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I agree and the games will only last so long, check out yesterday only one sell above £200, and the few buys massively outweighed the total sells
So many of the sells are sub £100, and a fair few under £50 which says to me they either have no idea as the trading costs make this pointless or it’s just a plan to try and lure more in to sell so cheap shares can be mopped up before the agm
I’ve notice this a lot when the price was moving sideways, the big orders slowly mop up the small sells and appear as sells encouraging more to sell. There’s a big opportunity at the moment, I was hoping we may get to 1.7 but how many orders will need to be cleared before the price moves up again is the question. One thing that hasn’t been mentioned much lately is how this is a up and coming sector ready to boom, I’d much rather have my money in bio fuels than oil. A big oil company could easily buy these guys out and even at 11p a share it’s nothing for them.
For anyone worried they could just transfer to a broker like AJ Bell anyway then its super easy when they transfer over.
He’s on twitter so you can send it as a direct message on there or ask for his email unless someone else on the board has it anyway.
Was it only you or have any other investors had a letter like this?
Check his tweets out guys, he’s been reading the boards and can’t understand why any brokers would tell holders they have to sell as the meeting is to About moving over if they meet the conditions and even then they will stay on AIM until December if it happens, he’s keen for anyone in this position to contact him with copies.
Exactly, once they have the meeting everyone can work out the best option for them with their broker. Most should be fine on current platforms. I think this panic selling of small investors is giving some great opportunities. As much as I want this to go up I'm quite happy to take advantage of some of this short term panic selling and don't mind seeing this fall a bit further :)
Every broker will be different, but for some I think thats correct
I have found out with AJ Bell they can convert shares to the HKEX if they move over. if the shares were issued to AJ Bell however it can take some time to get them transferred over to start trading otherwise its a simple transfer. Ultimately they wouldn't force a sale though and once the AGM happens the options will be clearer.
You can buy stocks directly on the HKEX too with them (min £10k for that)
These are the options, http://chinanewenergy.co.uk/uploads/soft/191002/1-191002233914.pdf
Out of interest what platform do people hold with?
Thats my understanding too and that options are available. has any one tweeted Richard Bennett? I'm sure he could could explain especially after his recent purchase.
The sell are quite small which makes me think small investors worrying and selling
The company is in such a strong position
The longer they keep hiding any buys like this afternoons £7k buy, the more positive this looks long term
Looks like a great opp, some people just have no patience and this drop needs taking advantage of. Be surprised if we get to 2p buy though I think they will get cleared up before then
Things are ramping up and when this next moves up it could easily push 100% in a day, I imagine a lot of people are sitting on the sidelines and the big investors loading up on buy orders cheap while small investors sell through impatience
It hasn’t, there was a £50 sell and due to the spread that took it from 3p to 2.55p.
It appears the 2.5 to 3p area is clear and ready for a move in up once the money comes in
I imagine buy orders must be building up and the spread is holding people back, but when it does move them orders unmatched will wish they brought it at the price they can now
That’s what Richard Bennet is thinking too with his tweets today
Massive potential!!! ... All helps to get a step closer to my target of 20p a share
It looks like something along them lines is happening, the last 4 trades add up to 776,000 and listed as sells with the price going up from 2.61 to 2.8.
The same thing happened a week or so ago with the price rising on sells that were really buys, and shares being mopped up before a step up and it looks like the same thing is in play again
might do by tomorrow, looks like MMs playing games trying to load up