Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Nobody is angrier about the silence from bod, inaction regarding share price but if you were in their shoes they are probably doing the right thing. Let's put everything into perspective. The bod and their families own 70% of the company. The shares bought on ipo day were bought by ppl who had one to one meetings with the bod on week leading up to ipo. Thats probably 80% of the company owned by very few investors who are well informed in relation to the companies performance. I am 99% sure that the bod are amassing a huge amount of very positive news to release all at once to make a considerable share price increase. I am talking about a multitude of different positive fronts.
Acquisitions,
Dividends,
New technology,
Share buyback,
Record profits.
Might be painful now but the fy results are a maximum 4 months away. I might be in a box 6 foot under by then but we are all being negative when we know that theres greater things ahead. India is gone in big on E20. Type in ethanol india and see whats happening. The browns are about to go in big on acquisitions in the SADC. Thats 12 countries in southern Africa. Ethanol is driving forward so the doom and gloom on here is only satisfying impatience. I will say this about Richard Bennett. I have found him to be 100% genuine. I haven't heard from him since ipo but he has had no reason to respond to me as we all now know. Heads up ppl. We are after getting a £5 million company listed on the hk stock exchangee. Remarkable achievement and one that will make bigger shareholders very wealthy I am convinced of it.
Zkty website updated with rubbish about getting relicensed for manufacturing work. Are you kidding me. What company puts this up as a news item. Think its fair to say that company must have lost a lot of these new contracts when they are publishing this rubbish over a £50million inner Mongolian project
Absolutely heart breaking to see an Irish company like eqtec increase in share price 5 fold since April. Our wasters on bod have pot loads of cash and havent even got trust or support from cnel employees to buy shares at 1.5p. If we had a board like eqtec we would have diversified into other areas like anaerobic digestion to sustain workload. 1st generation biofuels are around since the dinosaurs. I would love to be at an agm with a microphone to give these clowns a piece of my mind. They should be coming to Ireland begging to be chinese partner in eqtec technology in china. 5 months since ipo and its still worst performing company in hk. See Richard Bennett has distanced himself from the company on Twitter. He has more pride in his roles in sunbird and mickey mouse mwe.
Why has Richard Bennett gone completely silent on Twitter. He has posted nothing cnel related since ipo. These new projects announced on zkty website definitely deserve a mention on Twitter. Remember they had an rns saying that they were having a meeting to come up with a plan to boost share price. Next week will mark 5 months of complete silence. This inner Mongolian project and all other projects in prospectus now seem like a myth. Remember the supercare project in Ghana, sunbird sierr Leone, Nigeria, Zambia and Zimbabwe. Hungarian project. Is it all same nonsense talk on new exchange. Seems to be. Remember this company did a share issue to do field studies in Africa. Where? With whom. Praj won project in sunbird Sierra Leone. One day we will wake up and what we dont want to believe will have become a reality.
Excellent find. Wow this looks like a huge opportunity. I am a biotechnologist by trade but this is more chemistry related. Can someone break down in simple terminology what exactly they are trying to do. It sounds ground breaking, they are using cellulosic feed stock. Is this the 1.5 generation technology that they were talking about as a pilot plant? I see the term water in there a lot which kind of scares me.
I am actively pursuing my share cert through davy stockbrokers in Ireland. They still haven't received them from bank of America. So can bod be true to their word and wait for all aim shareholders before releasing news. I am thinking its at least another 2 weeks before I will have my certs.
Hey guys. Its time to start pooling our resources and start some proper heat on the board. Something stinks and its time to launch an investigation. We have been duped into carnage. A rns stating that they are having a meeting regarding a share price plan and the share price drops a further 50% since then and no action from the directors. It's on a downward spiral. If pwc did the accounts like they are supposed to have then directors should seriously consider ceasing trading and paying out shareholders from whats in the bank after all contracts that are still legitimate are complete. Huge volumes traded today at yearly low price. Its a fire sale. 1.5p that directors paid per share will soon be perceived as expensive.
Could you have another RNS stating that you are having a meeting to discuss a share price plan. Been about the best thing you have done for shareholders since july. Or better take £5 million from the kitty to do a share buy back of equal amount of shares from ipo at 5p. Now I personally would snap your fingers off for 5 p. All other shareholders should see it as good business as it is £5 million profit for nothing as same amount of shares as pre ipo.
Hilarious that you think E10 is still going to continue without a feedstock to produce it. Would you build a cheese factory if there was no milk to supply it with. This isnt even a conversation that I am going to have on here. 60 million tonnes deficit in corn means all contracts for cnel are pulled. The directors knew this back in july when typhoons were devastating farmland. That's why employees didnt take up share issue. They see the blood in the water.
