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I (and other investors) have been terribly victimized by this company and are stuck holding the bag (not even of thin air, but a vacuum). The Company CEO wrote that he's 'aligned' with shareholders... really how can this be when there's been absolutely no news and he's totally responsible for this incredibly long time of taking my money away from me, and this has put a serious hurt me.
Does anyone here know anything new re. to the company, and WHEN we'll have liquidity ?
"Price/Cash higher the ratio the Better"...think you meant it the other way?
"we asked them".... really? "we" is who? and who exactly did "we asked"??? If you can provide this info. and it can be validated, then I will totally believe you. Up until then it's all just your word (in which you always claim the company is a total fraud) which could possibly total BS. So here's your chance to prove yourself.
Dutch, Where is it that you're buying those PUTS???? OTC has no puts listed for SIAF when I last checked. I wouldn't mind taking a PUT pos. as a hard backstop if it were available.
Dutch,
Seems your demeanor has drastically changed once again. So for the record are you still holding the shares you last claimed, reduced, added, or are you all said and done out of SIAF by now?
yes, after the effective date it should signal all clear and the price should increase. Truthfully, I have share losses from a couple years ago in this issue and they are substantial, so hopefully this management will do a better job for all involved here. If you use the old prices and the 1/8 share equity gets here, that's $2 when all the bad was going on... I was in this at $17 share... nothing good, big growing debt, mounting issues. They relieved $800 million and although there's still great pressure to produce obviously they have a much better perspective and a stronger hand on the controls, I truly believe this time they can get this rolling in the right direction and operating positively once out the gate.
These shares are very undervalued here... once this company emerges from the prepackage with a clearer picture, much lower debt, and some time to get itself up and profitable again... today's measly $0.81 will launch to $1.50 to $2.00 almost instantly. And from there it could well reach $5.00-$10.00, or even more within a few years. Now that's 6X to 12x it's current level... IMHO that's not too bad. The downside 0 is always possible, but that is a one vs. six to twelve times ratio to it's upside... plus who knows what, and we have those warrants. So I ask myself today is this $0.80 risk premium worth taking with this Management? I think so, therefore count me in for $5K, If this goes well I will make back my older losses in WAC along with a handsome profit. so if you have or are deciding on a position let me know your thoughts and your position. -GLTA
Buy-Out of the Whole Megillah, The Whole Enchilada... All the Mega Farms... Every tank, ounce, pellet...So, nobody has spoken of any potential bidder... With something so advanced and profitable, Why wouldn't another company make a serious bid? Hey, all it takes is to convince Solly and it's practically a done deal... Just noticed that AquaBounty Technologies, Inc. (NASD:AQB) just raised secondary funding at $3.25/share... so maybe they could buyout Sino-Agro Food, Inc. for say $3.50/share. They just did that secondary last week, so why not do a Thirdary next week, LOL... Ok, so they send ova some Reps to our China Ops to evaluate the advanced Facilities Solly holds so dear... While there they could Check out our Books... LOL, no really Dan should really be there in person and show something... no, not his Schmekel, LOL.... they must have books, or maybe sets of books, or a freakin library on both Fish Growing & Accounting.... ok, lets not mix the fish stories with the accounts of fish... they must have something, really, please, fingers crossed in a double helix.... Heck, I've been freakin in this thingamajig for such a looooong time, at such a laaaarge loss.... Solly do anything whatsoever to get me(us) back to even $4.00... Heck by the look of things today (from the horrid performance going back years) I'd be quite happy with that.
Would have to be unless P&D specialist, had inside info., or family member. Otherwise it's an odds out crap shoot. If you get lucky, good for u... problem is too many innocents get destroyed. So are u hoping to get lucky, or u breaking the law? Don't answer, it's rhetorical.
Who in their right mind would buy and hold when CEO and his Family Control Everything including Billions & Billions of Shares????
very interesting... 4.82 oz./day per person, WOW.
To go with that deal they proposed just wasn't right, and they knew it... the other option was this one which is still isn't right. They needed to buy back our shares. They are in business and they should be required to accept our shares as a rightful owners in that business. I just do not understand how they can get away with such thievery? I now do firmly believe in going outside the boundaries of the law which seem to protect the guilty... an eye for the eye is a start. Yes it's will be ugly but someone has got do it and hopefully it will send a message to these scumbags who are thinking of pulling such gimmicks to think again. While many in this world are thriving today with huge windfalls making mint in business and stock markets, governments, etc. There are still those of us who are not in that position and are being taken advantage of. I am of the mindset that somebody must strike back with a great vengeance against these Scumbags. I wouldn't mind being one of them if I were young enough to fight such battles, I might even enjoy knocking the shit out of them through any means possible... including silent selective hits. These scammer scum are pure evil and the gas chamber, the worst forms of tortures imaginable, and beheading would be for those who refuse to make amends... and they'll probably also end up eternal hell where they will fit in perfectly.
