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Oh well just another 6 BILLION Newly Issued Shares for a measly $300k. When Adjusted for the 1:250 R/s it goes down to ONLY 24 Million ADDITIONAL NEW SHARES.
As Quoted from the filing:
"The shares of common stock being registered in this registration statement are the shares of common stock issuable upon conversion of the Notes issued pursuant to the Purchase Agreement. The combined face value of the Notes following the all three tranches will be $300,000."
"The Notes are immediately exercisable and bear interest at a rate of 8%. No payments of interest or principal are due until the Maturity Date. The Maturity Date is the last day of the month that is three months after the date of issuance: May 31, 2018 for the Notes issued in the first tranche. The Selling Shareholders may convert the Notes at their option at any time into shares of our common stock. The conversion price is equal to 60% of the lowest traded price of our common stock in the fifteen (15) trading days prior to the conversion date but shall not be lower than $0.00005."
I Hate to just SPECULATE... But if this company is Real and 25% honest, then a Buyout Offer should be forthcoming Sometime SOON. I hope I can hold on long enough as my life line isn't too long after being destroyed by this for so long. Yet I wouldn't be surprise if the offer were $1.00/ share. With some feedback and slight resistance it could get to the $1.50 to $2.50 level. That's about all I can see coming but that's still a gain of 300% to 800% from where it closed today. Not too bad for the recents, but not so great for the old time holders. So where it comes from I do not know but if it were to happen it is far and away better than where we are today with such uncertainty and liquidity issues.... so I would accept even at a slight loss as it's a lot better than nothing at all.
Your narrow rationality and view of the company along with your theories can (and will) all be easily thrown out as the tide turns. You have it in for this company, the guys running it, and the shareholders who are contemplating their destiny. What joy do you get berating, tearing down. and ultimately trying to destroy others? Yes, the business seems to be a wild card given all the missteps and red flags over such time... but maybe there is a backbone of substance and truth which you constantly discount are an aberration. Garrett and many others believe there is real substance backing this very mismanaged company and that they can pull their act together to realize something positive for their long suffering shareholders. Your a Negative Nancy and nothing will change that... If and when this does move sustainably up you will quietly hit the exits. And everyone will breath a sigh of relief.
NEf, since both you and I began communication I found you to be a good guy... your briefing on your dog just confirmed that. You have a good soul and spirit and your life hasn't passed you by. I wish I were your age. I've had a most difficult and frustrating life. A few ups but too many terrible downs. Yet through through it all I somehow find a source to muster enough energy and focus to take on another day. Life sure isn't easy but it sure does look that way for some (the lucky ones). Is life just a roll of the dice? If so, they seem loaded too often. Keep on keeping on Bro, Good times are a coming, so hold your head up and keep your spirit high as you never know what's around that next corner. God bless you, over and out.
not only the Chinese, many juiced up high flying FANGS too took a beating. Wish I had just one of them, even with today many are up over 500% over the past 5 years. Unfortunately I have none of them but I still took a swift hit across the board... Not good.
very good point... now if only they could collect some (or most) we'd all breathe a great sigh of relief and the price of the stock would BEGIN to LIFT-OFF before SKYROCKETING!
And Big Bear ZeroHedge (he even Hijacked his screename) WOULD Drop and go to his Beloved Namesake 0, Zilch, Nada... and disappear, as in Pooof he's gone FOREVER.... One can only hope this comes about sooner rather than later, or heaven forbid, not at all.
You Could be Wrong... Yes the PRIOR and Current Trajectory is exactly what it looks like.. BUT, and it's a BIG But.... Things could turn the OTHER DIRECTION on a Dime.... and SKYROCKET!!!!!!!! You're a Shorter and a BIG NEGITIVE MOUTHPIECE HATER.... U NEVA Have Anything Positive to say... It's about time you take a LONG BREAK. One day you will have to meet your maker, same with myself and Solomon too. Do you really want to be living in Hell Forever????
I thought relatively recently you said you were out of this, didn't you? ... if so, why now such a change?
Tesla either will get bought-out, or flat-out Fail. There's no way they can compete against entrenched, established manufacturers head to head without massive investments which will put them in even greater peril of major default. Sure their car is nice, however the other luxury manufacturers vehicles will be as nice, or get this... MUCH NICER! IMO you better believe it or else you'll be beaten, eaten, and def-eaten.
