Upland Resources Share Discussion Threads

[dead duck resources] 27/10/2023 12:30

A standard listing is sub-AIM in quality/governance. In between AIM and Aquis Exchange

[riskyinvestor] 27/10/2023 12:25

Could see JV between the bidder and UPL

Exciting times ahead

[riskyinvestor] 27/10/2023 12:24

070891 677441


Instead of everyone spouting rubbish here

Just ring the above number for Uplands Media Relations


This 14p bid is genuine imo

This is not listed on the casino AIM market but the Main Market

[still waiting] 27/10/2023 12:13

good to see all the filtered gang here..

tells you everything.

will watch with interest.

[pwhite73] 27/10/2023 12:03

charlesjames1 - That's correct but the reason why they've turned down the 14p offer is because they have no intention of selling the business. They're not going to put themselves out of work.

[riskyinvestor] 27/10/2023 11:50

Whats going on

??

[charlesjames1] 27/10/2023 11:48

No. I’ve just bought a few more. It’s not showing.

[riskyinvestor] 27/10/2023 11:46

No trades since 1225

Weird

Has it been suspennded pending annoncement

[charlesjames1] 27/10/2023 11:42

That is all irrelevant if they sell the whole business PWnite. They won’t need additional working capital as the company will be sold.

[pwhite73] 27/10/2023 11:25

To fight off the bid I wouldn't put it past UPL to be forward selling a placing. This increases the number of shares in issue so making it more expensive if SEC are offering 14p per share. It also provides them with additional working capital along with the warrant monies.

[dead duck resources] 27/10/2023 11:23

DDRs careful analysis

Oct 23rd: announced rejection of preliminary approach (indicative value of $200m)
Oct 23rd: Rule 2.9 shows dates the company sent listing applications (Oct 16-17th)
Oct 24th: 61,640,000 warrant shares & 9,800,000 partner shares admitted to trading
Oct 25th: 6,888,888 Malaysian operating partner warrant shares admitted to trading

Last week
Oct 16th: 61,640,000 warrant shares & 9,800,000 partner shares listing application
Oct 17th: 6,888,888 operating partner warrant shares listing application

Conveniently a week before the $200m 'offer'...A scam then, but was it devised by
a large warrant-holder with the Board simply caught unawares? The scheduling of
the share admission dates gives them a central role in any case;

2 weeks ago
Oct 12th: notified exercise of the 61,640,000 @0.4p and 9,800,000 partner shares
"Admission expected within 7 days from the date we submit the listing application"
Unusual to not give a date, or to apply the same day. Sent it in the following week.

Last month
Sep 21st: notified exercise of the 6,888,888 @1.2p
"An application has been made with trading to occur Sep 29th"
But we now know it wasn't filed for 4 weeks, a day after the other warrants went in.

Sep 26th: exercise of 10,000,000@0.4p CEO options "Admission expected to be Nov 1st"

So the CEO expected to delay his listing application for a month to around Oct 24th.
The Rule 2.9 notification showed that's yet to go in. Admission will now be Nov 6th
meaning listing application to be sent today, which also coincides with application
for 5,000,000 warrant shares notified after close on 20th. All very suspicious imho.

[riskyinvestor] 27/10/2023 11:18

This is not an AIM stock

[riskyinvestor] 27/10/2023 11:15

Am in again after being out

Have checked the BOD and they do have clout

[riskyinvestor] 27/10/2023 11:13

Gone blue

Who do you follow Zak or Tom

??

[soulsauce] 27/10/2023 11:13

JakNife you have been posting the same thing for 5 days now. Go and do something better with your time. Same with you loglorry. We are all grown up shareholders, there is no need to save us but like I said the other day you won't. The agenda is obvious.

[pwhite73] 27/10/2023 10:41

DDD - I've done that in my previous comments. The share price chart demonstrates the warrant holders held no financial advantage over ordinary shareholders when the offer news was released. The warrants were exercised to take advantage of a potential bid not to cash in on the rise in the share price up to 8p all shareholders were able to do this.

[truant2tb1] 27/10/2023 10:39

What's does that prove?!

[dead duck resources] 27/10/2023 10:32

PWhite, could you share the careful analysis around the exercise of the warrants? The timing of initial notification of exercise and the expected admission dates that were then delayed (to coincide with issuance just after the $200m approach) looks most odd.

[pwhite73] 27/10/2023 10:25

JakNife - Ok so there is no punishment for not filing a TR1. However this does not get away from the fact all shareholders were able to profit from the fakeover news, not just warrant holders.

[pwhite73] 27/10/2023 10:22

As per my posts anybody who held shares in the company prior to the fakeover news would have been able to sell into the 'fakeover' news with profit and still can. So the warrant holders are effectively coming up against every single shareholder when cashing in.

After careful analysis the 'fakeover' news and the exercise of the warrants as some organised scam is not staking up.

[jaknife] 27/10/2023 10:21

PWhite73,

"Any individual warrant holder that sold 12 million shares would need to file a TR1."

You are so hopelessly naïve. What do you think the punishment is for an individual (non FCA regulated) if they accidently on purpose "forget" to file a TR1? I assume that you will be surprised if I tell you that there is *zero* punishment and exactly SFA that the FCA can do about it. Individuals routinely don't bother to file TR1s if it doesn't suit their purpose.

JakNife

[loglorry1] 27/10/2023 10:20

" Any individual warrant holder that sold 12 million shares would need to file a TR1."

They simply don't disclose. There is no action that can be taken against them particularly when they are not in the UK. At best they will disclose late. I think it is 1% increments/decrements during a take over period btw.

[loglorry1] 27/10/2023 10:18

PWhite most of the warrants had a lock-in so could not be converted to stock and sold until October. The Interim report said the date was 24th Oct but they were exercised week or two earlier than that. Apparently some sort of typo in the report.

To pull off a fakeover you have to be able to exercise the warrants into stock and sell into the resulting price spike.

I think you need to go back to school.

[pwhite73] 27/10/2023 10:11

The warrant holders held 100 million shares. Any individual warrant holder that sold 12 million shares would need to file a TR1. There has been none to date. I'm not wholly convinced all the warrant holders if any are selling.

The warrant holders associated with the company may have cashed in now in order to facilitate a vote. This is so that the directors can say - " we have assurances that 40% of the shareholders will vote against the takeover."