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There has been blood on the streets for years
The issue with that saying is that there shouldn't be a good reason for the blood, just that the company (or better; the sector) has fallen out of favour. With SIAF this is not the case - it is mismanagement all the way, and there is no real signs that the mismanagement will stop. Quite the opposite; Solomon will actively issue a cash dividend policy to manipulate the fall in PPS while he is diluting, and then cancel (or postpone) the dividend once he is done diluting. Expect a lot more blood...
Unless you disregard the collateral shares, then he does need to increase the AS for his compensation shares and similar.
With terms of increasing AS to dilute for cash-purposes? You never know with this idiot, but he will get far less money from dilution now than what he could have gotten if they hadn't cancelled the dividend...
Either the market had already priced-in that the dividends would be cancelled, or the MMs are unaware of the news.
Does Solomon realize how lucky he is that his shareholders (and former shareholders) have strong moral? It should be rather easy to gather cash to hire a hit-man (targeting not him, but his daughter - i.e were it hurts). The fact that noone has done so, shows just how strong moral is in the (western) world.
And how is Solomon going to get his hands on all the money that SIAF has to pay in the next months? He for sure has made financing from dilution impossible now!
If the moron had given, and held, the cash dividend policy 1.5 years ago we would both be trading higher now, we would have suffered from LESS dilution, and he would have had a nice pile of cash to take care of the various loans...
As a bonus Solomon now faces both lawsuits and delisting - great work.
Does not intend, but in retrospect they will probably just say that the statement was made prematurely and that they hit some more unforeseen obstacles late December 2018...
Have these idiots even considered that they might be thrown out of Merkur now?
And how does a payment in January 2019 and December 2019 fit into the cash-dividend policy, which is semi-annual?
I hope the deal they have to the professional services are fixed in number of shares and not in USD and then converted into shares...
That wasn't the question, was it You stated that you didn't think a 5 cents dividend for the next 11 months wouldn't change much. SIAF hasn't talked about 5 cents for 11 months, that's all you...
If you want to speculate whether they will pay the dividends in their cash dividend policy that's a different topic - no need to spread misinformation, there's plenty of that going around already
Regarding your new topic (i.e whether I believe they will pay the cash dividend this Q) then I'm not confident that the payment date will be this year, but I don't think that matters too much - we do however need the ex date this year, or at least the announcement of it.
lol No, it was a rethorical question for people who might not have noticed
I don't care too much whether it is PAID this year or not (although we can't afford any broken promise, not even part of a promise broken), but we do need the ex date to be announced soon.
Someone seems to believe that the announcement is coming soon (100k shares on the bid yesterday that got filled, and then another 100k shares on the bid today)
And doesn't reflect where he lost most of his money either...
I guess the mood on this board will change a lot during the next three weeks - although I don't know if it will become better or worse
Indeed. I was considering mailing Peter and ask whether SIAF is trying to hide it from Oslo Børs and get another fine, or if they have informed Oslo Børs, but he isn't going to answer anyways so why bother. If it isn't official in Oslo Børs tomorrow, then my guess is that they are deliberately stalling it till after the "CC" on Friday.
Biogas is an interesting field, but SIAF should stay away from ANYTHING until Solomon has gotten control over the financial issues.
As soon as that happens, go ahead with a small biogas-project like this one, but not before.
This shows how deep the credibility issue is. If it had been any other company then people would have agreed with Mera, but since it is Solomon even many (most?) longs have serious doubts whether there will be a cash dividend announcement this year.
Are you taking notes Solomon&Peter? If you want to destroy the last piece of faith from the longest longs, then you have the chance now
If (...) there is no money, then Solomon likely knew that there would be no money when they declared the cash dividend policy. If (...) so, then SIAF should be kicked out of Merkur.
hmm I'm not sure about all the details on Merkur, but I'm not convinced that Oslo Børs will let SIAF be listed there if they don't deliver on the cash dividend - if it is cancelled that is. It will seem so be a very obvious attempt to manipulate the PPS, so Solomon would have to have a REALLY good reason if they will allow SIAF to continue to be listed
Yes, they took it back, but that's my point; we had a PR on Merkur that ex date for the TRW-distribution was passed, and then they took it back, and now they're diluting again? I'm not sure Oslo Børs will think that's a good idea...
I get your point, but why should the market reward Solomon with that PPS when he has proven himself unable to create value for shareholders?
Hence, until he has proven that he can and will create value for shareholders, I think a reasonable/fair PPS is only based on the yield and his ability (or lack thereof) to pay the promised dividends (and on time).
I'm still expecting that we'll get the announcement for the 5 cents dividend this year, and I'm also still leaning towards the ex date being this year as well.
lol That is true, but I only gave them to state a point; we NEED that cash dividend to be declared ASAP. The payment itself can delay till say mid january if need be, but we need the announcement of the ex date now (as well as the ex date to be this year).
Actually - if Solomon wants to build some credibility he should make sure the dividend is paid this year as well, since that's what they said in the Q1-report. Come on, Solomon, show the market that you can plan 6 months ahead
It's not only "very important", it is THE question (which shouldn't need to be asked).
Scenario 1: Solomon says the MoU is close to a 100% thing that will happen late 2019, that CA is doing stuff for ODRAS, that TRW has fixed the AF4-issues etc, but that the cash dividend will be postponed till Q2/19 = the PPS will tank
Scenario 2: Solomon says the MoU is a 10% thing that in best case starts late 2019, that CA will be doing stuff for ODRAS when TRW IPOs, that TRW has decided to give up on AF4 and only do finfish for the future etc, but declare the cash dividend = the PPS will roar (50-150%)
Which one to choose... lol
Will they hurry up and give us the cash dividend ex date, or will they wait and let the PPS tank first?
snow Declaring a cash dividend of less than 5 cents might be a lot worse than to delay the cash dividend. Solomon would loose more credibility than he would build after they declared the policy (with the amount and timing!) 6 months ago.
I might be wrong, but I believe we will get the 5 cent dividend (I'm not confident that it will come before the CC though, but it should - we don't need anything that remotely resembles more carrots)
Probably the reason why he didn't sign the Q3-report...