Asa Resource Share Discussion Threads

[deadly heisenberg] 18/4/2017 18:46

So Mreasygoing are you in profit or sitting down on a -50% loss at best?

If you did not sell, why do you assume shorters will when they have the upper hand?

[deadly heisenberg] 18/4/2017 18:45

Where Chinamen are involved, you have to appreciate the risks.

Just like -50% today.


Chinamen mugs and go home to Shanghai driving ferrari by the Bund.

[deadly heisenberg] 18/4/2017 18:43

09/09/2014 UPDATE: JQW Proposes Special Dividend On Strong Interim Results

25/09/2014 JQW Unaware Of Reason For Share Price Fall, Says Meeting Expectations

15/10/2014 JQW Party That Breached Orderly Market Agreement To Buy Back Shares


21/09/2015 07:00 UK Regulatory (RNS & others) JQW PLC Temporary Suspension of Operations

02/12/2015 09:24 Alliance News JQW Shares Suspended As Nomad And Broker Resigns Over China Issues (ALLISS)


05/01/2016 07:00 UK Regulatory (RNS & others) AIM Cancellation - JQW Plc

[mreasygoing] 18/4/2017 18:38

It's not a Chinese company.

[mreasygoing] 18/4/2017 18:37

Shorters will have only taken positions after the announcement, any movement up tomorrow will see them closing quickly as they're only sitting on break even at best at present.

[deadly heisenberg] 18/4/2017 18:36

London Stock Exchange clamps down on Aim-quoted Chinese companies

Read next
Small-cap focus: UK regions

OCTOBER 9, 2015 by: Kate Burgess
The regulator for the UK’s Alternative Investment Market is clamping down on the management standards of Chinese companies, after board conflicts broke out at several of them.

The London Stock Exchange has told brokers acting as nominated advisers to Chinese companies on the junior market to review each client’s systems and processes to ensure they meet the standards for having their shares traded in London.

“Every company admitted to Aim is subject to regulatory framework not dissimilar to the rules for the Main Market,” the LSE said. “We periodically contact Nominated Advisers to ensure they are particularly vigilant in reviewing companies from sectors or jurisdictions where specific risks exist.”

It added: “Earlier this year, London Stock Exchange proactively contacted all Nominated Advisers to Chinese companies to ensure they review these companies’ controls.”

Each Aim-quoted company must employ a nomad to ensure it complies with the market’s rules.

Thirteen Chinese companies have left Aim since May 2014. Of these, six had to do so because they lost their nomad, while another two said it was because they could not publish accounts

The LSE’s clampdown came after the breakdown in relations between the non-executives of several Aim-quoted companies and the executives running operations in China.

In 2014 UK-based directors of Naibu Global, the Fujian-based footwear business, were forced to admit they had lost contact with their counterparts in China.

Sorbic International, a food additives company, was delisted when its nomad resigned. This was after the company’s deposed chief executive took control of the company’s cash and corporate seals or “chops”.

Roughly 80 companies from China joined Aim in the past decade, and only about 45 are left. Of these, five have had their shares suspended in the past month.

Most of the companies that have come under increased scrutiny are small businesses that floated before 2013. They tend to have market capitalisations ranging between £2m and £25m and their shares have been tightly held by the executive management.

The LSE said very few of these Chinese companies have significant numbers of retail investors.

Just this week, the nomad to China Rerun Chemicals, a lubricants business, resigned saying it had asked the company to commission an independent inquiry into systems and processes but the company refused.

China Rerun issued a rebuttal on Friday saying it had not refused to commission a review but the request had come during a Chinese holiday and the nomad had asked for £25,000 in extra fees. It added that the nomad had queried, at the LSE’s behest, several related-party transactions in the accounts. One-third of the company’s shares are owned by the executive chairman.

Last month, Camkids, the children’s clothing company also based in Fujian Province, was suspended when its nomad quit. This followed board ructions over a plan to pay most of the company’s cash to three distributors.

China Chaintek, a logistics business, was suspended after its nomad quit last month. It has until Sunday to find a replacement.

This is just the latest in a series of unusual altercations over control and governance between directors of Chinese companies and London-based advisers and non-executive directors.

Gate Ventures was one of the more unusual companies to be delisted. It was floated as a media business in April and was briefly Aim’s best performing share before its expulsion.

By contrast, shares in the five largest Chinese companies on Aim — including Hutchison China Meditech and Asian Growth Properties — have risen at least 70 per cent in the past five years.

[king goofus] 18/4/2017 18:28

tomorrow early morning stampede to 0.5p?

[king goofus] 18/4/2017 18:27

Chinamen came with Chowmein offering and they left sacks of £. LOLOL

[big bear billy] 18/4/2017 17:45

OK frauds and auditors going thru the books and it's totally overdone.

The chumps will flooding this thread over done, thinking they can ramp, while big holders dumping on them.

Good luck in your thinking.

[casabella2] 18/4/2017 17:41

Sp drop totally overdone in my opinion.Got funds ready if it begins to bounce tomorrow.Easy money.

[big bear billy] 18/4/2017 17:09

Good luck to you.


I may reverse at 0.1p before suspension and administration.

[mreasygoing] 18/4/2017 17:08

In for a penny in for a pound.

[plasybryn] 18/4/2017 16:44

Big bear: it sounds like you are delighting in folks misfortune.Would you say you've made your point or do you think we are all so thick we need you to keep repeating yourself .

[big bear billy] 18/4/2017 16:28

How many delayed reporting sells?

which big holders will keep holding here? They will cut their losses.

[big bear billy] 18/4/2017 16:27

How do you know any statement from this outfit is to be trusted?

[big bear billy] 18/4/2017 16:26

how do you know books not been cooked previously?

[mreasygoing] 18/4/2017 16:25

A few million dollars and half the market cap gets wiped. Get real.

[big bear billy] 18/4/2017 16:24

Keep shorting my people.

Tomorrow morning a quick ride to 0.5p

Bankruptcy looms

[big bear billy] 18/4/2017 16:23

Letmepass.

How many times I have stopped you from exiting in stampedes? with -80% losses? LOL

You been a good customer over the years. You and your mate letmeIN, have made me money on my shorts.


Let me guess you bought some of these worthless shs now, because it's down by 56%. LOL

[mreasygoing] 18/4/2017 16:22

On a brighter note gold is now at $1287

[big bear billy] 18/4/2017 16:20

some idiots bought 500K at 1.25p when spread was 0.95 bid 1.1p offer. Paying even a 13% premium for it. LOL

You can't exactly feel sorry for these kind of idiots right? an immediate loss of 24%, when the share price already down 51%.

now nursing 36%.

Most probably tomorrow morning this fool will be down -70% on that specific trade.