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A to E are dirt and were put through just around ipo so would be camouflaged. Lets face it. All these payments are for pr and boosting company profile and share price over 18 month period. Needless to say that 12 months later the share price pr and investor relations could not be in a worse predicament. All of which is at a direct result from secrecy, bad investors relations and zero pr. These payments cant be for a good reason. At least in F theres a £20 million pound in contracts in india clause attached to it. Time us investors get just reward by a dividend payment and no payment to directors and associates as a slap on the wrist. As for opening share price, I think it will go to 3p. Pplwill be jumping out of this company straight away. The directors dont want a high share price for some unknown reason.
Hey guys! We are getting a company update before the 30th of june. Its regarding the q1 results and an update on investigation. I have the Irish embassy on the case. lets stop sugar coating whats going on. BOD have treated us all like a bunch of idiots and tried their luck once too many. Ppl on here saying that bod were late with results. Get real. They have a real deep and thorough investigation going into bod and goings on of the company that us shareholders deserve.
We should be talking about dividend, hydrogen, zolite dehydration device, 1.5 generation technology, e20 india. Bod need a kicking and I am making sure they feel heat. They are not ppl we want running our company. I have requested that the dividend be paid outside the investigation. Remember we have 6 more months of profit since fy report. We should be popping bottles of champagne.
Theres going to be no happy ending from this. I suggest everyone here email ivy Xu and use any method necessary to put heat on these dopes. They are already frightened about diplomatic dignitaries getting involved. 3 weeks from 12 months on hkex. Its been a nightmare. I want bod to be having loads of time for practicing yoga where I want to send them for 10 yrs of there lives. Get real ppl. Get emailing and put these clowns out of a job. I personally want a clear out at the top. Its the only way we can move forward now. Email ivy and tell her that. Get onto your embassy and request help. Loads of ways to skin a cat.
Unfortunately this seems to be the way. Theres no happy ending. We own a percentage of a hen laying a golden egg but unfortunately the hen is eating up those golden eggs. This is a disaster. Obviously the investigation which is ongoing for 8 weeks now has uncovered stuff that needs further information. I just hope that all relevant ppl are seen to appropriately. They have put us shareholders through 5 yrs of hell. They deserve everything that comes there way. No sympathy from me. Everyday since ipo has been a heartache which has purposely been created by these ppl.
Who knows what is going on with cnel, what the timeline is regarding suspension. What they will find and how investors will react. I think its pathetic that we have contracts worth £80 million signed and worst website in history. Even when there backs to the wall they wont relay project news to us. I think we should all email ivy xu telling her we want website updated with every single contract win and specify timelines and worth.
On a more positive note . I found this article yesterday in relation to methane gas. Looks like our methane to hydrogen patents could have more benefits than just energy production.
https://news.sky.com/story/cutting-human-sources-of-methane-would-reduce-global-warming-and-improve-human-health-scientists-12298535. If we can get our ship back on track the pain will be rewarded. Remember its the BOD are fully to blame for this. They should be exempt from the dividend pot.
5 weeks since results were supposed to be released.
4 weeks suspended.
2 weeks being investigated.
How much longer will this last I wonder? I am thinking 2 weeks at least. Whoever is responsible for this is definitely off my Christmas card list.
On a more positive note, I think a dividend is inevitable after this. Bod should be exempt from dividend as a penalty for letting this happen. I am assuming that 2 months on from original deadline, we should have new contracts signed and maybe more progress on Hydrogen portfolio, zolite dehydration membrane and national development project on 1.5g. I just hope we are still listed on hk after this. Everything will be ok if we are listed.
Thanks for the reassurance. I am finding this suspension really tough. Going by the replys I think its fair to say ye are all confident that things will be ok. My opinion is that its a minefield and anything can happen in this investigation. Who knows what the boys have been up to. Its not cooking the books and ramping share price anyway. I have been of the opinion since 2017 when E10 China was announced that we are all on for mega bucks. How that hasn't materialized is beyond belief. Why didnt employees at coal face refuse to buy shares that were close to 700% discount from ipo price. Theres loads of things that would give you cause to lose sleep at night. But the industry that they are in is way too good to not prosper given any chance. I think a lot of state agencies bought into cnel on ipo day. I also believe government officials bought +20 million shares 2 month ago. Therefore they will ensure cnel wont go to the wire and ensure no more nonsense going forward. It was madness that we dont know any of these 40 contracts they won are. They are worth £80 million.
If listing is retained and nothing too outrageous comes out of this then I think investors will surely pile in as company has been highly scrutinised during this. All dirty lenon will be exposed. We are surely heading for $1.50 witha dividendand detailedfy report.. I hate saying it as at this moment in time I would be just happy with listing and $0.25. This is cruel but hopefully a new management team will be brought in and some big investors will hold company accountabile for performance and share price etc as should be the case anyway.
Richard Bennett is on Twitter being very vocal about getec. He is being very triumphant about 350k contract win. It will just show you the way he would run cnel if he was ceo.
On a more promising note. An article I came across today from Bosch's ceo. He believes that the market for green hydrogen in Europe will be €40 billion by 2030 with 65% annual growth rate. Now combine this with the ethanol business then our company is heading for £500 million mark soon. One place we can get methane readily is china with its monster urban areas. Throw into that the zolite membrane device, 1.5 tech major development project. We have a blockbuster company once ppl on the inside keep their business hats on and more importantly priorotise hk listing.
