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Bag holder here. Happy New Year!
No, I had to dump my shares to write off the loss on my taxes (30 dec) and then sold the rest this week while there is still a market, so that I can write the rest off of 2023's taxes.
$40/ week in trades. At least trades exist somewhere. The body is not in the ground. Yet. Maybe it's one of those voodoo zombie corpses that will come back to life later
Well it's been a month now since the last post so I felt obligated to reach out and say Merry Xmas to you all and as a bag holder wish Solomon and the SIAF BOD (hahahahahahah) a Happy Chinese New Year. Where is Waldo anyway?
That’s evolution you were super stupid. You wanted to believe the cult leader ”realdutch” instead of evidence, common sense and logical thinking. We warned, we layed it all out, it was getting crazier and sillier all the time by the company, nothing was investable. Of course you got burned if you believed in insanity. He ran this forum removed most unpleasent messages and screwed you all hyping this insanity. Probably used tens of user id to do it here, Find out who he is, find out why he did this. Would be interesting to know how human scum scammers work.
You mean there is no $100 Party? I saw video of MEGA Shrimp waiting in line to jump in the net! A fancy top notch Cafe. Fish ponds. Flowers. I guess Rock Hill Investors got rich? How distressing, O the shame of it all. We REAL!
honestly if he was ever interested in the law he wouldn't have scammed investors out off $180,000,000.00 over the last 12 years. go back to sleep folks and find something else. we've been out and negative since $8 bucks
What is amazing is that this house of cards got to $17 a share. Unbelievable.
He apparently disappeared.He stopped responding to Sec.
You think he will respond to the court in case there is a new lawsuit?
Got nothing. And I'm usually the optimist here. Even though the SEC is doing this to "protect shareholders"; that's not current holders. They are preventing future holders from buying; screwing current holders who can no longer sell.
Only recourse is wait til liquidation. If there is anything of value left, Solly will swipe it all. Only hail mary shot is if Hang Ren sues again. Even Solly loses, being able to enforce is a long shot.
Already wrote this off. I give a 5% chance of it being worth anything ever again.
I think the spin is all done on this turd and the 600M in "reported assets" must be gone.
The true sign of a quality company, and consistent with what SIAF really is (isn't)!
Hard to believe this could happen! You mean demanding emails/letters to the Board from shareholders didn't change things? Odd, as usually those emails end up changing things drastically!
Congratulations shareholders, this is what you own!
Now, is there going to be spin on this?
SIAF: SEC Admin. Proceeding because SIAF has had no auditor involvement with its financial reports for more than two years:
https://www.sec.gov/litigation/admin/2022/34-95804.pdf
$14 in traded amount sounds like retail - is there still brokers that allow trades for "non-experts"? (and that doesn't demand a hefty fee)
It was $14.00 in trades. It did turn my daily portfolio loss into a nice gain though.
So thank you!!! If whoever did this is listening.
I think any broker can place the trade. It depends on weather you qualify as an "expert". Not sure how that is defined.
Up 13,000%+ in a single day. Wooo HOOOOO!!
Anyone know a broker that allows buying off of the Expert Market?
some of us gave up on life long ago
I hope it's the Dutchman. Btw they have closed the restaurant I was staying near because some of us car dwellers were using heroin. Or probably it was the tent dwellers. Incredible
thank goodness people have bought all of the shares of this valuable franchise
We look like we lose but we WIN!!!!!! Put many money in our stock you be RICH!!! Just think, less than $.01 investment let you attend $1,000000 Party!!! Where else you do that? We have HB tour our MEGA Shrimp Farm tell all they be RICH!!!! You Tube Video show MEGA Shrimp wait in line jump in net!!! But what we really say MEGA Electric Car Chip now mine below our MEGA Shrimp pond make WHOLE WORLD MEGA RICH!!!!!!!!!!! You only LOSE you SELL! Do your DD like many of our previous Poster say, you join Billionaire CLUB!!! SOON!!! We REAL!!!!!!!
You can check the trades on this site:https://ih.advfn.com/stock-market/USOTC/sino-agro-food-ce-SIAF/trades
Sometimes it based the SP off the bid/ask, if there are no trades. If you hold foreign stock (with "F"suffux - SIAF is not one of these, that is a coincidence because of "Food"), the SP changes after close based on its home exchange x FX%.
I was the 2k trade today. Actually SP was .002 (including commission I guess)
Ah, ok, ty.
Will be interesting to see what happens sharepricewise from here: it seems (at least from fidelity) that the shareprice went back up to 4 cents, but then down again to 0.1 cents (which is 10x from the shares you bought! lol)
Schwab. But can't place new orders. Had a standing order in place before halting they are allowing. Less than 4k left on that order.
If you are classified as an "expert" trader (not sure what that is), they might allow called in orders.
What broker do you use that allow buying?
Assuming the SP stays at these levels one would assume that Solomon would struggle to defend himself in terms of destroying shareholder value...
