The price was dropping when people bought yesterday. Bid/offer is not indicative of the big trades that we see as late trades the next day. ADVFN has interesting BB discussing Chinese IPO's
I'm out - no trust in governance, integrity of those in it. It could be that unsuspecting punters like us have already bought the 2 Million that One Capital are selling. I don't know. Too much manipulation. I at least got some money out. It was the attraction to div that sucked me into this.
It appear the market makers are responding to fear, rumour, Chinese stock market massively down, etc.
Is there someone with legal or accountancy background with knowledge of Chinese companies following this stock willing to provide insights?
It is difficult for Chinese companies to get onto the AIM market.
Also Madisi cannot sell any of their shares for a further 6 months after the Order Market Agreement expires, and are still under obligation to buy more.