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It's important information for an investor who might be trying to evaluate market metrics. It may be nonsense to you, but to others it may be valuable information in understanding their investment. It has nothing to do with glorifying the performance, but simply providing a comparison to peers.
When people speak of how the market should treat SIAF, it's probably a good idea to understand the actual market conditions that currently exist.
Stolpen, the purpose of guidance and subsequent reporting is to evaluate performance over a given period.
Focusing solely on equity issuance without knowing the impact to operations in terms of increased assets and earnings does not paint a complete picture.
Stolpen, again, management gives guidance at specific times, covering specific periods ( Annual Report and 6 months ended). That is so investors can make informed decisions about how management is performing.
Once the annual report is published, management will discuss the results. Investors can then compare the results to previous guidance in order to make an informed decision.
The purpose of periodic reporting is to provide such comparisons.
Updated guidance will be given at the appropriate time. Guidance is given every six months. Once during the annual report in which the previous fiscal year is discussed and guidance for the next fiscal year is provided and then once again at the six month period.
Guidance is not something that is updated in real time. Shareholders can then make informed decisions based on whether management met, or did not meet guidance given the periods reported.
I have given an answer. You'll have to wait for full disclosure which is provided via an audited annual report.
Stolpen, I am a third party. I rely on management for information, what information I am given I must consider SEC disclosures.
I have answered your question. Until the annual report comes out, there is no way to "do the math".
The assumption that the Company has issued shares above its authorized has been borne by this forum by individuals attempting to "do math" without all the information. The information you are requesting is reported in the annual report.
I do not know how else to explain it.
SIAF is a fully reporting Company.
SIAF is no longer a non-reporting Pinksheet. As a reporting Company, there are very strict rules that the Company must abide by.
If there is any confusion or speculation, it's being created here, on this forum. Nobody currently has adequate information to make an informed decision about equity issuance.
I do not have information regarding share cancellations, buy-backs or retirements. This information is detailed and audited in the annual report. As a reporting Company, information must be provided to ALL shareholders at the same time. Equity is treated the same way as earnings so the information needed to make an informed decision will be unavailable until it is fully reported.
You can't piece a puzzle together without all the pieces.
In respect to questions about the First North listing. The Company has informed shareholders on the progress as key steps have been made. These steps included retaining a certified adviser as required by First North and retaining legal counsel to head up the legal due diligence between all parties. Until something materializes, the best news I can offer is that progress is being made.
Future PR and IR are going to be bound by these same restrictions. Management determines PR policies, not the representing IR firm. I do not anticipate managements policies to change once a new PR and IR firm are retained. Future PR and IR representation will still rely on management to provide content and will still fall under disclosure restrictions.
Individuals wouldn't need to speculate about these issues if they contacted the Company for an explanation. Debating it, arguing over it and speculating among each other on an online forum is not going to provide answers, it's simply going to create fear, uncertainty and doubt.
Shareholders can direct questions to me at chad.sykes@sinoagrofood.com. I may not be able to answer every question, but the least I can do is provide some level of understanding. Again, SIAF is no longer a non-reporting Company, so any and all communications must first meet the regulatory rules of the SEC.
My email is chad.sykes@sinoagrofood.com
The T/A has never been "gagged" by the Company. Broadridge may have had there own policy in regards to dealing with non account holders, but it had nothing to do with a Company request.
I'm sure once Ms. Burgos is bombarded with dozens of requests for O/S count, that door will probably close shut as well.
I'll get this forum going in a few months.
I'd imagine for many of those CEO's they were unable to secure any kind of financing at all which led to them folding or de-listing.
The OTCBB market is almost on life support right now. Trading in the top 2% really does make a difference.
Please indicate that the Company purchasing stock was an idea you suggested and not something I stated.
This is how forum rumors get started when people misread what has been posted.
Weeble,
Since December 2011 over 51% of OTCBB issuers have de-listed to the pinksheets or have folded entirely.
There has been a 66% decline in active positions held by market makers.
Total share volume has declined 57%, total dollar volume has declined by 39% and the total number of transactions has declined 39%.
Management is having to deal with not only the negative sentiment of the China space, but it is having to deal with severe market conditions.
SIAF is not the only Company suffering right now. This is a market wide problem that has caused 1,212 companies in 2012 to leave the OTCBB.
