Very disappointing response 17 Jun 2014 15:10
Ultrasis clearly place very little value in their stock holders. A simple update is clearly asking for more than is possible:-
Sir,
John Smith has passed on your email inquiring about the company's lack of comment on the recent downward movement of the share price.
I'm sure you are aware that the board's responsibilities concerning the timely announcement of market sensitive information are clearly set out in the AIM Listing Rules of the London Stock Exchange. The board acts in conjunction with the company's NOMAD when deciding if and when an announcement is appropriate. Commenting on share price movements over which the company has no control would not be appropriate.
Regards,
Gerald Malone
Chairman, Ultrasis plc