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Hey guys! We are getting a company update before the 30th of june. Its regarding the q1 results and an update on investigation. I have the Irish embassy on the case. lets stop sugar coating whats going on. BOD have treated us all like a bunch of idiots and tried their luck once too many. Ppl on here saying that bod were late with results. Get real. They have a real deep and thorough investigation going into bod and goings on of the company that us shareholders deserve.
We should be talking about dividend, hydrogen, zolite dehydration device, 1.5 generation technology, e20 india. Bod need a kicking and I am making sure they feel heat. They are not ppl we want running our company. I have requested that the dividend be paid outside the investigation. Remember we have 6 more months of profit since fy report. We should be popping bottles of champagne.
Theres going to be no happy ending from this. I suggest everyone here email ivy Xu and use any method necessary to put heat on these dopes. They are already frightened about diplomatic dignitaries getting involved. 3 weeks from 12 months on hkex. Its been a nightmare. I want bod to be having loads of time for practicing yoga where I want to send them for 10 yrs of there lives. Get real ppl. Get emailing and put these clowns out of a job. I personally want a clear out at the top. Its the only way we can move forward now. Email ivy and tell her that. Get onto your embassy and request help. Loads of ways to skin a cat.
i was trying to pull together 5% shareholders for a EGM last year when it was pretty obvious something was not right as no company doing so well do everything they can to trash the share price but i concluded the duo are academic and grossly incompetent with transparency of releasing material news to the market and believing their 65% control or more by family and friends means they can ignore everyone else and possibly so tight fisted that instead of paying out a dividend potentially, but unproven, embezzle $2m through a shady “advisory” deal. My spider senses were alert pretty early but the staggering fundamentals and market positioning to me outweighed the duo as how can a $10m profit company be valued at barely a PE of 2-3. Even under worst management and assuming they announce dividend you can brush over it but their refusal so far to announce a dividend is most shocking of all. Clearly with such a strong ownership of the company you largely want to have a 3rd party take a 30% stake and reduce their fiefdom or in my view preferably add 2 or more key directors allowing the duo to run arguably what they are good at and operate the plant developments and r&d and have a separate team operating the strategic/marketing/sales side of the business and its international opportunity. I think trying to leverage these limpits off the rock badly will just break the shell for everyonr. From a shareholders perspective we want clarity and cleanup, then we want in advance dividend and a full and thorough forward looking statement with new management onboard. This would send share price on the right trajectory but needs to happen in advance as badly done will not br helpful. The reason i think it is taking so long is because CNEL need more directors, a proper plan on how to come back to HK and that takes time and sadly Richard Bennett is now involved elsewhere so his resource is less than before as it would make sense he took over for a period to sort this out or someone who can go in and knock this all together. The good news is we have relatively vast amounts of cash to fix everything so at the very least CNEL could through a few million at solving everything and a dividend and not even break a sweat. This is key as otherwise i would have lost all hope last year. Lets hope we get some great and very different quarterly update as HK has read the riot act and will be watching closely for transparency and comprehensive material news being shared. I am hopeful this will all end to our advantage.