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Finally TRW dividend details?
I guess you didn’t see that they added about 200,000 to the O/S yesterday.
And when they start on a Monday it usually doesn’t stop there.
Just about 2,750,000 more before reaching the A/S
At least in case they DO something the benefits will be meaningful.
Got a reply from Ron: ‘RJD owns 100% of the stock of IOSoft.’
Must be a mistake.Thought that number was official.It seems they added 500,000(the last increase)twice.
That is very strange.Maybe that is why we had the big volumes in Norway the past couple of days.
But the OTC site is as it was.Explanation from company required.
GIFA Holding Limited is a Turkish Republic of Northern Cyprus based company.
They simply cannot list in the US unless they move their operations and head offices from there.
Most of the Chinese listed companies, I guess you know, are Nevada incorporated.
The terms and conditions of the planned Divestiture and the planned Acquisition have not been finalized but we anticipate that if we are successful in completing these negotiations, we will likely focus our resources solely upon the business currently conducted by GIFA Holding Limited.
So is this a North Cyprus company or an Indian company?
All of our services are currently offered only in India.
which owns IOSoft Inc.
which holds interest in IoSoft Inc
You have a point but you would expect a whole PR page of damages of something worth in excess of $300M to have cost more than just $1M.
When Solomon spends the “profits” on development it costs many millions.When there is damage the damage costs just a few hundreds of thousands.So when is he telling the truth?
Hope you are right.But that is old news.CEHD has not been mentioned anywhere since then.That roadshow was a year ago.They began mentioning SPAC and now IPO.Don’t think there is such a thing as a RM type of IPO.It is either RM or IPO.
And I guess IPO means no R/M doesn’t it?
CEHD has not been in the picture for more than a year.Unfortunately they will probably skip CEHD and list directly.
It is only mentioned under Liu Hailong’s credentials which at least gives us some hope.
When you don’t name the buyer then this is so obviously an attempt to attract buyers for their stock with a CDII type of PR.
Iosoft have added a Blog to their webpage.
https://www.iosoftinc.com/blog/
Hopefully not the excuse Solomon was hoping for!
He said at the last CC that a maximum of $5Million would be needed from issuing stock in 2018.That would mean just a few million extra shares from dilution required.
But as always because he likes to lie or just make a promise and forget about it he didn't mention a number this time.
Next few weeks after 3 weeks remains next few weeks.Very convenient when you don't set exact date targets.
Dilution until then, it will stop during 2018
You cannot check the OTC site to see that Solomon is accelerating dilution?
+800,000 carrying 25c dividends just over the next 2,5 years.Doesn’t make much sense does it?
Only positive about the low shareprice is that they cannot dilute like before without totally destroying it.
So the O/S is unchanged at 296M on 08/24/2018.
Is SIAF the only company in the world that does not disclose who gets all the shares printed in settlement for debt?
All the scams in the OTC always mention who benefits when they issue convertibles etc.
I wonder why the Sec and Merkur don’t demand from Solomon to disclose this info.
Of course you either believe that a company that has offered services for $10M is accepting payment of just $4M risking or going bankrupt, or that Solomon is simply printing shares for cash that he has to pay back in full within 2.5 years in dividends, diluting in the meantime his wealth and that of his shareholders massively.
What application did they buy on 22July for $89,500?
As usual they don’t check for obvious mistakes before publishing reports and they say they issued 50,000 shares instead of most probably 5,000,000.
Exactly.Unfortunately it is no longer all about sales,revenues and margins.
They have to prove that the receivables now and in the future are collectable.
Even if you lose just a quarter or so of your revenue because of bad debt,then this company unfortunately is probably worth nothing.
So far many accounts are late and about $16M of profits were written off at the abattoir and they have not told us who benefited and why they did not insist to be paid or take them to court.
If the abattoir customers got away with it so easily, why can't the rest?
Is Solomon going to explain at the CC how he will have the cash for the dividend?
And also would he still have it without the continuing dilution.
Hasn't Solomon thought that instead of diluting so heavily and then taking a look at the Balance Sheet and seeing that it makes no difference when you are a half billion company and you are trying to get a few hundred thousand dollars each time, it would be better to take one of his customers one of the smallest ones and tell him no more credit for you.
If he does not accept you lose a small customer but you get the millions he already owes you and you solve your problem.
But of course the question mark is will he or any of Solomon's customers pay their credit once they stop shopping?What will force them to?I think Solomon's credit is non-guaranteed isn't it?
This was from last Q.Now it is $4M so half a million.
Yes one of the small positives.
Will it take them 6 years to repay or did they pay during the Q less than they had to?
Is this something new about the dividend that is starting to put it in doubt?
once all the regulatory requirements are met.
Handl, what I see unfortunately is increasing receivables and liabilities that have not gone down despite the dilution and what you would expect anyway even without dilution at 55c.
Don’t know if there is anything that can give hope that things will change soon.
The situation looks extremely bad and hopeless.
Can’t see how their cash flow situation can ever improve.
Basically nobody is paying.
They have been diluting heavily but the Balance Sheet is in a worse situation!
Other payables have not moved!
No new dilution at least until yesterday.
O/S still at 296M.
https://www.otcmarkets.com/stock/RJDG/security
Yes.In fact just another installation completed by Silex.
But no one can understand why no updates bad or good or neutral about Iosoft and the promised audit.
https://m.facebook.com/SilexInteriorsOfficial/
At least Silex seem to be quite busy lately completing many projects.
https://m.facebook.com/SilexInteriorsOfficial/
Here is the website for Iosoft.Where it says Payer,Provider there was an extra tab Partners that mentioned PlutoXpay and A&G whose CEO was saying how happy was with the Iosoft partnership and that they were the best.
Well it seems that he no longer thinks so or that Iosoft were no longer very happy about that partnership.
A few weeks ago the map had Iosoft headquartered at the A&G Healthcare offices too.
For a company issuing PR's about twice a month no comments on such developments, no comments about the promised upgrade to the OTCQB and no comments on the 10-k and 10-Q are unacceptable and hard to explain.
It is not as if the stock is trading at 0.03 or higher.It is near its ATL for god's sake!
https://www.iosoftmkt.com/
PlutoXPay and A&G Healthcare gone as partners to Iosoft from their website.
Is this a positive or negative?Who knows?
But why isn’t the company providing any updates about this development if indeed it has happened and about Iosoft in general.Revenues,is it profitable,projections etc.
Many shareholders bought because of the Iosoft projections.Why total silence about its performance for so long?The shareprice is so low now that any bad news about it, will not affect it much.
Updates about SWRM from Ron and use of Ihub Newswire after about a year.
Hopefully we will have an update about RJDG this week too even without the use of Newswire.So many,many things announced lately but of course after the huge projections on Iosoft confirmed more or less in a PR just a few months ago,an update on that part of the business is required.
They were just really WILD predictions that did not materialise, the huge inaccuracy of which is now more than priced in.Don't forget the last dilution was at 0.01.
There is however a possibility that Iosoft will start to show increasing profits even with their existing customers, because the way they are operating I think is mainly 'show us that you can save us money and then you get your %'.
Anyway as long as the company keeps quiet about Iosoft and guidance about it with numbers, its' prospects is nothing for a shareholder to get really excited about.