after yesterdays agm statement the share price has risen 50% how much upside is left or is this another false dawn?
http://www.alexa.com/data/details/traffic_details/thewellnessshop.co.uk
womans hour link below.
http://www.bbc.co.uk/radio4/womanshour/04/2008_08_mon.shtml

Partnership to launch health screening program

Screenetics partner with BMI Hospitals and Benenden Wellbeing Limited to launch health screening programme.

The Ultrasis Group announces that it has agreed a partnership with BMI Healthcare and Benenden Wellbeing Limited to offer a range of health screening and health care services to members of Benenden and the general population. This will be branded Benenden Health Assessment.

Outline of the partnership:

· Benenden Health Assessment will be delivered in partnership with BMI Healthcare and Screenetics, a subsidiary of Ultrasis.
· The health assessments will be available to c.900,000 members of Benenden Wellbeing Limited's parent, the Benenden Healthcare Society, their families and to the general public.
· They will be available across the UK and delivered from our network of clinics, mobile vehicles and at BMI Healthcare hospitals.
· The screenings are priced from £89 to £499.
· Benenden Wellbeing will be promoting the offer throughout their membership through a marketing campaign using their magazine, social networking and call centre activity.
· BMI Healthcare is the UK's largest independent provider of private healthcare with 62 hospitals and healthcare facilities throughout the country.
· All Benenden Healthcare Society members will be offered the opportunity to complete the newly developed Ultrasis Health Risk Assessment ("HRA") which is available from a wide range of devices including smart phones and tablets. The HRA has been developed specifically to support this partnership and is designed to encourage personal health and wellbeing.

Board Changes and Financing Update

The Company announces that Gerald Malone and Michael Mills, who have been non-executive directors for 14 and 11 years respectively, have resigned with immediate effect. The Board thanks them for their years of service and valuable input.

John Smith, CEO, will become interim Executive Chairman following Gerald Malone's departure and the Company will now seek an alternative Chairman and non-executive director to provide an appropriate board structure.

As initially announced on 29 January 2013, the Company has loan facilities in place with Paul Bell, a substantial shareholder in the Company, of which approximately £700,000 was undrawn at the end of September 2014. Under the terms of the loan facilities, the Company is entitled to draw down funds to a maximum amount of £1 million in any rolling 12 month period, a limit the Company has already reached, However, Mr. Bell has recently written to the Company stating that he is prepared to continue to consider on-going requests for draw-downs under the loan facilities which are in excess of the rolling limit, subject to, inter alia, a review of the Company's short and medium term working capital requirements and the Board seeking cancellation of the Company's shares to trading on AIM.

Consequently, the Board intends shortly to send a circular to shareholders seeking the cancellation of the Company's shares to trading on AIM. Further announcements will be made in due course.

The end.

Correct me if I'm wrong but didn't that Gerald Malone have something to do with that fiasco of a company we all came to love as Meldex ?

If he was, then that explains a lot! :o)

My Million shares all gone after a couple of extra trades yesterday morning - bought @0.07p and sold @0.177p - still ended up @50% down on total holding.

Even if ULT is delisted from AIM, viablity of the business is paramount to maintain asset value of the company and the key shareholder seems to want the company to continue, or be sold off to clawback his investment - allegedly!

Recent RNS from ULT say they are heading to profitability possibly next year, especially with the continuance of the rolling loan facility, so should be corporately viable considering the international 'ramp-up' of mental health treatment services.

Also looks like vast amounts of shares are being 'mopped-up' at give-away low prices by someone!!

I'm sure that the FSA will monitor how ULT is transcending this difficult situation, especially from the point of the ULT 60 employees.

I have decided to hold / average up my holding for the same £-stake, and would not be surprised if it works out OK for all shareholders in the end.

DYOR, as this is not advice or meant as defamatory to any party.

HAb

Good luck Hiram - as you can see from the thread, I've been a long term holder - in fact I still have a few in certificate form from the 1990's from the mid 30ps from memory - it may well all turn out well in then end, but I finally lost patience.

Financing update



Further to the announcement of 7 October 2014, the Company announces that it has entered into further discussions with Mr Paul Bell, a substantial shareholder in the Company.

The Company and Mr Bell are currently considering a number of options. In the event that these discussions did result in an agreement for Mr Bell to provide further funding over and above the current loan facility it is likely that any such funding would result in shares in the Company being issued at a discount to the current share price. If this was to happen, it is the intention that other ordinary shareholders in the Company would be able to participate on comparable terms in respect of any equity investment.

A refinancing is still far from certain and any significant equity investment will require the consent of both The Panel on Takeovers and Mergers and shareholders independent of Mr Bell.

Therefore, whilst there can be no guarantee as to a successful conclusion to these ongoing discussions, the Company has, with Mr Bell's agreement, postponed posting a circular to shareholders seeking cancellation of the Company's shares to trading on AIM.

A further announcement will be made in due course and in the meantime Mr Bell continues to provide working capital to the Company under the terms of the existing loan arrangements (the "Current Facilities"). It remains the case that Mr Bell's consent is required in relation to each drawdown under the Current Facilities on an ongoing basis for the reasons set out in the announcement dated 7 October 2014.

If it goes ahead, to buy or not to buy? that is the question. Hmm, that rings a bell!

I'm done with them Kim - and won't be back - also sounds familiar!

Lol! I have very little left in them, just kept a few for sentimental reasons!! :o)

anyone in the know what happened with ULT?

See post 1478 for starters.

Expecting Chancellors (G. Osborne) Autumn Statement to provide a financial uplift in finance into the Mental Health National budgets.

Suspect there will be a provision for early stage CBT as part of initial / preventative treatment, given the dire state of the UK MH system.

Perhaps more contracting for ULT in pipeline.

DYOR

HAb

Ultrasis major investor avoids refinancing plan
Ultrasis said major shareholder Paul Bell has, after undertaking due diligence, confirmed he is not prepared to participate in any refinancing proposal for the company at this time.

================

this has always been a very silly little company and must surely now be doomed

Looks like it is the end of the line early 2015.

Currently +120% on very tenuous speculation.

Suspect that ULT has much further to rise if good news RNS is imminent.

Could be financing deal or perhaps the Government have had a strategy change on UK mental health, given the amount of Anti-depressants the UK population is taking.

CCBT could prove a viable alternative to the vast pharmaceutical / drug costs. Healthier for patient too.

However it must be noted that ULT management are very conspicuous by their absence!!

DYOR

HAb