Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Where is the cash dividend announcement?!
But why would you want to sue them after they deliver?
They did say they expected to be cash-flow positive med/late Q4, and Solomon would know at the AGM whether that still holds true or not, so you might take this as an indicator that dilution will end before we hit 50M.
However, it is Solomon we're talking about so I guess he and his buddies will just summon an extraordinary meeting and raise the AS if need be.
The interesting (?) thing is that it seems that the newly issued shares in October hasn't hit the market (yet), at least they haven't been dumped as in the past.
Which leads to the question whether they will be dumped on the market at a later stage, if they will be "leaked" to the market (i.e sold controlled and not dumped), or if these shares will be held and not sold.
You can probably forget about receiving 1$ for a Siaf share during November
last conference call they discussed 4 loans
TRW is worth NOTHING when Solomon and Dan are managing the assets through SIAF
Hit him with 50k and see what happens
But with limited financial capabilities you have to choose
You don't need a code to listen to the AGM, just log in as a guest;
www.virtualshareholdermeeting.com/SIAF2018
EDIT: Nothing of interest and they were to cowardly to state how many that voted against the proposals. What a surprise...
If TRW can get financing then I think we all prefer cash
The 55 cents is questionable. There are some scenarioes where it does make sense, but I'm not sure if they (at least not for all shares) apply here;
1) The shares issued the past 6 months (many of which seem to not have hit the market)
2) If Solomon has managed to sell the idea of SIAF to them - whether it is the TRW-dividend or the cash-dividend
3) The deal were made when the PPS was a lot higher, but applied for a longer term
The truth might be a mix of these as well.
Well, that wording is different than the one from TRW;
based on exercising its option to liquidate outstanding debt owed SIAF of USD 62,338,065, covering both a portion or all of accounts payable and other payables owed SIAF, to date.
The reason for owning Triway is to avoid the absurd dilution that happens to SIAF
If we see another doubling of outstanding shares the coming year it won't be that funny
My point is that if the stake SIAF has in TRW is reduced to 18.3% this is no indication that TRW's debt to SIAF will be repaid any sooner than if the stake is 36.6%
The accounts receivable of CA’s C&S services totals US$53,460,749 made up of $982,223 (0 – 30 days), $9,188,981 (over 90-days & less than one-year), and $43,289,545 (over one year).
* $43,289,545 is to be settled by Tri-way’s shares included in the 36.6% equity shares that the Company received from the “Carve-out” exercise as discussed in the Company’s 2017 10K filing.
* $3,413,141 (91 – 120 days) and $5,775,840 (over 120 days & less than one-year) is AR that will be settled within trading terms of 360 days
My impression is that now we have no assurance that any debt TRW has to SIAF will be repaid in any given time frame
We need to know wether it is 36,6 million shares or 18 million shares after the dividend
You surely have changed your mind about SIAF since H1
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140872702
I think the best thing we can do is to prepare ourselves (both mentally and financially) for the posibility that we might need to hold on till TRW is listed (whether it is HKSE or elsewhere, 2020/2021 or later) to cash in on the gain - and then take it is a bonus if the PPS explodes before the distribution.
It would be nice if the distribution where PRed on OTC, if a Norwegian Financial newspaper where to write a piece about SIAF finally delivering on their promise, and/or the company releasing TRWs annual filings - but we might not be that lucky.
I've never paid attention to the record date in the past for dividends, I've always kept my eye on the ex date (although in this case the ex date might not be the correct one, as you've pointed out several times).
However; Can there be an exeption this time, since it is not SIAF that is distributing the shares, but TRW? I.e is the wording in the announcement from TRW sound, is it a standard (but misleading/wrong) wording, or did they just do one of their normal mistakes?
Well, the last they said was "mid/late Q4" and we're still early Q4...
Anyone followed-up on the information from Erik about when we need to own shares to qualify for the dividend? It is the OS of the time of the record date that will determine the amount of TRW-shares/SIAF-share after all, so dilution after that date might make things a bit tricky?
