RE:RE:RE:Changchun Sinoenergy up 6%???yetta wrote: Wow, excellent research find BC! I'm asking a Chinese colleague for better translation. This must be the reason for the 6% jump cuz a previous private placement was halted by the Chinese gov and then the stock was halted for 3 months. (Of course that one liner press release with no next to zero detail has since "disappeared" from the Reuters news website I follow.)
Good news to me cuz I've been speculating that Investment Canada is on hold, waiting to see if Changchun can actually pony up the cash needed to close the deal. Regulators aren't going to waste their time reviewing if the cash isn't there. I know I wouldn't waste my own time.
Thank you very much for this link! Very interesting!
All companies Financial Reports and News Releases are open for interpretation. It’s difficult enough (for me at least) when the Language, Terminology and Regulatory Procedures are familiar.
These Google Translations of Chinese documents add a substantial degree of difficulty!
The increase in the Changchun share price could be because the Shanghai market thinks that the deal will get done (good) or they think that it won’t get done (good). Who TF knows, I sure don’t!
It appears to me
(and I could certainty be wrong) that the financing for this deal is not nearly as settled as the powers that be would like us to believe.
The proponents on both sides of a transaction always “Project Confidence” until they have to admit defeat/failure.
Everybody has a comfort level. The “potential gain” from todays prices exceeded my comfort level so I booked the “risk free” 55% profit that was available to me.
IF this deal fails
(maybe it will or not) it wont end well for the Share and Debenture holders. Anybody that thinks otherwise doesn’t understand Financial Reports and / or hasn’t been paying attention re what Oil and NG assets have been selling for lately.
As Always; Do Your Own Due Diligence; It’s Your Money !! PS; It’s way past BEER TIME !!