True, Truer & Truest (if that's even a word). Just so sick and tired of getting screwed. There are decent people here, Not everyone is a Whore or Whore Monger. Just treat us fairly... with openness, honesty, decency and respect. Solomon, Dan, and the others... Is that really so hard to do?
true, very true... one must have absolutely no conscience whatsoever in order to do that. It sure is not me. I once owned a few shares of a listed Co. called Walter Investment soley due to it's mispriced valuation/ intrinsic value' and the near term potential unlock built into it. It seemed someone by the name of Perelman Vadim Director, 10% Owner
Baker Street Capital GP, LLC 10% Owner
Baker Street Capital L.P. 10% Owner
Baskerville SPV, L.P. 10% Owner
Baker Street Capital Management, LLC 10% Owner
X X 8,806,082
Invested "Everything", and I mean Everything into it. It was a near total bust... I think he lost 99.9% or something like $250 million. I got burnt for $15,350. that was more than enough for me to lose.
I now do not follow anyone into anything unless I have enough believable info. and a strong gut feeling. Well its still a coin-toss outside of the supposedly reliable big CAPS and FANG... none of which I can afford to own. OTC Co.s have burnt more people exponentially than all three big boards combined by I guess at least a factor of 100. I surely hope SIAF comes through, or else I could be like you, out on the streets living hand to mouth at 60.
I know no one personally who has seen the facilities nor interacted on behalf of my interests. All I have is to access what they post, say and supposedly do, along with the financial markets interpretation of it, and last but not least the messages, blogs posts and other hearsay voices both real & phony, here, there and everywhere with just a grain of salt.
Dutch,
Wow, would u really think to do that??/ Well I guess it all reall depends on how much you VALUE Your Friends and Family? I for one, with a very small family base wouldn't ever think of mentioning something like this to them.. unless I was either either stoned/drunk, or insane. Such an incredible high chance of being totally wiped out due to such long-term ineptness, manipulation and possible high up corruption. I have a monsterous 76.88% loss after averaging down a few times... so therefore I'm now "SPUNT" out, lol. Honestly I have questioned myself time and again as to is this a real Co., a hoax, mirage, or a charade? As the chaos and controversy surrounding this company never ever seems to subside or abate??
Nef,
You're still young. The best is yet to come. Keep the faith buddy.
So you're claiming they own nothing and have no real business. How can you be so sure ? If you can PROVE it beyond a reasonable doubt I'd immediately liquidate my position. Go ahead and prove your claims already (it's now beyond annoying to hear such loose details on both sides). And what If the company were to produce such adequate documentation along with the physical evidence showing legitimacy? I know you'd still believe it to be forged, and/or just a temporary setup cover-up of the truth. So Big Zero, it's in your ballpark now to PROVE the physical assets actually belong to other parties, and that no REAL business is actually going on. As you're probably well aware of several Chinese fraud companies had deep investigations which included camera's outside/inside properties, counting the vehicles and people in order to ascertain the true level of activity. Instead of just taking the WORD of your 'trusted sources', wouldn't it be prudent to gather enough DEFINITIVE EVIDENCE to prove your case before spouting off such negitive claims as you do multiple times daily?
So you are claiming they own nothing and have no real business. How can you be so sure ? If you can PROVE it beyond a reasonable doubt I'd immediately liquidate my position. Go ahead and prove your claims already (it's now beyond annoying to hear such loose details on both sides). And what If the company were to produce such adequate documentation along with the physical evidence showing legitimacy? I know you'd still believe it to be forged, and/or just a temporary setup cover-up of the truth. So Zero, it's in your ballpark now to PROVE these physical assets actually belong to other parties, and that no REAL business is going on. As you're probably well aware several Chinese fraud companies had deep investigations going on which included camera's outside/inside properties counting trucks/vehicles and people in order to ascertain the true level of activity. Instead of just taking the WORD of your trusted sources, wouldn't it be prudent to gather sufficient the definitive evidence to prove your case before spouting off such claims as you do multiple times daily?
Zero, I know it's difficult for you, but if by chance you could 'HONESTLY' answer an unrelated question about another alleged Chinese fraud company... What were your thoughts BEFORE the Buyout of 'Harbin Electric'... was it a total fraud, a partial fraud, or legit? And were Sino Agro Food to be fraud, why can't it get a takeout offer, or what they're discussing doing to bring tangible returns to us investors?
