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Thanks for that.Obviously they must be quite happy with how Iosoft is doing, and seems to me some know that and are buying all these shares at over 0.02
Still printing shares,Not too many about 70,000 but without any news I can’t see how we can stop dropping slowly to zero.Even with all the collaterals market cap is now just $18M or €14.4M
They still don’t feel like explaining what these new shares are for and how many more they are planning to issue?
Everybody believes them.That is why we are at €0.45!What are you talking about?
Like the “leak” of news about the share count early last week!
It is good news that the loan is still on but they start getting more specific like at the CC.At what stage are we now?Why don’t they?
An announcement that at least they managed to negotiate that there will be no more top-up shares issued for those loans will be enough to send the shareprice to over $1 initially.
If I was Solomon I would even refuse to issue any more top-ups even if it meant lawsuits.Otherwise we need a miracle or good news to avoid heading much lower.
A bit of a proof but for sure nor definite is when the company and insiders have the chance to buy the stock at over 95% discount but say no thank you.
Dan's interest in the company for example has now fallen to about €70,000!
At a minimum they should just delist from one of the two exchanges.Unless of course no more top-up shares will have to be issued which means soon the shareprice will simply be impossible to decrease more.
OTC is unable to absorb the selling pressure and any dilution even now and as has been happening for over 2 years Merkur just follows.
Shall we see an increase in O/S or is it the ones they issued recently?
At least we managed only just to close above half a Euro at €0.506!
There are still people who care to write about SIAF?
https://bzweekly.com/2018/02/14/sino-agro-food-inc-has-bullish-trade-nordnet-pensionsfoersaekring-ab-bought-stake/
So let's just wait for some POSITIVE news then.Making a start hopefully with no more top-ups for the collaterals.
So stop trying to make things that are very negative look like they are positive.
The same story with the biggest insider of all Dan who had about $2.5M worth of shares in 2015.Should we be happy if he had bought a few shares and he didn't have now just $100,000 invested?
The interesting part is that the customers of Nordnet and Avanza had about 5 times more money invested here a year ago.
Ok.So that was I guess the number on 31 Dec.
They agree totally with Avanza that O/S is 27,800,000!Very strange.
Could this news about Burnham be the reason why we haven’t had any more top-up shares issued lately?
Could mean the death spiral risk has gone and it is safe to buy now.
Agree.It is the easiest way of doing business.When you work by giving credit you don’t have to worry about anything.Efficiencies,quality,finding customers.Nothing.And you can charge how much you want.Customers will never complain.
But in the end, you realize that it is almost impossible to collect those receivables.
I think someone spoke with the company and they told him early this week there would be an update about the new shares that have been issued lately.
Perhaps they changed their mind cause Dan thinks the shareprice has now stabilized and such a PR is no longer necessary.
Just following the US.If we were to be manipulated to $0.50 today, Norway will follow as always on quite light volume.The dual listing has destroyed the shareprice.Without it the company would have more time cause the fall would be slower and the rate of issuing top-ups for the collaterals slower too.
Unfortunately you are very correct.At 71c you would expect an announcement about the O/S, the loans or that the cash position is improving.
If you have nothing positive to say about those then the situation is really bad.
Looks to me like it could be second hand too.Some of the parts are rusty.
They said we will have an update about that by Wednesday.Or did they decide that a PR about the boiler was more important?
Yes.Saw it on Tweeter.Hopefully it is the start of more important PR's.
They finally decided to PR something?
So should we expect some sort of announcement about the increase in the O/S this week or not?
https://www.facebook.com/Sino-Agro-Food-Inc-Airline-Investors-754862887937053/?ref=page_internal
Most on this board have started to believe that this was always a scam.
I still believe that the problem here was right from the start that Solomon was selling on credit thinking that he would be paid back.Apparently he is discovering lately that NOBODY will pay you back if they don’t have to or forced to.
Disappointed with that and also that the loan is delayed, he has not too much interest or appetite to care about the shareprice either or the COSO.
With our money some of them.Until we start to see those receivables coming down and the company with some cash.
A McDonald’s restaurant in Paris making €1,000,000 profit in 2014 was reporting $1,050,000 profit.
Now with the same profit it is reporting $1,250,000.
I would need €164 to buy a McDonalds share at $172 in 2014.Now I can buy one with €138.
You can’t be serious that the weak dollar has not helped the stock market!
When the dollar gets cheaper it means that it would be cheaper for the company to do any buybacks or pay dividends and also the stock is more attractive to International investors.
Why do you think the Dow is at 26,000?The weak dollar is one of the reasons.For a European who spent Euros to buy shares 3-4 years back it is as if it is at 22,000.He has not made that much profit.
The US dollar has lost about 20% of its value since then.So about 7.5c is a bit more accurate.
A simple update of the current situation concerning the anticipated developments and a satisfactory explanation why they have issued about 2 million new shares recently might be enough to at least stabilize the shareprice.
Why doesn’t he just ask then?Is it so difficult for him to pick up the phone or send an e-mail to either Dan or Solomon?
Has anyone asked Peter what all these new shares are for and got a reply?
I did not get any response from either him or KCSA.
A few more shares issued.We are at 31,080,875 now.
The restricted shares down too.
Sent a question about the increases to both Peter and KCSA but no reply so far.
I sent an email to BITCF.It seems that HERB is slipping more and more into darkness.They don’t bother to inform us about anything.
Hi, XXXX. We do have a contract with Yasheng group sub to develop Blockchain chain powered supply chain management platform to be used in Agriculture in China .
We have no control over the decisions on timing of the news release on Yasheng management side
Greg Rubin CEO