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It aggrevates me
Solomon should do whatever it takes to NOT increase OS until they have resolved this issue. However, I'm not confident that the fuckard will be able to restrain himself
Somehow, I suspect most did not budge
So it's basically just an alert that they will probably halt the stock if the PPS moves quick (up or down).
Too bad, I would have liked Oslo Børs to make life miserable for Solomon - watching his every step...
And Merkur now has a 20% premium over OTC...
It will be interesting to see how OTC reacts to Merkur - or if it will (it rarely does), and whether Merkur will respond to OTC if OTC drops further (it normally does, but the bidside is strong at the moment)
But there is NO indication the distribution is being cancelled
Reference is made to the announcement by the Company on 8 October 2018 regarding the distribution of dividend shares by Tri-Way Industries Limited (“Tri-Way”). Reference is further made to the ex date announcement made by the Company on 30 October 2018 in respect of the record date for the right to receive the distribution.
The Company regrets to inform its shareholders that the record date has been cancelled. The Company refers to the attached announcement made by Tri-Way whereby Tri-Way announces that it withdraws the record date, as it has been advised that certain aspects of the proposed transaction need to be evaluated further in light of United States regulatory requirements and other steps may have to be taken before the distribution is initiated. The announcement further states that Tri-Way still intends to have its shares distributed to SIAF’s shareholders and will keep its own shareholders and the public at large updated on this matter as it deems necessary or advisable.
This announcement is made pursuant to the disclosure requirements pursuant to the Continuing Obligations for companies listed on Merkur Market.
TRW hereby withdraws the record date set forth in the Release, as it has been advised that certain aspects of the proposed transaction need to be evaluated further in light of United States regulatory requirements and other steps may have to be taken before the
distribution is initiated. TRW still intends to have its shares distributed to SIAF’s shareholders and will keep its own shareholders and the public at large updated on this matter as it deems necessary or advisable
TRW hereby withdraws the record date set forth in the Release, as it has been advised that certain aspects of the proposed transaction need to be evaluated further in light of United States regulatory requirements and other steps may have to be taken before the distribution is initiated.
So are you planning on buying the shares back on OTC or Merkur?
If so; imagine the incompetence of the lawyers they use...
You have to ask if they pay their lawyers...
Is this the reason why they never announced the TRW-distribution on OTC? Were they trying to bypass FINRA? Or were they waiting for a final go from FINRA before issuing a PR about it?
Let's see if Solomon just managed to put in a new ATL today...
Not only that, but after they (on Merkur) declared the ex date had passed as well... Going to be quite the mess. Thanks to Oslo Børs for screwing shareholders as well; halting the stock til after the close, so that OTC could have almost a full trading day in advance... lol
I think they dont want to mess up with Oslo Børs once again
Thanks, that was different (better) than I remembered
But not on OTC?
Strange that they would halt trading for an announcement - and now Merkur is almost about to close, so if they had something "halt-worthy" then it would not be very nice to wait till Merkur has closed and then release whatever it is...
EDIT: OTC is not halted (jfr the link RD provided and the small trade I just made lol)
that it would commit to limiting the issue of new shares in 2019 to a maximum of 1.5 M, for normal corporate incentives
so we can both profit from this situation
So this "compensation shares etc." are less important to consider in regards to dilution?
So basically what you are saying is, the dilution "has ended" just for financing but not for "compensation shares etc."
To quote myself;
At that point dilution (disregarding compensation shares etc) should have ended if SIAFs expectations are met
what we are discussing - is whether there will be additional "financing dilution"
This would seem to suggest that the otc market seems to assume that shares in SIAF are trading without the stock dividend in TRW included
You act as if the compensation shares are not real expense and are "different type of shares" than the one they regularly issue for
they will only expect a positive cashflow in mid/end Q4
Are you still following the board, hyperboy? Can't blame you for ditching us from all the heat you got from some people here, but have you been in contact with Solomon/SIAF lately? What's your thoughts on the possible different ex dates?
I still think they should come out with a press release
I mean if they’re not restructure the ownership again
ECAB was 15 589 000, although I haven't checked how much remains and the duration.
Garret is at 4MUSD I believe, and is "due" December 31st.
The TFA&B credit line was reduced to 15MUSD, and Loan1&2 was reduced to 4.7MUSD - according to the response to Finansavisen.
Speaking of loans; the 3MUSD loan from China Development Bank is due November 28th this year, and the 1.5MUSD loan from the same bank is due December 13th this year. Is this where they expect the new "small" loans to come from? (isn't it the rule in China that you have to repay your old "small" loan to get a new "less small" loan?) They do have a 10 year 6MUSD from the same bank as well, so maybe we shouldn't put anything into that
Sorry, I meant naked-shorts by MMs. Any idea?
