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Snow: Taxes are paid in the country where the profits are earned. SIAF is headquartered in the US.
Additional taxes are paid only if you want to bring this money back to the US resulting in
paying taxes in the us equal to the difference between the US tax rate and the rate paid in the
country the money was earned. It is going to be interesting to see what the tax rate is on our
dividend received this year.
emptyone: bought more shares at 8.63. If it goes down much more, I will be buying more. Have been buying since 2009, never selling. I still believe this is the opportunity of a lifetime.
Thank you Carog. It is very much appreciated.
Viking86: agree with you 100%. I don't want SIAF to be bought out or taken private. That is why it never bothered me that Solomon had a majority of the voting stock because i never thought he would accept either one.
CGA up 11.85% to $2.36. Volume is 910K. I wonder why?
NapCab: I've bet quite a bit of money that won't happen.
Nuketheshorts: Thank you.
NewJerichoMan: Thank you.
F Shares and Fidelity: Sure did sound familiar. Thank you again for your efforts. I very much appreciate it.
Fidelity and F shares: Thank you Melehuna, Lucky, and all the others. I appreciate it.
Fidelity and the F shares: Peter called me at approximately 7:30 PM CDT and unfortunately I wasn't home.He indicated he has talked to Fidelity and they are supposed to be talking to Rodridge and getting a better understanding of our entitlements. As he stated, other brokerage firms have had shares transferred without any problems. He is hoping this dividend distribution will come off without too many hitches come May 30. He indicated any additional pressure on customer service may be helpful. Then time ran out on the recorded message. I would call customer service again and will if this does not get resolved but I am 83 years old and my hearing is not what it should be and do not have a hearing aid , therefore it is a bit of a problem. The reason I do not have a hearing aid is all my golfing friends have a $3000 aid and no one wears them. That is more or less unrelated to the problem but it appears Fidelity can not solve the problem when all other brokerage firms have. As the younger people say: "Fidelity sucks".
Fidelity and F shares: Just finished talking to Fidelity representatives for approximately 1.5 hours and they were trying to tell me that since I have no F shares listed in my account I would be receiving no dividend. Another representative tried to tell me that the F shares were only for preferred shares and I have common stock only. I tried to convince them to call Peter in IR but to no avail. I am so irritated with Fidelity and expressed my feelings to them in no uncertain terms because they should be more active in solving this problem. I have a call into Peter and hopefully when he returns my call this problem can get straightened out.
Sly: This is really hard to believe since you participated in the tours, had a very good knowledge of the operation of the company, personally knew Solomon, etc. Why?
great posts Handlamera! I agree with you 100%.
hugeholstein: purchased about the same time you did - October 2009 and every year since. Never sold a share and don't intend to until multiples of the current price, maybe 7 and then sell a little. Provided, of course, nothing unexpected happens with regard to the development of the company.
" It's not a cause for panic" last sentence in article.
WSJ article on VIE's: In yesterday's WSJ this article on VIE's. Google "new Chinese law poses growing threat to foreign investors"
Carog: great post, my position exactly. I feel Solomon has done a very competent job on the operational side of the business. As far as getting the information out regarding the value of SIAF, this has been definitely lacking. But as you so aptly stated, this should be the easy part and it does appear that this area is being recognized as flawed and is being attended to by competent outside personnel. Once individuals and/or institutions see the fundamentals, potential, and transparency of this company the sky will be the limit as far as the price is concerned imo. This is the most transparent stock I have ever owned and I feel this is so important considering it is a Chinese stock.
Emptyone: great post! exactly the way I feel. It appears to me that every time RD sells some SIAF he
bad mouths the company and Solomon. I wonder why. Although I have to admit he does
get on Solomon at other times also. RD, however provides such
valuable information in his posts, it is easy to overlook his idiosyncrasies. Stolpen,
on the other hand, is the most negative poster on this message board. As you so aptly
stated, why anyone who feels this way about the CEO would own this stock, is beyond me.
Maybe he is shorting the stock.
viking86: My position exactly.
stolpen: First of all , I think it would not be so easy to get a 10% return on rather safe corporate bonds
in 2009. Secondly, all of my assets will go to my children, not my grand children, who I doubt very much would liquidate them as soon as possible. The reason I mentioned their positions in my previous post was to give you an indication that they are financially in quite good shape. My children know my position on SIAF and i believe ultimately that the returns will be unbelievable. Some really bad things can happen to any stock but I watch this one very closely. I enjoy this message board especially because it has some of the most knowledge investors i've ever seen on any message board.
