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So it was the comments about the collaterals that they promised.Ok.
Thought it would be an answer about a wider variety of issues.
Solomon Lie has two more days before he brakes another promise.Answer Fredly’s accusations before the 10-K.
The reviews to that article are interesting:
I'm not optimistic about feeding squid.
Can you study and can you build a factory?(Does he mean first make sure you have the knowledge and correct method in place and then build farms?)
I don’t know if I can invest(If he means he wants to buy shares in SIAF then the company must see how it can better promote the stock in China.That is why PME have a Chinese Investor Relations firm and we have KCSA!)
A dual listing that has led to a low of 32c and over 33M O/S, I wouldn’t call it a disaster if it was terminated.
A disaster is if Solomon is trapped now with Merkur and would be very difficult and inconvenient to consider delisting from there in favour of better options such as a single listing on NYSE or NASDAQ.
Unless we see in the 10-K and in the Q1 report in May that the receivables are going down as expected investing in this company should no longer be about earnings.
We need either cash sales or sales on credit that are guaranteed.
Earnings from the MegaFarm partners have already become conditional.Hope we don’t see something similar or even worse with the rest of the receivables.
If a company with $200M in receivables with diminishing sales big time, cannot have a few million in cash at the moment and needs to issue shares, and if the situation continues into 2019-20 then you think FD is responsible for this mess?
Could I say it more clearly?Don’t think so.And I wrote about this many times in the past year.
It is called divide and conquer(British invention used in India,Cyprus and many other of their ex-colonies).
Many shareholders in Norway that were not planning to sell, doing so just because they were seeing that the price in America was moving lower.
I agree with Black completely and I had warned the company that without supporting the share price it would be totally destroyed.
It had become obvious very early that OTC was affecting Merkur negatively.This in the end let to a faster fall in share price, leading to more collateral top-ups issued and dumped in the more easy to manipulate and of reduced resistant OTC, creating a vicious circle leading in the end to Solomon issuing about 5M shares for whatever reason when perhaps 1M would be enough if the share price had not gone down so much so quickly.
CEHD could be huge this year, unless its CEO doesn’t carry on with his current plans for merger and Nasdaq.
These 15-15D companies you can have for 1c like this one for a couple of years before news broke out.
But how could you know.
Like when I asked if they knew when the AGM would take place.Never got a reply.
I guess they are very happy to have a company with very satisfactory volumes on this new exchange of theirs even if it does not follow the rules 100%.
Because it means he had plans to buy as CEHD but went and bought it behind our backs with our money.
That sounds much better.So let’s hope he will be fair and generous with us.
Unlucky then for us who had shares in CEHD, that the merger didn’t happen at that time before fkgou had grown so much.
So you are sure that at the moment CEHD and Mr Hailong Liu have no % ownership in fkgou?
Silex looks like they have just completed a new project.Though it is not absolutely clear from the post, that it is so.
https://www.facebook.com/SilexInteriorsOfficial/
You are right of course.I’m sure there was an increase in the O/S from 30Sep2017 till the CC but they told us nothing about the reason.
Since then I asked Peter and KCSA why the O/S keeps going up but received no reply.And I think many others have tried but have not managed to get an answer either.
The problem is that today’s announcement confirms that there have been no top-ups for many months now.
Many of the shares hitting the market we thought were top-ups which would be an acceptable event, but they weren’t.Of course issuing new shares to pay back the loans to avoid more top-ups is the same thing, but that is not the way you would expect to be done with falling sales and $200M in receivables.
Basically the danger for new increases in the O/S remains.
Incentives that are sold as soon as they are given?Without any time restrictions?Not very clever on behalf of the company if issued for that reason.
Hopefully all the new shares lately issue,will be addressed by the company as well.
Ok.According to this post it was unavailable.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139754445
Does anybody have the previous restricted number of shares?
The current is 77,442,631.
They had filed in the summer of 2015 that they no longer planned to acquire fkgou.
That means that in the end they went ahead and bought it.
That explains the recent modest interest in the shares.
May I ask how you found about this development and plans of the CEO?
Of course he is in a position to dilute current shareholders of CEHD completely, but at least there is hope.
Did Fredly mention the shares issued lately, thus we are expecting an explanation as promised before the 10-K?
They were posting on Facebook and Instagram finished Silex projects.In 2018 they have posted just one.So I am not so optimistic about the Silex business which of course can be like that seasonal and not consistent.
Iosoft is the important news we are expecting to see what kind of start they made and what can be expected from them.
It looked like Ron at SWRM was just talk.Looking like he is about to deliver there even after some delay will surely help RJDG.
https://finance.yahoo.com/news/lastmile-delivery-platform-enable-smbs-113000311.html
Empty, you seem to have finally established some contacts in the company.You sound much more optimistic lately that things are moving.
The difference is that those are not issuing any new shares to have a reason to keep reporting.
Why they keep reporting nobody knows.
Solomon has managed to get millions because he was listed, reporting on time and having CC’s a non-requirement for OTC companies.He has missed an AGM but that’s it.
Now he must be feeling a bit trapped without the loan.Cause the stock market has told him,No more money from us.He finally has to prove how truthful were all those profits and also keep his promises if he is going to get any more money from the markets.
Could be the first and last ever bankruptcy with $350M in current assets for a few million loan!
With the stock market door for getting easy money more or less now closed and in case he cannot get the big loan Solomon will be forced to reconsider the way he has been doing business.
Even if all the receivables are safe you must have unlimited amount of funding if you want to keep growing by selling only on credit.
So he has to start reducing production in order to see how much of the receivables can be collected.
Then start increasing production again and aim for as much selling by cash as possible, otherwise limit the growth this time to as much as his resources allow and limit the non-guaranteed credit too.
Talking about the new O/S of course: 32,672,485
We need some news quite fast if this increase continues.
When you have 260,000 new shares....
So hard to understand the almost complete lack of urgency to communicate about anything that is happening with the company.
Because they shut-up about bad developments such as the increase in O/S they necessarily prefer to keep quiet about such events too.
Close to record volume.If most is not fake, hopefully whoever is buying knows something the rest of us are kept in the dark about.
Still waiting to see if they are able to start collecting the receivables and what % of those will turn into bad debt to have a clearer picture of what this company's real value is.
Even if this ends quite well with most of the promises fulfilled but with many more shares outstanding and heavy dilution, there should be a lawsuit nevertheless against Solomon and the company.
You are supposed to be an investor and not a heavy gambler averaging down forever without information of what is happening.
But that is something to worry about later.
Do they still claim that these are top-up shares for the collaterals?
I think with their filings in Norway they are accepting that the shares lately are for not that purpose.
March 16, 2018. Sino Agro Food Inc. reports that it issued an aggregate of 457,190 shares of common stock. The new shares have been validly issued and are fully paid up. As a result, there are now 32,251,429 shares of common stock issued and outstanding.
The big question with everyone from the company absent to give an explanation why they keep issuing all these shares, is who is still buying the shares and why the drop in shareprice has not been more dramatic.
Another big increase in the O/S.
Now at 32,251,429.The situation is getting very serious indeed.
There is nobody from the company available to give an explanation?
Insta, any luck trying to talk with Ron?
So after she said it was working flawlessly there was a problem that required an upgrade?
Is she happy now?
Also can I ask you if you invested because she knew about Iosoft or is it just a coincidence?