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Yes, I was talking about the loans, they're first in line. Ecab's 5,3 million shares (if it still is 5,3M) are like any other common shares.
Ah, halting Solomon from issuing more shares would be great, however siaf would most likely never ever get a loan again since the banks want shares as collaterals. Maybe from a Chinese bank if they're able to put up properties/other assets as collaterals.
I don't really know what to expect, shareholders aren't their first priority..
All the longs here have lost so much so I almost think they would rather put Solomon in jail, than getting their money back. It would for sure be time-consuming to be able to get any money out from China and out from the company if it ends up in the courtroom. We're talking years here.
ECAB and the other lenders will be the first ones collecting cash if that happens, shareholders will get paid last in the line if there's anything left.
The best thing would be if they stop issuing shares and pay the triway dividend, and announce a dividend policy at the same time.
If it comes down to liquidate the company, ECAB would be the first ones getting paid.
The way I see it, the shares that’s being issued here on a monthly basis seems to find its way out to the market rather snappy so if those isn’t the shares that’s going to ECAB with its bond holders then we should probably expect to see another 5,3 million shares being issued rather soon.
We should also expect Garret’s shares being converted, at least half of that loan will most likely end up as shares.
The sad part is that it would probably be a win-win for ECAB if the bond-holders are selling. Ecab will probably get another, and a better deal to get more shares.
We'll see who's been selling, ECAB has to file their ownership status at the year end at least (if they haven't been selling all their shares by then of course).
itsy-bitsy works fine too
How do you know his friends had millions of shares? It’s a financial institution with clients, who had 1 million shares.
Dilution and dumping have been our worst nightmare in the stock, it feels like its been going on since 2009 or something like that. Stop the bleeding and cash dividends is absolutely the way to go. There's no way around it.
The performance of the stock is not relevant but there’s enough to send them back to Australia, or at least to let them feel the same pain as many shareholders here has felt during the last couple of years.
Yeah, to not have a CC with everything that’s happened in the company for an annual report is another way to screw us over and say that they’re not caring about the shareholders. I’m not surprised, they can continue to do their thing and have their own Q&A without letting us, the actual owners take part. That’s the way to go when it comes to create shareholder value.
They’re in a big mess, that’s for sure.
I can contribute with a good US lawyer and a SEC friend, just let me know.
I agree, nothing is certain until it already has happened with this company. I hope everyone knows that by now.
What about the promises about a special dividend in 2015? And quarterly dividends..
https://www.prnewswire.com/news-releases/sino-agro-food-inc-announces-payout-policy-300107539.html
There’s been plenty of carrots in this company
Even though I think it’s a 99% legit business these are some very good questions that should be addressed. They’re are for sure acting in some ways like a scam, therefore will most analysts say no within a few seconds after looking at the reports. This might work in China but it doesn’t work in the rest of the world.
We need institutions to help, but as long as they doesn’t understand the concept cash is king when trading at 2% of book value nothing will change.
It all comes down to if you're willing to wait another 5 years or 5 months, hopefully, it will turn out better than the last 5 years. Garrett has his long-term view, while most of the investors on this board only see the huge red decline and want it to go up as soon as possible. Some of the people here have been buying way too much in the stock and it has hurt their financials significantly.
I tend to agree with both sides, but as the situation is now, they NEED to get the share price up, in the end, it matters a lot to both investors and to lenders. Right now it is trading below scam levels which is never good for anyone. It hurts the stock in the long run as well, the longer it will stay at this price the harder will it be to get it up later. It will most certainly also generate more issued shares as well.
If you buy at 80 cents after a decline from 17,5 dollar then I hope you took in your calculations that it could go to zero or at least go down another 50 cents. :)
Most people are here for the long term dividend play the management has been talking about since 2013.
Everyone is screaming about a dividend since that is the only thing that could help us, but he rather gives TRW money than support the SP and gives half of Siaf to lenders.
I hope they get that loan, but I doubt it. They're not even paying off their liens as they should, and they've been talking about a $100M loan since they got listed at Merkur in 2015. I wonder if they actually had an offer back then. Swedbank seemed pretty sure they had an offer and wrote about it in their analysis report, whopping 8 million shares as collateral and it would have led us to 28 million shares outstanding.
I agree about this, we the shareholders should at least have the right to be able to ask them about how things really going.
It makes them look bad IMO and that they have something to hide.
This could actually turn to our benefits in the end, if they won't get kicked out of course.
Transparency is something we always asked for. Solomon still doesn't understand that it's better to break a bad news than to sit on it and let everyone find out 4 months after.
What do you think will happen with the merkur listing? Do you think they could/will get kicked out? It seems like Högset was a bit worried about the investigation.
What am I wrong about?
How can we speculate about anything here if we just are able to chat about facts? I would like to know where these 5 million more shares came from.
Högset only had 1 million
How do you know that ECAB hasn’t sold any shares?
Next week will be important, I hope we won’t see any t-trades
Yes, I wrote on this board like a week or two ago that I only had 10 k shares left, I actually sold some before it went up (April 3rd) as well when someone here stated that Fredly claimed Siaf to be a fraud in an article.(which wasn't the case)
I had to buy those back the next day for almost 5 cents more than I sold those shares for. (didn't get all of them back but close)
This is for everyone, please do not write untrue statements here. There's one thing to be talking about dilution, where it comes from or whatever plan Solomon have for us in the future, but not when it comes to things that could directly reflect the share price. We saw an untruthful statement here today as well. These things could cost people a lot of money.
No I didn't had the time to watch it today, it's not ready for me to take any positions anyway ;)
Can't you tell us then since you seem to know? Where is the dumping coming from? And no, it's not only 1 million shares from Högset.
When I bought a lot of shares a few weeks ago I bought them through the specific OTCX 22500 ask, when I looked back at the trades it was easy to figure out that it was where that day's T-trade came from.
Idk why they can’t or are willing to take out some money from TRW, it doesn’t make any sense to dilute Siaf like this if they have capital in TRW. I guess they’ve been trying to get the cash flow up so they’re getting that loan, but still. It seems fishy to throw Siafs shareholders under the bus.
Pay out a cash dividend every quarter is the only way to get this stock up and regain some credibility.
I would say it's most likely that ECAB is the ones who are dumping shares.
Please explain all the dumping then, Solomon is printing?
And why not give all the shares at once?
And any real value is within TRW
Half will be converted into stock and half will be paid back in cash is what I've heard, but as always things can always change, especially in this company.