I'm being anything but condescending.
source: http://otcbb.com/dynamic/tradingdata/monthly/generalstatistics.htm
I guess we shall see in the next filing for DEYU.
My business is doing pretty good actually, thanks for asking! We are in the process of raising private equity right now. I wrapped up proof of concept in late 2012 on our prototype and the data was better than expected.
I've been approached by a few CEA/vertical farm developers to license our technology. Right now, when it comes to commercial vertical aeroponics, our system has 4 times the capacity and is 3 times cheaper to manufacture than our nearest competitor.
So you can ROTFLOL all you want.. but aeroponics is at the cutting edge of advanced farming technology and our system is currently leading the state of the art.
We got some coverage at Seedstock.
http://seedstock.com/2012/08/30/houston-tx-based-startup-co-looks-to-make-aeroponics-an-affordable-reality-for-urban-farmers/
I don't plan to be an IR guy forever. I'm putting my money to work by investing in myself.
Too bad DEYU could barely muster $40K in volume on a Lebed pump. SIAF does three times that on any given day.
Not even a Lebed pump can spark interest in DEYU.
As for why Lebed was hired, I'm quite sure those Series A Preferred holders are getting tired of holding them.
DEYU Characters
DEYU: Oh the Irony..
You are welcome to send your questions to me at chad.sykes@sinoagrofood.com, or info@sinoagrofood.com and I'll be glad to answer them.
Both emails work just fine. I'm not sure why you are having this problem.
This is also not the first time you have made such statements and I have replied on this forum with my contact information.
I'm looking forward to your email.
info@sinoagrofood.com is forwarded to the other email account.
I respond to every email I get. Either you are not emailing me, or you have the wrong email address.
chad.sykes@sinoagrofood.com
IR's are typically not anywhere near as informed as the auditor or legal counsel for a Company.
If you want to direct anger at someone, the last place is IR. You need to be looking at the Company's BOD, executives, legal counsel and auditor of whom the IR relies on.
Most information published by an IR firm has first been drafted by management, reviewed by the BOD, approved by counsel and based on audited financials. All IR firms do is pretty the information and communicate. The job of checking accuracy is done by other professionals such as the board of directors, the auditor and legal counsel.
There is a chain of command so to speak and the IR is the very last link in that chain. However IR tends to be the first to get blamed because it's the link in the chain that investors deal with directly.
The BOD approved an annual dividend policy of up to 8% in late 2009. It never promised 8% total would be distributed. That's become the belief on various forums because people have kept repeating it.
Empty, I completely recognize many people have been burned by China small caps. I started the ECSC board (now CGS) in 2009 when I recognized the China small cap trend. It reached a peak of some 20,000 unique daily visitors, was Ihubs #1 most posted forum and now today can barely muster a dozen posts a day. All my contacts have vanished, were wiped out or just left the space entirely.
I'm all to familiar with what's wrong in this space. One could argue I'm an expert on it. No amount of PR/IR on the domestic front is going to change the China small cap perception.
The only reason SIAF is where it is today is that our marketing efforts at the peak of the China small cap trend attracted European interest.
I'm a seasoned project manager maui. Example, in early 2012 I negotiated a financial reporting contract that reduced the Companies XBRL reporting costs by more money than I make a year..
That alone paid for my services for 2012.
Because Empty, I'm not a PR firm. I'm an IR consultant. I'm technically an analyst and project manager. I provide management with raw data so that they can make informed decisions on what they might expect from employing various PR/IR programs. I then act as a project manager for whatever programs or firms the Company decides to contract or undertake.
We currently rely heavily on our "lead investors" to bring in additional investment because that's how you build a strong long term shareholder base. Undertaking heavy retail PR can be a double edged sword if the market is not strong enough to support the short term gains such marketing techniques deliver. The U.S. market is simply not strong enough to support a comprehensive retail PR campaign. All the data we collect on such matters supports this.
The FN listing however should hopefully change that. It will provide access to a new market. Once quoted on FN, there will be a whole new network of brokers and institutions that can be marketed too. The Company is already looking at potential PR/IR firms that have experience operating in those markets.
