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

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.