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We must stop dreaming... that is a one in a million story. Might as well play the lottery.
We need financing, a big loan. The only thing that will save us
Yes, but we dont have it and we wont have it for quite sometime. That is reality. We must stop dreaming.
The value of trw is locked for several years. It will be sitting in my account untradeable and worth 0 until listed in maybe 3-5 years. Im not excited by it.
A hong kong listing may be problematic for european and us shareholders. How easy/hard will it be for us to trade it once listed? To list in hong kong with a european/us shareholder base is madness to me. We really need a dual listing.
If triway delivers we can list anywhere and get a good valuation.
What does it matter? It takes a couple of years evidently to list in hong kong. Solomon will surely run the show a couple of more years. He might still be in control in 5 years, we dont know.
Its the story of siaf/solomon. He breaks his promises more often than he delivers on them. The market doesnt trust siaf/solomon thats why we are trading at a huge discount and not a huge premium like tesla or netflix.
we have lost 90% in a very short time. We need something substantial to recover. We need financing really bad
1usd in a month would be great, but highly highly unlikey. I think 0.25-0.35 is more realistic.
Probably a wise descision. I dont see any big long term upwards moves for siaf as long as they dont have financing in place.
Yippie, maybe we will get some unlisted trw shares soon. And if we are lucky trw will be listed in 2 years, but the pace at which solomon is working 5 years is more likely.
No stock is a low risk investment, not netflix nor apple.
Siaf is a very very high risk investment. Poor management, lacks funding etc etc etc etc and is down 90% in a very short time
Well my mistake then, i only read the post i replied to.
He would profit a lot more by getting the share price to a decent level. Taking a 50% profit from a company lacking cash is not helping.
Isnt it better to issue new share to garrett to settle the previously toxic note instead of issuing millions of shares and dumping it on the market to be able to repay the note?
And what happened to the mega loan, the most important driver is financing.
I would be happy to sue the bod
The killers have been lack of funding and dilution not delayed trw dividend and colletaral shares imo.
To be honest, i dont think solomon knows what he will be doing a couple of months from now. He keeps changing his plans all the time, he must have adhd or something similar.
That is another thing, the board only gives a recommendation.
No anyone can make a buyout offer without the boards approval.
Of course, no one had any reason not to approve the first shareholder friendly action in years
No he needs a majority of the shareholders to accept the buyout offer :)
Well nothing happens without solomons approval and everything that solomon controls and wants done, is done. A dictator.
Yes that is how it works, but since solomon holds the a-shares he can choose the board on his own. But he only has 1 vote on the board. But he is also the ceo so in practice he is a dictator.
I dont care about the x-dates for know, for me financing is the big issue and that is why we are trading at 0.25.
Im not interested at the moment to hold unlisted triway shares without financing in place.
Success for siaf and trw depends on financing not x-dates in my opinion.
I could easily add another 30-40k shares at these levels, but i dont trust management and their ability to get us out of this mess. We need a 400% gain just to reach 1usd, unbelievable
The plan depends on siaf getting the megaloan. If we dont get it, the plan is dilution.
Yes, the plan is obviously more dilution.
I think siaf has taken its toll on nisse. A lot of jf-members angry as hell on him because of how things turned out.
I think is influence over solomon is very limited
That has nothing to do with solomon giving a dividend.
100% they will have the money for it, just issue a few more shares. Nisse has always been pro dividend as i understand it. Why would he say no?
My impression is that nisse isnt involved that much anymore.
Impossible to reach 1usd with the ongoing dilution, even 50c seems like a distan dream.
You will surely be disappointed. If we are lucky we will get the cash dividend.
Garrett cant sell at these levels, then he wont get anthing for his shares.
Im just tired of the constant wait.
If we knew what the plan was and that it was doable and that we could trust solomon to follow through and dumping was over, a lot of us would be buying at these levels. That itself would push the share price alot higher.
Its only words and no action. Doesnt mean anything. They always have a plan, but they keep changing it.
Garrett knows the rest of us are kept in the dark as to what is happening and with a 90% loss. Not a fun situation to be in.
If garrett cares about us at all he should demand that the company is more transparent.
Yes, what is the plan?!
Too bad its not a fraud then, we would trade higher. Trading at these levels with no info from the company or garrett is extremely frustrating.
Im not a trader so if we are at 0.25 or 0.4 makes no difference to me. When/if we reach 1usd, it would give me some hope again.
They will never give us the full truth, im not so sure solomon even knows how much cash they need. And why would he need to when he can just print more shares
I have come to terms with the share price and i dont see us going above 1 usd for a long time, if ever.
Siaf is clearly having a serious cash problem since solomon is still dumping shares just to get a few 100k every other week. We most likely wont get the mega loan and garrett is not getting anywhere.
A dividend didnt help, not convinced that the trw dividend will do much either.
Things are not looking good.
Dan is pretty well of from what i heard. Makes u wonder why he doesnt average down if he believes in the company....
Its not traders or hedge funds who are receiving the shares from solomon. Should be suppliers and others. They probably need the cash.
No one or nothing can force solomon into doing something that he doesnt want to. Its pretty obvious. Garrett wont change that. Horrible situation we are in.
Wow even handla is running out of patience.
I wonder when garrett makes any progress. Seems like siaf is working at 1/100 of the speed as the rest of china.
I wonder how long the talks between garrett and solomon will take before we see any action?!?