The case of 'Harbin Electric' for those who may remember, and a good read for those who haven't heard.
Here's Something to Consider... SIAF maybe very similar to this one.
https://seekingalpha.com/article/298406-unmasking-the-harbin-electric-buyout-drama
yes, I agree.
yes, hopefully this won't be like the past. We need a good ship and some steadiness to ride out any storm... we just made it thru a CAT-4 Hurricane... hopefully some good smooth sailing for awhile.
Dutch, you definitely deserve the credit. Kudos to you and to everyone whose endured such misery.
Well put. Those who value money over EVERYTHING else are some of the sickest puppies. When someone pours their heart and soul into a worthy and achievable project, setting goals and achieving them on time and budget are often very difficult, but once one is well entrenched in the makings, it's extremely difficult going back. My concerns are allegations of mismanagement, honesty and integrity which more than a few here constantly claim are lacking. Let just see what they come up with May 29th, HOPEFULLY this day may permanently change the course of events in a Most POSITIVE WAY.
I do not care about either one of your individual personalities/disorders and unsubstantiated claims. However you have not responded to my reply to your post requesting as to WHAT NEWSPAPERS Published this info., and WHEN was it Published???
Right on. I think Handlamera could possibly be Solomon, or Solomon's Auntie, or someone who's either a shill, a degenerate liar, or else a dazed-n-confused happy-go-lucky dreamer? Another thing that's on my mind is what the heck is Garrett D'Alessandro (The head honcho of a large US based Bank) is seeing in this, and why has he put forth his own personal capital in such a capacity (that is IF it's his personal capital)? Garrett actually seems from what I've read so far to be a decent upstanding 'investor' who truly believes in Solomon's mindset and mission, and he (Garrett) claims he won't seek to hurt us existing equity holders with the potentially toxic $4M convertible overhang. I personally don't know Garrett, but I would like to know if someone here has taken the time to call him (phone # to bank is posted on the banks website) directly? Also everyone here seems to have taken for granted that GRDTRI is actually Garrett himself, or is it a shill who has pulled the wool over everyone's eyes (once again)?
I haven't been following NWBO for quite awhile. Holding a few shares from way back when. Do you know what, and when (approx), the next major readout or other catalyst is to be released?
"If" u STFU we all would be happy/ier.
You are CORRECT. I understand exactly your point. I'm baffled by what is going on here. I have lost a lot of money in smaller Chinese Co.'s... I feel your angst. BTW, since I still have a few Chinese holdings, which company is it your suing?
I know these thoughts are unconventional and even illegal (in most parts of world), But...
Retribution networks exist, several prominent ones are active and have reinvented themselves over many decades even here in the USA. These are the hands who get a pay up or shut down, sometimes forever, quite literally.
China's Government(s) are often in cahoots with the shysters/ criminals. Most often it's International in nature, because that's where the money is. And the market is a hot spot for them to feed. It's a tag-team which really can't be stopped because of near unlimited resources, control and fire power.
Lone wolfs are often effective and do much of the work, yet special teams of specialists much like our heralded NAVY SEALS, along with missionaries, and even negotiators are sent to carry out definitive orders.
I know that some of the people here were they to lose EVERYTHING invested would be willing and able to contribute to the hire of this force of righteousness and justice. Aside from Lord above doing what he does to right the ship, evil scheming men who destroy others are not easily forgiven.... this is just a means to possibly recover some, or even all, for a small fee if enough of us were to contribute say $500-$1000 to counteract and respond to such evil.
At the moment this is just 'Food For Thought'. I only hope and wish they do what's right for investors who've suffered way beyond reason. Should anyone here like to add something of value (aside from knocking my sanity), kindly respond.
What about Tony? He seems 100% legit and I do not think he would want his good name forever smeared by maintaining a long-term association/relationship/employment of/by a crook. I can't see him that sense. He surely has witnessed enough events and circumstance in his capacity to be acutely aware of what is/was going on (even if it never had access to the supposedly crooked books and records). So then why has he remained this long If he had such indicators of there being massive fraud around him, wouldn't you think he would've resigned by now?
