Member Info for stuartv

Agree guys. Also if we lift the suspension without news the SP will plummet. Fingers crossed significant news is pending. GLA

Also unless there is some major sculdugery at work here. The Institutional Investors and UPL’s new broker would be seriously p-ssed if there was anything untoward with UPL’s accounts. I just can’t believe the big boys would commit without the necessary due diligence.

Agree guys nothing positive. I just wish they’d get it sorted asap. However UPL’s reason for delay does seem plausible in light of the below.

https://www.accountingweb.co.uk/community/industry-insights/looming-talent-gap-in-the-accounting-industry-and-your-action-plan

Https://www.lse.co.uk/rns/temporary-suspension-tfzvzoojud2xxsf.html

The big boys probably have great lawyers as well. Which UPL will no doubt be aware of.

Agree not great optics. However despite the usual negative sentiment surrounding any dilution I cannot envisage II’s investing in a company about to suspend its shares for anything other than a genuine reason. GLA

Much appreciated Stock 👍

In the RNS dated April UPL referenced the following:-

As the company continues to receive unsolicited Joint Venture/Farm-In approaches, the Finance & Investment Committee will continue to review interest as appropriate, until such time as a period of exclusivity is entered.

Would anyone know when such a period of exclusivity would arise. Wiser owls than me on this board but my guess would be after the PSC is awarded. Any thoughts would be gratefully received.

Agree Auditors were just doing their job.

All conjecture. Not saying it was tactical but as UPL would have been fully aware of the missed audit deadline and subsequent de-list there was clearly scope in the timing of the raise.

It occurred to me that the Ii’s must have had a wink of sorts. It appears that they don’t want to offload but they’d be pretty p’d if they did.

Wish I had thought of that one Derek good question 👍

Fair observations guys but I guess UPL have to demonstrate that they have all their ducks in a row and without these prerequisites I suspect that they would be given short shrift by Petros.

Hopefully within Month. Since January with no real news UPL has been on a bit of a rollercoaster. Clearly the phrase “near term” was chosen by both parties as it is suitably vague. That said PKF did say that the “the audit was substantially complete” which suggests that we are not talking months. Who knows lots of whataboutry here. Hopefully substantive RNS from UPL first. GLA.

Https://www.pkf-l.com/

I guess their locked in 🤔

Not good optics but the Institutional Investors must have been privy to this. They go through every thing forensically.

To be fair it is Serif.

Million

Got to admit we are in tin hat territory at the moment without clear briefings from the BOD. The release of volumetrics would be a good starting point. That said I still can’t get away from the fact the BOD must have put across a pretty convincing story to get the hard nosed Institutions to part with $4 dollars. GLA