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And DNM is back... If they in deed are doing arbitrage, then they might actually be a challenge for the PPS; they don't care about how the PPS ends as long as there is a difference between OTC and Merkur so that they can earn money on it.
Mera; I don't know the rules, but it is possible that given a PR about a GM without a date could be seen as an attempt to manipulate the PPS.
The sentiment is slowly turning though; 9% in the green now and some shares available (2168 at 12.20 for instance, and that is large enough to be an iceberg although I don't know how common icebergs are on Merkur).
Scare some shorterts? Let's hope so I wouldn't be surprised if we end red today, but at least this clearly shows what can happen when we hit a trigger...
I know rhat you have to specify date and place in more than one country in Europe. I guess it must be the same in US. 10% or more gain will scare some shorters, thats for sure!
I could not find this piece of news on the website of SIAF. But the news sounds genuine.
Mera; Are you sure? (if so, then that exclains why they had to pull the PR)
I have real time. Down to "only" 11% in the green now. Very low volume (7219), but it shows that people are very reluctant to sell now and that the market is very unsure.
There are still "no" shares for sale (only 709 shares including 12.55 NOK and those asks are to small for being icebergs).
The big question - even if we get the PR today - is how OTC will respond. Even if Merkur say that the PPS should be very high, OTC might still ignore Merkur and push the PPS down.
Edit; 7219 shares traded, not 7700
They can not publish it officially without a fixed date!
Norway started positive, very positive. Anyone with real time?
Jie; No official PR before the opening on Merkur at least, and the "unofficial PR" is dated October 5th.
It does show up on the news for SIAF on Nasdaq though (because Marketwired issued the PR). So our possibilities then;
1) Someone managed to trick Marketwire
2) The PR is coming
3) SIAF intended the PR, but withdrew/delayed it, but Marketwire had already published it
Merkur seems very happy with it SO FAR at least though; 5 minutes in and we're up 8% and "no" shares on the ask (the orders on the ask are to small to be icebergs, on Merkur you have to show an order of at least 10 000 NOK to use icebergs).
We could be very green or very red today - I have no idea how Merkur will react during the day if we don't get the PR. Maybe some nervous trading until the opening of OTC? (in anticipation that the PR might be issued then)
Edit; Up 14% and the first possible iceberg at 18.5%
Be careful, could be fake News!
Snow; Agreed, the loan is probably not closed, but - unless this a carrot - should be pretty close to be closed (or at least very certain that it WILL be closed this year).
Still no official PR though.
EDIT; It's even on bloomberg, so let's see what happens...
https://www.bloomberg.com/press-releases/2017-10-05/sino-agro-food-inc-schedules-2017-annual-general-meeting-agenda-items-include-dividend-and-share-buyback
EDIT: Pretty much no shares for sale on Merkur atm - I guess everyone got the news of the possible PR.
iyoo I think you engange in so much wishful thinking. If the big loan had been closed it would have been the duty of SIAF to announce it.
Okay guys, I'm really bullish this time due to a few things mentioned by S in Stockholm:
1. S was elaborating about how the market had reacted on the recent press releases. His conclusion was that the market had rallied for a short time and then back to normal trading pattern (downward). He said he would not be interested to repeat this process but rather to release some real game changer much better appreciated by the market. Looks like we're getting there.
2 When we asked him how he intended to defend the stock after the X-date regarding the Tri-way distribution, he told us that no one would want to sell the stock by then. Probably he had this in mind (share buyback and cash dividends)
Enjoy the rally! More to come!
Cheap; The non-official PR states that the general meeting "will be webcast with shareholder participation invited" so you can listen in on web
Not sure if they will allow live feedback from us though (cfr the latest CCs), but they might very well do so if we have hit some of the triggers we're waiting for.
Anyhow; we don't have any voting power, so our feedback should be via e-mail prior to the meeting (maybe we should wait til we now the exact date, i.e whether we have hit some triggers or not).
EDIT: We would normally have our CC Q3 in December. I wonder if they are planning on merging these two, or if they'll have both in December (God forbid that they will have the CC Q3 in November).
