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Well based on the fact that we are gone past the time at which fy21 results are released, I would be expecting a double dividend as we were also supposed to be getting one last year. Based on that and fact company needs good pr i would be saying £1 million. Being optimistic £2 million but thats the most we will get. Thats just my opinion. I just want them to announce it and follow through with it. Couldn't deal with them postponing it again.
I am in great form since news of board meeting was announced. This dividend will be a game changer. It should be a double dividend for fy 20 and fy 21. £2million dividend would put alot of my grievances to bed. Roll on friday week. Better than that. Oil prices and energy security are exactly what this company needs. £200 million market cap by August and a huge hydrogen tech announcement.
I just hope they offer us a dividend. Be small offer of retribution to us shareholders. I want an update on the hydrogen tech. Thats going to be the crown jewels of the company. We should be offered a dividend payment to cover fy20 results and fy21 results
I like airing my frustrations by being dramatic. I honestly believe we will be fine. DLA Piper wouldn't have got involved in cnel case if they were purposefully trying to delist company. We will be grand. Richard Bennett is completely gone to ground. I have heard from him 3 times since start of December. He is very quiet on twitter as well. Hope his health is ok. Oil prices are really playing into sunbirds hands. Expect Zambian government to fastrack E10 there. They sent out tenders deadline back in February for ethanol companies. So legislators will be fast tracking that now.
If cnels technology is as good as I think it is then we are onto a complete winner. Just get us back trading. https://ihsmarkit.com/research-analysis/china-issues-first-nationallevel-hydrogen-development-plan.html
This company is not getting relisted. A whole year suspended and this is their response. Not even a signal of resumption of trading, as if it doesn't matter. Pwc were sent packing 9 months ago. How come new auditors weren't appointed back then and have all fy results up to date for end of march like all other listed companies. They are dragging us blindfolded into July. We know nothing about hydrogen tech, zolite dehydration membrane device, ethanol industry or jack squat. We are caught up in a nightmare.
I heard last Thursday that audit is with lawyers to sign off and we should be hearing very shortly. I am thinking by the end of the week. I got no details about when they will be released, what audit it is and if its enough to get suspension lifted or anything... think everyone is being seriously cautious incase they will screw things up. We are gone over yr anniversary of monumental screw up. Been a shocking yr.
Hey guys. Cnel are expecting a draft report for fy20 results by end of March. So going by that I am thinking we are looking at June before relisting. They keep moving the goal posts. I am completely fed up now. Lets face it ethanol and more importantly hydrogen are now highly desirable. we should be on for a monumental rise if this hydrogen tech is worth anything.
CNEL
MWI £3.7m net profit
£12m cash reserve
£54m market cap.
CNEL
£6.47m net profit
£35m cash reserve
£25.76m market cap.
How can CNEL be such a crap listed company given all the variables. We should be at least £150m market cap going for a like for like company. Share price needs to be at $0.25 hkd a share. Especially with green hydrogen now cheaper than grey hydrogen and price of fuel.
We have to get a dividend. 5.5 yrs I am invested here and need to see some form of a reward. Only future company has is hydrogen or ethanol outside prc. Think we will win a Sunbird contract in Zambia. Surely win work in india also.
Ethanol china is over. Government have implemented policies to stop corn use in ethanol. Hopefully Zambia or India will provide work. They better pay us out a dividend to stop us bleeding money.
https://www.yicaiglobal.com/news/china-to-strictly-control-corn-ethanol-production-due-to-short-supply-of-corn
Can you give me an explanation as to what might be happening with cnel atm. Something detrimental must have been found by the auditors. Why is there silence at such a crucial juncture
Hey guys, anyone got any information on whats going on. Ivy said auditors are still on site Friday but gave no indication of timelines. Anyone hear anything else. Someone said last week that theres an announcement coming with a timeline.
Hey guys. Ivy Xu told me that suspension can be up to 18 months. Not this 12 months described earlier. We should finally have audited results within the next 7 days. I am super excited.
Ivy xu messaged me saying that the next step is to get fy20 results and H1 results published with a deadline of end of February. This will hopefully open door for resumption of trading at the start of March. Now they never stick to there deadlines and this email was at least a month ago.
Where are you getting the resumption of trading in end of April? We were told end of March?
Looks like the hkex board are happy with the DLA piper review. Otherwise they wouldn't be making this recommendation. Also I would imagine that the 3 NEDs have been screaming for this since last April so I imagine this should be a quick process. Also its something completely achievable. I think we can take from this we are very close to resumption of trading.
I am now convinced we are on for bumper harvest. This company is delivering in the background. They have global ambitions which is what we want. I am really excited about green hydrogen in china. Imagine we have new patented technology to produce green hydrogen in a market with exponential growth. It in itself could make company £200 million market cap. The winter Olympic flame is fuelled by green hydrogen. PRC are showcasing hydrogen by doing this. Shows that its the future. Ethanol unfortunately isnt. Not in china. Arable land and tradition of famine will always put ethanol on back foot in china. I am staying for long haul. Embargo put on company with suspension so no bioneutra acquisition until suspension is lifted. So could still happen.
As for getting suspension lifted, its now in the hands of the Hkex board. I am assuming that DLA piper know the requirements for lifting of suspension and enacted on all criteria. Therefore I would think that if the auditors get fy20 results and H1 results in and a new procedure for dealing with contracts then we should be good. Again DLA piper and new auditors will make this happen. A thick box exercise from here I would hope.
Bioneutra has huge potential. Long term shareholders here might know that cne built the production line for vitafiber in Edmonton canada. Mr Yu and Bioneutra ceo attended same college in china. Bioneutra would be epic acquisition for cne. Vitafibre is a fibre that tastes as sweet as sugar. Its molecules cant be broken down in the bloodstream so stays in gut like a fibre. Bioneutra opened a new office in Chicago last yr and appointed a woman who has worked for pepsi, nestle etc. If one of these companies were to take on vitafibre then exponential growth. I think cne could really push this in china. Especially among the beer manufacturers that it already works with. Are you sure that Bioneutra acquisition is off the table. I think this will happen eventually.