You claim that:
"Tony has never been commercially farming"
So Where is Tony in all of this crazed fiasco? Practically no mention of him on this board. IMO he would be our man to give near total Credibility to the functioning of this business, or if appropriate he can Spill The Beans on Solomon & Co. If he were to need assurance or incentive I'm sure Garrett or others can help in that dept. SO why hasn't anyone spoken to him and offered him total immunity and a whistle-blowers reward?
.Prob. right... it is a scam. One day someone will catch up with the scam artist and kick his ass so badly they'll get back what they've stolen and then some. Crooks are running the show, Honest men here have no chance whatsoever. I stay far away from BS like this one.
So is this record certifiable and are they held ACCOUNTABLE for errors or omissions? At least to the Chinese Government??, but therein maybe the Achilles Heal... How much inside graft and favors there must be within such a Communistic Machine? As to the discovery of false info and recovery of monetary losses where this falls out I do not know, but I do know it's not good. Yet because it's consumed so many millions I would assume it to be somewhat medium to high up there. If they were to go to such an extent and over such a time and not be discovered and dealt with, then there's little to nothing within such documentation at the bureau that can relied upon by any outsiders and therefore most everything would/will be highly suspect and deemed the lesser or nothing at all, until proven in a substantive tangible way or manner. Yes, I have personally been victimized by several of these frauds and have suffered terribly. It's cost me not only a large chunk of a lifetime of work and savings, but also my dignity and self respect. I've lost much and need to gain some of it back. Throughout all this trouble I've gained a real good lesson thru the school of hard knocks in just how cruel and evil man can be, in which I wouldn't have known without such terror. Today I try going forward with cautious optimism yet a light spirit, but I hesitate often and need to check and verify before i get too excited about anything. I;ve never been able to do that with a Chinese company... But truly how in high hell can one really know that it's real without going there themselves and verifying the true books and records, and squeezing the charmin? Big Four Accounting Firm did Audited Reports and they themselves were conned. Yet today all that I have remaining to rely upon are those who seem to be credible by their persona and nature on this board and in a group of which I'm a member... and hopefully these credible individuals haven't had a go at the kool aid. Again, I ask myself why are so many in society so driven by such unbridled greed, wealth and fame? Why is it that money itself is more valuable than a good persons heart, soul and spirit. Humans shouldn't be disposable, often more so than a 5 cent recycled bottle/can return.
The SEC gets nothing done for investors who've invested in Chinese Co.'s I've had several total disasters which were clearly outright frauds, but absolutely nothing resulted. Other than a couple Class Actions (resulting in pennies on the dollar) it's nearly impossible.... I've had both NYSE and NASDAQ Chinese Fraud Co.'s result in ZIPPO, The OTC issuers would only do worse.... So now what's worse than zero? Zero Minus... That's what one gets trusting and putting your faith and fortune into someone else's greedy hands.
I sure hope this is legitimate, I cannot bear thinking how hurt and devastated some people will be (incl. me).
You know that even if it were 35MM shares, what's that in the grand scheme of things? I disagree with your premise that this is a total charade. People here and aside from here have visited them, seen the facilities going up, and hopefully have witnessed some daily and other important operations to various degrees. There's a company AquaBounty AQB using RAS successfully to raise a GE approved Salmon somewhere within a central state of the continental USA. Fish Farming/Aquaculture is a very important business today and for future generations. Why have you such disdain for this company getting it's businesses on-track and returning something tangible to investors who've suffered so so much (in a small part due to your constant bashing some have probably sold taking sizable losses). I believe they (the company) will come through. IMO Garrett wouldn't have put up such funding without some significant due diligence. Your claim that you're sources are so spot on in this being a fraud. I would think Garrett and some others who are known by name here on this message board are more of a tell tale sign than your claimed hedge-fund/attorneys could ever be. You for all these months (years) haven't revealed your true identity nor your position in making money on other's suffering. So if you're proven wrong, which I believe you will be, then no doubt you are the DEVIL... as in DEVILHedge!!!
I will buy all your shares for $0.80 contingent they do not go under $0.28 before reaching $0.68 What broker(s) do you use and we can get it under contract ASAP, maybe early Monday?
so at $0.40 it's "only" another 15+ Million New Shares (approx. 50% dilution)
how is that? I haven't seen anything yet.