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agree with that bignose.at least its interesting to speculate whilst we await news cheers
I stand corrected and thanks for the link. I just remember at the time a lot was written about this and contact was made with both JG and the HKSX, yet no action appeared to be taken. So there still is a possibility that an ii or two could have some substantial holdings, we just don't know. ;-)
sorry was trying to post this link but it didn't work.i don't suppose the fine was much of a deterrent but it was a criminal conviction.also to answer your second question the volatility could be because the free float is smaller than we think but as you say we just don't know .getting geared up for interims now when hopefully things will be a little clearer re sales etc
afternoon bignose.i think we may have been down this road before.there is an enforceable disclosure regime which on paper carries sanctions of up to HK$ 100,000 fines and up to 2 years prison for breaches.that said i can completely accept that in practice it may be pretty toothless and that there would be plenty of people/institutions prepared to ignore it particularly if they reside in jurisdictions where enforcement would be problematic(china?) equally however people are very protective of their reputations and would probably not want the damage that a criminal conviction would do to it.even a small fine results in a criminal conviction.it does seem that the regime is policed to some extent but that said i can completely accept that someone may have acquired holdings behind the scenes.indeed as i have mentioned once before the stakeholder building theory was the main reason i bought back in after selling my entire holding at 60 cents following the spike and start of the fallback.i couldn't see any other likely explanation for the trading volume so bought back in with original sum invested about 3 weeks later at i think 62 cents.i was then a devotee of the theory but over time i have come to doubt it as the price action doesn't seem to me to give it validity.if there were substantial shareholder they could as you rightly say manipulate the price by a few judicious trades.of course they might want to keep the s/p low but i really cannot see why.if regent wanted to do any deals along the yooya lines they would want the s/p higher i would have thought to minimise dilution.i suppose someone could be hoping to acquire the company or fortacin on the cheap and is happy to see the s/p where it is but i just don't get the feeling that that is what has been happening.just seems to me like a gradual erosion of interest due to disappointing sales(so we believe) and missed timelines etc.of course I'm just speculating and could be entirely wrong i do entirely accept your points about about Maven etc so perhaps we shall be delighted one day by the scenario at the end of your 6.28 post let us hope so.
Could the volatility be due to the fact that maybe there is not so much free float as we think. Mind you, none of whats been going on makes any sense whatsoever........ but it does give us bored shareholders something else to discuss....... LOL
I am not entirely sure how to managed to work that one out about ii's since unlike the UK there are no forcible rules in HK requiring any form of share holding disclosure. If you looking back to the amount of shares traded the few days following the UK launch (about 1.5billion or along that sort of magnitude and that was just the free float that was traded), there was not one disclosure made. There was also no immediate disclosure made when Maven sold their full holding during that same period (what was it 6 or 8%?). JG was questioned as, from what I remember, were the HKSX, but neither were that interested in following up since it was not a forcible requirement. As such, its anybody's guess if there are any ii's. Personally I think there must be some, but who, I don't know. We may just find out once we reach phase III of the FDA and some entity offers 500 mill USD for the remaining 70% RPG stock.....LOL.
If you sent it to JG, don't hold your breath. I never received any response to mine. I should have sent it directly to JM who usually tells JG to get his finger out and respond, so I only have myself to blame. JG is probably too busy counting his monthly salary, which probably takes several days as its so much and he has nothing else to do.
Hopefully you are referring to JM, who I am sure will respond.
Sent an email but not heard back yet. Always get one back. Hopefully it will enlighten me!
bignose looking at it in a slightly different way its extremely unusual,i believe;to have a main market company with no institutional investors.mellon is really just a very wealthy PI and he has been the only significant holder (with his associates/minions) for years.usually quoted companies have something like 80 to 90% institutional holders although obviously there will be many cases where the percentage is significantly lower.here it is (at least as declared) nil.i assume this contributes significantly to volatility but i my be wrong as I'm not the most knowlegable or sophisticated of investors and happy to accept other views.
Isn't the automated system meant to match sells and buys ???
Given the magnitudes in SP volatility or call it SP spread compared to volume, it seems to me that the share price can be easily manipulated. This morning its gone from a sell of 0.176 for 50k shares to 0.191 for 10k. Even Regent could easily influence the SP positively by just a few couple of hundered squid buys.....if they wanted too.... ;-)
Who or what has consistently been buying all the shares sold over the last few weeks (there maybe low volumes, but added up, the sold stock must now be quite a lot)? Surely not the brokers, they wouldnt want to expose themselves to what is probably currently considered a high risk stock, but then again, some entity must surely be buying them.....?
come off it keith,they won't be as clear as that!
Presumably the interims will be smoke and mirrors with underlying gloom wrapped up in a blanket of procrastination.
i think the simple answer to that bothwell is "no".we may have a better idea after the interims on friday of next week but who knows
You wont get anything out of JG since its a closed period until after the results are published and then he wont divulge anything apart form the odd lie or two.... LOL
Does anyone have any idea what is going on with the company and SP.
yes it all seems farcical in a way.less than £5000 traded in total.funny how it rarely(never?) seems to work the other way.lol
Well, that certainly was interesting. 3 sells before lunch totalling 200k in shares. No change all day, then 5 mins before close the SP drops by nigh on 1.6%. Work that one out..... did some broker accidentally trip and fall on the "down" button.....again :-O
Regent Pacific Group Limited (the “Company”) announces that the board of directors of the Company (the “Board” or the “Directors”) has scheduled a meeting to be held on Friday, 23 August 2019 at 4:00 pm (Hong Kong time) for considering and approving the Company’s unaudited interim results for the six months ended 30 June 2019 and that the Company will make a preliminary announcement in respect of its interim results on that date.
agreed bothwell.what is very frustrating is that the recent falls have been on such low volume.today if my arithmetic is correct we fell 3.55% on 9 trades totalling less than £12000.crazy really.interims next friday,23rd.
0.19 HKD what a joke.
i have learnt today that 200 million hemp l=plants are being grown in a trial in leicestershire (uk county for any non uk readers).its a trial i think for to see the extent of possible commercial uses in materials amongst other things.this is all starting to feel a little over the top.obviosly in a few years time the whole world will be given over to the cultivation of hemp/cannabis in one form or another.day of the triffids anyone?
thanks for that.yes expect it will be in the interims.
I asked the question, but had no response. Safe to say it will be included in the interim report in a couple of weeks.
bearing in mind the updates re the extensions to the payment dates given by regent i would have expected some sort of announcement by now that the tax has been paid or at least further time given to pay.would be good to know it has been dealt with even if we are not given details of how it has been financed