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$800 bill company delists Merkur due to "costs" and " Market evaluaton".
And shareholders for two years who wanted TRW, is now abandoned.
Anyone still believe in this scam?
Daniel Ritchey still alive? Yes, according to SIAF homepage. So happy he is back and can fulfil his dream to visit SIAF HQ fir the first time in his "life".
Maybe the accountant Lee is also still breathing. Over his $800 mill asset company with no board or management. Hope the $200 mill cow dung assets are climbing in price.
Abd still no one wants to sue the auditor?
http://sinoagrofood.investorroom.com/management_team
When the company is the biggest dumper of shares at 1% of book, it's quite natural that the market will learn.
The inventory of cow dung is now twice the value of SIAF :)
Maybe he is still drinking, but has quit reporting it...
Africa will starve once again if they import the aqua-failure from "CA".
Who works for "CA"? How did they market this without even a web site?
Tony has stated he doesn't work with "CA". Solomon does.
Facinating all talk of royalty, patents and technology from a country that copies everything. They have already built a copy of Salmars Ocean Farm offshore rig.
Ha ha. Good point if you think he kept them!
Solly is smart and changed his compensation from #shares/year, into $-worth of shares.
That's what you do when you plan to print&dump 25 mill shares.
On the way, you talk about CA contracts, dividends, new trading division, and a 0,8 billion balance.
Issuing & dumping shares : 1 day
Cash dividend : 0,5-1 years
Stock dividend : 2-3 years
Megaloan: forever
A bit funny to observe that Hanson, aka crybaby, outsmarted us all.
Genious pulling stop-loss around $8. I mostly left at $1,5-1,6. A dream level today.
Why are we above $0,2? I believe we were lower before they announced dividends.
Why is zero still around. No holdings. No short.
I am here as a bitter x shareholder
I also like Tony. My trust in him cost me $30-35000. Not his fault though. He has tried to bring in financing and seem to believe in the company.
Any thoughts about why the production manager /Tony doesn't answer about other sites? I once asked him to confirm harvest figures and then he refered to solly.
First production manager on earth who avoids to confirm the claimed and official harvest levels. Hope it's a gem. Good luck.
Correct and I spoke to him. He was not aware of the photo session which was used for promotion on siafs homepage and where he appared on sevetal closeups.
Think he felt used
You want a part of a company run by a 100 yeat old looser?
80's: failed secret legacy
90's: failed onshore aquaculture
2000: reverse merger to OTC
2005+: failed cow milk
2010+: failed meat, fertilizer, flower, aqua, "CA" enginering RAS with zero employees and no webpage even to promote services.
LinkedIn : 1 employee
Several reverse splits. 77:1, 9.9:1, next?
25 mill new shares after divi announce in 2017. "collateral", "top-up", bla bla bla
Scam
They TOLD you they would pay cash dividend. Smart. Bought them one more year to dillute and sell millions of shares.
Someone should fly to China with gloves in the suitcase. Or to Ohio. Or both.
Get a grip nef. People I know have survived cancer and don't care about material stuff anymore.
We all get played in the market. It's sad, but you're not alone.
Focus on creating a future and forget the past. Look at siaf. Two years of divi, spinoff and lately cash divi talk. They will "distribusjon a weblink telling you what you own". God.
8K out. All BOD re-elected. Luckily, cause nobody can outperform a 98% loss.
And the board has the A-shares, so no need to listen to the protesters financing this POS company. Sorry Empty.
So SIAF is both reducing it's TRW holdings by 18,3% AND reduce it's account receivables by $62 mill?
For the record, that would confuse me.
Ok, but this doesn't explain why TRW get's rid of $62 mill of debt without giving something back.
Are you also confused here, or did I miss your point RD?
If I get this correct, you belive the shares held by SIAF HK and owned by external partners, will donate 18,3% of TRW to shareholders in SIAF.
Then they will get the same shares back from SIAF.
And then TRW, as a non-party in the transaction, get's a $62 mill reduction of outstanding debt to SIAF?
This can't be for real.
And if the Bus Adv. and Flying cristal was set up for future debt conversion, this must have been a plan all along, or? What we have understood is that this plan came late in 2017 when discovering tax issues regarding divi distribution.
