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Anyone know what S view is on his Ashares I have not heard anything. I do not only wanna change smth, I wanna know if there is any point in owning the shares.
But lets wait I hope he will make things clear in the upcomming weeks.
If I was Solomon I would at least not want to be a hated person. He has been taking money from people.
So you comfirm we will be forever hostages until the man gets sick or smth ?
I think its fair that he keeps them for some time until they reach some milestones. Thats why I asked for a deadline. If pps go up to 10 dollar, will he give away his A shares? We need to get commitments.
First step is that they remove the A shares, then at least S needs to respect the owners and if not he is fired.
I'm afraid you are right, I hope this email will reveal there intentions.
The management need to commit that they will serve the shareholders interest, otherwise im out.
Solomon need more than anything get rid of his A shares, without them he needs to start care, as long as he has them he doesnt need to give a s**t.
Empty, I know u are very pissed, u want to be in the letter?
Jyoo, I wrote it very fast and saw some mistakes, but if you could support to rephrase would be very appreciated. Do you want to have your alias in the letter?
Aqua, I will keep as is, I want to point out things that should be no or little issue to implement. Do you want to be in the letter? If more ppl sign the more likely we get an answer.
Also note that no of my advices was "teaching" him how to run the business. I just advice him how to act with other ppl money, eg. if we make a profit, I want to get back some of my investment as divident/buyback etc. also I don't want him to dilute my shares, I also want to have a fair voice in the company by removing A shares. I also want the compansation to management (which always is decided by the owners) incentivice him to increase pps.
What owners should avoid discuss is how CEO operates the company. But in all other cases if we are not happy with how he run the company we can fire him.
The request are what anyone should expect from a company, I live in a democracy and expect my voice to count if I have invested 100 000s of dollar in a comapany.
Owners of company or normally the ones deciding since it's our money management is playing with. Now he keeps his A-shares and keeps act like a dictator and now we have ppl who feel we should not even adress our concern. The problem is that he can do whatever he wants withou beeing accountable for his actions. And yes when it comes to how to treat shareholders I think a random guy on the street would do better than Solomon so our advice would not be a waste.
I will never feel truly comfortable until these A shares are gone.
If he doesnt want to listen to many shareholders becouse of they way something is expressed or language I would be happy to know, becouse then I will dump all my shares. I dont write becouse I belive he doesnt know what to do, although im not convinced he does. He is an amature when it comes to stockmarket.
I want to get an answer on all the comments, becouse for me they are all easy to implement and if they start talk around them I also know what to do, dump my shares.
You can try to write a crying email on how much money you lost but idk how that is better and blaming him for the losses.
Are you against the idea of sending an email or just the way it is written? Feel free to improve it.
If someone who is fluent in english rephrase it I would be happy
Hi everyone, I have already ten people signing below letter to Solomon. let me know if more ppl would like to sign. I will put your username in the end of the letter.
Dear Solomon,
I 'm writing this email to you on behave of several investors whom own a significant share of the company.
We would first like to say, as long term investors that we really want SIAF to thrive and we all hope that we will be happy SIAF owners in the future. Though, in the recent years we have seen a significant decline in the piece price which has been very frustrating to watch.
We would like to mark out some relatively easily management decisions that would increase the trust in the company, at least from our side, which should naturally mean other investors as well.
1. Be very strict with communicating deadlines, the market is very eager and do not like delays
2. Always setoff certain share of the profit for buybacks, dividend, for repaying loan or as floating assets
3. Do never increase outstanding shares unless a proper rights issue (please don't do that either)
4. Give a deadline when the A-shares will be invalid
5. Change the inventive structure, no management should receive more shares when pps decline, rather the opposite.
We would really appreciate if you could answer our concerns and questions. There are many out there, even among long term investor whom have had enough. I think they deserve an answer.
Loyal SIAF owners, what do you think if we put together a letter to Solomon/Dan that is signed by several investors where we to collectivly adress our issues and what we as Shareholder feel is missing at the current management? I honestly think it could be a good idea, it would force them to answer and gove feedback. Idk how much stock ppl here own but shouldnt be diffucult to get 2-3% (out of 19,7m shares) of all shares to sign.
