Member Info for Jackastory

Unless over 1% and make a trade then people have to disclose by 3:30pm the following day. If no trading then yeah looks like 10 days.

Forget TR1 disclosures. Where are all the 1% disclosures under rule 8.3 of UK Takeover code which UPL now falls under?

I like that the UPL chat boards are so quiet. It’s one of those stocks that is just writing its own story and investors are very comfortable watching it unfold. Well done Upland for consistent progress and Sarawak for opening the door.

Yeah could be TR1 if all one holder. Guess we’ll see….

Actually, I haven’t missed anything. On 26th oct management dropped out of cap raise due to lots of external interest so they haven’t exercised any of those warrants

Good spot. I missed this bit on my table of holdings

As part of the Placing and Subscription, Bolhassan Di ,Chairman, has subscribed for 12,000,000 shares in the placement with 6,000,000 warrants and two PDMRs have subscribed for 8,000,000 shares in aggregate with 4,000,000 warrants."

So we should have some PMDR notices incoming and probably not a TR1 depending on where the rest of warrants went to

Anyone interested in E&P should have some shares in this company. It’s by far the most exciting smallcap E&P and has sat under everyone’s radar for so long due to poor pre-Sarawak plays. It has now very much found it’s route to success

That’s basically all the first lot of warrants exercised in one go. If that was all one investor then expect a TR1 major shareholding notice over next couple of days as that’s over 5% of issued shares.

Loving the drilling update. Busy busy….

Not much more to say I don’t think . Ducks have all been lined up. Just waiting for the shots to be fired.

In case of interest. These are the main shareholders ‘fully diluted’ from available info that I can find. ( options / warrants inc. as all in money. )

Plenty of director alignment - 30%+ of shares held in solid hands.

MNB Zakaria. (Former chairman). 125,674,475 (8.54%)

Bolhassan (CEO) 92,759,622 (6.31%)

Tune Assets (T Fernandez etc) 74,579,604 (5.07%)

Aimi Nasharuddin (PMDR) 32,730,770 (2.23%)

John Forrest (PMDR) 28,812,499 (1.96%)

Gerrard Murray (PMDR) 28,412,499 (1.93%)

Dixon Wong (PMDR) 18,000,000 (1.22%)

Andrew Hurst (PMDR) 12,500,000 (0.85%)

Haven’t included Big oil Sarawak (1.54%) or Leigh Allen (3.31%) or Optiva (3.84%) as no visibility as to if they’ve sold any/all

Shares have consolidated beautifully from traders to investors over the last month. This is so ready to fly on a sniff of everything management have teased being delivered.

So if they haven’t been selling shares (which we do not know) based on the 26 July RNS where they bought 1,333,333 shs and that they must have taken 13,777,776 shares in Feb placing to get these 6,888,888 warrants. Big oil ‘could’ hold 21,999,997 shs or 2% of undiluted currently

If you believe the story here- Low volume summer days with a keen seller out there has/is providing an excellent opportunity to increase position that imo will not last long.

Agree it’s frustrating but the opportunity for people to buy in at a low valuation due to the sensible risk management of the 0.6p placees makes investors now lucky.

A bit of patience as this risk churns into new investor hands and the story unfolds is needed. Watching this company achieve in Sarawak what it has been patiently waiting on and the ducks slowly align here over last year has been incredible to watch. After 5 years of messing around in North Sea and Tunisia it has finally found its company making path.

Good luck all

They will need to strike oil for that market cap

Lovely controlled run up to the weekend after that horrible Tuesday show

The opposite. There was no scrapping around for cheap shares yday. A large holder completely overwhelmed the mm’s by dumping. What’s actually impressive is that they have been absorbed by market so quickly. That was nearly 5% of company fire saled. Normal dynamics resumed today though by looks of it and hopefully some new investors have been able to get positioned for the Sarawak newsflow

Yesterday’s lumpy auction probably cleared most of the stock Mm’s were sitting on. Sitting on stock is a risk for them so they want to be flat at end of day if possible. They make most of their money from bid/offer not crazy market moves that’s actually unhelpful to them. Probs some traders who got this wrong to clear out and then we can get back to a market based on ever improving fundamentals. Do some research on this company its directors and major shareholders and the asset they have in Sarawak. The story is just beginning here

I think the seller was done before 3pm. The MM’s then have to balance their books by getting any stock off that they took in from said seller. If the buyers over last few days are investors over traders then this should strengthen quickly as further demand comes in

A large holder indiscriminately dumped their shares without any care into the liquidity. The liquidity wasn’t enough to absorb said shares and the price was driven down to where buyers would buy or market makers would take on their books. Strangely amateur for a large holder but presumably they had a reason

Has no affect on future . This company is all about Sarawak/Brunei and those in charge are super connected therein

Such a shame an overdue rerate was scuppered in that manner. If you look at the 1mn and couple of 1.5mn trades all delay reported by 1 hr it was actually bang on 50mn over 40 mins. I suspect one of the placees just wanted out for any number of reasons or they have done it to exercise and get a free ride on the 25mn warrants that came with the shares that they can now exercise.

The guy who posted that tweet is actually the companies IR person at Flowcomms so the company obviously asked him to look into it.