Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well, it’s not going to be a lot of shares left in TRW / SIAF share soon. They have really diluted the crap of this company and the same goes for our equity in TRW. If it’s not a scam then Solomon must be the biggest idiot on this planet.
And they must raise the A/S now before the TRW dividend, since ECAB will get 5,2 million shares before the dividend. And it will take a few weeks to get that part effective.
It’s going to be interesting to see if they’re able to sell the last 1,2M shares / batch without pushing the share price lower.
In a way I’m hoping that it’s ECAB who’s drying them out with the monthly payments. And not just a way to take on more debt for Solomon’s salary and new buildings.
There’s a lot of needs right now and I wouldn’t like to see neither of the dividends get delayed.
Really? With 44,4m outstanding, they’re issuing like 500k a week.. And ECAB 5,2M shares should be getting their shares before the TRW dividend, and if they’re trying to take on more debt they will probably have to raise again?
Another A/S raise should happen within a week.. And it may delay the announcement of the record date?
We all know that a few weeks are usually at least a month or two according to Solomon, I’m not too happy about how he uses this carrot, going on a selling spree like this.
It’s going to be tougher to raise future dividends when he’s diluting 50% of the company like this on these levels. It feels to me like he’s throwing every long term shareholder under the bus.
No need to thank him with a SP that’s down over 90%, it’s actually their job to create shareholder value. And with a salary of $400k a year you should expect a lot from a company that’s worth $12M.
https://invst.ly/8fj7m
I personally think it's hilarious that some people don't believe in TA when it hit the same line 10 times over. I guess we can call it a coincidence. And for those who have been looking at the chart instead of just the fundamentals have big gains in this stock instead of big losses.
Btw, it's in the same downtrend channel as long as the stock doesn't break up over $1.2. MA 100 is only a good indicator of a bounce since the stock has been beaten down like 16 times from there...
Hehe Yeah I guess now would probably be a good time to issue shares for that too. Hopefully not though.
I’m ready to fill up on otc again. We’ll see how low it will go, seems like we have a lot of buyers, mostly on Merkur but at least we have a good market maker that equals it out.
Seems like most of the buyers at merkur is clueless.. take up the price 10% when siaf just announced 650k new shares isn’t the smartest way to go. At least Solomon provide us with some volume in the stock.
Yes, I really hope they're done with issuing shares now. (said that for the last 30 million shares though) Otherwise, this stock will be dead even if we'll get the TRW dividend.
I thought Solomon said he only needed $5M extra for this year in the CC for Q1? Where are we now?
Almost 43 million shares outstanding, close to hitting the ceiling. Do you think we'll see a raise soon?
This doesn't look like ordinary dilution/dumping to me. Looks to me like we have a larger seller. I hope it's not the same guy who bought a lot of shares lately.
Sounds like the whole last year when you've been talking about the loan.
We won't go up to 1 dollar if they keep dumping shares like this. They will destroy the trigger within a week or two, just like they did with the Megafarm announcement.
Seems like it doesn't help much since they got a billion shares to sell... They better get rid of the selling before they announce that record date!
Yes, but still. If you know you would dump shares below 27 cents why not sell when merkur is ready to help? It was more than 100k shares on the bid side down to 2.30 which is about 27 cents. And more bids would probably have come in at that level. Instead, we might start the day tomorrow at Merkur on 2.20 and with fewer bids.
I feel pretty certain that they will dump more shares today, how about you?
I wonder why they almost never push the share price down during Merkur trading hours, I mean, they would probably get to sell 100k more shares if they did, at least today. It's stupid if all they wanted was to sell shares.
You can still pull it off with otcmarkets lvl 1.12..
Yeah, I was almost certain that they would have issued more shares last Friday so that we would have seen it today in a filing, but the filing might be 2 days behind this time instead of 1 day behind.
IDK, I got the feeling of that they will have another 500k shares or so to sell not 50k. 4 MM:s and they were showing some of the shares on the ask a few times. They usually don't do that more than the OTCX MM with their 25k. And no one was there to cover, just retail.
And it seems like they're still dumping shares on merkur.
What’s your take on the current selling activity before the weekend? Did it look like ordinary dumping to you? I’m not too sure this time, it might be a larger seller.
I’m almost worried they’ll going to push it down below 25 cents this time.
They had a sh*tload of shares, more than the last 350k that was issued.
Yes, you do need to have your TRW shares in an ordinary aktie & fondkonto and will get taxed on the gains, but you will have 1,5 trading hours from 8:30-10.00 to call your Swedish broker.
I don't think that will be our biggest challenge:p
Bet we will see another 350k issued on Monday..
New batch of shares on Monday? They've brought it down on Merkur to 29 cents now.
Yeah I just understood that they've only been issuing 72,450 shares for employees and directors.
Oki, we haven't seen a filing for this yet right?
Non - cash transactions
Common stock issued for services and employee compensation $ 6,999,067 $ 403,650
F30-
Shares issued for employee compensation and overseas professional and bond interest 1,138,689
Yeah maybe, but we don't have a lot of buyers who are willing to push the share price any higher at the moment, and quite a lot of sellers around 34 cents on both Merkur and OTC. Could, of course, be because of Mr. Savage...
He really f*cked up with everything and continues over and over again. We'll see if he manages to get any cash over for the loans, dividends etc or if he continue on his path.
If you're right about him selling shares for picking up new loans at the same rate, well then he's a re-turd.
Not within the next couple of days. Let's see if they issue more shares after this batch is done. Should be about 230k left IMO.
CDEL and Nite on the ask, they might start dumping again.
It's not that bad, they have scheduled an annual meeting and now they're saying they will give us more information within a couple of weeks. The dumping is less now and we could get some nice information at the CC.
End of dumping - at the CC
2 weeks after - Record date
Annual meeting, we will probably get good information, otherwise, they wouldn't have it.
Cash Dividend after the first batch of TRW shares.
I think it looks promising, it's not all about the numbers right now since we're trading at 30 cents.
It’s a lot of different independent loans (contractors etc.) with a couple of years timeframe, so I doubt they need to pay all of it right now. They had the numbers in the last Q report as well.
Okay volume today with a positive SP day.
They will give us some numbers today and the report will probably be out on Friday per usual
haha, they have actually "only" issued 350k shares for the past 20 days. Seems like it is slowing down a bit since they've been issuing about 2 Million shares a month since March.
https://invst.ly/89x-i
Higher bottoms for the past 84 days, even though we have seen our worst time with all the dumping that's been going on.
It has been down about 40-60% for every 100 days in the past since the top. I expect the Q2 report/CC will give us some happiness for once.
Big gap between buyers and sellers, and no volume. It doesn’t mean a thing.
I don’t think they will take it below 25 cents again, but we’ll see
Just below 26 cents.
Back to holding a 75% position again thanks to otc yesterday and Merkur today.