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I don't understand how the shares can be suspended and the rights issue allowed to continue until Bells situation is known - surely this must breach regulations? So if Bell does not or cannot fund (due to authorities freezing his funds) then it is likely we will all lose the extra monies we have put in to pay for the rights issue as well as the value of our deflated existing shares. Sounds like another gamble we have to potentially make without knowing anything about recent trading & income and not knowing whether Bell can even provide the funding in HIS proposal.
If you read the RNS sure it explains that scenario..but.... All Information from 2014 RNS statement has been removed from ultrasis site?
We put in for our allocation and extra shares £500,000 and Bell does not. Does that mean the £500,000 goes straight to Bell to repay part of the overdue loans he has already made to the company. And then bell takes out any other assets leaving the company high and dry?
You found him guilty lol....
I don't believe that at all.....if he gets the money the fraud squad may take it back ,would be great
Why do think the £250,000.00p he is investing in ultrasis shares, is his bonus from bell?
pity , he is waiting for his bonus from bell
It didn't say he left, I read a comment on another board, I asked the poster for verification, he failed to reply, he must be a troll...
Just received a call from my broker to ask if I still wanted to go ahead with the share offer and if I still wanted to go ahead with my additional shares request in light of the share suspension. Ive decided to go ahead with the share offer in principle although I think this will not progress and halted the additional offer for the time being.
how did you hear about js leaving no news on site also has anybody contacted the lse except me ???? repeat anybody going to meeting to speak we can get together prior to and have a drink to our money going into bells pocket after.....I still find it hard to believe nothing has been done to protect the company from bell and his mates
99.999% of our money down the pan, doom is history.....
The Board are all under Bell's direction. Money injected by Bell most likely dirty. The shares are worthless and will never recover. Stuffed. Rooted.
Agreed something should be done about that and probably will be, currently I believe sharesoc/sharedoc? are trying to press the authority,
Bluecoat you have until the 9th April to vote, it can be done, also total destruction is not the answer. Bequita. The BOD is only as good as their chairman, he's in the hands of the police, we can only do this as a single unit. It's make your mind up time Good luck.
With whatever reputation Bell had now in tatters they must surely distance themselves from him. Shareholders will be baying for his and their blood at the EGM.
I find it hard to trust board after history of notices...think they belong to bell !!!! if I am wrong why no trading updates on these contracts every other co gives trading updates
As my shares are in a nominee account I don't automatically get voting papers. Others must be in the same boat.
The BOD and,or, JS, if they are clean could be the answer.
I have a feeling that Ultrasis, with its sound products and contracts. can rise again. It is a matter of raising finance via shareholders. any honest members of the BOD, and some knowing company likeScreenetics. Let us all vote and hope and - CRY GOD FOR KING HARRY.
js stated on19 8 14 the company will be in profit 2015...4 3 14 js stated £8m contact over 3 years starting july 14 giving a profit of £200k per month.....either this is not true or they have lost the contracts or the whole issue is bell controlling his pocket director...I think the whole thing stinks....but to answer your question if the co is making a profit why does it need money outside start up costs and could raise it on the market if things r ok ...but that wont help bell would it !!!! I for one if I knew the trading position would back the further issue of shares as long as bells directors are shown the door
Vote and hope. Let's all do it.
louleb, bequia etc if enough shareholders to vote against the proposal how do you see the company surviving as the issue of operating capital remains? who will refinance? last we heard -and looking at the published accts- ULT was some way off profitability.
bell has 156 m shares voting for him which means we have to raise the profile of this problem and get more on our side and with only a few days to go cannot see it happening....is anyone going to the meeting ?????
Bell and Bod guess around 30/35%, unsure of the exact amount.
Discounting PB's shares how many do the directors own compared to us punters?