It's not about retail PR empty, it's about who has the most professional contacts and can bring in big investors. There are no IR/PR firms that are going to be effective at bringing in investment into a china small cap in the U.S. domestic market.
There are a lot of things happening behind the scenes to prepare for FN and PR/IR is part of that. The Company has a whole slew of advisers and I'm just a little cog in the whole process.
What other OTC stocks do you own empty?
Dollar volume treit, not share volume.
SIAF produces more average dollar volume than 98.57% of issuers on the OTCBB. Without that dollar volume, the price per share would be substantially lower and the dilution far worse.
Now knowing that SIAF is a China based company, which is considered virtually toxic by the majority of U.S. investors, doesn't it strike you odd that it is in the top 1.43% of all OTCBB companies?
What does this tell you about the general market conditions in which SIAF trades?
I'm not sure you understand just how poor OTCBB companies are doing right now. Just in the last year, the OTCBB has lost 50.34% of its issuers. Most have either completely folded, or were so strapped for cash they voluntarily de-listed.
I honestly think if you looked around at the performance of many other promising OTCBB companies, you'd find SIAF is doing quite well even with all the shares being issued.
SIAF is just one company in a larger market, a larger market which is performing quite poorly while SIAF has been growing by leaps and bounds.
I would never purport to know what the future market for SIAF's shares would be.
All I can do is analyze current data and based on that SIAF is one of the top traded OTCBB companies, ranked 17 out of 1,185 issuers to be exact.
November Average Daily Dollar Volume
SVEN SUPERIOR VENTURE 8,947,238 $2,353,198 0.3375
SANP SANTO MINING CORP 2,226,902 $1,745,514 0.41
AMBS AMARANTUS BIOSCI INC 30,846,720 $1,356,790 0.0228
SLIO SOLO INTERNATIONAL 13,954,094 $950,856 0.0106
FNMA FANNIE MAE 2,908,813 $824,349 0.273
FNMAS FANNIE MAE PFD S 528,571 $821,454 1.6
FMCKJ FREDDIE MAC PFD Z 430,505 $684,985 1.62
FMCC FREDDIE MAC 1,858,088 $527,857 0.296
ZERO SAVE THE WORLD AIR INC 323,816 $354,090 1.05
GRZG GRIZZLY GOLD CORP 305,895 $345,277 0.5
CTLE NANO LABS CORP. 284,757 $330,577 1.12
ACTC ADVANCED CELL TECH 4,980,959 $324,712 0.0613
MAXE MAXWELL RESOURCES 331,000 $292,730 0.69
APDN APPLIED DNA SCIENCES 1,224,690 $231,371 0.1799
TFER TITAN IRON ORE CORP 604,212 $215,207 0.27
PHOT GROWLIFE INC 4,471,901 $200,651 0.04
SIAF SINO AGRO FOODS INC 331,646 $183,224 0.51
VPIG VIRTUAL PIGGY, INC. 135,474 $165,507 1.37
AUGT AUGME TECHNOLOGIES 268,729 $160,797 0.611
CRVW CAREVIEW COMM INC 166,468 $151,366 0.81
CTIX CELLCEUTIX CORP 146,566 $147,092 1.03
LFAP LIFEAPPS DIGITAL MED 538,071 $145,691 0.26
TTNP TITAN PHARMA INC 159,622 $142,937 1.05
NNVC NANOVIRICIDES INC 251,837 $132,856 0.5
APPA AP PHARMA INC 234,250 $127,851 0.53
TRTC TERRA TECH CORP 287,462 $114,856 0.4699
ECPN EL CAPITAN PREC MTLS 405,583 $108,625 0.2499
NGRC NATIONAL GRAPHITE 194,277 $98,422 0.58
SITO SINGLE TOUCH SYSTEMS 251,193 $94,273 0.469
GSTV GLOBAL STEVIA CORP 798,016 $89,897 0.049
PTQMF PETAQUILLA MINERALS 167,509 $86,068 0.488
ADXS ADVAXIS INC 2,006,907 $85,811 0.06
