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Bottom of page 52, it was said last year 20 million shares were issued to chinese for bonus payments and compensations, which were exempt from registration. Lol
He is covering his ass.
Check out page 20, 21. MF is a complete failure. Lol.
He needs to print trillions more shares.
Solomon is printing again. That is why he appointed a new board member to show some signs of breath.
Delisting from Merkur.
Ok, they probably still have 22.5 million for repurchase.
New to this stock.
How much of the $50 million has been spent repurchasing the stock?
Why did you say theCEO needs expo.ential high pps yo make money?
Thanks.
Every 10q, towards the end, in one of the notes.
It is there in 10q, 15 million for shares @ 3 dollar per share, 15 million for money. Totally, 30 million.
Snow, Solomon said he paid something back, like 16 million in 2016. However, the renogotiated deal in 2017 says SIAF still own 30 plus million to ECAB. The math does not work here.
I dont think so. They had a statement to Merkur saying the shares were issued for professional services rendered.
So most likely, ECAB forced them to cancelled that.
Then what do you think they will do?
Solomon might refuse to pay them back. If thst hapens, what can they fo? Solomon is in China, the assets are in China as well.
A few days, it will be sub penny at this pace.
I feel the same.
49,866,174
I have a guess, the 300,000 shares were given to lawyers, who prepared a 200-page MOU for the Angola thing. Solomon will make big money out of it.
He is also a liar.
The best longs can hope is that Solomon can sell nonaqua assets. Maybe that is why ECAB did what they did.
ECAB turns to be the angel this yime, one can hpoe.
That would be good for all of us.
Interesting thought indeed.
Ironically, had Garrett not revised his conversions, this would not have happend.
Either way, if you have shares, dont sell. It is their intention to take control, but probably it probably wont go that smooth.
When I talked to Solomon in May, he badically said FD is behind all the trouble. He did not mention the name, but I think he cleatly referred to ECAB. THEN I asked about what if convertible loan owners want to damage and take control of the company, he said Garrett wont. Then be said, I will not let them succeed. He was really mad when he talked about that person.
Nefariouswu, how did that happen? Why did you own IRSthat much? Care to share?
It could be an orchestrated move by ECAB and Solomon altogether to wipe out ordinary shareholders.
Game over for all involved.
TRW was the one pr'ing the dividend shares and TRW was the one cancelking the distribution,. TRW is responsible for the loss incurred.
Sue TRW, do not let the theives stealing your TRW shares.
Snow, the listing in HK is only meaningful to you if you can get any TRW shares. If you do not sue, they will take every single share. Depressed SIAF shares are just the bridges, the targets are TRW shares. TRW shares are what they are after.
Snow, shareholders need to sue TRW in HK and let the authority in HK to freeze 18.3% TRW shares, so that they wont be taken by ECAB alone.
Snow, your interest had been wiped out already by Solomon and FD. They are going to take everything if shareholders dont file a lawsuit against them in HK.
Not only on Merkur, but also on OTC. After all, TRW wants to list in HK. The lawsuit will drag its listing effort down.
What peole should do here is to sue TRW in Hong Kong, since it is TRW which owns the people debt, and TRW fooled some to buy into the hype.
Remember, TRW is a HK entity.
It's time for the big guys to reap what common shareholders have sowed for years, that's what it is.
Several years later, when it's listed in HK, it will worth big bucks, but only for those who own TRW shares.
Actually, it might be worse than ordinary shares. I think Redbull is right saying that ECAB can take the whole thing free for now, if they want.
They don't have money to pay, those are just excuses.
It would be interesting to see how Garrett feels about this cancellation.
How much did he put into this company? Ten million at least.
I agree with you, I think ECAB's debt will become preferred, common shareholders will live under the mercy of them, which they don't have.
In today's remark, Solomon said that he is seeking long term preferred equity.
Remember what Dan said in cc Q2? ECAB won't lose, Solomon won't lose, Garrett won't lose in the end. Considering the cash flow situation, someone has to pay, who can be that someone? Common shareholders.
Preferred shares will be issued in 2019, TRW shares will be distributed to them, regular common shareholders will get minimal amount of dividend shares, that is what longs hate to see.
ECAB as well.
ECAB is behind the entire show since 2015. They demanded back 16 million in 2016. IMO, they were also the one behind the fake move of TRW dividend shares. Garrett might be the one behind the cash dividend pr, but at the very beginning, ECAB knew this would not happen, if their money is not paid back first.
Have you visited the facility yet? Big fish?
Those guys knew this long time ago. Only little guys got screwed.