Member Info for saigonsally

Thanks franco, I see serious value here...

Am I right in thinking that we invested in Internet Computer? It crashed by 90% after listing but has staged a remarkable recovery over the past few weeks. I have independently bought into IC via Revolut as I see steady progress in the direction of the listing price over coming months which, if I am correct in thinking KR1 bought in, should help the share price along nicely.

Thanks Daibando, did your gold discovery lead you on to geology? But the fact that the gold is there to be seen is hugely encouraging and I have topped up - yet again

So how does this work, RGO get shares in Conduity (formerly New Trend Lifestyle Group Plc)? Why not cash? This is a shell company whose shares have been suspended for months. Assets appear to consist of a website put up by a couple of wide boys and less than £1m in cash. What's the deal for us shareholders or is it jobs for the boys? Can anyone convince me this is a good deal for RGO shareholders. Seems dire to me

Amones,
Yes, an interesting question and I have no idea what the answer is. But if Christopher Wood is right in his assertion it would appear there will be a wave of delisting in America in coming years. Presumably American investors would then buy in London or Hong Kong so I hope the overall impact is not serious.
I note, Jatw, that HCM is a Cayman based company but as its operations are so heavily focused on China one would imagine they would need to comply with Chinese government accounting and listing rules. The Bloomberg "interview" with CH was as you and Davey say wholly reassuring and measured so I have no concerns. I wonder if an American delisting would lead to a proper listing in London?

From Zak Mir:
The past week has seen investment announcements from star digital asset specialist KR1 (KR1). On Thursday we heard of a $100,000 investment in RedStone Finance, while to end the week it put $269,892 into Interlay, in return for 1,224 Series Seed Shares. KR1 invested in Interlay, with the likes of IOSG Ventures, Zee Prime Ventures and CMS Holdings. Interlay’s flagship product is interBTC, a fully collateralized one-to-one Bitcoin-backed asset. It may be that KR1’s timing on these two deals is on the money given the latest swing in sentiment towards crypto, with Bitcoin back towards $40,000.

This week's Greed & Fear from Christopher Wood focuses on China. He is optimistic and continues to recommend investing in China.
However, we have to consider how much longer HCM can maintain its American listing. I assume we are one of the 14 referred to below:
"This, of course, is in addition to the existing threat posed to Chinese companies already listed in America in
terms of conforming with American accounting regulations, a task it is impossible for them to do without
breaking legal requirements in China. On this point, the US Senate passed on 22 June the Accelerating Holding
Foreign Companies Responsible Act which requires Chinese ADRs, and other foreign companies, to comply
with the Public Company Accounting Oversight Board (PCAOB) audits within two consecutive years instead
of three previously. This suggests that all US listed Chinese companies will need to delist in America sooner
or later; and relist in Hong Kong and/or China. So far 14 have already done secondary listings in Hong Kong
with many more expected to follow."

Nice to see 13 breached the HK$70 mark in morning trading today.

From Wall Street Breakfast on Seeking Alpha:
""Even when you think China risk is priced, it can get worse," Goldman Sachs wrote in a research note. "The government could come down much harsher than expected penalties for Tencent, they could implement much stricter social insurance programs for delivery drivers/temp employees, they could crack down on other industries viewed as a threat to social cohesion (SFV? Livestreaming? Who knows.)"

While Beijing has tolerated conventional regulations on certain sectors in the past, the government now looks ready to kill whole companies or entire industries. One doesn't have to look far to the recent pulling of Ant Group's (NYSE:BABA) IPO or the DiDi Global (NYSE:DIDI) fiasco that shook the investing world earlier this month. China has pointed to financial risk, antitrust concerns and national security violations, but its acceptance of stockholder pain for long-term social control appears to have some market participants reassessing Xi Jinping's Communist Party."

Not a threat to HCM but harming market sentiment

The Chinese government has been attacking Chinese companies listed in the USA and this is making them "uninvestible" in some eyes. Hitherto the self inflicted wounds on Chinese businesses have been largely reserved for people like Jack Ma seen to be becoming too successful. Let's hope sanity prevails as the whole China model depends on buying people off with materialism.

Re 5 Eyes: Thank you Lodes, a very interesting report, thanks for digging that up.

Elir, what's wrong with this board? Some of us don't have and don't want FB. This is the place to turn to.

Thanks for confirming Nick.
SS

No wakey wakey needed. You do not open a factory just to supply 3000 vehicles. Particularly when you are only supplying one component

Holland? I am sure you're right but not for Arrival which has two "microfactories*" in the USA, one in England and one in Spain. It would probably be a good idea to open a factory in the USA.
*why microfactories, are all the components brought in ready for final assembly?

Pablog, Could not agree more. One could understand someone deferring a buy for a short while but to be actively selling at this stage in the game is beyond comprehension.

Amones, correct. To see HCM maintaning these levels is a heartening sight after years of frustration and underperformance. The comments and insight of fellow holders on this board have been valuable to me and I am sure will prove to be so for new holders. I think Davey has announced the conditions of his 'retirement' from this board and it will not be for a long time yet - by which time we will be considerably better off than we are today...

well, so long as it's not Nick L...

No chat here? why are we down 13% out of the blue with no RNS. Even that utterly useless Pires is only down 6%

Well I was wondering about that because if you scroll right down to the bottom of that RNS you will see not only Jean Eric Salata but all all sorts of complications with Chain 1 Chain 2, Barings, Rhapso etc etc. I could not understand what was going on...