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Thanks for that.
Here you go. Note that I do not have one of the declarations, because it ran to several hundred pages.
https://filedropper.com/d/s/dQOVO4t9uVPPF82eAlXqC0Eh5z5iHu
https://filedropper.com/d/s/hl300PqUFR3SxNhqPAhJsztxTt9EF6
https://filedropper.com/d/s/8TaveY10M1RnOcowzR2ifWa2DMyhdx
https://filedropper.com/d/s/Z2xsLDZUJVZusMOUXXeZtoW801VKVw
https://filedropper.com/d/s/axxlbONLKraDGYiE5QmwBtqjo6OWoA
https://filedropper.com/d/s/DiwTNKlj2fph28eZtpK80tgb3nDXNh
https://filedropper.com/d/s/TxDiQq29cbXfMhgKsmVKn1NKNPndEz
This is a free file-sharing site which, like all such sites, contain massive quantities of malware so you will likely get an angry warning when you click on one of the links above. But there is nothing but pdf files behind the links.
Brandon and son Hunter probably have great connections that can "Get it done" Of course a small fee to The BIG Guy may be required! We REAL!!!!
Anybody know a lawyer that has login that can get the actual documents?
Continuance not surprising; they are pretty much automatically granted. Solly's lawyers will push that as long as they can.
Sure it's a slam dunk case against him. This case may actually have some teeth. Lawsuits against SIAF are not actually enforceable. The company operates in China where the US does not have a Treaty.
But this suit is also against Solly himself; and he is a citizen of Australia (I think).
Anybody know a lawyer that has login that can get the actual documents?
Continuance not surprising; they are pretty much automatically granted. Solly's lawyers will push that as long as they can.
Sure it's a slam dunk case against him. This case may actually have some teeth. Lawsuits against SIAF are not actually enforceable. The company operates in China where the US does not have a Treaty.
But this suit is also against Solly himself; and he is a citizen of Australia (I think).
Delayed timing to appoint a Temporary Receiver for SIAF
ORDER granting 125 Letter Motion for Extension of Time to File. Application GRANTED. The Clerk of Court is directed to terminate ECF No. 125. SO ORDERED. (Signed by Judge Jesse M. Furman on 11/30/21) (yv)
Not sure this is applicable. This law applies to companies that are "owned or controlled by a foreign government". Solly is not a citizen of China. Although it would seem to apply if he as a controlling board member was a member of the Chinese communist party. Not sure he is that either.
Interesting article FWIW
SEC Finalizes Rules Allowing It to Delist Foreign Firms From US Exchanges If They Fail to Meet Audit Requirements
By Katabella Roberts December 3, 2021 Updated: December 3, 2021
https://www.theepochtimes.com/sec-finalizes-rules-allowing-it-to-delist-foreign-firms-from-us-exchanges-if-they-fail-to-meet-audit-requirements_4136620.html?utm_source=partner&utm_campaign=BonginoReport
The U.S. Securities and Exchange Commission (SEC) on Thursday finalized rules relating to the Holding Foreign Companies Accountable Act (HFCAA) which would allow it to delist foreign firms from American exchanges if they fail to observe U.S. accounting rules and comply with requests for information from regulators.
The bipartisan legislation was signed into law by former President Donald Trump on Dec. 18, 2020, and would see foreign companies delisted from U.S. exchanges if they fail to comply with the Public Company Accounting Oversight Board’s (PCAOB) audits for three consecutive years.
It was adopted after Chinese regulators repeatedly blocked overseas regulators, including PCAOB, which was created in 2002, and SEC, from inspecting full audit reports of publicly traded companies headquartered in mainland China and Hong Kong, citing national security and privacy.
“The purpose is not to de-list any company, but to persuade China to allow the audit oversight that U.S. investors need, and the U.S. investors get when investing in U.S. companies or companies in over 50 foreign jurisdictions,” Rep. Brad Sherman (D-Calif.), co-sponsor of the bill in the House, said in a statement at the time.
