Member Info for shamI89

Everyone who bought in after last couple of RNS was gambling and equity was worthless.But I suspect big chunk of private investors were lured in by "twitter influencers".

Herd has moved on to next big "thing".

He is too thick to understand that,how can company withold this information for 8 days and a private investor finds out about it through TW.Then we receive an RNS after market hours.These mug punters think this fiasco was engineered by a private investor to have a quick "trade".....Not long to go know, I am sure company was given plenty of time before this WUP was served.

You are wasting your time here Toffer.These mug punters tend to learn hard way.A company is struggling to pay small fee and is about to go under and Mug punters think it will its assets for billions.Funnily enough them assets were bought for peanuts.

So they have no "asset" yet thanks for clarifying that and that leads me to next question why would they choose a minnow with no cash over other oil giants?

Where is "asset" and where is money going to come from to fund drilling.Hahaha mug punters are grouping together to remove my posts but why would invest in a company that has no asset, no money and a partnership in technical report?

Where is asset and where is money for drilling.As you cant be going out looking for rig when you dont have no asset or money

Where is the asset and who would pay the money.It can publish as many technical reports as it wants!

I have not deleted a thread but looks like quite a few "p&d" merchants are reporting my posts.However it is getting interesting, last week I was told that someone was willing to pay "143 millions" for "assets" so when turns out company had assets worth "£109k" mainly a part ownership in technical report.Then someone mentioned psc, however looks like mug punters dont understand what PSC is and now you have just told me that someone would give them assets and money.

Island resources, so are yiu trying to say that Upland represents "island" .Hahaha

So there is no asset, no money and mug punters believe that someone will provide asset and money.Comedy gold

Comedy gold, Upl does not have any asset so why would petros need UPL, why cant they get it themselves?

Hahahaha Sarawak wants to be "independent" so not only they wuld get free asset it would be funded too and then they can walk away with fully developed asset.Mug punter on his best.

Wow, so not only petros would give them asset, they will provide the funding to drill exploration well.

But where is asset and who will pay for drilling?

But they need to publish results for period ending on 30 June and that needs to happen by tomorrow otherwise FCA would need to step in and suspend shares from trading until these results are published.

I have never ever shorted however this is a stonking short and shorters are set to make a fortune as speculation is driving the price.Problem is it is pointless to argue with someone whose investment decision is based.on nothing but hot air.

The key rules to read are 9.6.1 and 9.6.2 under the title “Change of accounting date”:

Rule 9.6.1 states “A listed company must prepare and publish a second interim report in accordance with ■ DTR 4.2 if the effect of the change in the accounting reference date is to extend the accounting period to more than 14 months.”

And 9.6.2 states: “The second interim report must be prepared and published in respect of either: (1) the period up to the old accounting reference date; or (2) the period up to a date not more than six months prior to the new accounting reference date.”

Upland has extended its accounting period from 12 months (ending 30 June 2023) to 18 months (ending 31 Dec 2023) and so rule 9.6.1 applies. The result of both limbs of rule 9.6.2 is that the second interim report needs to be prepared as at 30 June 2023.

There is some ambiguity over the deadline for *when* these accounts should be published. If they are treated as interim accounts then 4.2.2 of the Disclosure Guidance and Transparency Rules sourcebook (“DTR”) applies, which states:

"The half-yearly financial report must be made public as soon as possible, but no later than three months, after the end of the period to which the report relates."

I have read it but they must produce six monthly results no later than three months or they can be forced to suspend.I will see if I can post relevant sections

Share prophets and according to that company needs to publish results by tomorrow or shares can be suspended.Company changed its reduots date but still need to publish results tomorrow or it can be forced to suspend shared