Good question, and I confess ‘I don’t know’
Solomon is surely not a fool, and I am sure he has protected himself and his company.
Land use rights and using the local labor is a form of protection, and you can see it is widely done on the HU plantation, beef and fish farms, the best is looking to the fertilizer operations video.
What I wanted to made clear is not to fast using the word ‘assets’.
Just thinking of it , the SCEI story is a example.

Viking, you have to be very careful with the term ‘assets’. You never ‘own’ the land, but you have been granted a right to use the land. Under Chinese low, the land belongs to the people. You can’t sell the land who is granted for a long of short time. Also the conditions under the word ‘land use rights’ may change from province to province.
Some time ago I pointed to the political aspect of selling off the HU plantation, do not underestimate the terms and/of agreements to use the granted land.

viking, I admit that you phrase it more and better than I self have done it. I fully agree with what you writes there. And the term “dispute’ is indeed to be revised.
Glad that you see what we have already seen and understood for some time. I don’t want to go in a debate, but give Solomon some air, on the end of the day it is his child.

With some curiosity I was following the Garwor dispute.

No hiding the fact that years ago I came to SIAF because old European colonial history.
Of course today the same rules do not apply any longer, but if you know how old companies structure was looking like, and in some aspect still looks like, you have to look and understand companies as Socfin, Sipef, and a couple of others. The human mind makes in some way that history repeats itself in one or the other form.

A minority can easily control a majority because the majority is shattered around and thy are not aware of it.

It took some time to collect all reactions from my friends and make a final conclusion.
The given data are in line with our expatiations, thus general good received.
What concerns Huajie, there, also in line with our thinking that the final act shall be the end of this year. What concerns the warrants, we are nearly sure that thy shall expire worthless.
Finally, our friend jounatural seems or to be on the run, or has a hard failure.

Hyperboy, a trusted person shall give you the needed coordinates.
You are more than welcome

RD returning on our morning debate, have a look were Abraham found the mustard.
Over 160.000 shares traded, and have a look on ask/bid. It looks like that we are not al retarded.

So stolpen, you have to do your business in the middle of the night wile the wife is sleeping.
Don’t mind, I have to do it also sometimes, time zones you know.

Well RD, really doubt it that there are LPH sellers in my ‘circle’ , just the opposite. Every one has his opinion. What a lot of people are missing is what is going on between the curtains, and in so far my friends have been right on the spot. For your information, we are increasing our stake.

Same observation coming from two of our members concerning SIAF and thy are spot on if you closely read the nisse message, remember, I am only the frontrunner here, as I am the longest in with the largest stake. No more said.
From our group, there are today 11 under us SIAF investers, and as far I know two more have filled in their orders. No more added.

As for the saying in Dutch and ditto translation in English and later in Swedish (thanks Lauvin), correct.
No hard feelings Dutch, but transferring funds from the one to the other is not needed.

What or who is CDEL?

Good points.

Yes viking I am aware of this, but we were curious about it, and it was a asked question.

Thanks sly.

A question to my Swedish/American friends

Weeks ago one of my Australian friends had the message that there would be at last be one Malayan in the delegation. This proved to be correct.
Our Australian was making some inquiries in Malaysia concerning fish culture and contamination, and got very good answers from them.
The question is now, were thy there for fish farming? I do not hide the fact that we are very curious and perhaps overstepping the rules, but it is important to us .
Thanks.

Indeed, those carrots are already used by a lot of other, and proved other companies and have not worked. That is a better formulated answer. Thanks.

I know.

RD / I know that there are several ways to operate in the stock markets, margins, IPS and others.
Mine are all cash accounts, so I can’t bay without sufficient cash in account. Period.
On the other hand, if I place a order as being European, true a European broker, he has to forward his counterpart in the US the order, who executes this for his client, MY BROKER.

I have asked several brokers their stance regarding lending out shares, the answer is a diplomatic........nothing concrete. In plain Dutch ‘mijn naam is haas, en weet van niets’
Feel free to translate.

My feelings about a dividend are mixed, but see it as a personal expression were I am sure not everyone shall agree with it, even not my friends.
A dividend shall indeed boost confidence, and I know that most are seeking this, but this is temporalty, a dividend is fast forgotten.

I take the line of our friend Scandle34 here. I would say, keep the money for the time being, but look with the accumulated funds for other opportunities.
What concerns a dual listing, this has his points and could help creating more confidence.
A going private is a other thinking what is to be considered, and knowing the stake of management here at say 66%, looks more likely and can not be neglected. However as a investor with a long horizon I don’t like to see it coming. Look on the list of companies who ended their presence, there is a reason, and who is losing opportunities to be present on a more and more consuming market???

