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Yeah. Here in the U.S they are pumping Apple to hit the $3 trillion mktcap.
And trying to stabilize bitcoin with stablecoin. Pretty yucky if you ask me.
Actually isn't SIAF now a real estate co. with revenues from leasing*?
*Kind of like McDonald's. It's not the burgers, it's the real estate!
Could have also bought that real estate co.
It's not investing, it's a sporting event
The fact remains, if these filthy rich people had listened to me then we would all be in a much better place.
What I have been telling you guys for at least the past 3 years, this is not the right stock to invest in.... It's that other agricultural company.
The fact remains, if these filthy rich people had listened to me then we would all be in a much better place.
What I have been telling you guys for at least the past 3 years, this is not the right stock to invest in.... It's that other agricultural company.
He didn't say much about SIAF, but he did warn about chinese, russian and african companies (with management remaining in those countries) listing on the Oslo Stock Exchange - and referred to SIAF as a fraud.
At the very end he also said that he has lost 25MNOK on SIAF, and that they are going to get him (i.e Solomon) - and that he doesn't give a f whether it costs 100MNOK to do so.
I guess the write-off today is a desperate attempt from Solomon in this regard. Let's just hope that Fredly&co are able to grab SIAF from the hands of Solomon, so that we can see what values (if any) remains in SIAF and end this nonsense.
Arne Fredly interviewed at a Nordnet panel debate:
LOL, a mere -$53 million loss on the Tri-Ways Gem... Wasn't that the answer to all our prayers... wasn't that the dividend. One Good thing about Solly throwing all those Big Negative $$$ #'s around is he's writing off more of his fraudulent balance sheet fast... so without looking at todays 20-F, I'm sure he needs a few more huge write-downs/losses to get it to a somewhat normal shell status, or use it for another of his ScamCos in the time he has left why even try to more fraud??? Isn't Solly too old for continuing perpetuating all this Dirty Crap? I know this Criminal has slowed down but what a waste of a life lying, cheating, stealing... hurting others the way he has over all these years.. some legacy he's leaving. Devil Possessed Solly always cuts corners with fraud... but he's a major Scammer and H.E.L.L.'s awaiting his arrival.
I'm just tagging along with the lawsuit. Small position.
At least I was right about the $3.5M loss for SJAP.
What a total nightmare this company has become.
I will leave you guys to it.
Oh, I thought that was the loss for SJAP.
Who knows how to interpret that friggin report.
And still no write-off for Tri-way.
The whole thing is a joke.
I don't think they will ever get it audited.
Only 3.5 million dollars in losses. No idea if that is good or bad. Just saw some short info guess full report not out.
I don't know about you guys, but it hurts too much to keep following this company and watch it fall apart, piece by piece.
Hopefully the plaintiffs can achieve something.
Company sponsored African safaris. At least last year. No news since then. He does have some lawsuits to contend with; no recent word on that front either.
Is Solly really still alive? What is that old fool doing all the time? Unbelievable
I see the sales are skyrocketing and the dividends are like rain from above. When is that $100 Party the DD investors were so vocal about? "You only lose if you sell" WE SO REAL!!!!
That's doable until someone complains.
Oh I forgot. I need to dump on Mr. Lee.
Without you we wouldn't have any action on this board
He's working man. Don't disturb!
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
all they're going to own is the right to cleave off the rancid fake assets and reverse split the stock so they can use the shell again. current shareholders will receive "precisely" 95% more loss from these levels as the "company" isn't worth more than the price of an empty shell.
SCAM CITY !! WELCOME !!! Bring your money, bring your time, we will make sure you LEAVE HERE BROKE!!!!!!!! Buy Now according to the Wise Masters of Investing!!!!! Step Right up and be the next SUCKER that stumbled upon a Hidden GEM!!!! We REAL!!!!!!!
Not buying a $275 subscription to read, but sounds like a recap of Heng Ren's lawers calling BS on Solly's response to the lawsuit. Remember Solly was disguising his African safari trip as a search for investors. He was actually poaching elephants for ivory.
This might pan out. Who knows. Holding a few shares just in case.
That's what she said.
SIAF songlist (for newbies). You can thank me later
1) It's my party
2) Cry me a river
2) Just let me cry
4) Judy's turn to cry
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Talk about faking it.
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
My stake is that this is the only solution Iliad have to collect any cash..
Let the downhill dumb begin...
This is a historic document how to Completely destroy a company!
New amendment statement of ownership released.
Anyone know which convertible note this was?
Here's the positive spin: Creditors get preference over shareholders in bankruptcy. They are giving that up to become a shareholder. So it looks like they feel the company is more likely to continue than go bankrupt.
So haven't visited here for a while and have completely sole and earned a hard lesson. The only thing that amazes me is that (1) this crap is still listed and trading and (2) Solly hasn't died. Otherwise it looks like nothing has changed.
There continue to be buyers here at around .07---- I take that as a positive sign.
Not sure how this will play out, but the stability of the price and continued volume is positive.
there are no assets.
there's a gold mine in china with a trillion in bullion.
go try to seize the "bullion" and see you in 5000 years.
assets that are inaccessable and fraudulently claimed are just like that.
so much value nobody wants it!!!!!! no friends at all. not a single USA roadshow in 12 years just $185,000,000.00 of debt conversions and share sales.
everyone got royally !@$#$!@~#%$ while sollysollysooooosolly sat in his opium den and crafted absurd deals and tons of worthless paper contracts without underlying ownership.
wonderful......
Thanks for posting!!
Read the instructions how to trade penny stocks. (100 other trades before you get access to penny stocks). I can trade SIaf at InteractiveBrikers.
Where is siaf trading? Would like to sell.
Hello!
I just wonder, and still don’t know how I can trade my SIAF shares
I created a account at interactivebrokers but they don’t trade SIAF shares
The court will only approve bankruptcy if there's enough cash in the company to pay the expenses of the process. They could actually have assets, but if they're not liquid, that's a problem. The most valuable assets they have are land rights; don't know for a fact, but probably not transferrable.
It is my understanding that China wants to have a better relationship with foreign investors. I can't see how allowing Mr. Lee run roughshod over foreign investors helps any.
Thanks for posting!
Also strong language from ECAB (And Heng Ren) about pursuing bankruptcy proceedings if no receiver is appointed.
They are not kidding IMO. Tri-way is bankrupt anyway. Also, they say they have no problem finding another 2 creditors so they can file this in the US. That is what I was thinking too, how hard can it be? Come on, Solomon Very weak defense on this one. lol.
The court will not appoint a receiver IMO. So we basically know which way this is going. They will sue the crap out of Solomon (and the other directors?) while bankrupting the place. Or does one exclude the other? Don't know.
What strikes me the most though, is this. WTF! are the other directors doing? Making it appear like everything is ok and business as usual when they don't even have access to financial information.
No access = no internal audit. No internal audit = big trouble.
How can they even pretend that everything is ok here, when it is not. What a bunch of amateurs.
I think there is another lawsuit (2021 suit, 21-cv-09236-JMF) which is on hold now until there is a decision about the receiver.
This one is about breach of Settlement. And also addresses fraudulent reporting. Now that one could be very serious IMO. Because we know that the filings are (always) a mess.
Also, the plaintiffs claim that FF1 (Fish Farm 1) was transferred to a company that Solomon owns. IIRC, this companmy owns the A-power technology.
Heng Ren is basically saying that Tri-Way is effectively bankrupt, and has been.
And Henry Sun never heard of the Tanzania deal before. lol. Must have been a surprise.
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