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I've said my piece
Kirkland the director of IronRidge has that statement on their web page Andrew.
IronRidge hit the home run here
and will be back for more. And all along I thought the selling was their project...not so, they have never sold a share of SIAF or any other company that they own shares in. IronRidge knows what JF
is doing with SIAF and they jumped
in also. That's 37 million shares between them.
As the price remains here I continue to purchase ....not for tomorrows trade but 2015.
JF told me their price Target
but that is up to them to disclose it to I Hubbers not me. :)
Forward earnings yield is 160%
Where else are you going to find that in the stock market?
And the company will relocate soon
so buy and hold....even if the stock price only follows earnings it's a 100% gain this year and 300% by the end of 2013 not including dividends.
JF will buy all of the shares
I'm thinking Lee said that his biggest headache now is that it takes 3-4 years to list on the Hong Kong exchange HKE. Shanghai exchange SSE was still an option as I recall.
Our Method: Support business without constraining growth.
Here at Ironridge, we utilize proven methods of entrepreneurial innovation. By supplying innovative financing solutions and flexible capital, Ironridge seeks to unlock the full potential of cash-constrained businesses. This allows us the advantage of bringing traditional private equity financial sophistication to small cap public companies.
Ironridge is a long-only institutional investor, making direct equity investments in small cap public companies.
We entered into twenty financing transactions last year, ranging in size from a quarter million to $10 million each, for issuers ranging from exchange-listed companies on NASDAQ and NYSE Amex to OTC Bulletin Board and non-reporting Pink Sheets companies. Most were for preferred or common stock with no warrants, rights of first refusal or other restrictive covenants. Ironridge has NEVER shorted a single share of any company’s stock, and we remain a common stockholder of every company we have invested in since inception.
IronRidge
The firm does not desire to influence or control management, will not restrict use of proceeds and requires no restrictive covenants. We will never take an affiliate or control position in companies. Due to extensive due diligence on our part, Ironridge is able to place its trust in current management to work towards the SHARED VISION of accelerated growth and increased shareholder value in a fashion which requires no direct operational action by Ironridge.
Instead, Ironridge strives for tailored approach to understanding smaller companies – each member of our portfolio brings a unique package shaped by their financial situation, needs and goals. This approach allows our firm the advantage of an unbridled flexibility to create innovative and mutually beneficial financial structures, as well as develop individual solutions appropriate to current company and market conditions.
The firm acts as a passive capital partner geared to provide the lowest available cost of capital. Ironridge has developed processes enabling the firm to quickly structure flexible financial solutions based upon each company’s unique situation, perform expedited and streamlined due diligence, make decisions and close transactions quickly and efficiently.
Our Results:
Transactions completed with Ironridge have consistently proven themselves superior to traditional registered directs, PIPES or equity lines. Ironridge is not a hedge fund, does not request anti-dilution protection, or require any restrictive covenants.
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Ironridge Global Partners, LLC
is a long-only institutional investor that assists public companies in financing operations and expansion. The firm’s core objective is to propel high growth companies in building faster growing and more profitable enterprises.
What was the business strategy for only buying 9.9% from Lee?
Why sell if you are the selling pressure? They will keep their 9.9%
When Lee buys the shares back or cancels shares they are off to the races, then a foreign listing on top of that. This is a sweetheart deal for them as they look at a 68% growth rate and huge earnings as related to the current share price. IMHO
Saying IronRidge is now a Bull would be an understatement IMHO
Yes the US Nasdaq BB is ugly times ugly .
From The Shanghai exchange
Shandong Oriental Ocean Sci-Tech Co.,Ltd
$2.28 stock price US Dollars
.05 earnings
PE 45
Shandong Oriental Ocean Sci-Tech Co., Ltd is principally engaged in the breeding, raising, processing and export of aquatic products. The Company’s products include: aquatic seeds, including kelp seedlings, abalone fries and scallop fries; cultured products, including fish and holothurians; processed products, including fish and shrimp, and collagen, such as deep-sea fish collagen. The Company's products are distributed within the domestic market and to the overseas markets, such as Europe, the rest of Asia, the United States and Canada. As of December 31, 2010, the Company had five subsidiaries.
More from Reuters »
Looking at the Shanghai exchange tonight
Shandong Homey Aquatic Development Co.
$1.67 stock price US Dollars
.04 earnings
P.E. 42
Shandong Homey Aquatic Development Co., Ltd. is principally engaged in breeding of marine fresh and live products, food processing and marine capture business. The Company also involves in the processing and distribution of frozen food products. The Company's major products are shrimps, sea cucumbers and jellyfish. It distributes its products in domestic and overseas markets. During the year ended December 31, 2010, the Company captured approximately 1,354 tons of sea cucumbers and approximately 3,965 tons of jellyfish. As of December 31, 2010, the Company had 10 subsidiaries, which involved in food processing and distribution, food testing, aquatic product feeding and processing, as well as marine capture business.
Emilez I like the idea of IronRidge
being onboard now. Lots of buddies , huge growth , thinly traded stock , home run for a Hedge Fund.
