Member Info for andysand

But multibag, here is my issue. This 'disinformation' is easily refuted by the company. The accounts are showing a possible issue which needs explanation. The company know very well why the share price is trashed. It is not anyone's fault but their own. They need an audit. It would be in their own best interests. They do not seem to care one iota about the share price. They need to explain why they were so desperate for cash they had to raise money at 4p when the shares were trading at 20p. That cash call was NOT in the interests of share holders and looked unnecessary if we believe their cash balance statements. There are serious red flags which they must address. If they do this, the shares will absolutely fly. Providing all is as they say it is of course...

I recommended your reply because it was civil. Good luck with your holding. Our opinion differs for sure but discussion is always good. We have people here who act like tinpot dictators who don't seem to value freedom of speech very much.

Yes, I was talking it up until they released interims showing receivables at over 100 %. I then sold. New information makes for a new opinion. Obviously.

Sorry for typos and idiot spell checker. "Convertible loan" and "being" instead of "bring"

I hope nobody got hurt on the very obvious pump and dump yesterday. But instead of bring at each other's throat, maybe we should look at where the real problem lies. It is with AIM regulation and the company itself. We SHOULD be able to trust a company's accounts and that means independent auditors need to be mandatory. What was interesting about yesterday though was the RNS they issued. They did not need to issue that. After all, AIM spikes are not unusual really. Yet twice, they have issued an RNS to stop the share price rising. Why would they want to do that? I am scratching my head over that one. Is there a convertible Liam out there somewhere that benefits from a low share price? I don't know. Anyone got an answer?

A nicely executed pump and dump. Now, who will be left holding the baby when it is back at 2p later?

It is not possible to take a position in this now (other than closing existing positions apparently). Not necessarily a bad thing but it does illustrate the incredible illiquidity of it. I am still watching and waiting for that piece of news flow that convinces me it is safe to buy it. I don't mind a share that may lose value but if there is a risk of delisting, that's a different kind of risk altogether. Let's see what happens!

I wouldn't dare short it. That would be just as risky as buying it. Sure, bury your head in the sand if you want. It's your money. But if you only listen to one side of the story, you are not going to be able to make an informed decision.

I had been away from the stock market for several years. After being back for a few months now, I can see that AIM has become uninvestable. Company after company are either going to the wall or ripping off investors. I am sure there are a few good ones, but the regulation system can't be trusted so it's impossible to tell the good from the bad. I can absolutely understand TW's crusade now. Of course he is hated as he trashes share prices, I can understand this! But he seems to get it right pretty often where he is calling fraud. I don't know what the situation is with Auhua. But I do know there are warning signs and the risk is extreme. And if you doubt this, I would pose this question to you. If you are a salaried employee, on £40,000 a year, but your employer hadn't actually given you any money for that year, you could rightly claim you made 40k. You worked for it and you earned it. But what your financial situation really be? And what if your employer went bust (since he obviously doesn't have the money to pay you). This is the situation Auhua finds itself and the reason it needed to raise money at a massive discount. You would have to do the same (by going into debt probably). It might all come good! But it could equally collapse for lack of cash. I hope holders DO 10 bag. But if you are holding, I do think you would be wise to consider these risks carefully and be sure you can really afford to take this much of a gamble.

We will see...

What I see here (so far) is a fair debate about the company. It's obviously a very unusual situation to have such a catastrophic collapse without any comment from the company. Personally, I wouldn't buy back in until an independent audit is carried out; no matter what the share price does. Although it might be worth a hundred quid (at most) as a pure gamble. It wouldn't hurt too much then if nomad resigned. But it isn't an investment. It's a gamble at the moment.

What has made me really angry with this company is this. The share price fall has been catastrophic. Why? Because nobody believes the figures. So, there is a simple solution to this. Call some independent auditors in and get them to examine the books and bank accounts. Then release a statement to say all is well. Voila. 1000% rise in the share price. So why don't they do this? Wouldn't you if you were running the company? I would!! So either they are actually don't care about the share price or they are unable to do a thing about it because they don't dare risk an independent audit. They MUST do this and if anyone is going to email,anyone, I would suggest it should be the NOMAD to insist that they do it. This would be in absolute everyone's interest. Unless of course there is fraud.

PhrophetMargin, put yourself in this position. You have just emailed the company as you are showing a large loss. You then get a reassuring email back. Wouldn't you want to spread the word? Wouldn't you want to post the contents of the email? After all, they are not going to email strangers with inside info, therefore there would be no problem sharing its contents. And everyone who is holding this would want to spread the news as fast as possible. No, they are not communicating with anyone. And if anyone says otherwise, then demand proof.

Neither have I. And I don't believe anyone else has either. I sent at least 3 emails and all were ignored.

The fundamentals are unclear. Profits look terrific but cash flow is terrible. Currently, the upside AND downside are huge. If you believe the profits are genuine, then it's a ten bagger. If not, it's probably a total loss and suspension. That's one hell of a gamble.

That's hard PhrophetMargin. Sorry to hear that:(

He didn't quit because he was busy elsewhere. That much I am pretty sure of. The reasons will become clear very soon. Now I know why he ignored all my emails! I wish all current holders well (though I think you should probably sell). But my opinion is no better than anyone else's obviously. There could still be a miracle rally. But I doubt it.

Hi Yamsel. I have contacted him and received no reply. Did you get a reply? I would very much like to see that! But I don't want to put my email here. How can we do that?

Agreed PhrophetMargin. The problem lies in the 'receivables'. This is not just an ACE issue, it seems to be a Chinese issue in general. Perhaps cultural. They have made millions in sales and booked it as revenue and profit. But they haven't actually been paid; it's all outstanding invoices. So they are relying on the companies that owe them money to pay at some time in the future. So cash reserves are running down despite profit going up. That is the issue here and with others too. If this gets resolved, you will have a ten bagger!

I don't know you, and you don't know me. But I will stay or go as I please. I could be a LOT more negative if I chose to be but there are good people here who hope to do well. You are not helping them by being abusive and rude. Everyone wants this share price to rocket, including me. In order for that to happen, some pressure needs to be put on the company to communicate in a much more positive way. I said that as a holder and I am saying it now as a non holder. My views haven't changed.