Anyone what feel like you have a draft aready of potential areas. Let me know what u think?
I wrote to him the day after SEC file, he have not answered yet. But could be good if more ppl try.
The loan is done, it's just some lawyers to take a look at it and signatures that need to be put on a paper.
Do you really dedicate your life to tell SIAF investor (some random chinese company out of million companies) that we have invested in scam.
Are you even real? are you some pakistani hired by the toxic lenders? Who are you Zero, let us know ur intention.
Saying f*** it now must be the worst timing. Don't act by emotion.
Loan will be announced any week. After loan we can just dream what can happend, such as AGM, divident, pay back scam loan. To be honest I don't think you need much after megaloan cuz the pps will make u feel calmer.
You still own a company that is profiting 1 nok per share per month. I have 22 500 shares, that's not far from a salary in Sweden.
We are just angry other people haven't realised we are rich yet ;)
It just a guess, but based om my conversation with SIAF 3 weeks ago I understood that it was 95% sure that there would be no loan w50-w01. And more or less 80%-90% that it will be announced w02-05.
So i'm not worried that it's not yet annonced, I think the time starts from this week, it can be any day but should not be more than 4 weeks from now.
Week 3 or 4. Don't worry.
OFC SIAF could get higher than PE3, just pay dicident 50% of the profit each year and you will easy get PE10.
No we cannot. I can give you example. I talk to FD he clearly said that SIAF had breached the contract, I asked Solomon/Dan about it they where clear about that the ddn't breach the contract.
How come there is a general agreement here on IH that US lender is more likely to have sold? Are they not trustworthy compare to chinese lender ?
Sell? I'm gonna buy! This must mean that comeone is handing back shares or could it be something else.
Why did it go up 700%?
Could be, I would like to know what the loan is about. Could be smth great, or just some whatever detail that means nothing of importance :) Yet to see.
From Dan/Solomon themself, I used the same term.
whose method is simply to sell shares, drive down the share price, have more shares issued to cover the loan, all in the hope that the Company may never have the wherewithal to repay its loans, and thus never having the obligation to return collateral shares to the Company, i.e. toxic financing.
Peter told me January could be a good guess for when the loan is ready when I talk to 20th of December.
FYI below is a comment that Dalessandro did early 2017.
I own the shares personally. Have owned the stock for 7 years and continuously been acquiring shares. I know the company well. I expect significant growth in the next few years. We have endured many challenges however the opportunity ahead looks positive. We agree , The SIAF management team requires more financially sophisticated professionals to optionally realize the true value of the company.
Could be, but considering how the shares had been consolidating I think they might not even realistically be able to buy them back. They get more or less 3 dollar per share from Sino, im afraid how they will act when they know they will have to buy the last shares at 10-20 dollar and only get 3 dollar for them.
Outstanding shares is around 30 million. 5 000 000/0,17= approx 30 000 0000
It must be more or less impossible for the lender to get back there shares :) I hope it gets bloody, would be so nice to watch. I think the float is way to small for them to get back millions of shares without doing some 1000% pps increase.
Yea I think that would be very good, 5 million is 26% of the outstanding shares ex the toxic shares.
I have purchased stocks in both Sweden and Norway where singel person owns 80% of all shares.
it would be so enjoyable if the toxic lender now need to start fight to get back shares on the float that just got 4 million smaller :)
Shouldn't this be a final proof that it is more or less 100% that colladaral are sold, we have had one buyer buying 12% of all shares during less than a year, yet price is dropping a lot.
Sorry to talk about the negitive :) i'm glad we have a big buyer, hope he uses his influence over Solomon.
It's nothing about him getting into the board?
Will they use that to pay back some of the toic loan? i wonder how much they got, if its 1 dollar a share then its very small loan.
Why would SIAF take such small loan, even if its 5 dollar/share its no more than 1,8mdollar, which is a month of profit anyway.
I cannot belive that, did he buy like 4 million shares in such short time?
Whats happening? Did he buy all the ones sold from the lenders