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TRW is still nice and profitable even with the issues at AF4...
Less fluff this time? That's an improvement. We still have a long way to go, and we need to wait a quarter or two before we can see whether this is a change of mindset, but I do like that they now are more upfront with the bad and not as fluff with the good (or fantasies). Some quotes from the Q3;
Are you referring to the "Q3_2018_Interim_FINAL"?
That is true, but the AR in question is (in my opinion) AR due from TRW.
Solomon is CEO of TRW and should know whether TRW will be able to pay its debt when it is due, especially when we're talking a meager 2-4 weeks (or whatnot) in the future.
RD Have you looked into this one? I haven't had the time to dig deeper into the filings.
I'm surprised that he even bothers. Does he really expect this board to be that easily manipulated so that his "moody swings*" actually makes a difference for his trading?
*We all have moody swings, but I'm referring to those "all hell is breaking loose - oh, I just bought shares - look at the sunshine - oh, I just sold - all hell is breaking loose" loop
A good summary, Chrys, although we need to hold our breaths a bit before celebrating that dilution has ended (I were a bit worried yesterday since Broadridge hadn't updated the OS since the day before, but now they are back on track and no increase)
Not happy that they didn't write about the cash dividend - hopefully the Q3-report itself will come before opening hours on Merkur and include some information.
More importantly; did TRW pay this up-front, or is this the reason to dilution? There should be NO work done by CA unless they are paid upfront, or at least before some ARs are settled with CASH
What did you expect? Low cash-balance is what brought us in this mess... Also, this is as of September 30th and they expected to be cash-flow positive mid/late Q4, and we know they have been diluting after that.
Nope. "Total Sino Agro Food, Inc. and subsidiaries stockholders’ equity" = 622.5MUSD. Divide that by 50M shares = $12.5 (14-15 if you disregard the collateral shares)
Not that book value matters when you have a management like SIAF...
Consulting and service income from development contracts = 6,502,372 in revenue
Share of income from unconsolidated equity investee 1,793,661 for Q3.
Not very impressive
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
During the quarter the company issued a total of 7,104,837 shares for total consideration of $4,042,097 in settlements of other payables detailed as follows:
· Settlement for 4 professionals on consulting and service rendered fees for $303,055 by the issuance of 551,010 shares at $0.55/share.
· A total of 4,611,086 shares were issued to 5 building contractors and/or suppliers for the settled consideration of $2,536,097.
· The payments to other unrelated third parties for $739,797 by the issuance of 1,479,593 shares.
· The issuance of 463,148 shares to a total of 17 staffs/workers for $463,148 for services rendered and owed during year 2016 to 2017.
32
The shares were issued pursuant to the exemption from registration under the Securities Act provided by its Regulation S.
What the benefits of having market makers when they allow a 18.5% spread?
Not that I can remember, but it seems that it was the non-controlling parts that took that hit (net income with a loss of -0.5MUSD whereof -1.4MUSD for non-controlling and +0.9MUSD for us)
Yes, it is so stupid that there is no other company in the world who does it. Oh wait, there is. There is even income-funds who do it. Oh, my bad. Uh, your bad I mean
How do you think the PPS will fare between quarterly dividends? It will be heavily traded and manipulated. And how has that done in the past? Sorry, but I don't think quarterly will do it - certainly not semi-annual like we have now, certainly not after that they messed-up the TRW-distribution.
I don't think they'll listen...
Besides, we need monthly - quarterly will not do