OKay, yeah then we're on the same page. No more dumping as soon as they get cash flow positive in mid Q4 then.

Oslo closed,

87k shares in volume at 31 cents in average.

Anyone else?

Yes, I think it was a good and promising conference call.

It was also good to hear that the dilution will come to an end relatively soon from the donkeys mouth.

Well, the issue has always been the collaterals regarding that loan, and it was why they had issues to finalize it the last time. I think this was really good news.

Positive cash flow in mid Q4

Dilution until then, it will stop during 2018.

The TRW share is worth more now.

3.81/3=$1,27 per siaf share

Land as collateral for a potential $100M loan, I think this was great news.

TRW dividend, will release PR in a few weeks.

At least the TRW share is worth more now.

3.81/3=$1,27 per siaf share


Land as collateral for a potential $100M loan, I think this was great news.

They will stop issuing shares in 2018,
Which probably means 5 more million at the most if they're selling all the way in to december, but they said the cash flow will become more positive in mid Q4 so hopefully they're done in a month.

TRW dividend, will release PR in a few weeks.

Conference call link

5%, but it could be a group or one of those who have reported already.

Since someone has been picking up like 10 million shares lately I think there might be an incentive behind it.

Yeah but it doesn’t really say anything since it’s all hidden orders. I bet they have 200k shares for sale at 2.60.

it’s just peanuts on both sides like 2500 shares, but there’s of course an iceberg at 2,60, good thing is that they’ve been buying about 80k shares a day lately. About 1 million shares left for sale, it could go away quickly if we get good news.

The chart want it to break up now, if it does first step up is around 66-73 cents.

It will looked as with a discount, a share that’s impossible to trade will not get full value IMO.

I would like to hear:
We will not exceed 50M shares, Solomon with a few other larger shareholders will soon convert their shares to preferred shares + paying off some of the collateral shares.
More information about record date next week, with a record date in mid/late October.
Record date for cash dividend will be early November, which will be paid out mid January.

#$1+ by 1st October #justgetitdonesolly



Instead we will probably get:

Hear more about the TRW dividend within a few weeks
A/S raise to 75M, due to ECAB shares and existing and future collateral loans.
Nothing new regarding the cash dividend.

It should still go up to 70 cents on the second alternative, but it will go down again to 30cents after the record date. Cash dividends will be the only thing that are able to hold the SP above 25cents.


Either way it’s a good R/R to be buying here.

Transfer:

It takes a few days, 1-5 depending on how fast they’re putting it in motion.
But my online broker have to do it through another bank. It’s actually Nordea who does all the transfers for those who didn’t knew about it. I guess you could get it done more quickly if you were working directly with them.
There’s also a $200 fee to transfer.

Solomon seems to have been working hard on finding a contract, I think that’s why he rescheduled the last CC, because he was abroad at the time.

I’ve been doing okay, missed half a race up because of misinformation regarding the article in Norway. Yes I’m still cranky about it.

I’m at $20k+ for 2018, been holding in between 10k-155k shares during the year.
Probably transferred about 500k shares to Merkur from OTC.

Will hold about 125k shares at close today so I guess more than half are paid for this year alone.

I remember the good ol’ days when I had 30k shares and siaf could pop the value with $40k in a few days.

I’m feeling pretty confident that we’re seeing a share price above $1 this year, but we’ll see for how long. They need to stop dumping shares, for good. If the dumping stops and they’re on top of the cash flow we could probably see $3 in two years maybe, all IMO.

It will be hard to push it further than that with this track record, they need cash and lots of positive cash flow and it will be tough with all these loans that are due + the MF investments.

I think it looks pretty decent.. (regarding the trading)

We should get good news on Thursday.

We just need them to stop issuing more shares, its ridiculous..
I would not be chocked to see 500k in volume tomorrow. 28,5-34 cents.

I will add a few shares today and tomorrow, I don't want to be out now with the CC coming up and they might tell us more about the record date. There's a lot of buyers here still so I don't think we will get any bad news.

Haha, yeah what is this, only 210k so far. I think they're nervous for it to break up.. Did someone say free shares for the BOD members?

IDK, close tomorrow might get interesting. 0.285 might hold actually.

Yes, it seems like it, however the CC is very soon.

https://invst.ly/8iind

Yes, there should be a breakout very soon. Interesting lvls 50, 55, 72 and 1,22.

Let's see how far down they will take it now before the CC.

Absolutely!
There’s been plenty of good trading opportunities in the past as well ;) there’s only one thing that will make the share price stop dropping long term tho. I think the whole world knows this by now..

They have 1,7M shares in the inventory to sell at the moment so I’m guessing they think the market won’t get too upset from the CC, but who knows. They were piling up before the Q report as well and it wasn’t the best report we have seen.

Not to forget all the millions of shares they’ve been dumping below 30cents in the past.


Regarding the 0.55cents guys, they might just do an equity swap in order for SIAF to pay ECAB back, the numbers matches pretty well, if so then there will be plenty more shares to be sold. We need an update on this!

Meaningful would be to get higher lows and higher bottoms, we need more than a dead cat bounce.
1.20 is a much more meaningful level than MA100.
MA100 is just a indication that the sellers finally give the stock a moment to breathe.

Golden cross is when you get a true bull signal, I think that’s like at 5 bucks now.
I’ll put up the chart tomorrow or so.

Yes.

