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nope, the sellers aka dumpers decides the price in this stock, as they've been for the past 10 years
10 times as many shares are bid for than there are sellers for.
Yeah, there are no buyers on Merkur I guess. Some at 2NOK.
Very understandable.
Siaf is down 10% on Oslo today
Sell and move on. You clearly doesn’t believe in the company so why do you have this turd in your portfolio? Sounds lunatic to me.
You can always make money elsewhere, right?
The buyer never left. Someone is using Solomons stupidity to make money while he’s robbing the long term guys.
looks like we could get a 400k volume today as well.
Not really, it has always closed every gap before. At least it looks way better now with the dividend.
As long as that ma100 isn’t broken and that we know that the dumping is in the past everything is possible. I hope the buyer didn’t get enough.
I guess we all suspected the gap to be filled..
I hope everything works out well for you. I don't think the answer is to stop writing here tho.
The problem is that we have a lot more shares o/s and in the float now vs the last time the stock went up to 17 bucks. Our old 10 bucks may be 3-5 bucks now, it will take time to get “rid” off these last 10 million shares in long term hands.
They will have to show growth and show how they can create shareholder value over many years now until we will ever see those 10 bucks again.
Dividends is the best way to go, we’re getting almost 30% annually now, if they’re able to raise that dividend every two years from now on with a 100% increase without getting financing problems every year we should see institutions throwing themselves over siaf again, but it will for sure take some time.
Good cash-flow will generate large loans in the future, we’ll see, things could happen faster than you think but I’m a bit hesitant about that with this management... They have plenty to prove.
Hopefully, we can see 5 cents every quarter for 2020. As for now, I like the progress, and the stock is dirt cheap.
I'm pretty confident that they will have to pay out the TRW dividend ASAP so I would be surprised if they're not giving us an update/date for this in the Q2 report.
Not that much further now until it should go up. I'm still curious about who's buying all these shares. And why haven't we seen an ownership filing? I guess the ownership filing itself could make the stock break up through that downtrend resistance.
it's interesting why they choose to dump 100k in the last seconds of the day. It's almost like they want it lower.
I look at closes not intraday
In order to make a higher high on the next leg up we will have to break $.44 cents.
The trend is your friend, but I agree. We should be close to something to happen, like the end of dilution, loan or some deal.
Yes that's huge when it tries to stabilize at a bit above 30 cents smile
Yeah, we will never know for how long time this will continue. I am buying before the Q2 report tho, but it is a long time left until then.
I wasn't surprised about the volume at the end of the day...
I agree, no question about it IMO. We have zero volume without these guys dumping shares.
And its all of the famous ones that we have seen in the past.
Let's see if they're dumping more at the end of the day, if that happens we will probably see another raise tomorrow.
https://invst.ly/7wkyu
I guess they had to set a price and they now have a shortage on the debt since it’s been trading below 55 cents, so they might had to settle to sell more shares in order to give them all the money back? So if we’re lucky this might just be the last shares to get to the correct dollar amount to pay back.
I would be very surprised if the buyer didn’t know how many shares that’s hitting the market, he’s still buying a lot of shares. We have hardly been able to move below 34,5cents for the last 45 days even though we had 3-4 million shares sold at the market.
I just want to see the issuing stop soon. Nothing will happen until it does and I would rather make money elsewhere without taking a risk if the buyer runs out of money to supporting this black hole.
Garrett do you happen to know who the buyer is? No ownership filings yet so it should be you or ECAB who’s been buying otherwise a larger group of different entities.
Tony has posted something.
http://www.sinoagrofood.com/science/research/new_l-vannamei-research-af4.html
Yes, it’s for sure someone that knows the company very well.
It’s somewhat weird why we haven’t seen a ownership filing yet. He must have bought 3 million shares by now.
My holdings are down to 60k shares again, they better not raise O/S tomorrow.
Didn’t they raise with almost 2 million shares in the end just before the volume dropped? I guess this could be the leftovers. At least we have this buyer, otherwise we would be trading at 20cent by now.
That's what I was remembering too.
When we do, we will probably leave this downtrend for good.
Do you think we will get any updates during this month or do we have to wait until August Q2?
I get it, I just think Solomon is a difficult person to be working with. And as you're saying I think we need a CFO on site. I think Dan is great for the most part, but I think some of these guys have a lot of other things that are going on in their life as well.
I agree, as soon as we're getting some momentum up there will be changes around here. People will chase the price instead of people trying to buy at the bottoms.
Btw, I've been trying to buy some as soon as it's been trading below 34 cents. 90k shares now.
I wouldn't be surprised if he's been the buyer from this 55cents batch, otherwise, we should probably have seen a filing by now.
down to 330 again
I still think its way too expensive, however I think the production will go up, but there's a lot of bottlenecks to manage. We could see 425 or 280 in the next coming two weeks.
Hold your horses.
Covered, it looks damn strong.
https://invst.ly/7vcoy