A lot of shareholders appear to be questioning whether Upland Resources (UPL) needs to produce accounts, given that Upland has changed its accounting year-end. UPL announced the change in its year-end in an RNS on 3 July: “The next audited accounts will be prepared for the 18 months ending 31 December 2023.”
Having ‘fessed after hours on Friday that the supposed 14p per share, £167 million, bid was a total scam, Upland Resources (UPL) has tried to reassure investors with another statement today. I am afraid it simply does not wash and when the company runs out of money early next year, the FCA, will – as explained here – block its attempts to raise fresh funds via a prospectus and I expect it to go bust.
Upland Resources (UPL) shares will collapse on Monday after the shocking after hours admission that its supposed bid approach was in fact a complete scam, as discussed in bearcast earlier HERE. As I am 100% vindicated and enjoy another celebratory ouzo, bmwman has identified the real culprits in what is a crime. I despair. The moron posts
Just as Upland Resources (UPL) shares are pushed massively higher by its claim that it received a preliminary non binding bid approach at 14p per share which it has rejected, guess what?
I am more and more convinced that the 14p a share supposed bid for Upland Resources (UPL) is a complete spoof which is why bears should add to their shorts at 5.75p as I explained ( at 6.25p) HERE. When the spoof unravels the share price will collapse liked a failed souffle. Anyhow the bidder is meant to be SEC Capital. I have tracked down the one incorporated SEC Capital…
On Friday afternoon and throughout the weekend folks from the Upland Resources (UPL) ramping community, a group almost as pointless as Queers for Palestine, were tweeting that Upland had received a 14p bid approach but was going to reject it as being too low. This morning Upland said that as a result of speculation it was forced to confirm this was all true. That the shares are just 6.25p tells you Mr. Market smells a rat. The FCA and the Takeover panel should be all over this and shorters should be adding to their short as fast as possible.
Evil Banksta described at ShareStock how he takes Mrs Banksta on numerous luxury holidays funded by his winnings from shorting and then spends all day in front of a PC plotting his next swoop on some overvalued promote. And as such ,from a five star hotel somewhere hot and warm, I have received this message about Upland Resources (UPL) where the Banksta is short. I have no skin in the game but the great bear says:
On 31 March 2023 Upland Resources (UPL) issued results for the six months to 31 December. On page 13 of 14 it discussed warrants issued on 27 October 2022 with a 0.4p strike and stated:
Sadly Upland Resources (UPL) announced the death of its NED and also its broker Jeremy King. The release issued as an RNS as you can see below, was crafted by not one but two PR firms including uber expensive FTI Consulting. To have two firms on board means Upland is spunking a good £10,000 amonth on PR but you need to pay for quality. The contacts on the release include a Mr Jeremy King, a true story of Easter resurrection.