Our world is stagnating, their world is thriving, and stating that thy are in downturn, good thinking with a annual growth of only.....8%. I realize that it are hard words, but reality.

This was in our line of thinking also, and there are brokerage costs also in consideration.
I don’t know what the result of thinking is by a lot of people shall be, but is it word the hassle involved?
As for myself, the stake in combined accounts is worth to neglect not doing it.

I think they can change the value since it won't be effective until September 28th. As long as people know in advance what will happen.

There you may have a point

Btw, the F-shares we receive now are not registered. They will not end up in your brokerage account because they are not registered. The processing agent will hold on to those shares for you until 2014, at which time they will be cancelled.

This is not completely how we understand it, and I can assure you that we had a look on every angle.

Personally I don't think that is acceptable. Never mind the privacy matters and legal implications that you already mentioned. And I was thinking about selling the shares in my parents accounts, temporarily, because I don't feel like going through all the hassle. Anyone who has multiple accounts must feel the same way.

And indeed we were feeling the same way here, but have canceled this way of thinking

We will have to wait and see what they come up with. Like I said, I think the shares will be registered this time so they will end up in your account. But it's just a hunch I have.

In contradiction with your point two

DR : I just finished reading the statement again. It is a clear and set figure and there is added ‘until redeemed’. It is my understanding that in this case thy can’t change the value.

A other point of interest, I have a brokering house operating in 4 countries, including yours.
I have several accounts by this broker in country B and L. I can transfer from account X to Z to R, but only in the same country. But I can’t transfer from B To L.

Of course it are registered shares, and on name. This is the main concerns, as there is a name attached on it. I personally have no problem with it, but I do understand the problems from others.
And indeed you have a valid point were I was not even thinking on, a share is a share.
Thanks to keep it simple worded as it have set my thinking in a other unsuspected way.

It is our understanding that management is working on a more simple procedure to obtain the famous F shares.

The actual procedure as outlined has stirred some hefty disputing in our group also. The point were there is a lot of opposition is simply the privacy aspect. The way it is done is simply, the company know who is who and what is what. It do not concerns us, but some shareholders may have also to take in consideration the countries legal system were thy are residing in.

On top of it come the brokers who are operating in our/your name. Most of them do have their American counterpart who are keeping the shares in their account for may broker, thus for my, you have to have everyone in line to obtain your F shares.

As a example : I am living in country X, my broker is operating in country Z, I buy shares and those are kept in country Y. Electronic handling today is simple. To obtain the shares in a personal account seems not that simple. And as I understand our Swedish friends have the same problem, or it is not clear what is what.


Finally, thanks to everyone giving their impressions and news of what thy have seen on the tour. I can assure you that I personally have witnessed yesterday a unusual interest from outsiders coming with requests of information concerning our favorite company. It has stirred more than you can image and a lot of curiosity.

Sly, thanks for confirming our thoughts about the local politics involvement, and tanks to all our Swedish and other friends to share and comment on their observations.
Indeed our friend ‘joe’ must have by now a hart failure reading all this stuff.

Silverline, I, or better ‘we’ realize that we are not the only ones who have made our homework. I can only applaud this, as it is the only way to successfully investing.
The intention is not as been a booster of this stock, but to give a answer on facts or findings as we see it, and we are not always right, part of human nature. We realize that not every one agrees with us, this is their own freedom.

At last someone who has made his homework and is thinking.

What concerns the closing of the Huajie deal, I sure agree with you, but there are also other considerations to take in mind.
Every one is overlooking the date October 29, and this may be a turn point.

I know that there are pro’s and contra’s where it comes to Chinese stocks, and we all have to take in mind that there are more contra’s than pro’s.
We all had our good and bad day’s in China companies, but this is one where we have kept our eyes on for a long time by now. There are without any doubt frauds, more than good ones, but there are some gems what nobody sees. Some under you know that I have other intrest also, you easily can combine.
I have to balance on eggs now, but just think it over :

Longwei – perfect buyout candidate
•Insiders Cai Yongjun and Xue Yongping holding 67m shares representing 67% of the shares outstanding
•33m floated shares with additional 11.5m warrants expiring soon on October 29, 2012
•Current float value $50m
•PPS = $1.47; P/E = 2.30 and P/BV = 0.44 without impact of Huajie assets addition
•Taking private transaction should be considered with relisting on HK exchange that would result in high return on investment

Gentlemen, I had not the intention to start a controversy concerning RC.
I only wanted to anounce the up coming events were it concerns LPH.