Specifically, the law requires commission-identified issuers to submit documentation to the SEC proving that they and any shell companies used to trade are not owned or controlled by a foreign government.
Such documentation includes the percentage of shares that are owned by a government entity, whether government entities have a controlling financial interest, and the name of each member of the Chinese Communist Party who sits on the board.
The rule will also apply to Chinese entities listing in the United States via a vehicle known as a variable interest entity (VIE).
It also permits the SEC to ban companies from trading and delist them from exchanges if they and their auditors fail to open their books to U.S. inspections for three consecutive years.
Thursday’s amendments finalize the interim final rules that the Commission adopted in March which addressed the submission and disclosure requirements of the HFCAA.
Companies will have 15 days to dispute any SEC designation that they require enhanced disclosure and if they fail to do so, they will be conclusively required to provide the information.
The SEC has up to three years to impose the initial trading prohibitions on companies that do not comply with the rules.
“We have a basic bargain in our securities regime, which came out of Congress on a bipartisan basis under the Sarbanes-Oxley Act of 2002. If you want to issue public securities in the U.S., the firms that audit your books have to be subject to inspection by the PCAOB,” SEC Chair Gary Gensler said in a statement on Thursday.
Gensler noted that while more than 50 foreign jurisdictions have worked with the PCAOB to allow inspections, “two historically have not: China and Hong Kong.”
“This final rule furthers the mandate that Congress laid out and gets to the heart of the SEC’s mission to protect investors,” Gensler said.
The SEC will identify such companies for fiscal years beginning after Dec. 18, 2020, and they will be required to submit the relevant documents in annual reports for each year in which they were identified.
If nothing else, there are land rights. Those are worth alot. And non-transferable. So the company itself has to be sold. Problem is, you can't put control of that transaction in Solly's hands. Because if he has access to the cash side of that transaction, you can guarantee that no other shareholders will see their share.
Sure. But he won't accept one unless he's getting more than he could steal from the company.
He's been using this company as his personal bank account for so long, no way he lets go easily. And if you even attempted to make an offer to this guy; you've just tripled the asking price.
The only way he'll deal reasonably is if he's faced with getting nothing. Or jail time.
Remember, this guy isn't a Chinese citizen. Isn't he Australian? So he could literally steal whatever is physically left in this thing, sell it off, transfer the money to home home country and leave SIAF in debt with creditors & shareholders with less than nothing.
I guess after about $6 million in Cost of Leasing and contracting & General and Administrative Expenses with zero sale of goods in the last Quarter, this was their only option and chance left.
Perhaps the probability of anything good happening after this Lawsuit is extremely low, but it is now obvious that before it was zero.
Yes, volume makes sense now. Especially if other insiders support the suit. The company essentially laughed off the prior lawsuits stating US lawsuits have no authority in China. But if there are other board members and officers on our side, maybe that changes the equation.
Although, still skeptical since Solly still holds a controlling interest. Not sure how they get around that.
Everything is good news to you. Hilarious.
Perhaps... they can liquidate everything and the remaining value could be close to $1/share. But it seems like a lenthy and troublesome path to me.
It seems to me that Solomon's mental health is perhaps not what it should be. And he will be able to destroy any value that is left long before you can extract a dollar of value from the company.
Sounds like good news- a receiver FINALLY takes management of SIAF away from Solomon, and puts it with someone with some basic competence.
Maybe this explains recent surge of buying.
Solomon must be one stubborn guy.
Well well.... why am I not surprised.
Says here that Henry Sun (director) is in favor. And Danielsson as well. And Arne Fredly.
The chit is hitting the fan now
https://dockets.justia.com/docket/new-york/nysdce/1:2021cv09236/569527
Never get it. One thing consists with Sino is consistent bad management that keeps its shareholders in the dark. If you're on this board, you are either a gambler, or got sucked in via unusual circumstances and refuse to cut your losses due to dillusions of grandeur.
My delusion is that (although I doubt FS value) the land rights alone could bring up to $1 per share if the company was sold (it's just a shell now anyway). But even so, president Solly may still find a way to steal that. Pessimistic but hopeful.
