Post by
Bnkdeal on Jul 27, 2016 9:47pm
Safe approval
Just phoned jeo jade, same as yesterday. I agree funding is in place, but if you are familiar with chinese yuen situation, you will know it is a very hard time right now. The government is trying to control foreign exchange loss to keep yuen not devalued dramaticly. Actually the application is not submitted to safe, it should go to bank directly. However all over the china, foreign exchange is a intentionally slow process.
Comment by
QUANTUMJUMP on Jul 27, 2016 9:53pm
SAFE's primary purpose is approving the timing of the dollars leaving China . So to a degree you are correct As long as the money is good to go I am content The poster "Gibbons" who questioned if financing was in place should peruse Geo-Jades most recent filings - shortcut also an option .. email IR and ask
Comment by
LongRoad on Jul 27, 2016 10:35pm
Quantum jump can you post the link to the Chinese filing regarding financing. Thanks in advance.
Comment by
QUANTUMJUMP on Jul 27, 2016 10:46pm
if you inbox me an email address I will send you where I got the info
Comment by
Bnkdeal on Jul 28, 2016 12:34am
Can you please find out the filling date? I would like to know how long the application has been processed? The date of bank of china that issue the load? Thanks
Comment by
ImFineThanks on Jul 28, 2016 1:59am
No freakin way that thing is moving anywhere soon.
Comment by
QUANTUMJUMP on Jul 28, 2016 9:03am
Application ? For SAFE? or did you mean Bank of China as per filings a "back up commitment letter from the Bank of China to provide a loan to the company for the purpose of the transaction should they come up short" SAFE is all they wait for note - I offered the guy 100% confirmation of my post and did not get an inbox.