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jyyoo, what makes you think the loan is still a possibility? could you elaborate a little bit more?
300,000 more shares printed.
33,184,250 shares, more dilution.
Snow: I do not think TRW is very profitable. They waited two years just for a boiler. How much does it cost? a quarter million? they cannot even afford it for two years. every so called plan was based on the loan, which seems to be failing. just my 2 cents
Yesterday.
I asked Tony about what one should expect regarding TRW and AF4.
The following is his reply:
Hi XX,
I do not have exact projections for 2018 since Solomon has been tied up with the loan and is too busy to discuss his goals with me. Solomon sets the agenda. Unless we get funding, I would guess it would be about the same as 2017.
We have not had the ability to run the Megafarm as intended because of the lack of funding to complete the facilities. That is the biggest issue we face now. My team is currently doing some exploratory work with pacific white shrimp (L. vannamei) in saltwater in a few (commercial scale) experimental tanks on the farm. We plan to run both fish and shrimp in building one this coming season. If funding occurs soon, we can step up our activities and construction of buildings and outdoor ponds.
I know many are concerned about the lack of progress. The loan has almost everything to do with it. We need funding to move forward in any significant way.
I hope this helps.
Tony
They always choose to intentinally "leak" information to some shareholders. The trick is to hold some share holders so that they do not sell.
More than a year ago, I wrote to Tony, asking about AF4. He replied, the chinese parterners did not listen to Solomon, they did not want to grow prawns. He even said, one year was wasted because of
that. He also told me the tonnage goal can still be met since Solomon had open pond arrangements. He told me not to tell anyone. The tone was so honest, and I believed what he said and did not sell. . Of course, it was a lie, now, they told us they did not have the boiler. I realized this is the trick from the company. They "leak" to someone intentiinally, the goal is the same.
I mean, Solomon went to Europe and told TS and several others a lot of “good news”. Now, someone from the company told you the loan talk is still on. same practice two yeard ago, some tricks a year ago and same trick now. They are buying time, they do not have any substances.
China is having a two week long holiday, not sure how the PPS would go. The management dares not even to confirm that to the matket. I think the chances of getting the loan is slim.
The PPS went down some 30%, so I am afraid that they need to issue more collateral shares.
What is your assessment now? still hopeful?
Chinese new year is coming, two to three weeks will be idle. Solomon is enjoying the show.
It makes one wonder how Garrett is going to make money in the end.
Trip, in 2016, they paid back more than 10 million us dollars to ECAB.
The truth is Solomon has a contingency exit for his buddies, but not people here.
The 50 million AS needs to be raised again next month.
why is Dan still here? what did he get? must there be something, right?
A lot of Chinese companies have assets, but the assets may not end in investors' hands. esp. peple like us.
there is algorithmic trading as well. what you believed buying may came from it.
There might a few who bought, just hoping for a ten to twenty percent bounce.
If you still ate hopeful, tell me, how did Garrett got 3 million shares last year?
I asked the company, no response whatsoever.
it is not dead? Solomon still wants someone to have a little hope on him so that he could print more shares. I feel sorry for everyone here. waste of money, time, hope and even bashing. This company does not deserve anything, not even bashing.
Last yeat, all the talks about loans, the distribution of TRW shares were just set-ups. They began talking about dividend shares before they even had them, before they registered them. In retrospect, since when they did not allow people to ask questions in cc, they knew their days were numbered. I wonder why Dan is still here?
or he may take the company maliciously. at this point, small retailer investors have not much hope but to savage a few pennies.
You made the right decision selling. Down 15% already.
They will default on the coming loan. back to 40 cents.
Emptyone, still in the scam? Thought you were out.
was that 33,922 after hour trading a T-trade? most liklely, the loan was not approved. not surprise.
I did not see it.
my guess: They were hoping they could get the loan. Apparently, now they knew the loan was dead.
Solomon just bought a new high tech 3d printer, with AI capability.
Could be Emptyone. He said that on this board two weeks ago.
I am in. Thank you for drafting the letter.
The sad part is Solomon always lives in fantansy land regarding SIAF, so do many of us.
He claimed SJAP would be one billion business by 2016. Now it is a zero dollar business.
we should demand them to sell nonaqua assets at whatever price.
TS has the name list of people who sent him emails it might be a good idea if he is willing to do this.
Anyway, count me in.
Guys, admit it, Solomon wont get the loan, and he does not have plan b either. He does not lose anything.
So the reality is Solomon does not have money to pay dividend, nor does he have money to distribute the so called dividend share. He probably does not care about it either.
What I do not get is why Garrett is still here. What about Dan? why here? can Solomon benefit them in any way? It does not seems like that.
It seems that Solomon's negotiation with FD did not go smoothly, what a surprise.
Cannot recall when was the last time Carog posted here, maybe he heard something from people around FD and chose to sell this POS. Believe it or not, this company always has non-insider insiders. The trend of the pps tells what non-insider insiders think about the company.
Who still think loan is coming? They began to talk about loans in June 2016. Fking unreal.
Yeah, I know that. There is no possibility that SIAF will be chosen like the others, that is all I am saying. Solomon needs to deliver. But did he ever truly deliver anything in last decade?
I still remember he said in late 2013 or early 2014 that abattoir would generate $1 billion revenue in the year 2016, now it is a $0 billion business in 2017. Hilarious.
I do not have any clue. I only know that XNET went up some 700% last November, and several other internet companies went up 30 to 40% today, CNIT went up 60% after closing today. It seems someone is playing with these Chinese micro companies.
The sad thing about SIAF is it wot't get a chance like that due to two reasons: first, it is an OTC stock; secondly, it has many institutionally like investors, such as Garrett, FD, and Jordan fund etc, so no hedge fund would choose such a company to play fire.
many chinese microcaps went up in the last few days, but not siaf. CNET wnet up 700% today. several others went up 40% or more
That does not seem to be very probable. The balance of FD's loan is 20+ million. Garrett only gets 320k shares for that? The company really needs to let the market knows what is going on.