Member Info for scotlouie

no lock in period theyre free to convert and sell right away...

"The Loan will be converted automatically into ordinary shares of the Company at a price of approximately HKD0.481 (approximately 4.7 pence) per share on the Company obtaining regulatory approval from the relevant authority for the new listing before the Maturity Date"

when they recieved approval on tues they were free to see right from the bell and possibly tried to sell all of them for over 100%. they flooded the market creating huge selling pressure in the morning. leveled out a bit by midday but no knowledge how many (if the did) they sold.

i dont actually know how HKex news feeds differ from aim. they might not need to declare it i would need to read up on HKex news rules and what a comoany have to declare.

if double river convert their loan to shares should.be around 24M shares in total. with a volume of 108M traded up to now theres a chance theres been a few churrened out already. disapointing as didnt want to move over and same thing happen where a undervauled stock isnt loved again... got to wait up to 8 weeks bwfore i can even sell anyway so got time to recover and head above hk$1

double river could be flipping thier loan shares to make over 100%. if thats the case need to see them finished flipping and hopefully ease up the selling pressure.

not the start i was looking for but hey ho. it is what it is. still a few hours left of trading of their first day so lets see if it bounces back up. but not a good first day to be 20% from open.

would of liked to seen it up in both bright smart and phillip securities gray markets then we'd know were really in for a good day tomorrow when it lists.

small mention in "gray markets"

https://www.thestandard.com.hk/section-news/section/2/220901/Games-firm-up-50pc-in-gray

"In addition, China New Energy (1156), a mainland ethanol production system producer, rose 28.6 percent in the Bright Smart gray market last night, while it ended flat at HK$0.98 in Phillip Securities' platform."

sorry to hear that bossman. the mm's totally kicked the arse out of it today. with an unbelievable 400% spread at some points. just down right criminal and preying on the ones who would be forced to sell today not by their choice like yourself. they barely liftd the bid offer of 3.5p which was crazy. was sitting on a 50% loss at one point. im luckily enough my broker was HL and are able to hold onto these and sell in coming weeks but it shows you how currupt the aim mms can be. obv there is still a market for CNEL shares this last week and also right up to today with people being forced to sell and others happy to buy below 10p. but to have the bid at 3.5p was nuts!

look forward to the new chapter in cnels journey and hopefully it gets off to a good start tomorrow and end of the week. could ease the pain of aim market the past week for this share.

hopefully youll be able to get your share certificates and able to transfer them to a broker and sell your shares in coming weeks.

mms truely robbing pi's

romeo theyll all be in chinese lol. your best to keep this board active and investors can post relevant info/news ;)

sorry cm, im with HL cant help.

200% spread haha... thats nuts

since the crazy 140% spread when logging into HL its showing a loss around 15%... time i wake up tomorrow my should will be showing a 75% profit haha!! and thats from the first start. would love to see a even bigger % by close.

i think they dont want to hold any. with the huge spread they have wiped their hands with it and do not want to hold any stock so have a crazy bid of 5p knowing they can easily sell for 8-10p quickly if there are sellers at 5p.

90% spread.... seems fair!! (laughing emoji face)

the bid is even worse from yesterdays close haha.... bye aim!!

joey b the board should stay if its active. ive seen plenty of tickers where company delists but the chat on LSE is still active. be a good way to keep information flowing here until we all reach our target prices.

hertstrader74 if your through HL they should of sent an email out to you with charges. check your inbox. feom memory i think its £100 , £15 admin charge and theres a 1 or 2% commission capped at £50. so under £200 for selling.

surely we will see 10p on the last day on aim. a not too shabby 30% rise from here. then its all eyes on HKex to see what the first day brings which could suggest a good day with the oversubscribed offer. with a bit of luck boost it towards the 13p+ we all wanted to see pre entry

"The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering
have been significantly over-subscribed. "

good news on the lower end of listing price but thats alright. we have confirmation now! just need to wait for move on wed now :)

lets hope HKex appreciate the asset and ivestors get behind it!!

lets see what tomorrow brings :)

the HK$ vs the GB£ has slipped the past couple of days which means $1.28 is 13p at todays exchange rate. so listing price will be under 13p or under.

hoping for closer to 13p but no matter what way you look at it. listing price is still well above current sp :)