On the other board there is some confusion in regards to the IPO in HK; so I will set the record straight right here and right now.
We can list now.
We won't list under $2
Ok now that some people are probably confused let me be perfectly clear.
We can list now under the Infrastructure clause that can be found below.
http://www.hkex.com.hk/eng/listing/listreq_pro/listreq/equities_special.htm
The normal requirements are here in case anyone wants to take a look.
http://www.hkex.com.hk/eng/listing/listreq_pro/listreq/equities.htm
Chandgana will service the grid and is an Infrastructure project by nature and that as such gives us the right to do the IPO now if we so choose.
Now than why did I say we won't list under $2
Simple... Self Respect!!
When we get the "paper" from the Government that will de-risk Chandgana, there will be some big banks that will fight for the right to buy our shares on the open market.