CF Energy Corp V.CFY

Lawsuit

[QJAWuu]

Does the delay in the HK IPO have something to do with this? Below is a link to a Chinese article I found while I was doing some due diligence research on the name recently. It is quite long and I don't have the time to translate it all. The CEO is named a few lawsuits with a previous shareholder, which is or was a government sponsored enterprise. Basically accusing the CEO schemed to steal the capital from it to form CFY. The case might be under the Supreme Court 's review. I went back to the posts on this board in the past couple months, and I didn't see it being mentioned anywhere. https://mp.weixin.qq.com/s/Kn2jyuuCWpUl2pLZBnOhnA I like the names exposure to the growing natural gas industry in China, and a lot of macro tailwind is behind this. The company should enjoy favorable term on debt financing on its projects since the government is again planning to boost GDP figure with targeted monetary stimulus and infrastructure programs in selected industries, and the ongoing positive regulation changes in the energy sector. If this has been addressed, I would like to see the source and sorry to mention it again... Thanks!

[TickBomb]

I tried to read through Google translate.  Is this purely against the CEO's 50% ownership or could it dilute the rest of the shareholders?  Or is it against a Chinese asset joint venture ownership?

[DEREK241982]

     You can try to read ( https://www.court.gov.cn/wenshu/xiangqing-3454.html ) throgh Google translate again. 

[mjh9413]

Seeing this reminds that if HK IPO not completed by late June then part of deal with buyout to lender was that he had to re-invest his RMB loan amount in new shares?? Maybe I'll go back and read full text if no one answers. Thanks.

[TickBomb]

Option for 36M RMB or 7.2M CAD worth of shares at a 30 day average before 28 June 2019.  

[Mountainbiker]

7.2 M CAD at a 30day average before JUne 28, 2019. So is Mr. Lin buying new shares from the company or buying in the market like the rest of us?

[TickBomb]

I believe it would be dilutive. That was the deal to get rid of the arms reach debt.  10% dilution, but he does have to pony up the 7.2M. 

[Mountainbiker]

So CFY can do another special dividend of 10 cents a share!!

[DEREK241982]

    I won't worry the stock is diluted, because I am a long-term investor. The low price is diluted, I will continue to buy, the high price is diluted, I will make money.     At 8:30 am yesterday, I bought 4890 shares($1.2) of CFY stock, now the stock price is $1, I lost some money, but I am waiting for the dividend and continue to buy.     I am very

[TheMoose12018]

I'm agree with you , Long-therm investment mean long-therm cash revenu with a great stock growing.  I don't find fealure in this company.  And for some others who wants too enlarge your portfolio, look for that one too KUT (tsx-v).  scotia bank invest a lot today

[DEREK241982]

Later, I showed you the Chinese news that I had seen about CFY's new project.Now I have to prepare for the Chinese New Year.

[DEREK241982]

    It should be that the company issues 7.2 million worth of shares to Mr. Lin and will not buy them from the market.     1If Mr. Lin drives down the stock price, Mr. Lin will buy cheap CFY stocks,      2if at a 30day average before JUne 28, 2019the stock price is high, he buys expensive stocks.This is a support for high stock prices. Mr. Lin holds

[DEREK241982]

    I have been browsing this CFY community for two years. I want to post the information about CFY, so I registered this account today and I have stopped browsing as a visitor.     Thank you for telling us about CFY news. It is very good. This is important information for investors. But don't worry, I knew this news 6 years ago. I noticed that this news has been

[QJAWuu]

thanks for ruling link, Derek. I have heard of the practices, just don't know it would happen to cfy. Anyway, this may actually be a non-issue, since sinochem also shelved its HK IPO citing the same concern today as per Reiter.