Silence no update nothing31 Jul 2014 18:33
Investors that consider, the company has made numerous promises in the past, new management originally posted news, but after an rns statement. Quote we hope to return to profit in twelve months, a new public sector contract was due to begin June 14, income from July 2014, providing the company met contract criteria, no mention of China from a previous rns and that new BtB2 program contracts were waiting, silence then onwards...!!!!!
Investors value fell daily from 1.48p the bod continue their silence, lack of current transparency imo.
Investors that agree would like to try and break silence, please copy paste into your documents, print post to the given address along with your name address and date.
Name
Address
Date
Regulatory Complaints
UK Regulation
London Stock Exchange
10 Paternoster Square
London EC4M 7LS
Dear Sir/Madam
I am a UK citizen holding AIM listed shares with Ultrasis plc (ULT) I would like to register my concern with regards to lack of company intervention and transparency (during recent daily price drops).
I am concerned that my company investment has lost considerable value over the ...years and they have failed to address investors concerns, lack of transparency after contract announcements, often no update at all.
The company has seen a drastic downfall of the share from high 1.48p.
Briefly, I have listed below key points which are investors concerns.
Nigel Brabbins CEO stepped down - RNS date 6 June 2013.
John Smith appointed CEO --- RNS date 6 September 2013.
Ultrasis entered into a financial arrangement with an existing significant shareholder (Paul Anthony Bell) who financed via a combination of loan facilities and subscription of ordinary shares - RNS date 29 January 2013.
Paul Anthony Bell proposed board appointment of his representative Daniel Bate 14 Feb 2014.
Paul Anthony Bell is an Isle Of Man investor.
He increases his holding too 22.2%.
Dan Bate was previously mentioned in the link below.
http://www.hcrplc.com/sitemedia/user/HCR%20Withdrawal%20140613.pdf
Broker note is not forthcoming for the company.
Company does not believe in investor communication or update of current contracts.
Funding from institutions not’ encouraged.
No attempt to steady the market.
The company are not’ concerned with daily share price falls.
Failure to update recent contracts, which previously caused, investors to invest more money.
Daily drops after, company group announce their first substantial Screenetics contract.
Investors feel the company isn’t following AIM rules, protect investors interests.
Investors were led to believe considerable business progress was achieved and that the company would return to profitability in 12 months, investors replied with additional funding‘ to find their investment in freefall.
None of the above can be deemed sensitive as the company may suggest.
By way of this letter, I would appreciate an explanation from th