Ma100 is around 34 cents and the long term upper downtrend channel is around 1.20.

I think you should start writing a book about all this, there’s definitely enough material to write about. it’s hard to see how the ending will play out but we should know within 2 years I guess. Perfect for the part 2 :)

I’ll chip in if you’d like to go to visit the facilities.

Yeah maybe, but it’s always the same thing, they’re not telling us jack.. hopefully we will know more after this CC. It’s still weird why they would let 55 cents be sold for 30 cents.

I really hope these $0.55 guys wasn’t promised something in a contract for the trading facilities and that siaf will have to make up for the lost profit/revenue. I think it’s a bit weird that they’re not lowering the debt. It’s starting to be too much for just new loans towards capex.. and why would they be okay to sell their 55cents for 30 cents if it went towards new loans.

I would like to know why the debt isn’t going down at the CC.

We’ll hope for the best for them to be able to unlock some cash in the future.

I think they’re just banking on that they can handle his loan as all the other loans, they can just delay the pay date.

They stated in the Q report that they will get $3,6m -ish payed out in Q4, so I think that’s the only reason why they delayed our dividend to “sometime in Q4”.

As for the other things you mentioned, they’ve been expecting a $100M loan since the day Siaf got listed on Merkur. They even got 25+15+10=50M dollar loans before Merkur, but it gave us to nothing more than more shareholder pain.

I really hope they’ll pull a white rabbit out from the dark pile of crap they made, but as for now, the only thing I care about is that they will stop dumping shares. At the moment It’s worse than the obvious scam companies that’s out there.

Yes I agree, it would look good, but we’re light years away from this scenario at the moment. Search for Solly in the business dictionary and you will realize that too. I think the best thing would be if Solomon converted his shares to preferred shares and let ECAB get their shares. And announced that they’re done with the dumping for the next years at least, and instead of the dumping they will in the future if the money allows buy shares back. The $15M should be enough for Dan to buy suspenders and a small parachute. It’s pretty obvious they can’t run their company without any liquidity. So that when the next time they have a bad quarter or someone wants their money back doesn’t have to issue another 20 million shares. Or maybe even better, sell everything to ECAB let them win this war, and let them sell the pieces before Solomon dilutes us even more.

Think fiduciary and then sell 15m shares on the market so you can buy back 2,8-3M shares out of the 5,2M shares from ECAB, it would look like a new case involved with a very long sleeve white polo shirt.

Nope, I’m not joining the camp to say that the stock is only worth 55cents. At the moment Solomon forces us to think it’s worth 27cents, it will be another story when the dumping stops, not even a TRW dividend will help if they’re printing like this.

As for now the time and delays takes out most of the fun of all the possible good triggers as they keep printing shares like mad men.

Wow that’s genius, I’ve never counted dividends like this.
I now realize that I can easily make 100 000% every month by just buying shares in companies the day before record dates and sell them the day after...



Btw It was 10cents +maybe 2 cents extra for the next year

Really? Who would care at this point, we were at 37M not more than like 3 months ago when the SP was around $0.23-0.3, the only thing that matters is if they will stop printing shares. And it would not look great if they pay ECAB 3 bucks a share at this moment while they’re issuing and dumping shares for 55 cents, on top of that they need to have the money to pay both the $0.55 guys and for the collateral loans, not going to happen IMO. Solomon would not be willing to pay 3 bucks a share when it trades at 30 cents.

They’ve just issued 1,9 million shares over the last 10 days or so, they’re treating the shareholders like s***t, I think there might be consequences soon if they’re not telling the market what’s going on. It sure smells really bad.

It wouldn’t be great if they’re going to delay the cash dividend nor future dividends.

Haha sounds like the same principle as our conference calls now days.

Seriously what’s going on.

Will it matter? When Solomon has all the voting power?
I guess it’s a good statement to give at least.

They’ve announced it to the market already, it’s public information? I can’t see any problem with it?

Eh? No way they will be able to buy them back later on. They would have sold the shares directly to an institution then, instead they’re selling the shares directly on the market where a lot of retail has been buying.

I think we should stop dreaming, he gave away 50% of the company for 55 cents, if he would stop selling shares right now it would still take a long time to see a share price over $1,5. It’s not like these guys are buying any shares either, even though they have an “excellent” opportunity to do so.
I can’t see why they wouldn’t be allowed to buy shares at this point.

The loan is dead and they’ve already told the market about the TRW dividend so there’s nothing that stops them to adding shares.

Yeah, they’ve only issued 1,9M shares during the last 6 days..

Solomon takes advantage of this carrot as much as he can it seems.

I’m not sure it would look that good if they would be bailing right now. People would think they would take their money and run?

I don’t like that SIAF has been paying Solomon back his $3M loan, we would have needed it more than ever now and it was nice to know that he actually had some skin in this.

I don’t have a lot of shares right now, but I can’t figure out how this works, not in the few weeks timeframe at least. ECAB will of course get their shares before the TRW dividend, otherwise they’re really stupid, which they’re not. I guess they might be able to convert to preferred shares? But we would still get to know since Merkur have told them to report every issued share.

Im very frustrated with Solomon, there’s insanity involved if the numbers are correct.

So they’re going to pay those back now before we’ll get the dividend? In what timeframe will that happen? So they have cash now? Thought it was pretty tight since they’re giving half their company away for 55 cents a share.