VGLD VALOR GOLD CORP 129,783 $80,064 0.84
MAXD MAX SOUND CORP 220,801 $72,040 0.339
IWEB ICEWEB INC 984,836 $68,786 0.0625
GFMH GOLIATH FILM & MEDIA 2,455,326 $65,394 0.0083
BFDI BREKFORD INTL CORP 124,269 $64,933 0.51
ELTP ELITE PHARMA INC 721,030 $59,813 0.084
BCLI BRAINSTORM CELL THER 281,351 $54,409 0.195
PYMX POLYMEDIX INC 413,377 $52,306 0.17
FCSC FIBROCELL SCIENCE 282,394 $51,574 0.16
CTSO CYTOSORBENTS COR 385,847 $48,582 0.144
GNBT GENEREX BIOTECH CORP 996,414 $43,246 0.0391
PSID POSITIVEID CORPORATI 1,978,127 $41,201 0.018
ATTD ATTITUDE DRINKS INC 60,741,995 $35,132 0.0004
SFMI SILVER FALCON MINING 1,345,147 $33,848 0.023
CALVF CALEDONIA MINING CP 323,309 $33,810 0.095
MYRY MYRIAD INTERACTIVE 763,555 $31,373 0.025
MFTH MEDISAFE 1 TECHNOLOG 6,543,367 $25,576 0.0021
TPIV TAPIMMUNE INC 225,248 $25,281 0.09
ERHE ERHC ENERGY INC 248,661 $23,536 0.109
XDSL MPHASE TECHS INC 8,054,284 $23,202 0.0022
WDDD WORLDS INC 128,257 $21,020 0.175
CBAI CORD BLOOD AMERICA 3,973,356 $19,344 0.004
VSUL VISUALANT INC 159,434 $18,449 0.1
RXII RXI PHARMACEUTICALS 231,937 $17,824 0.085
VCST VIEWCAST.COM 146,017 $17,813 0.1089
SNPK SUNPEAKS VENTURES IN 448,832 $17,120 0.0301
DUCP DAULTON CAPITAL CORP 357,103 $17,014 0.023
ESPI ESP RESOURCES INC 191,979 $16,878 0.12
APNT APPLIED NANOTECH HLD 135,068 $16,440 0.1199
AEMD AETHLON MEDICAL INC 225,729 $16,346 0.063
MNAP MANAS PETROLEUM CORP 201,467 $15,819 0.094
CWET CLEAN WIND ENERGY 931,664 $15,240 0.016
FLXT FLEXPOINT SENSOR SYS 152,395 $13,319 0.077
INIS INTL ISOTOPES INC 135,350 $12,702 0.13
VKML VIKING MINERALS INC 268,436 $12,395 0.042
PAYD PAID INC 280,808 $11,513 0.05
STNT STEVIA NUTRA CORP 144,000 $11,429 0.08
GGHO GENESIS GROUP HLDGS 487,730 $10,509 0.0255
BLTA BALTIA AIR LINES INC 663,985 $10,456 0.02
FRCN FIREMANS CONTRACTORS 7,216,218 $9,996 0.001
SOPW SOLAR POWER, INC. 145,186 $9,049 0.09
VIIC VISION INDUSTRIES 130,010 $7,922 0.055
SFOR STRIKEFORCE TECHS 1,516,345 $6,283 0.0056
PZOO PAZOO, INC 154,618 $5,694 0.03
IPRU INNOVATIVE PROD OPPO 2,375,340 $5,256 0.0025
NPWZ NEAH POWER SYSTEMS 529,711 $5,043 0.0082
SCRA SECUREALERT, INC 204,004 $4,666 0.021
BRTX BIORESTORATIVE THERA 184,956 $4,583 0
AHFD ACTIVE HEALTH FOODS 4,971,389 $4,453 0.0007
IMEK IMETRIK M2M SOLUTION 208,266 $4,425 0.017
CSSV CASPIAN SERVICES INC 150,714 $4,422 0.031
VNTH VANTAGE HEALTH 186,781 $4,252 0.019
POSC POSITRON CORP 394,387 $3,160 0.0084
NECA NEW AMER ENERGY 166,274 $3,011 0.017
SPOW SKY POWER SOLUTNS 643,187 $2,791 0.0052
CHRI CHINA HEALTH RES A 273,130 $2,593 0.011
CAMH CAMBRIDGE HEART INC 139,510 $2,523 0.025
GLDG GOLDEN GLOBAL CORP 523,528 $2,242 0.006
ACLP ACCELPATH INC 730,629 $1,794 0.0012
DEWM DEWMAR INTL BMC INC 501,635 $1,730 0
SIRG SIERRA RESOURCE GROU 240,130 $1,655 0.0069
BGNN B GREEN INNOVATIONS 4,958,178 $1,567 0.0005
AEGYE ALTERNATIVE ENERGY 1,444,429 $985 0.0008
IDVC INFRASTRUCTURE DEVS 752,991 $798 0.0012
SKNYE SKINNY NUTRITIONAL 597,537 $737 0.0011
CSOC CADUCEUS SOFT SYS. 208,958 $413 0.002
Basil $12.80 $89.60 $384.00
RDVWF RADVIEW SOFTWARE LTD 136,006 $328 0.002
MCLN MEDCLEAN TECHNOLOGS 2,739,057 $317 0.0001
Source: https://www.otcbb.com/dynamic/tradingdata/top100list/top100.htm
Investigative report I stumbled across while looking back at clients who had screwed me over..