For your example I believe you are correct; According to Nordnet it is the shorter who needs to pay the dividend to the person who lended out the shares, but it does not say anything about share-dividends... Which might be a tricky (and rare) situation, especially for SIAF/TRW where the dividend-shares aren't on a market (and I assume the compensation has to be done before the "TRW-trade-platform" is up and running)
Nordnet doesn't say anything about when, but I would guess that the shorter will have to pay on or around the payment-date, i.e in two batches for SIAF/TRW. Although for SIAF/TRW it might be "tricky", i.e one might need to remind your broker about it if you have lended out SIAF-shares.
The TFA&B collateral loan is due September 30th 2019, while Loan 2 is due October 1st 2019. Loan 1 was due March 31st 2018, but I can't remember whether they renegotiated it or if that is the reason to the reduction in loan amount (or was that TFA&B?)
or we will get a separate record date and ex-date for the 2nd part
As I pointed out earlier the PR on Oslo Børs refers to SIAF-ME.
SIAF-ME - Shares trade ex right to receive shares in Tri-Way Industries today.
Reference is made to the announcement made by Sino Agro Food Inc. (“SIAF” or the “Company”) on 8 October 2018 regarding the distribution of shares in Tri-Way Industries (the “Distribution Shares”) to shareholders of record 31 October 2018 (the “Record Date”). The shares in the Company will trade exclusive of the right to receive Distribution Shares today, 30 October 2018.
Each shareholder in SIAF will receive 0.3707 Distribution Shares for each share held in SIAF as reflected on the Record Date (subject to rounding up to the next whole Distribution Share).
Each Distribution Share is valued by the Company at USD 3.40645, such valuation based on the valuation made at the carve-out date (5 October 2016).
The Tri-Way shares will be registered in book-entry form with the company registrar of Tri-way Industries, Cosmo Secretaries Limited (HK) on or about November 14, 2018. Eligible shareholders will be able to access an individualized webpage prior to year-end 2018 to view their share balance. Further details on how to access the individualized webpage will be provided at a later stage.
For further information, please contact:
Peter Grossman
Investor Relations
1 (775) 901-0344
info@sinoagrofood.com
Nordic Countries
+46 (0) 760 495 885
info-se@sinoagrofood.com
Equinor ASA: Ex dividend
From 21 August 2018, the shares in Equinor (OSE: EQNR, NYSE: EQNR) at Oslo Stock Exchange (Oslo Børs) and American Depository Receipts (ADRs) in Equinor listed at New York Stock Exchange will be traded ex dividend USD 0.23. Record date is 22 August 2018.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
I'm not sure if the cash dividend will have a big effect
it may come on a FRIDAY and the ex-date will be on the Monday
And only 8 trading days till the Q3-report is due. What can we expect from the Q3-report?
Personally I expect them to announce the cash dividend with the record date and payment date for that (both to be in December). I don't expect them to adress how much SIAF has retained in TRW, since the payment-date is in Q4 (but they should adress it in the CC at least). For operations I don't know what to expect, but TRW should be doing better then Q2 because of the trading-division.
What are your thoughts?
It was for 20%
No OTC announcements at the time,no FINRA, nothing
You guys seem like the other guys on the board except you seem to be desperately trying to get people to not sell their shares, I assume because You fear the stock price going down.. To be clear I am still very bullish
Fact is only shareholders of record on oct 31 receive trw shares stated multiple times by the company
SIAF is a US-company and has to follow US-rules. There is a possibility that they are able to bypass US-rules, but imagine what would happen if Apple had done the same thing; lend/sold 400% of its market-cap to a private HK-company and then distributing private shares to share-holders of Apple without the market knowing (by market "not knowing" I refer to the broader market, those who doesn't follow the company closely)
Notice that there is no PR on OTC that the distribution has happened, nor any PR that there will be any distribution... Imagine what would happen if Apple did the same; many retail investors buy apple without reading any reports. Well, one day the PPS plummets because of the distribution, but this isn't PRed so you suddenly have a decent dip to buy into Apple. Yay! Later you realize that Apple just distributed a huge chunk of its value and that this is the reason for the dip.
Maybe they are able to bypass the rules, but it doesn't seem right.
Believe whatever but I listen to facts
the other 2 suck into infinity
Let us put it this way; If a company on the stock-exchange (S) lends money or transfer assets to a private company (T) and agree on that private company to distribute shares (worth 4 times the market cap) instead of repaying its debt - why on earth should it be allowed to surpass the rules of dividends? It doesn't sound right - the distribution is significant to the shareholders of S! It is something different if the shares ended up in S, but when they are distributed to the shareholders (hence leaves the company!) it has to be treated as a dividend.
In my opinion that is, I'm not an expert on dividends, the FINRA-rules or similar