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lost 53 cents per share in 2017
given the current market condition, they should have filed without extension if they cared about longs at all.
TS, do you have any idea about the newly issued shares? what are they for?
the balance of the loan is 21 million now, if i remember correctly. so interest is 2.3 million per year, 15+5 million for loan 1,2 and TFA&B, totally 46 million, plus maybe new emergency loan(?) .given the current profitability level, i dont see how they can make that happen in two years.
Garrette bought 180k shares on Dec. 28th, 2017. One would think that he should know the new tax law very well. Maybe there is still some hope.
because of the new tax law?
Regardless, SIAF is making way less money than he had projected. Besides, current debts will drag down this company for years, unless he can get the loan and TRW pays back money to SIAF.
(TRW does not seem to be as nearly sucessfully as said several years ago. )
Otherwise, the company will be in deep shit. Furthermore, what if he dies, who is going to inherite the A share, what kind person he is. The person inherits the a share may decide to go dark.
They own five million to loan one and two, they own ECAB 21 million. they paid loan one and two partially most likely through new emergency loans from Garrette, theyneed to clean the collateral share mess on the TFA&B 15millions, they need to pay five million tax before they can distribute dividend shares.
my bet is they do not have a penny now, not even a penny. they need to issued stocks for everything.
and you are happy buying? how many shares do you own, if you may let us know, so that you can have some credibility.
no way they are able to do that. If I remember correctly, they need to pay 5 million dollar tax before they can distribute the dividend shares. now they are liking crazy printing shares paying bills,. yet you think they have five million for share dividend. How realistic? you are just like zero.
I thonk they said already the some of the shares went to service providers, and some went to debts.
Solomon wont complain, it will save him a bit to feed the fishes.
it is not going to change a thing, everything falls apart for this company.
well, it really does not matter whether the location is fake or not, what matters is the money. Solomon promised fake money, fake dividend shares, he was rewarded with real money. Just as simple as that.
no, 1,200,000 shares more.
If I remember correctly, for the last two Thursdays in March, OS increased. IMO, we will see OS increase tomorrow. It seems Solomon is paying someone every week.
the loan is no where, the eps has declined for years, and a ceo who could print five million shares per quarter, and who does not even bother to tell you whom the shares went to. solomon has trouble paying back a small loan, let alone gettting a big loan. you do not need a short. solomon is doing the entire job.
look for increase of OS tomorrow and next week.
Jyyoo, they printed another five permanent million shares afterwards. The problem is they never have much cash in their account. so stopping top up shares may not mean much.
another round of dumping, nothing new here. the eps for q4 must be ugly.
Could you guys please tell us what had happened for that company?
They simply shifted printing the shares to the service providers and new loans. That is why I do not think they are making money, that is a more serious problem in the longer run.
what about 2 more million shares issued after FEB? Any idea? The only thing he is good at is to print shares, as always.
you are right, so it seems that it is likely that we could get those shares back as well.
damn, who has been selling? they could move the shares from their left pocket to their right pocket to take down the pps.
RD, I remembered that you said collateral shares to TFA&B would be returned, given today's info, more than five million shares were for TFA&B, what is your assessment now? If they did not sell, who sold all the way along?
you forgot the top up shares 5,501,047.
dollare amount $4,694,829,shares for the loan and TFA& B is 8,375,047. average price is $.56
The company always creats more confusions and speculations whenever they pr anything. the shares went to Solomon, Garrette and FD, I think.
27,811,573 to 33,184250, where did these five more million shares go?
I think he bought at $7, and he is one of Hyperboy's coworkers.
If collateral shares are not reyurned and they wont be returned, then Fredley will sue SIAF, it seems that was what he was planing. That does not look good either.
What happened to Loan one, did Solomon print enough shares to cover his ass? If he had paid back using cash, why did he not tell the market? Either he did not pay back by cash, or he knew he could not get shares back.
That was said in one of the articles by their Chinese academic advisor Ye Wei.
I posted the email a few days ago.
Solomon has been pressed for more than a year for the collateral share issue, no answer was ever given. In hindsight, his change of payment plan indicated his knowing of the situation very well.
According to Tony's email to me, there was no progress in AF4 at all. According to one of the article about YiLI, its academic advisor Ye Wei said that the density problem of the prawns cannot be solved, that was why they tried finfish, but they never updated the investors about that. All we saw was differenr bushit fantansized projections, 300,000 tons, 200,000 tons, 130,000 tons.None of these will be acheived, not under Solomon.
then if its legitimate business, buy out. sounds like a plan. ordinary joe are fked
maybe Solomon was right, someone has been shorting all these years.
links?
someone placed a big bid, interesting.
Solmon bragged about making money even under difficult conditions two quarters ago, this time, he wont be able to say that, only more bs.
Under the deal with ECAB, Solomon is not allowed to do that. well, what the hell is going on, who cares.