http://geoinvesting.com/companies/duediligence/dont_get_dunked_in_the_ld_holdings_pool_of_hype.aspx
Wayne.. you've been around this joint longer than most these folks. You know I'm all bark and no bite. :P
I'm technically not on a payroll, I'm contracted.
I've been here since the Company was basically nothing more than a Dairy operation with $16M in revenue, was a pinksheet trading at $0.005 per share, had a market cap of $250,000 and only traded an average of about $500- $1,000 a day.
Nobody knew anything about this Company. I bought up almost the entire float when there were only around 2M shares in early 2009. I was Solomon's first major retail investor and the first guy to offer him some solid advice about the OTC.
By 2010 the stock had reached $1.80 a share, was trading in the millions of dollars, was the #1 stock on the ECSC Index and was out performing the entire China small cap sector. The Company had interest from all over the world and we gained the attention of the Swedes.
That was 2010 and we were bouncing hard from the 2008 financial meltdown and China stocks were all the rage, everyone was making serious cash.
Well it's now 2012 and things are tough, the market is tough, there's this fiscal cliff thing and geopolitical instability is at it's highest since the beginning of WW2. China stocks are almost considered toxic by most American investors, the SEC and PCAOB are strong arming the China regulators and the OTCBB is at an all time low for dollar volume by almost 40% of 2011.
http://otcbb.com/dynamic/tradingdata/sharedollarvolume/dollar.htm
Despite all this, the Company is still currently one of the top 20 most actively traded OTCBB companies out of the entire 1,185 that trade. The Company is consistently in the top 20 and makes the top 10 on a regular basis.
http://www.barchart.com/stocks/otcpv.php
But yes, some people still bust my balls. <insert sarcasm>
Shareholder Call MP3
Q3 2012 Shareholder Call
I did some more checking. I found that LIWA had also entered into a similar agreement in October of 2008. It does appear that the Series A from LIWA was recorded later as a 1:1.
I can admit when I'm wrong.
Joe, you need to re-read those filings again bud. They are NOT in at $4.40, that's the unit price of the convertible Series A shares. They are convertible into common stock at the value of $4.40.
Example: If the closing bid price is $0.75 at time of conversion, they receive 5.86 common shares for each 1 share of Series A.
$4.40/$0.75 = 5.86
Share Purchase Agreement
http://www.sec.gov/Archives/edgar/data/1467746/000121390010001707/f8k42810ex10i_ecobuild.htm
Designation of Series A
http://www.sec.gov/Archives/edgar/data/1467746/000121390010001707/f8k42810ex4i_ecobuild.htm
According to their latest 10Q, they have 1,995,475 Series A Preferred left.
http://www.sec.gov/Archives/edgar/data/1467746/000114420412045403/v319116_10q.htm
You are welcome to contact the company and ask them if my analysis of their filings is correct or not.
Sorta OT.. but..
I just launched a Kickstarter campaign for my start-up. I figured a few of ya might find interest.
http://www.kickstarter.com/projects/ccsykes/indoor-harvest-lets-make-vertical-farming-open-sou
SIAF #1 volume leader on the OTCBB
http://www.barchart.com/stocks/otcvl.php
That should get some attention.
SIAF has better liquidity than most listed China stocks ;P