In case you haven't known yet, Redchip just published formal show schedule for its 10/12 San Francisco conference:

http://www.redchip.com/visibility/conferencePages/SanFran2012/conferenceMain.asp?page=showschedule

Longwei once again is awarded the best presentation slot at 1:00pm right after lunch keynote speaker speech.

Beer and chocolates are the best known products, I found them all over the world.
If you can lay your hand on it try a ‘Duvel’ that’s my favorite beer.

There are things and there are things. If you do your homework you may know as much as I.
And according Agatha, ‘Poirot’ was from Ostend, I am not from there, however......

Viking may man, good to find you here. Don’t ask, but there is more than the naked eye sees

I never been in China, but during may professional life I was working plenty times in Japan and South Korea and once in Taiwan. Assume that the cultural thinking is somewhere different, there may some similarities. Yesterday I bought forward the political angle, some under us do understand this, others ignores this aspect.

Gentlemen, everybody is free in their meanings, but do not underestimate politicks in the game, and telling that the cattle and fish farms are far away from the HU plantation and thus irrelevant is pure speculation.

I am very well aware that some under us have interests in other Chines companies, thy shall agree that the better managers are very careful with their wordings. Just take Mr. Hu, KNDI.In the marge of this, Mr. Hu pretends not to speak English, but has a condo in the US...
It is the oldest trick in this part of the world, using a interpreter gives you twice time to think over your answer.
Solomon is not exception, on top of it he is not Chinese national, thus, he may be extra carefully walking on eggs. Give the man some credit.

And yes Wayne, the government’s sword and memory is larger there than you can image. We are living in a called free world, but remember, big brothers are watching here also.

Happy to see that you are thinking in the same direction.

Viking, I do understand your points, what is more, I agree with it.
This may look very strange to you, but I have tried to think straight forward, thus pointing to the political angle.
Daydreamers may believe that every thing has to be done in the open, but there is more in it.
And of course, the sell off of the dairy business sell off was a smart move, surely if you take in account the scandals in this sector, but.....the question remains, is SIAF fully paid for it???

To be honest, I have some mixed feelings about selling off this plantation. I agree that it may generate funds, needed for other expansions.

On the other hand, SIAF is in the food chain as a producer, and giving the agricultural situation it may be a good idea to expand plantations in other directions. I seems to remember that on a given moment there was talks about a asper. plantation.

Also take in mind that there is also a political issue. Plantations are labor intensive, and less profitable, but regional governments may look in the direction of employment. There is always the question of mutual goodwill. And Solomon is not fool.
Don’t forget, the left hand helps washing the right hand.

We have made from our end a very deep DD. Also there is a lot of information available true different very well known analysts seen on S/A. Granted, believing a single analyst is far from a sure assurance, but going true the write ups you may see that there are so far 5 of them.
Their wording and comments may be different, but on the end of the day, thy are all positive.

A other angle are the shareholders. LPH seems to be in general attractive to Americans, and what most are not aware of, is the large Canadian angle. If we compare SIAF and LPH than we are comparing a banana and a potato, there are some similarities but a lot of differences.
Observation, SIAF is a typically European investment, LPH is appalling to a typically American investment publiek.

Gentlemen, thanks for your kind and the warm welcome.

Let first answer to CSP, no we have never met in person. I was confused in one of you previous remarks, the tune there was very familiar with a contact I have, working in the China sphere. The person in question was surprisingly open and honest after I wrote ‘cut the s..t’.
As for your information, I am European.

Tradefan, I know of your investment in SIAF. Let it be clear that this is my largest investment ever in the China sphere. LPH comes as the second largest. Note : I am long time in it, and yes the intention is to expand the amount of shares a little more. To be noted also, from the 18 allied persons worldwide, there are 15 in LPH, and only 7 in SIAF.

faxedreceipts, thanks for your welcome words. However, I am sometimes a ‘ pain in the a..e.
and are surely not daydreamer.

Mauiguy, viking is as far I know not present here, however, you never know for sure.

Gentlemen, let introduce myself, I am a 67 years old fellow, but has LPH in portfolio since years. I am what is called the frontrunner where it concerns LPH and SIAF.
I am representing, a small loose formation, of purely private non American investors.
Our group is following with outmost attention a couple of China companies between others, and LPH has a high score of 8.4/10 in favor.

CSP, you look very familiar to me, I could be wrong, but have the feeling we were meeting each other.