Also, those two companies set up for debt conversion do not seem to be involved in this distribution.
Can you help me out?
Did TRW hold 18,3 mill of their own shares? Not according to the public list of owners.
Where are these shares that TRW plans to distribute supposed to come from?
Nope.
I'm done. And wish you good luck. Don't go all in here.
Aandt,
I hope upu get out on a bounce here. Finance world is drowning me with offers these days (aqua industry) and they are desperate for some buy in. 30* pricing, low interest etc.
So why the f*ck us TRW witout finance for years.
They got no game, imo. Sorry.
Stupid me lost $30.000+
It's sick.
I revealed a year ago that the CA "contract" on the megafarm (was it $150 mill? ), was done with the STARTUP company Golden something ltd.
The made a big deal about it. The "customer" had $1 in equity.
Today it's one of the TRW owners. Controlled by solly from day one. Started some months before awarding siaf mega contracts. Jesus Christ. I still believed the "experts" here. Thanks.
I am so very pissed of by this scam, why is it still running?
No change in leadership according to the web page.
No news about the dividend either in investor news section, lol. Why hide it?? http://www.tri-way.hk/news-release
No more dillution? O/s up 0,5 mill yesterday. A good day for dumping it was.
I was referring to the new technology to be born this year, according to the infamous New Year letter.
Toiletpaper.
It's the year of the dog. He is busy delivering the ground breaking new technology he promised us.
And building a mega trading in HK wuth cash flow. No evergrowing account receivables. H ha
Empty, you know this is crap (not from you)
Save the Solomon world, prioritized to pay back his loan, was it $2 mill?
He is 75 years. He doesn't need the money. Why drain his empire of cash? If you have a DREAM, the cash goes INTO the project.
Anyone: was the printer damaged by the typhoon? Probably not.
RD, we remember your answer. SIAF people helped the partners/farmers to set up holding companies in HK. Same office adress as SIAF HK and the rest.
When Solly tells you next week that TRW refuses to arrange the dividends, you would think it was out of SIAFS hands.
And then what? Suddenly the farmers got academic business competence and woted against Solomon?
I believe you need to choose one here. Either they are helpless, or they are controlling TRW. It's up to you. But you can't have them both. And stop defending them in the middel of your countdown. It's not pretty.
It's Dan on his way to Oslo some years ago. Snapped it from a flyboy video.
Thanks for the flatter.
Snow, my friend, the care for the shareprice doesn't justify misleading the market. It's illigal.
Why is it ok to attract capital on fake ground and transform the company issues over on new investors. Totally unjustifiable.
They also mislead existing investors like yourself to stay overinvested.
They don't deserve your protection.
Guilty. I am negative after they PRd the TRW dividends last spring and I invested heavily.
All I got was dillution and massive, unreal losses. I never had a chanse.
The Def13 last summer was a complete lie/scam. Just read it. The O/S limit was raised to 50m in order to "protect" from hostile buyers, strategic etc.
Not to pay suppliers.
If you still believe in the dividends, you can relax at Christmas and avoid all that stress buying gifts.
Cause Santa Claus will fix that for you.
I am surpriced about how many expect "Solomon" to save them - the same 75 year old all life non archiever, liar, millionare scammer imo, is the one expected to save you.
They are clueless in aquaculture. Sorry.
Oh wait, their building a million dollar profit by setting up seafood trade in HK. Just like that. So easy. Why isn't every 75 year old looser doing it? So easy...
Nice just what I hoped for!
Rd, we have seen pics of the sections under the gangway. Never saw a pressure tank or a UV light.
Please show me. I would celebrate you nailing me to the wall. And UV was never a key in RAS anyway.
I even hate to agree with myself. I wanted this to work. The seafood. The aquaponics. The fertilizer.
I remember very well how you greeted me when entering this forum. You deserve nothing of this mess, empty. I thought the $100 party was something that would happen.
The dillution was the final call. Such a disgrace that what we bought, had no material value for them. Collateral. Inventive. Other payables.
I exit mostly at $1,5. I felt it was cheap. Today we DREAM about this evaluation.