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Asian Citrus Share Discussion Threads
Showing 6626 to 6646 of 6650 messages
|I do not see the cancellation of our AIM quotation as conclusive evidence of our shares being worthless although they may well be.
If and when the mystery of the evaporating cash is ever resolved, ACHL could be resuscitated and dealing restored in HK if not on AIM.|
|great, let's have a party|
|glad I got out a LONG time ago, the announcements have lacked the signs of a credible business for at least as long.|
|What good would that do, the company is based in China, the non execs have got precisely nowhere in trying to establish the facts. If you get to the situation where even the auditor can spot the fraud the writings on the wall. This ain't coming back IMO.|
|maybe some sort of shareholder group should investigate why all the phoney baloney|
|Yeah, I take it back. Another delay to publishing accounts announced today - still no timeline for when they will be ready. What a shambles|
|Not sure I agree they're edging forward, todays RNS suggests that no progress has been made in substantiating the allegations.|
|Another update today... sounds like they are inching very slowly towards resumption of trading|
|do they own the land that the groves are on, and if so, what is that worth on the open market ?|
Suspect AIM delisting late March, sorry state of affairs.|
|RE: Nerdofsteel 29 Nov '16 - 10:27 - 4405 of 4406
no assets? what about all the orange trees?
.. how much would you pay me for just the diseases on the orange trees? i'll even throw in a free typhoon.|
"Asian Citrus Holdings Ltd - AIM and HKEx - ACHL
wigwammer - 26 Feb 2015 - 14:57:21 - 4026 of 4403
Post 4023. Long on rhetoric, short on numbers.
If your basic premise is that the auditor, baker tilly, have got it all wrong, then of course there are no assets.
But then you could make the same claim against any set of accounts that's ever been produced.
No idea what the connection is with langbar."
Langbar was an AIM company which claimed to have massive cash balances way in excess of its market cap. The auditors went off to Brasil to check it out and as they entered Banco de Brasil were met by a 'representative of the company' who took them into a side room and showed them a Certificate of Deposit for $275m with a promissory note for another $295m to follow. When it all collapsed, it couldn't be established who that 'representative' was or whether the bank even knew the auditors were on the premises.
Now re-read #4401 and see if you get the connection now, wigwammer!|
|my retirement fund29 Sep '16 - 13:45 - 126183 of 126184 0 0
what a looser he is lol
HEY Coco, don't you mean "loser"?
|The auditors of the Company has reported to the Company that they have met with a person who claimed to be Mr. Man Gui Fu ("Mr. Man"). Mr. Man is a minority shareholder, director and general manager of the Company's subsidiary Beihai Perfuming Garden Juice Co., Ltd., a part of the Group's fruit processing business acquired in November 2010, and Mr. Man also holds positions in some of the Company's other subsidiaries.
Mr. Man alleged that there are inaccuracies in the books and records of certain subsidiaries of the Company, and has provided to the auditors a document purporting to be a copy of the bank statement for a period from 1 January 2016 to 30 June 2016 of Lucky Team Biotech Development (Hepu) Limited (which is a subsidiary of the Company). Prior to receiving the above set of bank statements, as part of the audit procedures, the auditors have previously reviewed the original bank statements provided on site by the relevant subsidiaries of the Company.
Further, the auditors of the Company has also reported to the Company that it has received written correspondence which appeared to be sent by a person named Mr. Chen De Qiang ("Mr. DQ Chen"), whose name matches that of the finance manager of certain Chinese subsidiaries of the Company, which indicated that certain amounts or balances in the internal records of certain customers or suppliers do not correspond to the internal records of the Group.|
|Note in the report the words appeared to be and claimed to be. Wouldn't it have been a good idea to verify the identity first so these words would have been unnecessary?|
|The Aim structure is money making machine for all parties involved, that is apart from the investors (cannon fodder)who have to take on all the risk in a somewhat lawless business environment. By having nomads which are advisors, brokers, market makers which are paid by the company is a recipe for disaster. Why would a Nomad flag up problems with its own employer ? And if the company is based overseas then all the better then everybody involved can stick their heads in the sand and plead ignorance.
Sorry if this is slightly off topic here, but i noticed after the RNS yesterday nobody had said boo about the suspension, so better here than anywhere.|
|The situation here has less to do with Aim and more to do with China IMO.|
|The shocking situation on Aim and its very light touch or head in the sand approach to blatant fraud will come back and bite them hard if not destroy Aim. A class action against them must be soon on the cards.
Here's the link to R4 program the other night.
|Lol so this plain and simple fraud will come as a massive shock to investors - NOT !|
my retirement fund