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If found guilty? imo we are finished either way, especially if the public sector get wind of this.... Bottom line if the PS contracts are valuable as stated? someone will put the money up, investors have no idea since last July. Company returning to profit should attract funding, BUT is it?
I find it difficult to remain quiet relax after. Plan put together by an ex stockbroker with advisers and legal team. Bod with inside information company advisers and legal team. Plan to take away our only right of vote, private investors become minority holders, we have no legal or advisory team to help. My money has been sifted away. Try and take the company after plan for ziltch. Request that I give up my remaining right of vote. Make it possible take over under those conditions, dodge aim rule. Help one person regain all their money. Remain with virtually no money or say in the company, vote gone if the plan is successful. End with massive dilution of my holdings, little money, loss of all rights as a private investor.
Please, steady down lads, stay real. Happy Easter everyone.
Those are the facts unfortunately..... Not what I want to hear, but there it is.
methinks you try too hard to push your point----not healthy
F......If successful, we lose our only right as pi's,,,Majority VOTE. Company spend money buying companies it can ill afford, only proof of income is Screenetics, put the company funds under strain and investors at greater risk. Are we to believe PB is prepared to lose existing invested money. Why did the company have 4 weeks trading money several months ago. How would retraction of recent RNS statement effect the shareprice. Why did 666bet implicate him over themselves. How many shares would need listing on recovered share price 1p or above. Business is business to some, investors are the last in line. A lender will often recover their money. Investors often get wiped out. Investors only have power vote power. Major investors have inside knowledge of trading when a high percentage holder. Major investors and the bod have advisers and a legal team. Pi's have their vote, that will lost if resolutions are passed and we lose our Majority. Who is the main beneficiary of the current plan. If passed what happens if shorters move in and that is a likely scenario IMO. Are we expected to give up our only right, allow the company to be taken over at today's price, rather than the going rate, based on holdings and aim rule. JS PB expect investors agree to waiver, give away all our rights.
Ultrasis require extra funding so major shareholder PAB agrees a loan package-- Scenario ( 1 )company overdraw on this agreement due to cash flow/ overtrading problem-----PAB says no problem chaps plenty more where that came from help yourself---shares go up --Happy days---- scenario ( 2 ) company overdraw on the agreement--- PAB (being a business man and not a charity) says HOLD on a minute my money is being put at risk here IF the company is worth investing more money in I will provide but I want control of the situation so I want to delist. PAB for whatever reason changes his mind about delisting but still wants control over his money so comes up with the present plan . What is the most likely scenario ?
This fix isn't part of the plan, losing our majority vote is. Part of it or not, it will end that way...
Resolve current issues. 1 retract delist threat, completely remove it. 2 remove uncertainty. 3 fund the company. 4 the shareprice gradually recovers. 5 bod post income from July 14. 6 announce accurate contract news. 7 investors happy (ALL INCL BELL) seeing their value return. 8 raise money at higher shareprice reduce the need to create massive dilution. 9 THIS HASN'T BEEN DONE WHY????????????????????????????????????????????????? Alternative... Hindsight, take the 'greedy' route extract maximum from investors' end with shot in the foot after the company is raised to its knees. IMHO.!!
always posting negative---you will also be aware of the 155,856,308 shares voting Yes as posted in the circular . ----The board have looked into other methods of finance but appear to favour the proposed package. If somebody can come up with a better proposal ( a realistic one ) Im sure they and other investors would be interested Lots of posts on here accusing Named individuals of fraudulent dealings I bet they are taking note . Poorly managed dealings need not necessarily be fraudulent dealings.
I do believe that you and I are on the same side, it is not east to keep your eye on the moving shadows of devious people. Good luck to everyone.
Thanks for the reminder to vote rather than give up, as I have, very good point worthy of another mention.... No baring on any ones vote, but I'm currently aware of 32 million shares saying NO, of course its up to the individual whether they retain their majority vote, or not saying yes. Do you understand my reply to your previous post, sorry if I wasn't clear, at least I know what I mean, I think lol...
Your posting is very cryptic Woolworth, I don't understand it. Call me dim but please explain.
Think I have.... good answer..................... thanks. Signed by woolworth and Co gone bust, as normal, the main money lenders got all their money back, while investors lost ALL...including shirt and pants :)
All we have is a vote, not voting is giving up.
Wouldn't advice anyone to vote either way. But investors currently lost most of their money. If Bells and JS plan is successful, they want us to lose our vote, pi's will have minority holdings, after dilution and John Smiths purchase of £250k - at today's share price. Will leave pi's with no say in the future, lets face facts most of our money has gone. Why did the bod buy so many companies and put us in this financial mess, beggars belief....!!!
agree 100% with Woolworth no more of my money is going into this until either the directors go or we have full imfo
My opinion is, you vote against everything, don't take up the offer, save your funds for when the dust settles, and hope for a freeze on Ultrasis in its present form, from some protective body, IE, the Stock Exchange, then contribute to a cash-call from a clean BOD. Ultrasis can rise again it's a matter of protecting its contracts and raising clean money . "once more into the breach......Cry God for Harry and St George"
delist threat had been retracted the sp would have held up, there would be no need to sell so many shares to raise money and create further massive dilution, pi's smashed with big financial loss.
Dhthomson ----As it stands the proposed refinancing offer is the only thing on the table as far as I am aware Of course pi s would like a better deal which increased share value and left us with better control over our destiny but other than ----Lets vote against all proposals and keep our fingers crossed that something turns up---- advocated by a lot of posters on here what alternative is there. A lot of unfounded allegations against Bod are posted on here I wonder why . Be wary of posters on here who try to start unfounded rumour,s with no factual evidence attached Nobody knows for sure what the outcome will be . Make your own decision but you haven't lost anything if you don't sell for less than you bought.
Interesting that the Finance Director and Bell both have connections to WH Ireland: http://www.investorease.com/company.php?disp=major&epic=DRV&holder=Paul%20Anthony%20Bell
I'm new to this game and could do with a little help. I have 4M shares which I accept are as good as lost, but what should I vote? Not in a position to make an educational guess but keen to fight and salvage something If at all possible. Can we get a freeze on this so we have more time? If numbers are important and we have a strategic plan I'll back it
Have things got so bad since the following was posted? Check out the profile of kevin hillocks the md of screenetics ---"on target to acheive phenomenal growth 2014/15" https://touch.www.linkedin.com/?sessionid=8711608871460967&as=false&rs=false&can=https%3A%2F%2Fwww%2Elinkedin%2Ecom%2Fpub%2Fdiarmuid-o-donnell%2F73%2F3a2%2F820#profile-background-detail/234290741/name:xAQQ/
market.abuse@fca.org.uk