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Good find Shab! looks promising
I took this from ADFN and it probably sums up what happened. The big investment was provided just to get CNEL 'over the line' and their payoff was a nice profit in just a few weeks...whilst us poor mugs were unable to sell!! I also missed this 'shareholder value' opportunity hoping for more on HKex, think its called greed!! MHO of course...
'That shareholder value was realised prior to the move given the 300% increase in SP, it is now normalising to a 200% uplift against a 3month look back.Alternatively it is a con and the illusion of greater shareholder value was sold and investors bought whilst the big boys sold before the HK listing...?'
News......http://www.zkty.com.cn
There appears to be additions to the website.... well ive not seen them before, and you have to access it via the Hkex market site...dont google the site its not on there! so there is life at CNEL
Gdale, thanks
Very difficult to start anything without dialogue !! Do we know who our Nomad is? (im being lazy....)
Yep mine in too! actually still have a profit of £550!! was £12k just before we left AIM!!
I'm researching people involved with this company and in particular Mr Richard Antony Bennett.......ex of Sunbird Bioenergy, that was also called Biofuel Ltd, that was recently called MRJ Bioenergy....all dissolved companies. Will report more on this as and when.
'This was an orchestrated SP lift on AIM for the purpose of complying with HKex minimum SP entry! all at the expense of pi's, we have been mugged ! I only hope the company contracts come to fruition and the market sees this as a good buy in price!
I should have learned by now not to trust any company, lesson learned....again.'
An earlier post of mine which at the moment seems the only explanation ! i guess we will find out why at some stage. The company was never worth anymore than it was on aim....unless the listed projects come to fruition.
ii advise me they now have shares registered so should only be a few more days?! but does it really matter!
Green!! :-)
Presentation is on website
Tranche 2 (US$28.4M) to settle by November 2020*
Subject to satisfaction of relevant conditions precedent
The latest from ii
'It took longer than anticipated for the company to issue us with the
certificates for this. This has set back the process back several weeks
unfortunately. Things are in progress but I'm afraid the nature of the process
means we're not able to give a projected date as to when this will be completed
because we are not directly in control of much of the process'.
Anyone able to trade shares with ii yet? my last communication from them was that they are still trying to transfer shares over! over 8 weeks now!!
This was an orchestrated SP lift on AIM for the purpose of complying with HKex minimum SP entry! all at the expense of pi's, we have been mugged ! I only hope the company contracts come to fruition and the market sees this as a good buy in price!
I should have learned by now not to trust any company, lesson learned....again.
This all smacks of mismanagement and dodgy dealings....pumped and dumped!!