Ann: Suspension Update & Response to ASX Query, page-7

Sounds like a loss of confidence in the bourd

I was not invested in UUL, but looking at what appeared to may have happened, then i will take this as a lesson to apply due diligence when looking into small caps and the risks in the share market . A independent board.. i will in the regard in the future as really important.

If they brought real estate and liquidating it then given the recent rises they should have made loads of profit with investors money.

I hope things turn around for you guys and UUL will return the money with profits

Or their is an investigation into what may or may not have occurred.

If UUL is suspended and UUL decided to return NO profit to share holders(buy backs, dividends etc) and they continue to draw a salary for
decades ..then this is like a huge pension fund that has been paid for by investors.


Is their a chairman that is independent of the directors, is their an annual vote to re-elect directors, as unhappy holders can vote out the directors thus putting pressure on the board to return capital to shareholders.