Boost
Nisse is traveling... Middle East
Avanza Bank Holding AB.. 8.0 M .... $4.6 M 19.93 11.09% Low
Chen (Bor Hann)......... 900.0 K .... $1.2 M 2.25 2.87% N/A
Ironridge Global.... 6.6 M .... $3.3 M 16.57 7.95% High
Lee (Solomon).... 13.5 M .... $18.1 M 33.71 43.35%
Nordnet AB....... 6.5 M .... $3.9 M 16.31 9.31% Low
Jordan............ 16.0 M ?
Tan (Poay)......... 4.5 M .... $6.0 M 11.24 14.45
Wondering what we have on this board... #shares
Dividend while we sit back and wait for better days.
Only 8 months ago we traded at a PE of 8.4 :) So take advantage
of the low stock price...JF is.
Siaf is their only U.S. holding and I can't see them letting up
on purchasing shares.
The stock is acting about the same as the previous run-up
77,000 shares traded today @ $48,000
Market cap dropped $1.4 million.....on $48,000 cash flow
I'll like this ratio when it heads north too..
2.8 billion babies /10000 X $30
Equals $8,000,000.00 ...ok ...nice
Seen today (latest reported) in Sweden the two internet brokers AVANZA and NORDNET in Sweden, alone, together newly did flag for 7.980.000 + 6.532.000 shares in SINO AGRO FOOD = together =14.512.000 shares or just above 20% of all common shares issued. The lager holdings, however, mostly are with the banks in Sweden, where the "top"-JF-members often have their holdings. If we instead follow the members reporting to JF their holdings (lately done on request)on or above 250.000 shares, the Swedish interest in the company is much larger and not very far from 50%(that then also includes all above named portfolios at Avanza and Nordnet even under 250.000), that also includes JF-member-Swedes living offshore.
JF suppose that the 2011-figures from the company will be published around the end of March and JF´s thoughts are that the company will somewhat beat the earliger given prognosis(numbers).
For 2012 JF hopes for a result on the last line to grow to 90+ cent/share (before tax discussion, if any).
The result for 2011 will be followed by a telephone conference, where all shareholders are welcom to take part or only to listen to.
10 miles from my summer home but he said in no way could I see his operation on Monday...private or secret. He sent a email tonight saying $30 for 1000 was right on however less in bulk. I remember seeing his operation on the local news last year. He has not heard of SIAF BTW.
I will stop on Monday to see his shop and nose around....they sell to walk up customers also.
Lee says come over to see his operation and I may do that this summer after a stop in Hawaii. I'm to hyperactive you know.
JF has not confirmed any meetings with SIAF this year as of yet.
10 miles from my summer home but he said in no way could I see his operation on Monday...private or secret. He sent a email tonight saying $30 for 1000 was right on however less in bulk. I remember seeing his operation on the local news last year. He has not heard of SIAF BTW.
I will stop on Monday to see his shop and nose around....they sell to walk up customers also.
Lee says come over to see his operation and I may do that this summer after a stop in Hawaii. I'm to hyperactive you know.
JF has not confirmed any meetings with SIAF this year as of yet.
Lee did say he could raise 5000 baby prawn in a 10m x 10m x 1m pool and be much further ahead in the long run over 5000 dairy cattle.
See ya dairy. And almost free prawn larvae to boot.
Just spoke to a prawn operation in Ohio. They agree on $30 per 1000 babies
...at least in the States. China?
Spoke to a company in Texas last week
$30 for 1,000 babies
Has anyone seen price listings on baby prawns anywhere?
Nasdaq OMX App. Sweden
Furthering our efforts to go green and provide better service to our applicants, our listing process is all electronic. The Listing Application, Listing Agreement and Corporate Governance Certification may all be completed online through the Listing Center. We even allow users to upload supporting documentation and sign forms electronically. Since we are able to gather much of the information needed to verify compliance from publicly available sources, we are able to minimize the documentation you need to provide to NASDAQ.
Please keep in mind that while it generally takes four to six weeks to process a listing application, this time frame is variable and may be shortened considerably, if the company has no issues and responds quickly to Staff comments.
https://listingcenter.nasdaqomx.com/Show_Doc.aspx?File=listing_information.htmlts.
Siaf dividend play
Accidental yield
Question is
How many shares of SIAF would it take for one to match Apple s return
Of 10 million
250k and a 40 stock price in HK?
Treit
From the Aussie prawn farm video:
Nick Moore
Well the normal density is forty prawns per square metre, so on fifty hectares that's four hundred thousand prawns, twenty million for the farm.
Ruben Meerman
Twenty Million!
Nick Moore
Well over the last few years we've shown that the domesticated prawns have actually out outperformed the ones from the wild quite significantly. Even up to the stage of you know three to five tonnes a hectare. Which is amazing, that's a huge difference, between stocking wild and stocking domesticated. And that's an awful lot of money.
The surfer segment was for Treit the
numbers member on this board. Gold Coast Inc....
20 million prawn produced on 50 hectares as compared to Solomons
news of
2.8 billion fingerling .
Old news
Sino Agro Food, Inc. to Become Among Largest Recirculating Aquaculture System Developer in China.
So I guess we already received the news....but 2.8 Billion
fingerlings?
Numbers
Gold Coast Marine Aquaculture located just south of Brisbane
produce prawn from September through June.
They use 50 Hectare and produce 20 million prawn