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I can promise that some people will sell. I’m guessing down to fill the gap
Whoopsi Daisy
Bullish signs if it pass 28 cents
Much higher volume than I expected these two last days..
Things might be looking a bit better, we’ll see if it’s just a show or if they’re breaking 25 cent.
Fun facts
I did 106 transactions last year in Siaf, +11% median transaction, trades: 104in profit, 2 losses (20usd & 15usd including transaction fees), made 147% in total return counted from the biggest placed bet in Siaf during 2018.
It would have been much more return, if I would have re-used the profits from the trading but that’s usually when you turn up loosing in the end.
https://invst.ly/a0r6d
I gave it a second look, OBV looks better at least. So if their not selling shares soon again for their employees it might look better, but as I said the gaps are usually there to fill, especially in this stock
I put down how it usually trades after an upswing, it's been trading in the same pattern for the past 3 years, but it might be a bit different now since we don't have the systematic dumping. It went down more the last time than it usually does as well.
I don't hate it fundamentally, I just think that the CEO is the crappiest company leader in the history and that ECAB has Solomon by his ba**s.
It's more of a lottery ticket at the moment, but they have shown that they can make good money before. They just need to stick to the old plan and stop capex as they said they would a couple of years ago and not come up with more experiments that will cost the company another 25 million shares or risk it even closer into bankruptcy.
Gaps have always been filled in the past so I don't expect it to be any different this time, however, I wouldn't be surprised if it would go up to 50 cents or file bankruptcy within the next 6 months.
Siaf also has 3 times as many shares now. + more promissory notes outstanding which could probably double that share count again
After several 100% it’s nothing weird with a 30% retraction, Amazon and google looks pretty good chart wise..
Compare it to Siaf’s share price
Well what would happen to trw if Siaf defaults?
I believe they’re past getting normal loans at least until the have paid back the existing loans. I would reach out to every VC’s out there in order to handle ECABs loan and stop the dilution.
Hard to know what their intentions are at this point, they’re in a really bad situation too. They have $25M in a $8M company. Do you know how much money they’ve been receiving so far?
I know that he’s been called the corporate raider by the management, but FD needs someone taking care of the company, I guess Peter Rosta could help, but I doubt they will “pay” any $3 bucks a share. I think they sent out this letter of default so they are able to put them in bankruptcy or renegotiate the deal, they have a good setup for either make Solomon unemployed or defaulting his company.
As long as a Solomon raise money through these promissory notes he’s diluting ECABs chance of getting refunded if they would put the company in bankruptcy.
You will also have to consider that Siaf can default anytime, and the history of achievements is quite weak
It also says 2015
I agree something is way off, they raised 2-3 times the market cap last year in dilution plus the money from the Chicago guy. (Btw was this the loan Solomon was talking about) How couldn’t they have afford to pay the dividend. It’s trading at a world record low for a reason. They didn’t even pay ECAB off, Solomon can’t run a company, the money is gone before he even got em on his account.
Was it 326 000 dollar worth of shares in March for Solomon. So can we count on 1,5-2 million shares for Solomon alone?
I wonder what the new A/S will be
I think this was a common equity raise, where they get a discount on shares in order to buy in bulk. It's very common, the share price was 26-27 cents at the time. (end of September)
It might have been better than dumping at least. I don't remember when they didn't dump shares after raising the O/S though. They also need to hold their shares for a while, usually 6 months before they can sell any shares.
I got an offer to buy shares in another otc stock last week, with 25% discount.
We should have seen this on merkur.. so it's a bit weird.
Me neither, it sounded like Solomon was sure to get them at the conference call and the size was something they could have pulled off at the time.
Now it feels almost impossible for them to get even a credit card.
At least we haven't seen heavy dilution, so he might transfer all the profit from TRW at the time in order to survive the next Q.
The gap is now closed, and there are gaps to be filled on the downside instead.
https://invst.ly/9okrj
Yeah Nisse have lost more than $2.5M. He could have bought half the company for that today
preferred shares or Solomon has been canceled some of his worthless stock again?