Share price manipulation?
We now need info about the operational
status of SIAF and TriWay direct from
the company / and the new Board members.
Now the next day after my original post the exact opposite happens; 100% of trades are in the PM. Even more conspicuous.
They'll get it right eventually.
Whoever is trading is from a foreign country. Most of the volume is always in the AM and stops in the PM.
Exactly right !
Someone circling this jewel?
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Not me, but someone is. Trade activity is very sporadic and inconsistent. Makes me think this could be many different people jumping in. Im inherently suspicious but who knows.
Happy Giving GF, just imagine if we could find the reported 600M in assets right now.
I was already waiting for someone to give this a positive spin.
I'll choose to look at this as a positive sign they are done with dilution attempts.
It's weird though. There is no mention of section 6(a) in the S-1 and S-4.
I think the SEC terminated the S-1 and S-4 registration statements that were filed on 2019-06-27. The G-shares.
I hope SIAF takes off like a Rocket to MARS!!! Everyone a Big WINNER!!!! Let's be Positive!!!!Go Go GO!!!!
Stay away. Tri-way is pretty much dead. There will be more write-offs. More dilution. Solomon is an expert in destroying companies.
Fairly impressive. The book value is outstanding.
#1). The financials are still "Unaudited ". Assets are un-godly higher than liabilities. Laughable even after the big write-down. It's just a fictional non-cash loss (it was a cash loss years ago but never reported). They are trying to take those losses slowly over years. This would never fly if there were auditors involved. They would make them do it all at once so that balance sheet net value reflects reality. Currently it does not. If it did share value is 10 times or more actual price, and SIAF is the bargain of the century.
#2). Not so sure about those trades. There are several big trades last couple days at similar volumes. Might be related party manipulation. However, that could work in our favor.
I wonder how long the SEC will let the Covid excuse slide before they force audited financials.
wow-- someone bought 100,000 (actually 99,100) shares right before the close at the ask of .08
strong performance after the Q3 filing
Market seems to be responding favorably to the filing of the Q3 report.
1. SIAF continues to try to keep it's filings current +
2. SIAF is acknowledging losses and writing down assets, while still reporting current income from leasing of previous operating entities +
3. Maybe the worst is behind us?
SIAF Q3
Yesterday looks like 2 trades for 100K shares even. Probably 1 person. All the little trades seemed to have stopped. Not sure what to make of this.
Recent increase in trading and price is a positive sign.
Could we be close to audited financials?
Or some announcement on that long-delayed dividend?
Time will tell.
HERB traded $15 of shares today is that right?
Merger of SHMP and SIAF, if that were to get announced this could run to 0.50... just saying it's a long, long shot probably less likely than Grandma making the Yankee's being called to pinch hit with score tied, 2 out, bottom of the ninth, bases loaded, 3-2 count, game 7 of the World Series vs. Dodgers.... Grandma drops a bunt and squeezes home Silly Solly from Third on a Nilly Willy Bunt and Fart in the Catcher's face that freezes him solid. ...Game Over.
Now TIME TO BUY!!!!!! $.06 buy now before drop to $.01.. You be ahead of Vulture Crowd !!! You get many more share NOW!!!! At $.01 many try to buy know Elevator only go UP!!! Get RICH NOW!!!!! You Only lose you Sell!!! Good FUN!!! $100 Party Invitations go out SOON!!!! We So REAL!!!!! Buy Hunter Art in Giftshop now you have access to Big GUY!!How Go Wrong????
He probably doesn't have the ability to exert much influence. Although he could be the reason they are still current.
Tried searching "Haidong Sun" on some social media sites. Maybe he's posted something related to the company. It appears to be a common name. Couldn't pin him down.
SIAF has been very quiet.
The only good news is that they have filed recent financials with the SEC in August, to keep the stock trading.
Still expect some positive news to come from the addition of outside board members that came about as a result of the litigation settled last year.
Do rivers flow towards the sea?
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