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Sorry, my mistake. I was referring to the annual report, and that was not five days ago. I mixed it up. But annual results for SIAF were 4NOK+/share. That was my point.
The company reported 4NOK+/share in earnings five days ago. Today someone is selling 28 800 shares for 1.6 NOK.
Squabble.
How about 11c/share? TRW has started delivering and we are expecting a positive annual growth in terms of revenues.
There is so much they could communicate in this company. We could write press releases and paint the picture all day long. For some reason Solomon does not prioritize communication and that is a real shame. He doesn't see that a good communication increases the value of the company. I do not think that the lack of communication is the fault of the previous communication bureaus and -people who have come and gone, it is just Solomon who doesnt't want to spend time and money on communication. We could certainly help him to change that.
If a big financing finally would materialize, I suppose it would be a game changer and end our misery right there? Solomon could expand the business at a faster pace and start paying dividends which would get the share price to take off upwards.
Don't you think that a separate listing of CA would "unlock more value" than just a merger with TRW?
What about Angola - did that just evaporate?
If you have a company valued at $7.2M - how could you possibly raise a loan for $10M, $20M or more? Against what collateral? What kind of setup? I can't see that.
15 weeks since TriWay withdrew the stock dividend.
15 weeks since TriWay said it will keep its own shareholders and the public at large updated on this matter.
10 weeks since SIAF withdrew the cash dividend.
10 weeks since Solomon said the required F-1-filing "is near completion".
I conclude with RD on this one.
I think this is a typical pump and dump play. They don't make any money and people are posting on their iHub board in bold capital letters. To me that is a sell, had I ever owned the stock. You are a SIAF-mate, empty, so I wish you all the best, but personally I would not touch it. There is obviously money to be made on a good trade here, because they do try to maximize value through communication, something that Solomon never was bored with. But ultimately I think it will go down. I congratulate the guy who managed to sell last week at .95. And I wish that you will make a few bucks, waiting for Godot, or Solomon, as his real name is.
The "announcement" from 2016...?
...unless he is working on finalizing the F-1-filing this very moment. Today it is nine weeks since Solomon said the F-1 is "near completion". Nine weeks - go figure how we put different meanings into the word "near".
Busy? If you work at the communications department of Sino Agro Food, you are not busy.
No offense, Peter
Congrats to the guy who sold for .95 yesterday morning. And my condoleances to the buyer.
This is my view as well.
I want nightmates too.
Just wanted to say how much I appreciate your posts, RD. Your insights are valuable when we are trading at bankruptcy levels and everything and everyone suggest that this is going down the drain.
SIAF should pay you a salary for doing what you do, the communication they don’t do themselves.
Yes, definitely. And that is a strong incentive not to screw this one up.
Oh no he won't. He will pay at least 5c before 1 Jan 2019.
They said before year end, and I think before year end.
I think they will pay. They cannot afford to mess this one up.
Nisse is old and tired and SIAF keeps screwing up and disappointing. What more reasons do you need?
Good work, RD!
Well done, RD!
They screwed up big time and no one is feeling comfortable. But I think that they will distribute the TRW-shares and they will do it as soon as possible.
What happened was a bad mistake and it will have the highest priority to correct it asap going forward.
I don't suppose they halt the trading for a non-important announcement.
Norwegian. Can you please send me an email to petrejus@mail.com? Thanks.
Norwegian. Please send me an email to petrejus@mail.com.
Yes, I am in buying mode. Just waiting to get liquid next week and then I'll place an order.