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Emptyone, from what I heard, Solomon did not have control last year, and hence his advice was completely ignored. A year was basically wasted because of that. The previous sentence was precisely what I was told.
Now, SIAF has exercised its 36.6% and somewhat gained the driving seat. I think that was what Tony implied in the cc.
I think we need to give Solomon some credits, we simply do not know what was really going on.
I always believed that he intended to reward shareholers. Maybe I will end up being the one fooled. Maybe not. Time will tell.
Snow, I agree with you. I think the success of Pre-IPO is the most important thing.
So you pushed it up to $2.36. Bravo!
I think Hyperboy's group is dumping their shares...
Emptyone, Peter does not know anything. KCSA won't reply emails. So there is no use. I think this time it will go under $2 for sure. Not much we can do.
well, eventually, it is ok. now, hard to say
That is probably the key reason. The Chinese partners are not cooperating. I got to know that Megafarm did not grow any shrimps last year simply because the Chinese partners did not follow Solomon's advice. I quota what I heard, they basically treated AF4 as a concrete pond, and they grew finfish which they are used to grow.
That changed recently due to 36.6% being exercised by SIAF. That was why Tony said he was given full charge to manage AF4 by Solomon in the last cc.
Emptyone, do you have Dan's email address?
I really do not have the stomach for it. SOfar, I lost huge amount of money on this damn thing.
They announced a loan a year ago, still nothing. How can anyone trust them?
Are you buying?
We really need some cheerleaders.
what about vips? VIPS shot up from $5 to $300 in less than 2 years.
Is your friend Hyperboy doing ok these days?
I think you are right in saying that. I sent an email to Peter, asking him to clarify why 16 milliin was paid back last year, considering that the company needs money so badly. I did not get any response. Then I called him the day before yesterday, he said he is going to ask in the cc, nope. I think they sanatized the questions.
I still think FD is one of the forces behind the free fall of the share price. He is an non_insider insider. He has access to all the financials. Probably, he demanded too much. In Q1 cc, when Dan mentioned the Euro Capital deal, his tone was quite negative.
I think I heard Dan said as far as loan is concerned, we could even have that as of today. Did any of you hear the same thing?
I also heard that, I thought it sounded like FCC, I was wondering what was that.
Tony also said he is now in charge of what to grow in AF4 and he will switch back to the original plan of phased growth of prawns. He certainly implied some power struggle between SIAF and the current management team of Triway. Interesting!
Total number of shares: nearly 24 million.
Total number of collateral shares: 4.7 million.
projected PE ratio is 10 to 12 by DBS.
Another thing, Nisse is not present in the call. Maybe he is also fed up.
DidTony mention that this year the aqua production from Triway only goes up 15%? Did any of you also hear that?
The price action tomorrow will be bad. I don't think the company has anything new. Too sad that they waited four weeks for the cc and yet they have nothing new to tell us.
pleasr share with us, if you have any. I doubt Solomon has anything new for us.
Emptyone, have you heard anything back from any of them?
The shares could bs from Hyperboy's group. I wonder how he is doing nowadays. He mentioned some of his group members have more 100k shares. That is tough to hold.
Geez, how many shares did you sell? care to share?
It seems that the company has nothing new to tell us before the cc, too bad. I was hoping that they have something for us. But apparently, I am wrong.
PPS will slide even more.
Emptyone, are you sure new management will be better than Solomon? I mean it's probably a native Chinese, who comes from mainland, who does speak English, and who does not care at all about shareholders.
I am not saying I like Solomon. The more I think about it, the more pessimistic I am. I wish I had thought about this long time ago.
The thing I am hoping is that some Pre-IPO investors are from western world, and they will have board memberships.
Porbably, SIAF does not have a future for our long time share holders. Sad.
I don't think Solomon will reply. However, I still think everyone should send an email to him.
Does anyone know Dan's email address?
RD, I urge you send to all the people as you could.
Emptyone, he will not probably even read . I sent two, no response at all.
I think one fundamental problem is that not many investors have SIAF. For those who do have, they are saturated already, and there is no new buyers. So any sblling can push the price down significantly.
Again, as I said the other day, I think MegaFarm must have run into some problems raising prawns.
what is the closing pps at Merkur? anyone knows?
Hyperboy said some of his group members has more than 100,000 shares, I wonder whether he told the truth. It must be his group selling. What about Garrette?
RD, it sounds like you are quite certain that they are going to file something next week. what if they donot and Solomon reschedules the cc.
I think what holds everything back is that they are not able to grow prawns successfully as they have thought in the megafarm. That is a shame, I thought that is what the demofarm was for. I did not understand what was going on, asked Tony, he replied, but he did not indicate that they have solved the problem yet.
Solomon will not lose anything, quite on the contrary, he will gain everything we lse. I wonder how is HyperBoy doing nowadays? Does he need a bodyguard?
It is not possible to understand chinese microcaps. SORL got a going-private offer @ 2.72 last year, then CEO retracted the offer, pps went down to around 1.60. Now , it is over 9 dollars per share.
the total volume from may 1st to 15th is 473,300.
What about Marine Harvest? One can always dream.
https://finance.yahoo.com/quote/MHG.OL?ltr=1
Another change of plan is coming:
The carve-out of aquaculture operations into Tri-Way Industries Inc. Ltd. provides the blueprint for bringing operations with a proven track record and credible projections onto the Hong Kong exchange or a main China exchange, with markers imputing increasing value along the way.