I have emailed ivy xu and Richard Bennett for comment on the suspension and they have not responded. I just hope our hk listing is retained as shareholders like myself have sufferef and endured a lot over 5 yrs for this.
https://twitter.com/JoSamps92/status/1385255210982027264?s=08
Well Biden set the ethanol industry up for a bonanza today. Huge commitments to renewable energy and carbon cuts. Biden has already indicated that he wants 8 times the current level of ethanol. Hopefully we can rejoice in this once we are trading again and all is good and well.
Sunbird bioenergy Zambia had an open day yesterday. They have 1750 acres of Cassava planted. Government officials were talking about E10 at the ceremony. 2022 was always the date set for the plant construction. If we can get over this suspension with our listing secure then bright future ahead.
I also seen Praj share price has rose 400% since may last yr. We should be the same or more. How much longer will this audit last do ye think.
4 weeks of investigating are now complete. Possibly even more. Surely it won't take much longer. I am thinking that Friday week which is the end of April. Lets keep positive. Hopefully we might have a hydrogen contract won by then and havd good news to report.
Thanks millsm. I always appreciate and value your opinion. Its 4 weeks this Wednesday since original meeting was supposed to be happening. So we should be near to completion of the audit. I am expecting a £1 million dividend so around 0.2p per share. The bod are proper idiots to put our company in this predicament. We should get an update on inner Mongolian project etc in fy report. We were full sure we were winning that contract and others in perspecus. Bod do not deserve a bonus this year over way we have been treated. Almost 40 contracts signed and we only know the names of 2 of them. Why is this. 10 months of silence. Its hilarious when you think about it and our shares suspended from trading. Its a company from hell. We picked the golden ticket but feels like a horror show. I would love for a big shareholder to come in and demand a new independent management team.
Whats people's opinions on this investigation and possible outcomes. I am of the opinion that we won't be delisted. Of course worst case scenario we would be. But if it were, surely the £24 million assets and £4 million in the bank would be handed back to shareholders. Its not us shareholders that are to blame for any wrong doing. We are the victims of the wrong doing.
Its baffling to think that a company spent millions to move to hk to absolutely sabotage the value of the company, reputation and credibility. If company had supported share price. Announced some of these contracts during the year and didn't waste £2 million then we would certainly be at $2 hk today. Whats next after fy results. Silence until September for interms. The bod are technically speaking trying to keep shareholders uneasy and the value of the company pitifull.
£6.13 million profits.
New contracts worth rmb722.2 million signed for fy 21 with 40 contracts in backlog.
New hydrogen from ethanol and methane technology.
Unbelievable results and continued growth of the company. If the £2 million didnt go missing we would be looking at £8.1 million profits and with contracts signed £12 million for next year. Throw in a dividend to that and we are 15p. Wheres this methane to hydrogen going to take us. I think we are on for a serious rerate very soon.
I am not worried about it to be honest. Theres 3 separate bodies chasing up on this. Pwc, hk stock exchange legal team and qp's acting on behalf of the neds. Therefore biased will not come into it. The hk auditors and pwc will put enough pressure on for everything to be straight and legitimate. I am still up 200% at 0.45. When the results are released it won't deviate from that by much. As well as the fact cnel will be highly monitored going forward for a long timer like myself is a good thing. Company has said twice that profits are on target at which I am assuming is £6/7 million which is still extraordinary for a £23 million market cap company. The champagne is on ice as far as I am concerned. RB staying in tells me everything is ok.
Theres over 50 companies suspended trading in hk right now over late fy results. This time last yr there was 384 hk companies with late fy results. The norm is trading suspended for no more than 10 trading days. So based on the fact that its 3 weeks close of business tomorrow that they are chasing this missing money. I am sure we will get an update this week. What a mess. Looked at my trading account last night and it said zero. This is scary times. Obviously it will be all resolved soon. I just hope Richard Bennett doesn't walk. He has enough going on with sunbird, getec, Mti to be caught up in this nonsense. We already lost nick brooks. Dont want to lose Richard.
Guys the bod went to hk to make the company a blockbuster. They would have kept it private if they didn't want a mega market cap company. My belief has always been that they are keeping quiet to release an avalanche of good news at fy results to stop day traders jumping in and out. I have been saying for 6 months that they would keep tight lipped until fy results. Apart from major blip the results are going to be excellent, dividend, new contracts and new technology that we have only been given a flavour of. The pilot project for 1.5 gen tech must be near completion now. I see in our patents list we have a fermentation vector for 2nd generation tech. Hopefully 1.5 gen, zeolite dehydration membrane device and a few other gems like inner Mongolian project will drive share price northwards by a factor of 3. I think we will have results by close of business Friday week.
Everything will be ok. I am not saying that to calm ppl or ramp. No point as trading is suspended. Richard Bennett sticking with it is the biggest sign. Also I was delighted to find that the shares being sold under 5p were by pi on here. If it were bod associates I would be worried.Everything will be fine. Reputation in the gutter but company will still be operating ok with big profits and big contract backlog. The big ipo investors or ned like Richard Bennett either requested this or are delighted this happened. Lets start dreaming about dividend again
Btw I am a seriously pi..ed off shareholder. The stress of the last months is something no money is worth. Anyone getting ready to sell at fy results were seriously burnt. I believe that we will be trading again in 2 weeks. This audit is guaranteed going on 10 working days now. Its centered around a small group of externals so I think from Wednesday 14th onwards we will be hearing fy report and trading again.