I think SIAF is in the right business, particularly in China. Like Jimmy Rodgers says "agriculture is the place to be."
Stolpen: No, I don't worry about the children or grand children financially. My daughter is a senior vice president at a major corporation, my son started his own company and is doing extremely well, and my other daughter is also doing very well. I have invested in the market for many years and as long as I have based my stock purchases on fundamentals I have done quite well. It is when i purchased stock based on high technology alone that I have done poorly.
slyestjester: I have 110,000 shares and I have not sold any and don't intend to as long as the fundementals look so good. I started buying in October 2009 and my first purchase was 2000 shares at 0.95. i have continued buying every year. the basis of these shares is now 0.54. I think this is the opportunity of a lifetime. I should be the one that is impatient, I am 83 years old.
77383; Having a tough day today.
repatriation of corporate income: in post 7383, i should have stated " A US headquartered corporation must pay taxes on income earned outside the US __when repatriated. I thought it was inferred when comparing it to the previous sentence. I definitely should have added __when repatriated .
Corporate Taxes: 1. google - Corporate Taxes on Foreign Income
2. "How Much Do US Multinational Corporations Pay in Foreign Taxes?"
3 "Key Findings"
"The United States worldwide system of corporate taxation requires
multinational corporations to pay taxes twice, first to the foreign country
in which they do business and then to the IRS after they repatriate
their profits"
Dividends: I agree with you that money used to pay dividends in the US will be taxed at the corporate level provided you are not headquartered outside the US for tax purposes.This is what the current tax inversion is all about. In other words, a US corporation headquartered outside the US can bring income earned outside the US, for investment, dividends, etc w/o paying taxes on it. A US headquartered corporation must pay taxes on income earned outside the US. The taxes are based on the difference between the US tax rate and the taxes paid in the country where the income was earned. I have read this in the Wall Street Journal many times.
"Well this is not a growth company anymore... 14 cents EPS, lol. So much for the hugh growth hype 5-year plan. Definitely on target.
If you don't believe this is a growth company you don't belong in the stock market. We all know why there has been no growth in EPS. This has been discussed ad nauseam on this message board. SIAF is still a young developing company at an unbelievable growth rate. I just can't believe how upset some shareholders become at some minor setbacks, one weather related. I have been buying this stock continuously since 2009, have never sold a share and if the company keeps progressing in the manner it has been, will not sell a share until the stock price is many multiples higher than it is now.
not "massage" message
Viking86: my position exactly
emptyone: I am not so sure the majority of stockholders would approve of removing Solomon's control. I think the majority of long term stockholders feel as I do, that he has done an excellent job in the formation of this company. We all regret the method of financing and one would think their would have been other methods available. On the other hand maybe this was his only one, I don't know.
I do believe progress is being made in this area and within a year this will be resolved.
finvestor: Great post! I believe the majority of shareholders are in complete agreement with your position.
EagleCheck: totally agree with what you are saying.
Joe Natural--there is plenty of negativity and doubt on this board without your incessant and ridiculous "chiscam" BS. You contribute zero to the discussion.
Ritchey, I thought, did a very good job of answering the questions directed at him.
great post randall: I agree with you 100 %.
Andrew26 what i don't understand is why you own shares in this company if this is the way you feel.
Fat Tony: great post: we need a little humor on this message board.
"
Well I suppose it could be worse, I could be a citizen of Ukraine on vacation in Venezuela."
siaf status: no, I didn't put all my money in this stock but I realize and understand you are in somewhat of a pressing position. I also believe that siaf is in a really difficult position with regard to funding, Nasdaq status, dividend payment, mega farm finalization(hopefully) etc. bets could be made that within six months and most likely much less this picture will change completely. I don' t believe this is a matter of whether the company will be a success or not and be reflected in the stock price, but rather when. solomon in my opinion has done a tremendous job building this company but needs a considerable amount of help when dealing with dilution, shareholder concerns, etc. hopefully this will change with the addition of a CFO.
RD, you have been a tremendous asset to this message board with your technical analysis of this company. all of us shareholders, i am sure, appreciate your time and effort and thank you. now, if we can show a little more patience for the next few months i hope and believe we will be rewarded. i know this sounds old but i really believe the next couple months is going to be so critical.
solomon resigns: If solomon should resign, 98% of the shareholders would sell all their shares.