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

There is only one trade (PLUS apart) showing as a sell - 600,000 @15p.

Dispatch of Circular, Notice of General Meeting and Notice of AGM

http://www.independent.co.uk/news/uk/crime/online-gambling-companys-director-arrested-in-21m-fraud-investigation-10141491.html

Suspension of trading in the Company's shares.

As announced on 17 March 2015, the Company has posted a circular to shareholders with regards a proposed Fundraising that comprises a Subscription for New Ordinary Shares, Open Offer of New Ordinary Shares and New Facility Agreement. In aggregate, the Fundraising and New Facility will raise up to £5.375 million

The Circular also included details of a Share Capital Reorganisation, Waiver of obligation under Rule 9 of the City Code on Takeovers and Mergers and Change of Name to 365 Health Solutions plc. The Fundraising cannot proceed without Independent Shareholder consent being obtained to approve the Waiver.

The proposed Fundraising and refinancing is significantly reliant upon Mr Paul Bell, Ultrasis's largest shareholder. The Company remains reliant on Mr Bell to meet its future working capital needs, but has not been able to confirm with absolute certainty if Mr Bell remains able to proceed with the proposed Fundraising.

As a result, the Directors believe that, without the additional funding that would be made available to the Company via the Proposals or any other material injection of funds, the Company will not have sufficient funds to enable it to continue to trade. Accordingly, the Directors of the Company have requested suspension of its shares pending clarification of its financial position and the ability of Mr Bell to proceed with the proposed Fundraising.

The shareholder meeting to approve the proposed refinancing is scheduled for 14 April 2015.

The Company will update shareholders as further information becomes available.

They forgot to mention that they are considering re-naming their 'Beating the Blues' programme 'Creating the Blues'! (Allegedly) :o)

Ah, memories! :o) Also sung by Tommy Steele, it was his only No.1 hit, a bit like Ultrasis and 'Beating the Blues'!

The 'saviour' of ULT, the multi-millionare Paul Bell, was arrested last month as part of an investigation into money-laundering apparently. I hope he has his "Beating the Blues" programme with him if he is sent down!

RNS Number : 5314K

Ultrasis PLC

17 April 2015

Ultrasis plc

("Ultrasis" or the "Company")

Proposed Fundraising not proceeding

Further to the announcement of 31 March and the suspension of trading in the Company's shares, the Board has now been informed that Mr Bell is no longer in a position to participate in the proposed Fundraising and therefore as a result the proposed Fundraising will not proceed.

The Board is in discussions with various parties as it seeks to find alternative sources of funding.

The Company has received valid acceptances in respect of 264,067 Open Offer Shares from Qualifying Shareholders in respect of the Open Offer. Given the Fundraising will not proceed, the amounts lodged with Capita pursuant to the Open Offer will be returned to Qualifying Shareholders as detailed in the Circular.

Trading in the Company's shares remains suspended pending clarification of the Company's financial position.

Unless otherwise defined, all capitalised terms in this announcement shall have the meaning given to them in the Circular, which was posted to shareholders on 17 March 2015 and details of which were announced on that date

Notice of intention to appoint Administrators

Further to the announcement made on 17 April 2015 regarding the Proposed Fundraising not proceeding, the Company announces today that it has filed a notice of intention to appoint Paul Flint and Brian Green, insolvency practitioners at KPMG LLP, as administrators to the Company.