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What to people think the current market cap of this company should be? It's difficult to measure without hard numbers but massive potential has to be priced in somewhere?
If I was new and the market cap was £3M I wouldn't have thought that unreasonable. It's difficult to gauge.
I'm not filling the form just yet because might top up in next couple weeks. My numbers would be wrong. It looks as if HL would still hold them for me even if I didn't submit it.
Yes please. How do you think this is going to happen?
The company is fundamentally strong with great prospects but share price does not seem to sustain forward momentum.
Even towards the end of the original 3 months of first submission for HK listing we were bouncing around this price. I can't see what'll be any different this time.
The company needs some exposure, interviews.
I've messaged HL to ensure that there is no problem trading with them after the move. Probably be a couple of days before I get a response.
I might suggest transferring the shares from HSBC to one that deals with HKEX.
I'll let the board know what HL say.
I think you need to check to see whether you can still trade on HK exchange through your HSBC share dealing account.
I'm with Hargreaves Lansdown and it appears that they deal with HKEX.
Does anybody else have information on this? The question has been asked a few times.
Thought we'd have left 3p well behind by now. But sellers still about and not enough buying interest.
Because if PI's don't think there is money to be made then buying volume would dry up, death spiral kick in and the fund would ultimately make less money? So in their interest to support the share price and help it rise. Keeping P.Is happy would make them richer in short, medium and longer term.
Just my thinking with positive hat on :)
Spot on.
All the ramping is a bit distasteful given the actual company situation and the fact that that the share price is where it is through appalling finance arrangements, never ending legacy issues and lack of progress.
Now investors are expected to believe this is the turning point. It has become a joke stock and I don't want others to get conned and lose money here like I have.
The 'free PR' as virus fact checkers may have prevented the stock falling below .01 in the first couple of days of readmission.
It could be anything from 2 bag to 5 bag from here. We'll see
Maybe people are starting to take notice of this little gem of a company.
It might be that'll just adjust sp on entry to make the market cap 50 million minimum if it's not there by then?
The company is plowing on with disregard for all current shareholders and the majority of future shareholders who have been screwed over and will continue to be screwed over.
It would have been nice to see some sort of update recently to let us know how their operations have been affected by the lockdown etc...
I don't even know what's going on here anymore.
I thought they already had an agreement signed?!
Yeah, we've most likely all been shafted here so I'm working on the assumption my investment here is lost. The bod have limited time during this suspension period to demonstrate anything different. That funding agreement should be invalidated and a sensible one put in place, revenue demonstrated, contracts of actual worth signed...but like the majority I won't be holding my breath.
Shareholders haven't got 8 months of this. They've got 2 years of it at least. If you're picking up the equivalent of 800 ++ millions shares after the first drawdown and with 7 more...that amount of shares would take much time for them to shift.
This isn't really investable is it? There'll be day trading opportunities. A few happy punters when the fund allow the sp to rise 100% in a day from pittance levels enticing P.Is in so they can continue to fleece.
I'm emailing this eve when I've got time. I want this share suspended and the funding halted. I appreciate it may be unlikely. They can cease operations for all I care at the moment. I'm dubious about the vote count that passed these resolutions.
Last post here for a bit. Apologies for the increasing negativity.
EHGOSF pretty much own this company now. They will be able to control and manipulate the sp to maximise their profits. They'll hammer the price down in time for the issuance of a convertible loan note, effectively obtaining hundreds of millions of shares for the 250K drawdown. They could, in theory, own 90% of the shares before the expiry of the first loan note (12 months) if they were to hold the majority, only selling a few chunks of 10 M here and there to ensure sp suppression and lowest sp conversion note issuance each month.
Current shareholders will require 5 fold increase at today's price just to offset dilution. That doesn't even consider that most are already way underwater.
This has to be the worst financing deal ever. It's difficult to understand how there was no better option.
Perhaps they should just get on and suspend. It feels like a P.I scam. I wouldn't recommend anybody buy further shares here as it stands.