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Did you figure out why they did not tell us about ECAB's deal last July? That was also a material event, right?
They have more shares to sell, that is probably why. I cannot think of any other reason. I hope I am wrong, but I feel Solomon is ready to ditch all western investors now.
which could mean they issued shates at 55 cents to ECAB, and then he needs to pay back more money to ECAB.
Or ECAB IS asking more shares from Solomon.
In addition to ECAB, Solomon is alao issuing shares to someone else. Again, I think he is ready to ditch all western investors. I wonder why Garrett is not doing anything. Even if he converts every penny for his note, he may not be able to sell for much. Another thing this tells is that no TRW shares will be distributed. Perhaps, that has been the plan since the start of the show.
Someone here mentioned that Solomon told him that Solomon was forced to issue shares. Did Solomon mean ECAB or something else? I think the conversation occured after 10k. So ECAB could force Solomon to issue more shares.
The company is doomed. Aquafarms alone cannot generate income to meet HK's listing requirement, that was in 10k as well.
Given the profotability, the loan is in danger.
No bank will give him money now. His recklessness, arrogancy and financial incompenency has destroyed the company. Sadly, he has ruied many peoples life, together with ECAB.
Solomon will probably write off some debts for TRW, that is the easiest way to wipe out SIAF shareholders.
So RD's conclusion regarding $20 million to TRW was wrong?
could you please let everyone know your holding size and average cost to add a little bit credibility to your posts?
You will get nothing if Solmon finds a way to sequeeze you.
Apparently, we need to block the possibility of listing or preipo if we want to get even twenty percent of our investment back.
We need to derail TRW's IPO to HK, that is the only way to make him feel pain. We need to have lawsuits in HK as well.
The moment I saw the word ambitious, I felt deeply horrified. I remembered Solomon said that the abbatoir would produce $1 billion revenue by 2017.
He is a horrifying and ignorant idiot.
I have a feeling that Solomon is ready to throw all westerners under bus, including Garrett. Someone told me that 10k has a lot of bs, reported things which were not actually done. hard to verify.
RD, in 10k, did you see any progress in AF4?
Amen to that. We were cheated, and robbed.
The 10k says they could split. Solomon will not distribute, he implied some new excuese already.
The company has not paid back Garrett, so the toxic loan is still there. Next week is the earning week, I hope Solly does not post a negative eps.
According to Tony, nothing has been done at the megafarm.
Nothing is at a premium now for SIAF other than paying back the loans. certainly not biogas.
Thank you, Garrett. Please apply pressure to Solomon. They need to sell non core assets, they need to perpetually stop building anything other than aquafarms.
Other thsn paying back you and ECAB, they need to halt any CAPEX.
Unfortunately, they are building biogas company, total bs.
They said the loan was imminent, a few weeks, in Q2 cc 2016.
They need to distribute now, set a ex–dividend date for TRW shares. I do not want hear any BS talks.
I think we also need to sue them in China or Hong Kong to stop TRW's future listing possibility.
They need to distribute TRW dividend shares. They can split TRW dividend shares ti two to three times, then quarterly dividend, then buyback.
I agree. stop dilution first.
Black–knight, I suppose they are US lawyers, right?
So the shareholdets here together should file a lawsuit. we together have more shares than Garrett, I think.
they will go dark after being sued, it could be what they want.
aandt, thank you for all the info. However, these kind of news does not mean much since we dont know how many shares we are going to have tomorrow, next week, next month and next year. pathetic.
So ECAB found out the toxic note with Garrett, then it force Solomon to have the same deal. Although Garrett seems to be a nice person, but ECAB is pushing down the pps.
Either way, all retailer shareholders were wiped out. I wonder how Hyperboy feels. Maybe his group will get the same deal.
RD, if that was indeed the case, why did Solomon not put the money into AF4, Tony had no money to do anything, from what I know. It does not make sense. After all, the succes of AF4 is the key, right?
Solomon is cooking the book, that is another possibility.
I felt the same way.
So they need to wait until May 29th to explain something. They can explain it now.
I agree, ECAB has been the destroyer for the last three years. It is by FD's design, that the market was not notified for their last July's deal; the shares were given in tranches, the $16 million was demanded back in 2016.
and there is a toxic notes with no floor conversion price. it was a calculated talk.
Just curuious, how did you get touch with him on phone?
RD, it is possible that he took your advice and he is doing something on the toxic note. He could convert $2 million for 10 million shares, lol..
Garrett can always work out a deal with Solomon, both have weapons of mass destruction, but not us. Lawsuit, that os suckers plan.
Emptyone, please talk to Garrett, he seems to have some empathy for small shareholders.
We need his support to save our last penny.
I am in.
They do not have money, nor do they care. If you think the toxic note with Garrett is just an accident, think again.
Solomon is going to raise AS and Garrett is going to convert. Then the big shareholders will utilize small shareholders anger to "force" Solomon to convert his A share, then the company will be taken private at maybe 50 cents per share jointly by those big players and Solomon. No TRW shares will be distributed. That is probably the true plan.
RD's anger and future action will help them even more.