Member Info for millsm

I've waited to respond on the announcement from last week to digest what are the implications. Bottom line is the investigation is done now and they just have to preset it to the exchange to justify re-trading in the next few months. They weren't very cleaver in paying fee's up front and didn't get the best deals on the consultancy but the BOD's are confident they will get returns. Only time will tell if this was a good use of company money but it does tell us the company is after growth into new markets and is using the IPO cash to get it. Without ay updates on opportunities, future orders, sales and profit its hard to tell what evidence they have that these payments have made. The report has confirmed they were not out off line payments for the industry and I am positive the company is looking at global markets as well as home growth in China, that surely has to be very positive. At the end of the day its the results that will show us the real progress of the company since suspension but at least they have a road map now to begin trading again. They need to clean up their act in the next few months, new auditor to release last years results officially and get this years ready to go, get the report to the HKEX and get this back on the trading floor. Lets just see what they have achieved results wise as they could deliver a stunning set of results or something mediocre, but they do seem to be aiming to be trading again when they are released which sounds positive to me.

Not sure how much cash in the bank they will have as that depends on sales, growth and investment for the last year. Without any real updates for the last 12 months its hard to tell where they are. Although if they have been following the same trajectory as the previous year theirs no reason why the company isn't in very good shape. With new auditors on board now at least they are preparing to deliver some accounting updates the exchange and share holders. About time they got this mess sorted as they must be laughing stock of the HKEX based on the mess they got themselves into and the time its taken so far to basically be suspended within months of doing the IPO. which they were all shouting about before hand.

Although every timeline with this company seems to drift if not fall away completely, it does seem they have asperations to be trading again by the time the 2021 are due to be published. Thanks for the update everyone as we have another few months to wait to see if things actually happen.

Delisted doesn't mean you lose everything as we are all part owners of the company (by percentage, however small that is). Unless the company ceases to trade which means the Chairman loses everything to, only then we would loose our money. If the cease trading on the exchange they have to find another way to communicate with share holders and manage our investment directly, its why companies use exchanges to do the work for them. Don't get me wrong I'm sure it would be messy but the burden would be on the BOD to own negotiations with the share holders. I am not sure if they would lose their control too as currently we are all legally bound by the rules of the exchange which gives the majority shareholder power in the company. If its a free for all and the minor shareholders want to push back it probably opens up a legal challenges, as the BOD could hardly show diligence in the running of the company based on the delisting (should it happen). I am sure they will get this sorted as the Exchange would find it very embarrassing too for a newly listed company to be kicked out without really trading.

The amazing thing is that Ethanol prices have doubled since this time last year when the share price suspended. This can only double the value of any business cases for building new plants globally.

https://tradingeconomics.com/commodity/ethanol#:~:text=Ethanol%20is%20expected%20to%20trade,0.79%20in%2012%20months%20time.

Sounds like they are trying to get this back up and trading but it does seem to be an incredibly slow process. Lets hope we get a good news message this side of Christmas about a trading update. Also I think the BOD have to be thinking about how they reward shareholders for this mess to give the SP a boost once they get the paperwork done.

I think if the BOD don't get this trading soon they will have to consider buying out existing share holders or selling the business on to a third party, a fair price would have to be at the IPO evaluation as that is what they had the company valued at. They cannot justify not getting this back on the exchange soon based on their actions as they have to release the shareholders from the company at some point if they want to sell shares. Hopefully in the next few weeks they can get this sorted and back on track. Good luck everyone as its been a very long delay so far this year.

Not much but as the share has been suspended I have had my dealing account showing Zero Value for the last 6 months so not had to pay any fees on this investment. As I’m long term and looking for the real value in years to come it’s saved me a few pounds on what is a large’ish investment. News very soon hopefully and we can see the value really start to show as the company was independently valued a year ago at a minimum of 10p a share for the IPO and we should be seeing another year of profits to add to that soon hopefully. GLA it could be a nice Christmas present if this finds it’s feet again

At the end of the day the BOD own the majority of the shares and they can’t trade either or capitalise their investment until this starts trading again. Can’t believe the slow pace it’s taking to resolve this but the company was valued at 10p a share at the IPO and if they are saying the core business is operating as normal then it should be still worth a descent price. Somehow they have to get this audit done and get back to normal trading ASAP.

The BOD are out of time now they must update the market and shareholders in the next week or so. It’s been going on for long enough now. I’m positive that when it comes it should give the share price a boost if they’ve been doing what they’ve been doing for the last 4-5 years. Good luck everyone as we’ve had to be very patient and hopefully we will see some reward in a share price boost.

That was announcement that tells us nothing!

Its incredibly frustrating that's for sure and our share in the company is just that, a share in the company so whichever way this goes we are effectively own our piece of the Pie. The BOD even if it gets de-listed (which I believe is highly unlikely) have an obligation to share the companies assets and value to its investors. So they either manage that themselves through doing all the admin and updates directly to all investors or they do it via a share issue like they have on the HKEX and someone else does all the heavy lifting to make sure it can be traded fairly and your investment can be sold or traded.

Interestingly I invested £500 in Brewdog recently which isn't a listed company (not a good investment by the way as the value to share ratio is poor) and the only way they could manage the holding is set everyone up with computershare accounts to show the official holdings as they needed some mechanism to show your ownership share (even if its tiny). The shares cannot be traded currently as they have no official value on any exchange but my share of the company is officially held even if its in limbo. They plan to list in the next few years which will them allow the shares to be officially traded in the open market or if they are bought out someone would have to buy up all the small shareholders individually. It is a very interesting example of a none functioning and none market investment scheme within the UK that doesn't have an exchange behind it. I put money in as a matter of interest more than anything to see what happens with them as the majority of investors are customers so effectively by buying their beer your are increasing your value in the company and adding to brand loyalty. the purchase scheme ends tomorrow and its a bad investment looking at the numbers but very interesting though.

https://www.brewdog.com/equityforpunks/welcome?code=R097238

Thanks for the update as it does give some view that somethings happening, I am still very optimistic that thigs are progressing and should be good very soon. My main feedback is that regardless of suspension some positive news from the chairman as reassurance isn't to much to ask even if its just to say they are getting this sorted. Problem is he owns most of the shares so doesn't seem to feel the need to pacify everyone else that doesn't get regular updates. I am pretty sure if none of his team were keeping him up to speed he'd be on the case straight away to get the latest news. They just need to think of others that are invested rather than just themselves on what should be and probably is a booming company that's doing very well.

The exchange should be demanding a statement from the Chairman as this is unacceptable

The stand seemed to be in conjunction with MCC China and they have a good news feed, maybe one of CNEL's projects will flag up on there one day.

http://www.mccchina.com/mccen/index/index.html

I think they got rid of PWC to get through the audit and get back trading quicker.

The directors have brought in new auditors to get this sorted so someone must be ready to push the button soon to get this moving again

Not sure if this is relevant but on the last company update (on there website) they seem to have a joint trade stand with MCC Group in the photos. Added the link to their website as it might be of interest to see what they are doing.

http://www.zkty.com.cn/a/202107/551.html

http://www.mccchina.com/mccen/index/index.html

http://www.zkty.com.cn/a/202107/551.html

In the update they wanted everything signed off by the 15th July as a deadline for the previous auditor so I wonder if the new one has the same deadline. I guess we will find out tomorrow and hopefully we can get this show back in the road very soon.