Much of what you said makes sense with the big exception of when one is losing so much money and they have other issues and may not be able to hold in there long enough for this to play out accordingly. Such share price destruction is both shocking and damaging to both the chart and psyche. I haven't much money and I am running into trouble. This loss has hurt me a lot and all I own is 3000 shares. I'm down about 70%.... ouch.
So they've vanished and so did those many $100's of millions (USD) of Ancient Ceramics. Instead of investing the said Cash into the business they make a said investment in this BS. What a joke... Never was there cash and just amazing how they seemed to be able to lie and steal it all, and nothing happened to them...they've gotten away with it all Scot-Free. Although without an ethical and moral compass, these criminals prove once again that CRIME DOES Obviously PAY Quite Well. Authorities (in the United States) who permitted this to happen and not act upon such crimes are at fault. But since they do not give a flying hoot, nothing ever happened. Truth be said, after this 'morally and ethically compromised life' on this earth A Severe and Unending Punishment will be cast upon these very Criminals for their crimes. The SEC along with all promoters, pumpers, and securities firms, etc. that partook and permitted this atrocity to trade in the first place are all at fault. Sad, so Sad, those rare valuable Ceramics were never purchased and the made up (or unlikely real) cash was stolen. Wouldn't it be just amazing if the company reemerged and showed that the Ceramics were actually being held by a 3rd party intermediary and were actually real and that valuable? ... Well one can only dream.
Those POS rarely, if ever lose, they've already booked the majority of their profits and now playing for crumbs... and if SIAF were to go dark, be revoked, or go under, they'd win again by default.
For the new year they should mutilate these sub-human POS MF'ers, kill them along with some of their duly deserving criminal family... they are some of the lowest MF'ers on this earth... They Robbed Just about Everyone.
RD, thanks for your opinion, I appreciate it. I will be holding on, maybe even avg. down a bit. Once again, Thanks for everything you do and Happy New Years!
Dutch, you said you picked up some shares a couple days ago, but yesterday as shares broke under $1 you said you noticed the selling and went back to sleep. Since you're the MB's most prolific and possibly our most knowledgeable poster, what is it you're planning on doing? Has anything materially changed from your standpoint, or is the long drawn selling manipulation finally going to reverse it's course in the coming days? With such delays, disappointments, and never ending bashing going on here, it's really hard to decipher what is true. Either this is a grand planned scheme to screw investors by the management, or maybe it's they're ineptness, mismanagement, and maybe even negligence? Or is this sabotage with huge dilution and ultimately destroying us outside investors making our shares virtually worthless? It's becoming more and more apparent as the slaughter-fest has continued unabated. So IYHO what should a little guy do under such circumstances... a) step aside by reducing or selling out, b) Hold on for dear life (HODL), or c) carefully average down (and if so, what before some breaking news...ie. the loan going thru, or another delay or disspointment, will be a telltale buy now signal?
Sounds feasible.... However let's now look for the reversal of fortune. Presume those promises made by the company come to some fruition whether in part, or full, within a reasonable time-frame, lets say six months...then that rush to test something of a discounted present net worth of the company should be epic.
I agree, it's really shaping up into some debacle. How sad and terrible it is for those who bought early, held on and those who have been averaging down... for me it's been terrible and I only have 2000 shares remaining.
Hey, it's real easy to make something much worse or greater than it is when you really do not know the real or whole truth... If the powers that be wants this to be real, then those powers will make it happen. One doesn't really know until this scenario plays itself out. Hopefully we'll get a much better read on this in the coming days/weeks. Many people here can't stand to wait much longer so it seems from reading these posts on this message board. Several have thrown in the towel after waiting such a long time... IMHO it's just a little too early as it still maybe a extraordinarily positive outcome for those who can hang in there a bit longer.
I would normally agree... fortunately the word you use is 'think', not know. I 'think' this is a huge manipulation, but the legitimacy maybe intact. If so this maybe a great opportunity. We will see, hopefully sooner than later. .. don't know how much more of this my stomach can take.
Are you still in the shares, or did you sell all?