At least SP can't get materially lower :)
Picked up another 4100 for $7.
Yeah, maybe this is ammo for a new lawsuit. Not holding my breath. That was a shot in the dark even if they win.
Good timing GF! I was just looking at the board yesterday, and noting that it's been a while since you've posted your accurate takes! I've been missing your postings here, and now we have reached this low point, that surely you and I knew was coming! Loving your new business plan! I think it would work, as far as attracting more investors to lose more money here!
I think all this needs is a few more emails to the board, or a shareholder lawsuit, and then, everything will be fine again!
For those that haven't figured it out, Gullible Fish has been pointing out here since 2017, since SIAF was at $2.50, in his/her comedic way, the obvious joke of a company, and that only those that didn't perform PROPER due diligence would not see it. Funny that, GF was told back then in 2017, that now was the time to be buying! Remember that? LOL
Hard to believe there might be some that held all the way down from $2.50 to trips now, but then again, this is the OTC/pinks, and the "it's too cheap to sell" OTC/pink "mentality" proved again to be a costly one for investors!
MARKETS TEACH EXPENSIVE LESSONS! $2.50 to trips is just another one!
We so REAL!! We try to tell all be RICH! Make Haste, we start new Electric Car Chip Division SOON! Send money NOW! No money in MEGA Shrimp but many Money in Car Chip! Yung Sum Ting Wong work many overtime make chip!!! Make Haste, $$$Million Dollar Party SOON! We so REAL!!!!
Not like anybody's placing new orders. Mine was an old avg down order. Didn't notice til I got 606 new shares and it brought my market value of existing shares to essentially $0
Apparently SIAF has been trading on the Expert Market (grey sheets) since June 29 ( with nobody able to buy shares). And nobody said anything? lol.
Oh, wow, I hadn't noticed it until now. SIAF on the expert market (grey sheets) which means nobody can buy the stock anymore. We will stay at $0.0001.
SIAF finally where it belongs. In the gutter.
Go plaintiffs.
Might be moot anyway. Brokers not allowing trades, no audited financials in years. And they can't even afford pay their web domain fee.
Only thing that shows they still exist is the May filing of "unaudited" financials, that I doubt anyone believes are even close to accurate. And the court rulings screwing shareholders that at least shows they have at least enough cash to pay lawyers.
Surprised they are even trying to keep this Africa thing within the company. From a business perspective, I would abandon SIAF altogether snd do that deal in a new venture. Hopefully there was some reason they need to do within the existing company. Maybe tied to the land rights - the only thing of value here, IMO.
Probably the best trade ever for this stock.......
I was the purchaser of that 606sh trade. Total cost of entire trade was $0.58
Schwab is not allowing new buy orders, but I had one open before the change. Not sure how I got that price; my order was for above $0.02; Seller got hosed.
Hahahahaha......trips! Just beautiful.
SIAF Domain name license expired. Idiots! Whoever is holding now is charging $3,500 to get it back. They probably can't even afford that.
https://www.godaddy.com/domainsearch/find?checkAvail=1&domainToCheck=sinoagrofood.com
Was this halted?
What's the ESL market in Asia for 40 somethings like now. Believe it or not I am still working in Portland area and homeless living out of my vehicle and showering at the gym. What a world!
have been offline for weeks now on these issues. it's all fraud - every single one - and yet people want another change at "greatness" by swapping pennies among criminals and somehow believe they're making money -
You actually hit the nail on the head there. It took a LONG time for me to get down from 200,000. Still holding 80,000.
Still got open average down bids below $0.04.
So if u sell today how much will the price drop? If u can get out with only a 20% loss its a no brainer. SELL asap and buy Amazon or Apple and you will make the 20% back in a few months
As of this second I'm only down 18.61%. Averaging down an luckily timed bailing when I could helped out alot.
Crazier things have happened.
I cant believe that you still hope to get something from siaf after more than 10 years of lies and 99.9% decline.
I can provide some of that missing information.
As a reminder, following the settlement approved on 13 October 2020 by the Court, over the objection of one shareholder, the plaintiffs filed a new complaint on November 8 2021, alleging that Solomon and the other defendants had not fulfilled their part of the agreement. In that framework, they filed a motion to appoint a receiver over SIAF.
Subsequently, and because of legal considerations that I do not care sufficiently about to try to understand fully, this motion was refiled as part of the initial lawsuit (the one which ended in the settlement). The new complaint was put on hold while the refiled - thereby reopened - lawsuit played out.
The judge has now rejected this refiled motion, interestingly enough echoing the concerns of the lone objecting shareholder:
Maybe. The've put something out there to pump. I find it curious that no more info has come out on the lawsuit. Maybe Hang Ren has been given a reason to hold off. But I haven't seen any signs of accumulation by anyone yet.
I'd rather buy SIAF at $.04 than bitcoin at $29,000. Just saying.
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