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21,500 share is bidding at 3.10.
How do you know? These guys are unpredictable.
More importantly, SIAF paid back 16 million to ECAB, which shows SIAF indeed makes a lot of money. Money does not lie.
NO, their short interest went down as well.
http://shortsqueeze.com/?symbol=pme&submit=Short+Quote%E2%84%A2
Short Percent of Float for it is only 1.72 %.
It seems that they are going to be late on Q1 report. Normally, they file immediately after market closes.
Snow, it seems to me that there is no support at all except RD's dream.
I remember, maybe four years ago, Solomon even boosted in one cc that, historially, 40 cents per share is the bottom. now, it is 30% below that.
how low will it go?
They took the shares off the ask.
here comes the 2's
CLNT:
CEO sold shares to an institional investor @2.33 per sharr, the pps went up to 6.55 for now.
Maybe Solomon should sell his shares.
When I bought at ask, 90% of the time, I got something like the following:
3.35 500
3.3499 500
I think they were the same transaction.
For your case, I do not know how to interpret.
The total volume from April 1st to April 13th was 672.7k. Short interest went up 84,823. Considering that the volume was often doubled (that was what I experienced why I bought/sold), the true volume is 350k. So 1 out of 4 shares was short.
Dan said the interest is pretty strong for TRW PreIPO, you would imagine that they would love to buy SIAF at this price. Nope, no interest whatsoever.
care to share with us publicly?
8 million plus interest.
They shorted some 80k more shares in April. We can look it this way, maybe retailers are not willing to sell, so they have to short even more.
another wave of selling is coming. never ends, unreal to see.
VNDM is selling. does not look good.
It's getting more and more interesting. Did NS talk about Solomon as well? What is his impression of Solomon?
from his pockets
Do any of you know how many shares Banro is going to have afterwards? Thanks.
why did CEO and other insiders unload a lit in the last few minths?
RD, are you concerned that we are still testing after one year? I am somewhat worried.
From Tony
"We can depurate fish at a much higher density than normal because you don’t feed them much over this period by design. Tilapia can be raised at densities as high as 50 kg/cubic meter with intensive feeding. During depuration we can hold them closer to 100 kg/cubic meter, but let’s estimate, conservatively, 75 kg/cubic meter.
We have about 5,000 cubic meter of rearing space at AF1. So each cycle (month), we can yield about 375,000 kg (375 MT). If we turnover animals 12 times a year, that’s 4,500 MT, almost 4 times the current capacity, conservatively. "
The price mark up per kilo is up to 6RMB according to the cc.
They'd better not handle it that way. Triway shares are not trad-able, so many of us may not be able to come up with money to pay for the tax.
http://sinoagrofood.investorroom.com/FY2016CC
Prepared remarks for the CC
Haha, you made my day.
Another positive thing is FD's share (if he converts at all) will not be dilutive. Dan said they have to convert before they are entitled to the dividend shares. No wonder FD wanted his money back.
Secondly, collateral shares are not entitled to dividend shares either, according to Dan. I am not sure how they can differentiate collateral shares to non-collateral shares though. I think there are two batches of collateral shares. One batch is 750k, the other is more than 1 million.
So overall, one might get .85 to .9 Triway share per SIAF share.
RD, solomon also mentioned that there are 6000mu ponds which need open door ras, solomon said 20mu is one unit. is one unit the same as one module?
there is some license fee from these ponds.
It was a miscommunication. farm 1,siaf owned 24.3million, the license fee from aq4 and aq5 is 100million. totally, 124.3million. that is how siaf ended up with 36.6% of triway.
Now, on license fees including the 144 ATMs and 864 APM of Aquafarm 4 and 5 respectively have been paid for that was calculated among the asset being acquired by Tri-Way when the farm were being acquired.
https://seekingalpha.com/article/4061173-sino-agro-foods-siaf-solomon-lee-q4-2016-results-earnings-call-transcript?part=single
It seems that you wrte wrong. no pr so far.
On August 15, 2016, the acquisition agreement was executed by TRW for acquiring the other 25% equity in JFD which was a Sino Foreign Joint Venture Co. that TRW had 100% equity interest with effect on October 5, 2016. Upon the acquisitions of 3 additional prawn farms assets at fair value of US$238.32 million from respective third parties and the master technology license at fair value of US$30 million from Capital Award, Inc. by JFD, and the consideration of the above acquisitions were planned to be settled by the new issue shares of 99,990,000 TRW shares at $3.41 amounting to $340.53 million on or before March 31, 2017. As a result, SIAF’s equity interest in TRW was diluted from 100% to 23.89% with effective on October 5, 2016. The above transactions leaded the Company loss of control over TRW group, the Company’s investments in TRW and JFD were reclassified from a subsidiary to investments in unconsolidated equity investees as of October 5, 2016. The dilution of the Company’s investments in TRW group constituted a deemed disposal of the subsidiaries. The deemed gain on disposal of $56,947,005 was recorded in the consolidated statement of profit and loss account of the Company for the year ended December 31, 2016. On October 1, 2016, SIAF took all assets and liabilities of TRW and JFD except plant and equipment - fish farm.
r u sure?
I think that includes Tri-Way. It explains why the pps steadily goes down. Judging from the greediness of FD, SIAF may not be able to sell any pre-IPO at all.
Could someone ask the following question: if TriWay sells pre-IPO shares, does ECAB has the first right of refusal?
Most of the buying and selling must be fake. It is hard to know their true intention.
Could the new lender might prevent SIAF from doing that?
Explain the following: Solomon needs money badly to move the MegaFarm ahead, yet the biggest stakeholder was paid back for his convertible loan. more than $16 million in one year, that is a lot of money.
I believe so. Otherwise, how could you explain what you saw?
I think the reason Solomon broke up with FD was because FD wanted to buy Pro-IPO shares at very low price.
FD filed his SG13 form on April 1st, 2016. It still showed that he had nearly all the money unpaid back. The reason he filed then was he found out either Solomon or the Chinese partners did not agree to his terms. He filed the form and then began to manipulate the shares. Then he began to press the company by demanding money back. Thinking this way, if he gets $9.9 back, he can buy 3 shares from the open market.