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I speculate Garrett got some new info regarding the newly issued shares. He muse also be “mad" so he is justified now to convert all his loan to shares.
Game is probably over for the retailer shareholders, by design or not.
I hope it is Garrett depressing the pps, lol. He might convert for who knows how many million shares. They will raise AS soon.
Jyyoo, he stop posting. That does not mean anything to you? I hope he convert asap.
Then why no cc, why no explanation for the millions and millions of shares? He does not care about SIAF and investors like you.
and the forget of setting a floor price..
And the leak to the so called insiders that the loan will be closed in two months, in 30days.
However, the info from Tony always stating that there is no money for anything.
And the mentioning that $1.3 is the bottom by Dan, all seemed to be designed for a reason.
Do you guys really believe Garrett is willing to do that? If he does that, he becomes one of us. Now, he is well protected by the toxic note.
Solomon will need to raise AS soon, if loan does not go through.
geez,I lost track, how many more shares for today? Solomon prints share every day.
These could have been paid by the newly printed shares. Five million shares in addition to shares issued to ECAB, he may not even issue shares to ECAB yet.
RD, I heard from a pretty reliable source that there is no progress at the Mega Farm due to lack of funding. Are you sure Solomon gave money to TRW for the new construction? It does not seem logical to me.
Jyyoo, you seem to have some insiders info, any comments on the new shares?
I saw that but kind of ignored that part. I felt theses are free shares to ECAB anyway.
Why did SIAF say the shares were issued at $.55 rather than $3 if the shares issued went to ECAB note holders, as you suspected ?
My understanding was that 5,196,333 shares were basically interest, so the mentioning of $3 per share is simply meaningless in the 10k.
RD, why did you think they were settled for $3? There was no reason for ECAB agreeing to that.
RD, you forgot the $17 million loss paid to the co-op farmers.
check what happened to RENN and LKM, you would know what I meant. Both companies strip the money making subsidiaries to larger shareholders, and leave small retail investors subsidiaries that only lose money.
The intention of Solomon is quite clear now, leave the debts to SIAF, dilute the hell out of SIAF, and transfer assets to TRW. Western investors are all screwed. I wonder how Garrett perceives this new( well, may not be new to him) development.
Could it be A-share conversion?
There was a t-trade today and most likely another increase of OS. The dilution goes on and on and on.
the sentences in bold fonts, are they fictitious?
I concur what you said. The ultimate holding company (according to Hyperboy) turns out to be the ultimate scum.
The review of 2016 10k was completed on April 4th. NO AGM yet, not even one single promise was not broken.
Had they told you, how could they sell? wiping out small investors of SIAF and tranafering assets to TRW has been the plan.
I guess you are right. The increase of OS used to be on Thursdays, but not last one. I think Solomon is cayching up.He does not want miss one week issuing.
I think they are issuing shares to make monthly payments. more OS tomorrow.
I want to join the lawsuit as well.
The problem is they will never confirm that. I sent emails to the company, but never got a reply.
Maybe Garrett could force them to reply, but it seems to me that Garrett may not care. After all, his interest does not align with the interests of small shareholders, at least not time wise. Besides, he is well protected by his $4 million toxic loan.
In addition, there is no cc announced. Even if there is a cc, Peter is not going to ask such a question.
It seems that they suggested a one time dividend., not the same as what has been discussed here.
That is really good news. super for longs! lol.
Had he not pulled out $16 million in 2016, the company would not be in such a mess.
what is your interpretation? certainly, the five million shares were issued for free, and the note, no interest was mentioned. if you look at pr, I think they mentioned $3 conversion price. the note amount is paid down by four million dollars already.
My interpretation is the five million shares were issued to ECAB as the interest. the$15 million note can be converted at $3 per share. THe truth is they paid back $4 milliin already, since they need to pay back monthly. So I do not think any conversion would occur in the end.
They did not update the percentage to PF2 either from Q3 to Q4. $11.4 more million.
The equality stake percentage of Trade and seafood center remails to be 31 percent from Q3 to Q4, yet there was $8 million more deposit, what is going on?
volume is high, 257000 already in less than five minutes
They said construction cost for 3rd generation is around RMB 700 per M2. 183 mu is 183 times 666 times 700, which is RMB95 million, which is $14 million revenue for CA.
So you think they started already, that was why the debt from TRW to CA went up to over $90 million?
And this one:
On December 2017, CA also acted as a turnkey contractor to AF3 starting the construction and development of ODRAS (3G) Farm 2 on 186 Mu of land located opposite to AF3’s old open dam farm’s property at Shenwan Town, Zhongshan City, Guangdong Province. ODRAS(3G) farm (2) is expecting to start production operation within April 2018 targeting annual production to exceed 1000 MT (annually yielding 8 MT / Mu) on net-effective grow-out area of 130 Mu.
1000MT, revenue should be around $9-10 million.
They have not started that yet, what they started was MWEF( experimental farm)
see the following:
"CA will only start the construction of the MWP farm only when Tri-way has secured sufficient financing to have it constructed." This is one which they predict to generate $36 million annually. But they do not have money yet to construct yet (it costs $32 million)
Mismatch of the figures in 10K page 21 and 22: 600MT for RMB7.2 millon, yet the projection is 1500 MT for RMB 225 million.
IN 10K: we have the following two:
In Yangjiang, "This farm started operation in Q2 2017 and by the end of Q4 2017, it produced over a 9 month-period a total of 600 MT of small to large sized MWP generating sales revenue of RMB7.2 million (or $1.152 million) representing an average yield of 6 MT / Mu / 9 months / 3 harvests (annually yielding 8 MT / Mu) on 100 Mu of net-effective grow-out areas."
Then it also says:
In AF1, projection: "1500 MT of the MWP / year 1 of operation, generating annual sales revenue of up to RMB225 million (or $36 million). "
Any idea?