ECAB is in a bad position now too, I don’t think they planned to likvidate the company, get a lot of shares yes maybe, but I don’t think Fredrik has any interests in taking over a company in China. And to likvidate the company will take a lot of time and money.
Well, I think they have had enough of Solly. They either take control over the company and dilute 100% more or they will liquidate it. What would you do, as a financial institution, in Sweden? This clown gave away half of the company this year by diluting 20M shares for what? $14M? And where did that money go if they didn’t pay back on their loans? $800m in assets, is just pure BS, the numbers are inflated by a lot, I think the lenders may get back their money but the shareholders are screwed. This will drag out over several years.
I bet ECAB has found a buyer for some of the facilities already and think it’s time to put this clown down before he destroys even more value. And I totally agree.
I wonder where all the money went from all the issued shares over the past year.
We'll see, this will be interesting. Hopefully, there will some something left for the shareholders in the end.
It will be interesting to see if someone buys a larger amount of shares now in a short time or if there won't be any buyers around. Anyway, I don't think Solomon will stay around in the company for much longer.
I mean, if they would be able to sell things for 30%, why haven't they sold sjap yet, instead they're putting in more money to it, these idiots
Siaf has the land rights, but the government owns everything in china
Try to sell those. It will not be worth $620M when they're done.
What's the total of all loans again? I doubt there will be anything left for shareholders after all the lenders taking their assets if they're filing for bankruptcy.
https://invst.ly/9k640
Soon 6 cents, it's a real shame for all the shareholders
Yeah, basically what I said a few days ago. This is when ECAB takes it all for free
17 bucks to 12 cents, I hope Solomon is proud over his years of being the supreme leader, SJAP $1 billion valuation in 2018?
I've been trying to tell you guys, this is the ultimate house of pain and should only be traded until we're seeing a legit improvement in cash flow with a CEO who won't be spending capital as it was his last day on earth.
Solly, you really deserve your bonus shares in Q1... It's going to be like 2.5 million shares for him only, since it's now based on the share price, so either way, they need to raise the A/S.
They would also defend Trw, at this moment I can’t understand how they would be able to sell shares for $3.40 when you just can be buying Siaf shares. They could offer Solomon shares and money for the A-shares. He’s the one running the show over there anyway.
Something that’s astonishing is how the TRW partners don’t join forces and buy Siaf for let’s say $20M which is double the price. They can take over the loans, and pay half off. Then they get everything they need, trading facilities, IP’s, 36% of the farm etc. something smells bad. Why would they not buy shares at this price? Without even counting the future gains it would be like buying 150M for 20M+15M.
If they’re having a legitimate business then they should get a loan for this if they don’t have the money.
Yeah, No way Garrett said no to the dividend, they simply don’t have the money.
I think Solomon was trying to give out the dividend through TRW so they’re not getting taxed on it, but he wasn’t able to.
So I would be very surprised if we’re seeing the TRW dividend in the next year.
Garrett has been our angel and offered help when siaf most needed it, how many more million would they've been issuing otherwise, he has only good intentions. ECAB, on the other hand, does not. They just want to make money like most of us who's been investing here.
Solomon has been running this company into the ground, we have him and only him to thank for this.
Just don't count on any good news in the next 6 months, the cash flow isn't where it should be, at least not yet.
I think the whole pm was just pure BS. If they had the money they would for sure pay, instead they opened up for more dilution. And after discussing it with the board of directors = himself, I don't think any shareholder would say no to something that could support the share price at this stage.
haha, maybe not, but it happens that it's pretty accurate, you can look it up in the filings if you're interested. RD might remember since he reads these for more than 30 minutes.
I don't know, but I think Merkur is fed up with this nonsense, the same goes for a lot of shareholders. I think we'll soon hit 15 cents. And the limitation of diluting the company more at this stage with this share price could be dangerous for a man like Solly. I wouldn't be surprised if ECAB would pull the plug in one way or another.