Celadon Pharmaceuticals Share Discussion Threads

[fludde] 04/3/2010 14:38

Hardly surprising given the performance to date. Have to assume incompetence rather than corruption. End result is the same though.

Money taken from "gwai lo" now belongs to honourable Chinese.

Kiss it goodbye!

[buddyol2] 04/3/2010 13:15

It doesn't look good, the auditor resigned today. However, no circumstances given under Section 519 of Companies Act.

[buddyol2] 01/3/2010 10:08

22 days and then the share is de-listed from Aim !

[fludde] 25/1/2010 12:58

Won't be the first time! The question is whether they would relist this time...

[buddyol2] 25/1/2010 12:47

I have checked companies house. Essential Box Ltd is due to be struck of the register. Sweet China Trading Ltd is still active.

SWC has until 23rd March 2010 to re-list otherwise the listing is cancelled under AIM rules.

We will just have to wait and see !

[fludde] 20/1/2010 16:20

Company not reponding to e-mail! Their PC is probably broken again...!!

[william-just] 09/1/2010 09:16

Do SWC have any chocolate makers in the UK that are producing at this time.

[fludde] 01/12/2009 08:34

Yep- taken the money and run. Legal theft. Sadly not uncommon with companies that are China centric.....

[argy2] 27/10/2009 12:03

What has Tom Whingerfrith said about these? I gather they are in his fund.

[fludde] 24/9/2009 15:05

If it goes through the usual process

Financial irregularities
Suspension from AIM
Thrown out of AIM

Then shareholders will hear nothing more. Game over.

[buddyol2] 23/9/2009 16:56

Whilst the news is bad, if I am reading the statement correctly, SWC is not going to go into admin , just SEL. I assume therefore SWC will continue to be in business but the share capital reduced ?

[user75160] 23/9/2009 15:18

Well, well no surprise to see these suspended - it really is a disgrace how some of these companies have taken shareholders for a ride - I lost a packet on CYC and now see another 4 figure sum disappear - (I was gullible and believed that because they were into China we were onto a winner...) luckily made this back in other investments - but even with a reasonable business opportunity they cannot make it work - how incompetent are they.....(dont answer that - we all know the answer). I'll bet that these are never relisted and will go the same way as CYC, delsited for months then eventually liquidated once the directors manage to fleece the remaining cash out of the business.
!D!

[fludde] 09/9/2009 16:08

Wow- shady as you like!

Will they go under before they have to explain how they have spent our money.

Dodgy geezers......avoid!

[fludde] 24/8/2009 16:32

Someone buys a couple and it goes up. Not the usual behaviour. Someone clearly does not know the rules!

[hectorp] 03/8/2009 12:35

More like 'sweet N sour' here. Hee hee!

[fludde] 23/7/2009 13:30

LOL! Spreading the load for the next fundraising more like.....

[william-just] 23/7/2009 13:24

RNS Number : 1559W
Sweet China PLC
23 July 2009

?Sweet China plc (the "Company")
Holding in Company


The Company has been informed that Ian Walker, a substantial shareholder of the
Company, has disposed of 4,522,941 shares in the Company. As a consequence he
now holds 36,757,059 shares in the Company, which amounts to approximately 37.6%
of the issued share capital of the Company.
Ian Walker has brought his shareholding to below 40% in order to help bring in
new investors to Sweet China. The additional shares in the market will help
facilitate further new investors to participate in what is expected to be an
exciting year for the Company.

[greycioud] 21/7/2009 19:11

WJ

STALE!!

[greycioud] 21/7/2009 19:10

Bust very soon. Another CYC. Check it out!!

[steven1404] 18/7/2009 13:07

yes when in 20 years time

[william-just] 18/7/2009 11:11

This baby is gona move north and fast.

[william-just] 18/7/2009 09:30

Has this co any private share holders left.

[william-just] 17/7/2009 16:59

RNS Number : 8981V
Sweet China PLC
17 July 2009

?
Sweet China PLC
17 July 2009
Sweet China Plc
('Sweet China' or the 'Company')
Distribution Agreement with major Chinese Company
Statement re: Funding
The Board of Sweet China Plc (AIM - SWC), the AIM listed confectionery
manufacturer, announces a two way distribution agreement with Shanghai Guan
Sheng Yuan Food Ltd ('SGSY'), one of China's largest confectionary
manufacturers.
In the Company's announcement of 22 December 2008 it advised of the signing of a
Letter of Intent with regards to a manufacturing joint venture with SGSY. The
relationship is now further cemented by this distribution agreement. It will
allow for Sweet China plc's operating company, Sweet Essentials Limited, based
in Hong Kong, to distribute a range of White Rabbit products outside of China.
It will also reciprocate this by selling the Sweet Essentials Brands (Jessica
Walker, Lings and Candycraft) in China, where SGSY has an excellent distribution
network.
Since the 1950's SGSY has been producing White Rabbit confectionery, the
favourite of the Chinese leadership and the product was even gifted to President
Nixon on his first visit to China in 1972, by the then Premier of China, Zhou
Enlai. Ex-patriot Chinese all over the world have an instant recognition and
liking of this Brand which Sweet Essentials is planning to take to an even wider
audience. The Chinese market continues to grow at an impressive rate of 8% per
annum.
Commenting on the agreement, David Zulman, CEO of Sweet China stated:
"The signing of this two way distribution agreement further strengthens the
relationship between our two companies and is yet another important commercial
development for Sweet China. Sweet Essential products are likely to find many
new and excited consumers. The agreement with SGSY will give us access to both a
worldwide brand and the broadest distribution network of any foreign
confectionery company in China."
In addition, the Company is pleased to announce that it has agreed in principal
a debt facility of up to GBP 400,000 conditional on the signing of formal terms.
The Company has received a separate offer for a factoring facility which it is
reviewing.
These facilities will allow Sweet China to fund the build up of stock for the
peak selling season of Christmas. The debt facility is contingent on Sweet China
raising a minimum of GBP400,000 of equity on AIM which is an ongoing process.
Clearly, in the event that the equity funding is delayed or is not available
then this would put at risk the Company's ability to meet seasonal orders and
the Directors will need to reassess the future viability of the Sweet Essentials
business.