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The F&v is one of seven agricultural committes.
They have a great search function online. You should try it out :
https://www.fas.usda.gov/topics/trade-advisory-committees
Who knows if they are not selling? Ah, they are not reporting it. So we can trust them reporting correctly, but can not trust the CEO to keep to the agreement.
I hope I am wrong, but this is a company reporting $1,2 billion in revenue last four years. Never reported a loss. And still no money left for anything, and printing shares like hell.
And a cocky CEO blabbering about spending $20 mill on buybacks?! WTF? Is he trying to impress us? Why not spend $10 dollars on writing us the memo about collateral...
$365.000 for the CEO,converted into the number of shares that comes depending on current PPS. IT'S 50% of his salary, rest is cash.
All we get is pics of prawns, cows, fertilizer and no cash dividens. Still waiting.
Pics from distribution centers look like they have some rental booths. Where did the centers use cash from sales istead of paying SIAF? Suddenly we might get some equity of some real estate, istead of getting paid receivables and get cash dividens?
I'll fucking rip them apart if they try to avoid giving us cash dividens. No wonder Peter and Dan is totally anonymous on the web. And when Solomon files, he used a HOTEL SUITE as address in Guangzhou! No more tricks to make cash vanish from us!!
Lets build the megafarm in Ohio then, so you can keep a closer eye on this business ;)
I am actually just like Dan. I gave my fortune away - to Zero.
Agree. And in addition we are somewhat confused about collateral, and the company has promised to announce a notice on this. Some suspect them to be behind the sales, and you will have that problem unsolved with buybacks.
Amen. Wish you worked for this company. Dan doesnt reach your anckles.
I am a bit confused. The Swede: can you help me on this, so it can be cleared?
Linkedin: linkedin.com/in/daniel-ritchey-a78847a (yes, thin/inactive)
OTC cv: http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=148877
The Government work (North American Free Trade Agreement): I find only one Daniel Ritchey, but that guy is President of Riverfront Packing Company (google and find its an elderly guy, not same age as our Daniel.
https://www.usda.gov/media/press-releases/2014/06/26/usda-and-ustr-name-new-members-agricultural-trade-advisory).
- So we have two individuals named Daniel Ritchey in the same committee? And one is visible in searches, but "our" Daniel is not to be found? I would really like to see this one answered.
Tried to find him regarding board position in https://www.genesishcs.org , but did not succees.
Salary - are these stock deals executed or?
Payment: monetary + shares: entitled to receive 24,000 shares of common stock of the Company per year, accumulating at 2,000 shares per month payable on February 28th each year. (https://www.sec.gov/Archives/edgar/data/1488419/000114420416085308/v433138_8k.htm)
Ok, I for sure understand and wich you good luck back. As I have stated in another post, I'll give them Q1 to finish and deliver.
I think my perspective her, is that I feel unsure about the balance.
And CA. They have indicated teasers, and now it's on pause. RAS technology is not something I think that they master in a world-class manner. I think they created CA to inflate earnings and blow up balance, and claiming success with investors that might or might not be behind TRW. I think CA don't have a lot of engineers and is running like a indipendent company. Shouldn't they even have a webpage and Facebook at least?!?
So why stay in? Maybe better to actually leave, and rather return if they deliver.
I am staying because I think the Megafarm represents a project which gives them an opportunity to finally make a real company with real cash flow. It's all about the loan now and they have painted themselves into the corner now putting the last of credibility on the line.
If we see massive dumpage the next two three weeks, I think I know who's selling and the outcome of the loan process.
That might even be a mini trigger, and low hanging fruit. Why not reduce the 50M to 30M? If we are at bottom now, we don't need the roof of 50. It just makes people fear dillution, which some of us believe won't come.
I see your point, but not my intension. I wanted to share my surprice and maybe get some answers, and I still got NO ANSWER from Ahl nor SIAF.
But you gave me an answer and told me that they are close and siaf helps some of the owners. Fair enough I believe, and I also arrange ownership this way in many cases.
Still, I see some risk on this item but have not concluded as hard as gnufra. BUT, I am not staying much longer. I'll stay in Q1, and then Im done if we dont see dividends. We are on overtime here, indeed.
Gnufra: consider to rejoin with 1/3 if what you sold. Just in case. Would not want to see you miss out.
Thanks RD. And now a challenge for our US shareholders. Could you please check the background regarding cv: is there a MBA in Ohio and can we find any info on previous work? I am not sure if I am listening to a MBA educated man here, but still think they have skilled tops on aqua part.
If all seems solid, GOOD. If not, run. I found him anonymous on linkedin in, but seems he isnt mentioning siaf, but The Business Advocat.
Edit :
Mr. Daniel Ritchey, also known as Dan, is a Partner of DC Capital LLC, 3-D Oil and Gas LLC and 3-D Ranch LLC. Mr. Ritchey serves as Finance Director of 3-D Ranch LLC. He has been Chief Financial Officer of Sino Agro Food, Inc. since 2016 and previously served as its Acting Chief Financial Officer since March 01, 2016. He served as President of The Business Advocate, Inc. developed 3 successful partnerships, namely DC Capital LLC; 3-D Ranch LLC; and 3-D Oil and Gas LLC. He served as an Investment Analyst and Advisor for venture capital firms. Having worked in both the public and private sectors, Mr. Ritchey has deployed his years of experience into developing partnerships and venture capital relationships throughout the agriculture and natural resource industries. Mr. Ritchey serves as lobbyist on both the State and Federal level, with focus on issues and industries related to natural resources and the environment. Mr. Ritchey has been a Director of Sino Agro Food, Inc. since February 01, 2014. He holds undergraduate degree from Muskingum College in 1989 and an MBA in Finance from Ohio State University in 1994.