The wording in the announcement is rather clear, although I don't know if we can trust it;
The 18,300,000 (that is, 18.3% ownership in TRW) shares of TRW will be distributed to
those shareholders of record as of October 31, 2018
It will be interesting to see if/when the October-shares will be sold, and whether it will be on Merkur and/or OTC. Or maybe those who got these shares want to hold on to them for a while? (since the PPS hasn't collapsed like it used to)
However, it might keep the PPS depressed if the market expects these shares to be dumped like they used to be in the past
I don't think it would be wise of us to expect any news whatsoever in the AGM, it is just a formality. Can they even give any material information in the AGM? (shouldn't it be published on the market or at least on their webpage?) If there is any news, which I doubt (but I'm happy to be wrong), then my guess is the cash dividend (we only have 2.5 months left of the year and the last information was both ex date and payment date within Q4)
It is interesting to see that these shares hasn't been dumped on the market. This is a shift that has happened in the past few months; earlier all issued shares seem to have been dumped immediately at any price (because the PPS was, and had been, collapsing for years), while now the newly issued shares seem to be slowly leaking into the market.
One of the reasons why the PPS hasn't moved more might be that people expect dilution-shares to be dumped and hence cheaper shares coming up instead of hitting the ask. At least that though came to be when I saw that the OS was up again, but neither Merkur, nor OTC seem to have been hit by those shares (neither yesterday, nor today)
One shouldn't underestimate the destruction of credibility over the past years, all the lies that have and are being spread about SIAF all over the
internet (rather intense the past year), and the "too good to be true"-aspect. Add the China-bias and you have lost most of the potential shareholders...
Please don't turn into a new Mera... I do agree that we, at these levels, will have huge gains (although currently it seems that we might need to wait till TRW gets listed before we can cash in on those gains), but I'm no fan of such short statements without backing them up with arguments - this applies to both shorts and longs.
We're still not able to attend without the code/digits
EDIT: Or can we listen to the call without the code?
Not sure why they allow for live questions when there will be no Q/A... lol/sigh
No dumping today it seems.
I just jumped on the ask for 2 batches of 2500 shares at 0.42, but only got one of them... MMs playing with us?
Friday might get interesting and could start the rally again
SINO AGRO FOOD, INC. will be hosting a Virtual Shareholder Meeting this year. The meeting will be held on fredag, oktober 12, 2018, at 10:00 a.m. Eastern Time, and shareholders of record will be able to attend the meeting online. If you would like to attend the virtual meeting and you have your control number, please go to www.virtualshareholdermeeting.com/SIAF2018 5 minutes prior to the start of the meeting to log in. If you came through your brokerage firm's website and do not have your control number, you can gain access to the meeting by logging into your brokerage firm's website 5 minutes prior to the meeting start, selecting the shareholder communications mailbox to link through to the meeting and the control number will automatically populate
They can finalize the settlement with TRW on Oct 31
Yes, that's how I read the announcement from TRW; it is the same people who will get the second distribution as well. I would have preferred it otherwise, and a more equal size of the two distributions, but - as you pointed out - it might be done this way to avoid accusations of priming the market (although they might have been able to get away with two distributions when 1) the second one is insignificant to the first, and 2) the second distribution is dependent on SIAFs repayment of the collateral shares)
How much does the Market Makers on OTC control/play this? I'm asking because Merkur has tried to rally a lot more than OTC the past three days, but OTC refuses to play along and keeps the PPS depressed. Is that the MMs or something else? And if it is the MMs, how long and far can they keep doing this?
It wasn't even published in Norway until Oslo Børs stopped the trading and investigated the movement
But you can't disregard CA
SJAP, CA, MEIJI, HU, SIAF import/export...
If we disregard all these and just focus on SIAFs remaining 18.3% stake in TRW (disregarding speculations of increased ownership in TRW) we can take your valuation of TRW-shares of $23 and use that as an estimate for SIAF post-distribution as well
Assuming no discount (which a holding company will have), SIAFs liabilities, no more dilution (which we will have), but also disregarding possible buybacks and all the other divisions that is.
we prefer cash???
That's why the Q3 report could be interesting this time
Don’t get nervous
Well, Merkur closed at 41.5 so 35 would "only" be a 15% discount. OTC has managed before... However, things SHOULD be different this time, but not sure if the MMs care