestions to put forward. Personally I live in hope the BOD have not given up yet-- no matter how futile that might be.
The end mate IMO....
This could be the making or breaking of Ultrasis for existing PIs.
Further to the announcement of 31 March and the suspension of trading in the Company's shares, the Board has now been informed that Mr Bell is no longer in a position to participate in the proposed Fundraising and therefore as a result the proposed Fundraising will not proceed. The Board is in discussions with various parties as it seeks to find alternative sources of funding. The Company has received valid acceptances in respect of 264,067 Open Offer Shares from Qualifying Shareholders in respect of the Open Offer. Given the Fundraising will not proceed, the amounts lodged with Capita pursuant to the Open Offer will be returned to Qualifying Shareholders as detailed in the Circular. Trading in the Company's shares remains suspended pending clarification of the Company's financial position
Woolworth cheers for your link ref: PB and 666bet. Seems charges haven't been withdrawn re laundering & fraud. So JS what's the go with Ultrasis? You out from your rock? When are you & your flunkies going to face the shareholders? You relaxed like some of your mouth pieces? Hang em all.