I think you are deflecting from reality. Chinese government have already stressed that ev is the future of Chinese transport. We have no contracts outside of china. Always going to be a disaster. 60 million tonnes of a shortfall in corn just says forget about ethanol. I said here a few weeks ago that cnel have to diversify away from corn to ethanol. Its not the future. Reason why the chairman and board are so quiet is because they have nothing but negative staring them in the face. All those 49 contracts. I bet most of them are put on hold. Who would build an ethanol plant when they cant produce ethanol. Thailand have announced an ambitious new E15 mandate. Unless we get work from there we will have 100 staff on tick with no work for them to do.
Richard Bennett. Plz advocate for British shareholders to shut up shop and give profits from previous yrs back to shareholders. The future of the company has hit a brick wall. Do the honourable thing and give shareholders money back.
As most of us anticipated. The Adverse weather conditions in China have annihilated our contracts. Bloomberg ran a story today about how all ethanol projects in china are on hold. Corn shortages and over priced corn have put a stop to ethanol blending. All contracts cnel have signed are probably on hold. No wonder directors are quiet since ipo. This company is always destined to fail. Chinese government are facing a corn deficit of 60 million tonnes. Feeding the national and livestock has taken precedence over ethanol. Our company will not win a Chinese contract anytime soon. Best thing to do now is close shop and give all shareholders an equal slice of the pie. No point dragging us all through yrs of wishful thinking. No wonder share offering to employees weren't taken up.https://www.bloombergquint.com/technology/hungry-hogs-spark-a-green-fuel-rethink-by-chinese-energy-giant
Come on guys. They are a legitimate company. PWC went through their books for the last 5 yrs to launch on HK so the days of speculating fraud or the likes is non runner. Its the directors secrecy around company contracts that I can't understand. 49 contracts in a backlog and I dont no the nature of any of them. What frightens me tho is the fact that the company didnt execute the full share option. Only 80% of the shares offered to the staff were bought. 39 million shares bought. 49 offered. These are ppl on the ground that know what's happening. It's scary that they didn't buy shares at 50% the current price or 14.7% the ipo price. This is worrying. The silence of directors says 2 things. Letting dust settle after disastrous ipo or building a bumper rns with acquisition and bumper contracts like inner Mongolian project. 7 weeks to Christmas. 5.5 months since ipo Christmas will be. Something will surely be announced by Christmas.
Can you give us your opinion on inner Mongolian project. Silence of directors and overall perspective of the company
I disagree with contracts having to be announced. In interm report they announced 21 new contracts and 49 in backlog. These were never announced at time of signing. Ye hardly believe they were all signed on morning of RNS. Therefore inner Mongolian project is probably signed. I am tortured more by operations of this company than anyone. My fear is all contracts are pushed out after flooding destroyed huge quantities of corn. Either way directors are driving psychological stress on us shareholders that's completely unwarranted. They are useless business ppl and horrible to be dealing with. Big move needed to restore investors confidence after move to hk that has added 150 million shares to the company. Was 444million shares in issue Now 590 million in issue.
When is HK AGM for cnel. My share certs have not arrived yet. I was told by the 1st of November I should have them. Every day we hear nothing is a day closer to hearing something. Obviously they are accumulating a monster RNS by holding everything back. I am sure hk investors from ipo were also told this. Hang in there ppl. Pay day is approaching. Remember £600k from directors share option is also gone into profits kitty.
I was told that I wont have share certs for another 3 weeks. The directors said they wouldn't make a move with announcements until we all have share certs so they can wait on another 3 weeks. No shares traded last night. Cant imagine too many want to buy. They made a suggestion of an acquisition with proceeds from share issue. Hopefully diversifying from ethanol. Hopefully a bio plastic or something from bio refineries. Kerry ingredients pledged to change out all their packaging to bio plastic. Bank of Ireland atm cards are made 80% from corn. Something like this would be great. Ethanol in long term is highly volatile. carbon capture to ethanol, waste to ethanol are the future along with ev.
Richard Bennett. Can you plz disclose the reasons behind numerous RNS between 2015 and 2016 regarding cnel and Sunbird bioenergy? Why was there a contract awarded to Praj and not cnel in Sierra Leone? We deserve an answer to this as too many ppl were enticed into buying shares in cnel because of the constant flow of RNS on CNEL linking it to contracts with sunbird bioenergy.
I just checked up the Sunbird bioenergy website and seen that praj won a contract in Sierra Leone. This is the biggest insult to shareholders on any stock exchange in the history of man kind. All those RNS about sunbird bioenergy and huge share price increases and then they award the one piece of work to an Indian company. Can we get an official response from Richard Bennett in relation to this. Shambles of a company. I actually hate it now. Constantly watching how the directors are going to stab us in the back next. I ain't going to let this praj contract go. I am going to make this a personal thing. Sunbird bioenergy is the main reason I was duped into investing in this company. I am going to ask Richard Bennett for an official statement here and on his next propaganda tweet. If you seen this on dumb and dumber movie you would think this is too outrageous to ever happen.