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Jikes, I hope it will turnout better soon.
Are you still invested with more than 50%.
These clowns will never get anything right, don’t get your hopes up
I'm assuming they will tell us that we're getting a special cash dividend, or that we will get a buyback/dividend plan at the AGM in the end of the year (December) and that the dividends will start in Q1. (payout in May 2019)
If they're only talking about one dividend here it will get crushed.
They could also be talking about the TRW dividend, but as all of us already know, it's one thing to say something another one to actually make it happen.
If they convert Garrett’s loan they’ll be fine, shouldn’t surprise me if Solomon gives a one time special dividend of 8 cents. Then it’s goodnight.
Not too far away to a market cap of $10 Million now.
What kind of collaterals could they provide with now days? I mean, a loan for 100M need both braces and belts.
What would you have done if Solomon gave you 5,3 million free shares in Siaf and 400 k shares in TRW when Siaf was trading at $2.5 dollar?
I would for sure have sold half of all the siaf shares, at least.
I wonder if we should do a public excel sheet for name calling, I bet it would feel a bit better for a few people here.
Good timing:)
It’s probably a combination with both annual and Q1.
So these last 20 carrots he’s been giving us while he has been dumping shares like a mad man isn’t a way to manipulate the stock price, just bad luck uh?
Or that he withhold information for 6 months that could effect the market in a negative way in order to sell more shares? I remember he was lying to us a few times back in the days regarding the dilution as well.
To go from 4 million shares to 40 million shares in 10 years isn’t the way to grow unless you have sick RIO, which hasn’t been the case here. I would call it a pretty destructive behavior towards the shareholders.
Well, if you know that 3 million shares are on its way out to desperate sellers then I don't think I would say anything about the SP. It's not hard to look back of what happened in the past.
I like Dan a lot tho, but it was an unnecessary thing to say, especially when you know the full story.
It's all about transparency and being honest with the market, these guys will never learn that.
IDK, that's what I've heard that they're aiming for. This may probably change a few times tho
Conference call 29th may if they dare to stick with that date
I think it pretty low when someone at the company tells the market that we have seen the bottom when they know a lot more shares are on its way out.
It would have been one thing if they actually had a plan to pay off loans and stop the dilution.
I have a 3-phase plan ready to go.
Soon it's in the low 20 cents. Well done MR S.
If I suddenly only get half my paycheck every month and put all the money that I have in my bank account into one bet in a casino and lose it all, am I then forced to beg other people for money? Could I cut expenses and try to sell other assets, or should I ramp up and get an even bigger house since the banks may approve it.
It's just pure BS that he's been forced into anything since no one else than himself put Siaf in that situation in the first place. Solomon has been spending money as it was his last day on earth since 2009. He ended up in situations where he had to give away shares as payment to his contractors and he didn't stop even if the share count went from 4 million shares to 17 million shares. So after a while, yeah he basically got forced to take the ECAB deal since the contractors couldn't accept more shares as a payment.
Solomon had some luck after the ECAB deal and got another 10 + 15 million dollars in loans but still, he used them all without having some sort of backup plan. It didn't help with SJAP's lousy performance, SJAP is basically worthless for now, and it cost us, the shareholders, about 10 million shares (from 4 million to 14 million shares).
If Solomon only would have stuck with the demo farms back then when we had 4 million shares outstanding then we might have had a chance at that 100 bucks party by now.
Solomon is running TRW and he was the one who accepted to make it a Megafarm, there's no chance he was forced to take another loan (Garrett) or been diluting the company like he has been doing during the last 10 years.
He could also have stoped diluting the company through him and his employees. To grab both a hefty salary and shares with this performance, well it is just ridiculous.
I believe the agreed conversion price was 10 dollars when the pps was higher than that.
We will get a CC for Q1, but they seem to skipped the annual CC.
ECAB did. I don't know about any of the others.
But that's the whole point.
Solomon has been taken several desperate and reckless decisions over the past years. And when he actually had some money he burned them without thinking about a backup plan. He's been a total moron when it comes to financial planning, but relatively good when it comes to operational use. We should try to get him kicked out and let someone else take over the finances. This might be even more important if they actually get that 100M loan, not that I think it will happen..
Solomon might be the one who's been pushing out shares himself since petrjeus was so sure that ECAB hasn't been selling any shares.
And it doesn't add up that it says that these shares were issued at 55 cents.
If this is the case it's pretty certain its a scam, and wouldn't it be funny since when we asked him where all the shares are coming from and he said that the loans are still intact.
Hopefully 20% up, my guessing is much more revenue with lower margins.
If this was for ECAB, why isn't it saying that they settled it for 3 bucks?
If this is for Solomon and his peeps then we should totally sue him
There is no good news coming.
The problem with that is that siaf owns 36.6% of triway + debt. So that's not going to happen.
My worries have been if the other shareholders in TRW actually have paid that much for TRW, or if Siaf has been the one who's investing almost all of it.
Yeah, but I meant real volume, like 600k+ for a few days.
Hopefully, they're done selling or there's a buyer for the shares. We'll see I guess
Most fair would have been if ECAB got the shares at once, so we could keep track. Now it feels a bit shady
That was my first thought, but you made me worried with your RS talk.. Let's see if we get heavy volume now or if they stop dumping
We should see an ownership filing for this within 10 days, right?
Was there a loan for about 20m shares back in the days?
A significant increase in the share count today.
2,020,202
Yeah, it's a shame they couldn't get that money for 10 bucks..
I have never seen this offer before:
https://www.nasdaq.com/markets/spos/company/sino-agro-food-inc-825697-72118
This was in 2014, before the RS
You forced Solomon to pay a dividend :)
Or Solomon read a twitter, #howtoincreasemarketcap
http://www.bilddump.se/bilder/20180504054040-98.116.173.108.png
Chart, I really hope it will stop trading like this.
Nope, I think 5.3M shares was/is more than enough. I think they should have settled at that amount for the rest of the loan instead since they already got 16 million dollars back from their 25M dollar loan.
Toxic loans from Sweden gets a whole new standard after this loan.
So basically 1,5 Million USD after taxes..
It feels a bit unfair that they’re getting a dividend after just costing the company a bunch.
if we’re not getting those 8% TRW shares from the last loan towards TRW then we got really screwed. He might think that the share price doesn’t matter much now but the TRW ownership does in the future. If they’re constantly getting money from TRW in the future then he’s able to do both buybacks and dividends.
We should know if siaf is increasing the ownership in TRW by the CC, otherwise we should for sure make him feel the same pain as his shareholders.
If they’re increasing the ownership in TRW and start to pay dividend then I think the stock could start performing again, but this is also if the dumping stops of course. We’re not going anywhere until the dumping stops.
I’m thinking about the 400k TRW shares that ECAB got, how could they get them in the first place? Did Solomon take it out of our pot or did he pay for them, including taxes since they couldn’t give us the shares since it was too expensive. What’s today’s valuation for 400 k shares in TRW?
We'll see, we all thought we only would end up with 3,3 million more shares if ECAB converted their whole loan. As for now, they got 5,3 million shares and the loan is still there and got even bigger than we first expected.