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Published 2635 days ago
Poor Julie Meyer. The Times this morning picked up on her increasingly bizarre attacks on ex employees, suppliers owed money and me on LinkedIn "Wow . . . just all I can say is freaking Wow". Indeed Julie. I pointed out to Julie's lawyer that her post on me was defamatory and he said he'd advised her to take it down but, hey ho, it stays up. Anyone who thinks citing the folks who send me death threats, shit in the post and more, because I was exposing the £3 billion Quindell fraud, as witnesses for their side is, I put it to you, keeping strange bedfellows.
Published 3408 days ago
There’s trouble at t’mill. AIM-listed Galasys (GLS) is turning into something of a soap-opera as boardroom infighting has spilled into the public arena. Quite what happens next remains to be seen, but as things stand shareholders cannot be certain who is actually running the company. According to AIM, Galasys’ country of operation is China. It is a holding company registered in Jersey, with its main assets rolled up into a BVI vehicle.
Published 3472 days ago
ShareProphets AIM-China Filthy Forty member China New Energy (CNEL) has announced a Statement re Press Comment which appears to raise a number of corporate governance issues. I wonder how the Nomad, Cairn, will react. The shares are flying – up by a whopping 186% last seen. Mind you, at 1.35p there is an awfully long way to go before the shares get back to the IPO price of 7p. But what is really going on here?
Published 3421 days ago
ShareProphets AIM-China Filthy Forty outfit China New Energy (CNEL) announced a memorandum of understanding with Sunbird Bioenergy Africa Limited on Friday, in relation to projects in Zimbabwe and Zambia. It also announced that the signing of any binding agreement would be treated as a Related Party Transaction since Mr Richard Bennett, China New’s sole independent NED (see HERE) is a director of Sunbird. I’ve already discussed the potential corporate governance Red Flag that I see from that (HERE) but what or who is “Sunbird Bioenergy Africa Limited”?
Published 3422 days ago
Shares in the ShareProphets AIM-China Filthy Forty outfit China New Energy (CNEL) have been on the up lately, rising from around 0.65p in mid-October to peak yesterday at over 5p a share, before closing at 3.7p. Quite a ride! This appears to have been on the back of indications that a deal was in the offing and yesterday some flesh was put on the bone.
Published 3419 days ago
Following THIS PIECE at the weekend we have had a communication from Mr Richard Bennett, the independent NED at ShareProphets AIM-China Filthy Forty member China New Energy (CNEL). To remind readers, we were wondering who or what was Sunbird Bioenergy Africa Limited - the outfit with which China New announced a MOU had been signed last week regarding projects in Zimbabwe and Zambia.
Published 3235 days ago
ShareProphets AIM-China Filthy Forty play China New Energy (CNEL) has seen its shares heading higher in the last few sessions on the back of expectations of contract developments in Zambia. It is all still yet to be confirmed, of course, and in any case the mooted deal seems a tad incestuous to me. Oh, and it involves an Investment and Protection Agreement (IPPA) – whatever that may be (but I fancy that an IPPA is a different thing to a contract!) Well blow me down with a feather: this morning we had a placing announced – at a very healthy 25% discount to yesterday’s close.
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