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I think new collateral shares are hitting market today. Tomorrow, we should see an increase of OS by another half a million.
Short interest went down to 1500.
Is Peter still with the company? I asked him about the PR and did not get any response. Normally, he replied emails pretty promptly. Maybe he is fed up by the company and chose to leave.
The OS went up almost 3 million from end of Q2 to Oct. 5th. How many more will be issued?
I think top up shares are based on moving average, so for the coming weeks, we will see half a million per week. So we would be lucky if we do not see a new ATL.
It could be because Peter is busy or sick. Cannot conclude at this point.
Emptyone, the one you saw is from Hyperboy's group, not from the company.
I went to facebook as well, did not see it. The newest I saw was from August.
No, I am not shorting. Normally, SIAF'S website keeps up with the PRs, but not this time.
That was why I thought it is a fake one.
The PR does not even mention Solomon's name, I tend to believe it is a fake one.
Solomon simply wants to buy more time. I am afraid that the PPS will continue to slide down.
Anyone knows what formulation of OS counting guildlines mean? Does it imply that Solomon acknowledge that collateral shares have been sold? Thanks in advance.
What the hell did they mean when they saod: formulation of outstanding share count guildlines?
ehhh, very soon.
What did Hypeyboy say nowadays? I suppose he could call Solomon and ask question. Perhaps, that is what you shpuld do. You should ask him to call instead of whining here everyday.
You called Dan, you should ask him to issue a PR regarding the issue. Months ago, when they increased the OS , I talked to Peter. He wanted to issue a PR but Dan refused to do so.
Interesting thought. I bet Solomon issuef more shares yesterday, he probably thought pps would stablize at around $1.30.
Judging by the selling today, it seems more collateral shares hit the market.
A new ATL is imminent.
When SIAF took the two loans, they needed to go through ECAB first, since ECAB has the first right of refusal. Dont you think FD would have caught that if that was the case? Could FD be the one behind the entire show?
Jyyoo, where did you get the idea that there will be a PR? China is having its week long national holiday.
I think the OS is over 28 million, as of today.
You did not see the following: "More importantly, they are planning to announce a new buyback/dividend share issurance policy."
Hey, you leaked the most important private information regarding this company, CFO does not know what ROI is and he does not have a working mechanical pencil.
If you read what Swede wrote, it seems to me that Solomon wants to defer Triway dividend share distribution.
Swede, thank you for the update.
Well, we will see. Yesterday, I said collateral shares were issued, did I?
When Solomon flew to Sweden, when they changed their statement on whether dividend sharrs will be distributed to collateral shares, they knew collateral shares have been sold. They do not know what to do, they asked FD for a favor, maybe FD refused them. They are hoping that loan will come through, it won't. It is sad.
They need to sell assets, HU, MEIJI, HSA,CA,SJAP, and even a few percent of Triway. But he wont, he does not care about shareholders.
Emptyone, who wants to be CFO of SIAF right now, or ever? No one, I mean, no one. All the decisions were made by Solomon. He does not care about shareholders, not a bit. He does not even want shareholders to ask questions on CC. What else do you expect?
Solomon used all his bullets two months ago. The D&B report, ABC credit facility, that were all he had. Now he has nothing to report, nothing, and he needs to issue millions and millions of collateral shares.
Then Triway cannot be listed in Hong Kong, it has to be profitable for at least three years before it can apply for listing.
Apparently, someone wants this thing to go 10% lower weekly, or biweekly.
That is probably the right thing to do. Garrette, you and some other wealthier share holders should step forward and defend the PPS. Solomon at the moment won't do anything. He is probably in Macao's casino playing with shareholders' money.
Guys, no need to speculate here. Tomorrow, we will 100k to 300k more shares being issued. As I said, the new collateral shares are dumped to the market immediately after they are issued.
Jyyoo, you do not to ask others, just ask yourself, are you buying now? If you do believe that the loan will come through, then you should take loans to buy as much as you could.
He does not a feasible plan. He is still denying the facts that collateral shares are dumped the moment they are issued. He does not have any money to do anything in the capital market, nor does he have any intention. He still lives in his fantasy land that in 2018 this will be a billion dollar enterprise.
I think more collateral shares have been issued yesterday or today and they are selling those shares. This happened last Tuesday and Wednesday as well.
Solomon did not expect this low price but the lenders did. I am afraid it was a trap for the company and Solomon gladly took it. Of course, all the delays kill the PPS.
I think the implied troublesome loans are from the US.