Nef; Let's see how things look at new years eve. There is no way the PPS of SIAF will be 1.3$ then (however it remains to see if it's 0.13$ or 13$).
If SIAF is able to pull of half of the major triggers, then 100$ isn't way of if you can wait a few more years (IF... TRW declares a cash dividend then I would happily wait til 2020 for the motherload).
With some luck we can even have a significant PPS this year;
the TRW-loan, F-1 filing and an announcement of the ex date, a deal for CA, cash dividends (from TRW), a buyback-plan from SIAF, and repayment of at least one collateral share loan - if there is truth to what they say, and we are a bit lucky, then all this may materialise this year.
However, with all the lies about time "esimates" they have given in the past, I would not hold my hat on all this happening this year, but we don't need many of these to materialize to have a somewhat decent PPS at new years and - more importantly - a better feeling of the PPS for 2018.
Can we collect letter of attorney and give something person who want represent us to general meeting ? Anyone is going ?
Real; I'm with Andrew on this one. Well, it either means that BOD knows that collateral shares have been sold (at least they MUST have looked into this by now) or that they know that this is a hot potato for us and want to adress this (although by December this should already have been solved if we hit one of the triggers...)
RD; I hope we're not looking at a second choice (ECAB-deal), not sure if the market would be too happy about that (without any follow-up of other triggers).
From the rumours Solomon has been very confident that we'll get that juicy TRW-loan. Although the December-date indicated that the loan might not be imminent I hope this means that we'll get that loan - that means that SIAF would drowns in money they can use for buybacks/dividends
Empty; Yes, they may very well be under the gun now - especially since they chose to do it this way (well, the PR isn't out yet). They should have been able to declare a dividend now, they would still have had a few months until they had to start paying.
This is either yet another huge carrot out of desperation, and/or a clear sign of how confident they are about the TRW-loan (or similar).
However, if we now get the F-1 filing and/or TRW-loan, then we're REALLY set for a magnificient rally!
Zero; lol Yes, and 36.6% times *something more that zero* equals zero? I think there are more than our BOD that can't do math...
Joe; I'm currently reading old (i.e 2016) posts on this board. I'm only half-way through the year, but I found a post where you said that you would post some juicy news (my words) from SEC regarding your sticky. I've read several posts about people asking for your update, months after you said you would post, but you blamed it on not having time (yet there are posts after that where you say that you are bored). I haven't read all posts of 2016 yet, so I'm wondering; did you ever post it?
Besides that; We KNOW for a fact that SIAf owns 36.6% of TRW (it's official in HK) and we also have a D&B-report estimating the value of TRW. Now can you please give some facts, or at least some reasoning, why this is still a total scam?
Also; was it you who claimed that a company can't be profitable without a good cash flow? Can't remember who claimed that, but I got no reasoning even though there are plenty of exemples of the opposite.
RD; That would be a non-dramatic scenario (the lender would have to buy back the shares if they have borrowed them out to someone that can't buy them back), although it would be a bit weird to do so for a non-recursive loan? However, wouldn't these shares still be on the official short list?
Joe; Good to see you coming clear at least...
The PR isn't official (should come right before the opening of Merkur if it's legitimate), but if it becomes official then it's either another big, fat carrot or THE LAST WARNING you'll get to cover your short
I bought in some shares at the bottom now during the last couple of days, so hopefully this down channel will hold once again.
Got my shares pretty cheap, but I don't think I'm going for the long term here until they're cleaning up their mess. I sent them some e-mails yesterday, no response at all.. Who would figured..
essentially they're incapable of counting.....
Yeah I know. It's hard not to repeat it- the difference between 50K account value and several million is hard to handle.
I still have faith this can hit $50-60 per share, not sure about $100 but to be honest I might just get out at 50. That's still 35 bagger from here.
Yeah, I can make 200% in the stock market anywhere. Why wait for two long months
Yeah, It's more than 2 months away to that meeting, so a lot will happen before that with the SP, up and down.
Solomon simply wants to buy more time. I am afraid that the PPS will continue to slide down.