Not good for me, as I have 2000 shares, at a huge loss. Hope that Solomon does something positive for the stock... I'm getting depressed.
I have heard people met him. I agree it's harder to lie into someones face, than on writing or a pre-rehearsed recording. I have no idea of these pumpers. However, it's sure interesting RD Real Dutch has not posted at all during this days destruction, wonder why?
If it's not a scam wouldn't they be buying everything put out there at these prices $0.85/$0.90, or are they waiting for it to go to next to nothing, or are they betting on it being nothing?
this could go all the way down to $0.25 today, oh my what a disaster to everyone holding this nightmare.
Why doesn't someone just go over there to China and straighten this entire situation out? Or iss there massive collusion and/or other under-the-table shennanigans going on? Or is this just a giant one man scam? F*#k, I'm down 75%, I'd sure like to know what the heck is going on to decimate the stock of this company?
I believe that they did such things. I myself have suffered similarly in several incl. LGF, XING, QXM, SIHI, TBET, ZSTN, DYNP, CKGT, LAS, among others... ALL MASSIVE FRAUDS.
SIAF is no $0.895 -$0.155 (-14.76%) on 293,044 shares with one hour and 44 minutes to go in the day.
Very Disappointing, Very Sickening.
Hey buddy, I still have 2k left. You think it's a scam and I should sell to salvage the $2K against losses of double that magnitude?
Zero,
Since you seem to believe you know exactly what they've (Solomon & Co.) done, and are up to inside this company... just how BIG is your short position?
You're Way Wrong. I just read the filing and is said 13 + Million Shares were issued for Conversion of $10 Million USD$ Debt.
This whole thing's just insane.... huge volume and rapidly declining price. Yet pending good news on the basis of prior statements/inferences, but such huge volume for this stock. I'm not accusing anyone, but something here stinks. Want to buy to average down some of my losses, yet getting a scared out once again. So what will become of this, only time shall tell.
CANT has 30,000 still sitting on top at $1.10 @ the Ask. Both NITE and CSTI each have over 5,000 @ $1.15 & !.25 respectively. The Volume is massive at 219,000 with about an hour to go. Something looks so wrong here, it's beginning to smell, it's making me sick. Who's going to save me... I'm being drowned in a bucket of rotting fish guts.... HELP!!!!!!
Solomon writes quite well as his last letter once again proved. However if he really, truly cared about shareholders getting demolished, he would've stepped in by now to stop such carnage. Is he really going to drain the pond of us suffering shareholders, just like a dis-guarded school of contaminated fish?
It sure a heck matters if they remain listed. Where would investors find liquidity and price discovery in the United States. If either one are missing it is a zero. They could delist from Merkur too, right? This management/crooks, and the government itself find a way to easily steal everything from shareholders. This would truly be horrible. I sure hope they do not delist, go dark, or completely disappear like so many crooked ones before have done... at least not before we can extract our investment which is so deep underwater there's barely lite and oxygen left.... HELP!!!!!
All the hearsay 'n guess-work is getting a bit much to digest. The underlying runaway bacteria in the room has caused indigestion and halitosis, all of which can be traced to and from Mega-Farm to Message-Board. So Screw all these little details, the species, the MT's derived, and the prices. He said, she said... I'll be long gone by the time this plays itself out. Heck in 5 years I'll be a stinkin old fish myself. So please don't feed me any more poop. Until proven otherwise this whole thing stinks like a tank of rotting fish. WTF is Solomon & Co. doing right?
That's a nice response. Thanks, I appreciate your frankness. All the investing 'outsiders' can do is either buy more, hold on or sell. I have significant losses if I sell so like most will hold on. I would like to add some but honestly a bit afraid. So much good, or bad can happen. It seems odds are about 60/40 in favor of... but my past experiences with Chinese companies gives me great pause before I think of averaging down. Are you at a max position/ when did you last add or sell? current cost basis?
Good thing looks alone don't make money (unless of course you're a model). However I am well invested here with several thousand shares (all at a significantly higher price), I'll maybe average down some if I can get enough to make it worthwhile). Looking forward to our company's future successes ;)
thank u for the info. I just took a brief look and spotted this there...
"Chinese shrimp company Zhanjiang Guolian Aquatic Products is building one of China's first shrimp farms using recirculated aquaculture systems (RAS). Undercurrent News visited the $76 million, 35-acre farm in Zhanjiang on Sept. 15, when the farm was about a third complete."
This facility looks far and away better than Sino Agro Food. If you haven't go take a look. Just on the surface I would take this bet over ours on the looks alone.