UCL 0.00% 30.0¢ ucl resources limited

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  1. 18,561 Posts.

    nobull - with John Kahlbetzer selling out I assume they have a huge percentage of the company already and once they get 90% they will compulsory acquire your shares.

    JK of course made placements at .4c and .6c pre-consolidation so thank you very much for 1c he says. That's serious money made.

    As Seals knows I have been watching this stock since 2001 and as I am extremely conscious of HC's defamation guidelines I can't really say what I think. Suffice to say I always looked at the quarterly cash flows to note the directors fees and to predict when the next capital raising was going to happen - watching the shares on issue go to the moon until it was obvious that small holders had long ago been diluted to the extent that they had no chance of being leveraged up.

    Holders have no choice but to take the one cent (refuse to call it 31) and for those who fluked a profit by entering in the dying days put it down to pure luck. I'll be glad to take it off my "favourites" list.




 
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