Good post. Did you, by any chance, ask why we are not seeing any inside trade? Think that would be positive at this point.
Yup, I was planning to write that I actually was concerned once about this once, but RD cleared it out as a minor mistanke.
Ill never pull a joke on this board. Ever. Not this week at least!
Its actually in the 10Q, look at F8. But it doesnt mean anything I believe. I just remembered it and wrote it for fun. Actually they should fix it due to legal reasons.
Good story if we accept loosing 70% is regarded as stable. Its more like a fucking disaster if you ask me.
I know what it is. But I am just trying to understand why he has been working for THAT company?
I have not at all questioned his competent or credibility, but I am wondering why a SIAF employee could be Director in another company holding ownership in TRW. The partners have been negotiating cake splitting, debt to equity etc, or?
So it bugged me, and I have now addressed the company. Again.
You have kindly provided us the list of shareholders in TRW. The filings I am talking about, are complete history of filings made by the other companies. I chose some companies and took some samples. And I wanted to share the findings as it might or might not be of importance.
There might be perfectly good reasons here, like tax.
Yes I did. And I also mailed IR some questions a week or two ago.
Absolutely, I will share if they respond.
I am still positive towards the loan thought, but if we end up above 36,6% in TRW, I would not be completely taken by SURPRICE. Also in this speculation, I wish to add that I tried to verify and find the individuals behind the CA deal, but I don't have the tools.
All this can be forgot if we get the loan and cash dividends soon. I would really like that to happen soon.
TS, my post was based on paid downloads from the Hong Kong business registry. If you regard that as nonsens, you need to address the people filing the registry.
Don't shoot the messenger.
In the CC they said they would post a memo regarding collateral. Look forward to it. They used little time on this very big topic, the main reason for todays PPS.
Hu, so contracts, D&B valuation, dividend talk, is all a dumpage warning in this company? I see the pattern or coincidence? .
At least we can conclude that the 3 month old baby company giving them the deal, was founded on $2.000 - not even enough to pay 10% royalty on the first tank, at $25.000 a tank. OMG.
He was in GSL, not GODL. The GODL comment was regarding the way the CA deal was PR'd. Wonder if the PPS took of at that point?
GSL wasnt a venture. Its supposed to be one of the owners of TRW. With Chinese investors.
Thanks, I will do so.
On 10.Feb 2014, Cosmos Corporate Services Limited took over as director of GODL (Glory Ocean Development Limited). Business address: 181 Johnston Road, Wanchai, Hong Kong. Same as most owners of TRW today. he GODL was incorporated 20 Dec 2013 by READY-MADE COMPANY LIMITED with $10.000HK in capital.
In March 2014 SIAF PR'd the deal between Capital Award and Glory Ocean Development Limited (GODL) - a $150m deal for first stage. I was not aware of the close relation between the two companies in this business deal and the "light weight" signing it off. I don't know if you all knew.
I did some search today on Good Sea Limited (owner of 3.250.000 shares in TRW). It was incorporated in 27 Feb 2014, and 21 Sept 2017 I see that ERIK ALBIN AHL has resigned as Director of this company.
Any IDEA why a Director/IR in SIAF has had a Director position in one of the other owning companies of TRW?? It seems strange IMO.
Sorry RD, I meant so write HAMP (not HERB).
I don't know the company to much, but looked into that deal and it just amazes me how such a swap creates a win-win situation for both parties at the swap.
I wouldn't trust it at all
Makes me think about the swap "deal" in HAMP, where suddenly all land was "desert and stone", and unfit for growing plants. So they did this magic swap, where they got good land to grow stuff and the company receiving the desert land could utilize that for other uses.
I hope we are not looking at a "lets ditch stuff game"
* land is leased, high value
* money is invested into deveolopent and loans given to suppliers/customers
* more money into "equipment" etc
* refurnishing etc makes more money go, and stop in the great production
* suddenly market collapses or land is unusable, and all the assets we have been paying good money for, is suddenly given away or lost
How the hell can you build fish farm with "light material" in a swamp, and then fill it with concrete and water weighing 100s of tons?
Good work RD, hope others can help. Anybody going to China soon on this board?
Well, he could be right. But I experienced this recently, and the banks did not want to allocate the loan in Dec 2016 as this would require further funding of the bank (think its 12% equity of lended capital). Our loan was then committed January 2017.
Again, just wanted to share this point but it might not be applicable for SIAF banks. I think the stricter bank regulation came as a consequence of finance crisis in 2008.
Ok, I have a different experience in private banks in the Nordics. They need to have high enough equity when closing books, and would therefore postpone loan allocation to the start of a new year. And the allocation is what matters, not payout date.
Might not apply for Chinees banks, but someone mentioned EU banks getting involved?!
I was dead serious. They have yearly budget.
https://www.caixinglobal.com/2017-11-11/lending-tightens-in-china-101169292.html
Most banks are out of funds in December, so the Christmas gift has already been delivered in the CC. My guess is primo or medio February.
And Dan's comment on PPS is because they know the seller of collateral is finished and todays level was established when we didnt know that. So this is why the PPS now seems too low, and I guess 2,40 at end of 2017.
A line of Credit is perfect for development projects, to reduce finance cost. Finally, they can refinanced into long term when building fase is completed.
If you are approved for a line of credit, you receive the ability to borrow up to a certain amount right away, but you are not going to receive a large check or money transfer up front. Interest accumulation only begins once you actually make a purchase against the credit line.
Dont loose out Zero. They will get their finance now. Just you see.
Its not 5 times the load. The lead bank will cover most questions with the other by its side. They usually are suppliers of loan to the lead bank, which actually does pay out the loans.
Are you familiar with insurance? And use of regression? Its comparable.
They all share parts of each business, istead of carrying one each.