From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Upland resources – the board doth protest too much about the fraudulent non-bid

By Tom Winnifrith | Monday 30 October 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Saturday »

TERN

BREAKING: further signs of cash crisis at Tern

 

NGHT

NightCap: tick tock, tick tock

 

RRR

Andrew Bell: don't be an idiot!

 

D4T4

D4t4 Solutions – now again a BUY!

 

AAU

Ariana – Asgard Update

 

BLVN

Bowleven – Squeaky Bum Time

 

Bear

Two US Shorts and one is a zero

Friday »

IQE

IQE – CEO shares purchase, how significant?…

Thursday »

CHLL

Chill Brands – it is what it is NOT saying

Time left: 07:18:18