GREY:WFREF - Post by User
Comment by
BlueCollar51on Jun 03, 2016 2:41pm
129 Views
Post# 24932434
RE:Changchun Sinoenergy up 6%???
RE:Changchun Sinoenergy up 6%???yetta wrote: Hmmmm, I wonder what, if anything, that means??? Exchange was up only 0.5% but Changchun stock was up 6% on BIG volume. Stock price now ABOVE their share offering price of ~18.80 yuan. Probably some big news over there but only a select few people know it. Next to no disclosure rules there. Such a clown show in China!
Could it be this?
https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.ca&sl=auto&tl=en&u=https://www.snencn.cn/finalpage/64.pdf&usg=ALkJrhhGPr2EVcE9JMViXmPHWfbZbbHH5Q I honestly don’t what to make of this (good or bad news) but combined with some of the other stuff I have seen in the other “Google Translated Chinese” documents I have had a look at on the Sinoenergy website
https://www.snencn.cn/index.html my “gut feeling” is that the financing for this offer is a bit “uncertain”.
Google Translate leaves a lot to be desired and the translations are a bit garbled to say the least.
All that said although I don’t foresee any problem with Investment Canada it was enough for me to decide to take a “risk free” 55% profit and move on.
GOOD LUCK to all that chose to ride this out!
As Always; Do Your Own Due Diligence; It’s Your Money !!