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Upland Resources Placing: Evil Banksta bows out of the short team with a loss but only for now

By Tom Winnifrith | Monday 29 April 2024

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.

After hours on Friday Upland Resources (UPL), the company run by those chancers who should have been booted and cold shouldered after the spoof bid fiasco, announced that it had raised $4 million at 3.3p through its new joint broker Oak Securities, aka the odious, greasy, spiv Jerry Keen, a man who would fund raise for Satan as long as he got commission. The shares are back to 3.45p on the news as Keen’s spivtastic clients flipped. So what now?
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