You're still lucky. Most people who listened to expert's advice and bought a China stock, lost everything.
So you support that? I hope to get my money back but have accepted that I may have lost many $...But this whole investment has been a wacky trip...If I lose everything I will accept it...But never again will I listen to the"experts" nor suggest to others as I did to buy a pig in a poke as this...This is worse than pulling a slot machine...I listened to those that said it is a winner, so far a total F for me...Happy gains to those that bought cheap!
I think it means they want to segregate collateral and true outstanding shares to calculate eps. it's very confusing since collateral is constantly changing and it messes with the eps.
I don't think it means collerateral shares have been sold.
the irony will be if the stock goes up and stays under 7, then everyone getting in now does great and gullible still will be at a loss
Anyone knows what formulation of OS counting guildlines mean? Does it imply that Solomon acknowledge that collateral shares have been sold? Thanks in advance.
So the people that bought at $7 which is the the total price after the first reverse split are screwed...You jump in at $1.35 at the last minute at $1.35 and you might make some money! No F**king reward for those that have been here for years! F you Solomon and high mighty horse you ride! Dividends should have been paid to your early supporters.
Yes, they have a number of options.
1) the TRW big loan.
2) some deal with ECAB like a convertible loan
3) TRW will simply pay back wat they owe in the coming quarters
4) If the MF partners can raise cash then they can pay back SIAF
5) CA equity sale or partnership. Or some asset sale.
6) Even TRW could do an equity sale.
I was never really counting on the loan. It seemed to me that Solomon went to Sweden to negotiate a deal with ECAB. But who knows, there are other options. Whatever it is, it should be doable.
I wouldn't look for a the closing of the large loan this month or even next. There is a reason the meeting date in December was left blank. They are under the gun now to close it. Possibly as other have said the money is coming from elsewhere but it isn't coming in the next 30 to 60 days. If they fail on this it will be time to clean house bigly as our the Trumpster says.
Oh Boy, we're going to get some more "happy talk" from Solomon.
Would be great if it is the TRW loan they are counting on and obviously very confident they will get it.
But as I said a smaller loan or some other sort of agreement with ECAB is probable too.Could also involve FD or someone else he appoints getting a seat at SIAF or TRW not excluding the top position in the latter.
They had to do the TRW carve-out first. That's when I became bullish. Before that time, we didn't own anything of the MegaFarm, PF1 or PF2, remember. But the market didn't see it that way despite a $57M one-time gain. Which btw, is 2x the market cap today.
So it seems that as I had thought, Solomon was in Sweden to discuss some sort of agreement with FD that this time would involve a share buyback program unlike their first one.
So I guess 5th October 17 was finally the date we would hear the announcement we have been waiting for, for years!
Who, Solomon? Yes, that's stupid behavior. OTOH, he can't tell us everything. It can be problematic for CEO's what to say and what not to say.
Most CEO's of small cap growth companies lie in your face. The more desperate they are, the more they lie. Quite often results in lawsuits as well. And Solomon always gets himself in trouble, right? Financially. They are always desperate. LOL. I don't have to tell you.
I know it makes no sense, It’s just weird why he think he can play us like this.
Redbull, I have no idea what you are saying. ECAB can convert the loan now, during the month of October (I think).
Suppose they do, then they will receive 2.1M shares. They can either sell them, or, collect 1.7M TRW shares. What do you think they will do?
Or they could just wait and sit it out another year. No need to convert the loan now.
No, the guesses continues with this company, it’s all there is..
He was lying about the 36M dollar loan and he lies about this. All the carrots are just carrots, I hope we can look forward to actually get some meat soon.
Is there really no one here that has got a straight answer from the company about those collateral shares, without them "guessing" things?
I don't know. Perhaps the collateral shares are not being sold. If it is a reputable financial institution then it is more likely that they lend out the shares. And who would be at the other end borrowing those shares? Perhaps some hedge fund. At least it's a legal way to short the crap out of this stock. Anything is possible in the China space.
I would close my short pretty soon if I had one
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