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IronRidge has until the FIRST of March to meet their payment obligations to SIAF's Creditors; the window for payment disbursements beginning December 1, 2011.
10K notes
Disposal proceeds receivable from sale of subsidiaries is due from Mr. Xi Ming Sun, a director of ZhongXingNong Nu Co., Ltd, with $27,026,095 being collected during the nine months ended September 30, 2011 leaving an outstanding balance of $17,973,905 as of September 30, 2011.
During the nine months ended September 30, 2011, Mr. Rui Xiong He sold his land use rights to the Company for $7,042,831.
No, that 12% dividend is all over the May 2011 Stockholm presentation guide...but everything is subject to change
IronRidge AKA IronMike is holding this stock in a corner on the ropes. Their would-be 6 million shares or so are being capped with a mere $30,000 in shares at the ask every day.
When the deal is done they simply release the pressure and reap millions in profits. (One month) If you can't beat them join them.
The final payment from the sale of the dairy division was due on
Dec 30, 2011.
$17 million? Was this money earmarked for another division?
Yes, because the share price is so out of whack with the dividend payout
4% 2011
8% 2012
16% 2013
32% 2014
But only half this return if you wait and buy the stock at $1.00.....in March and only a quarter of the annual returns at $2
Yes, because the share price is so out whack with the dividend payout
4% 2011
8% 2012
16% 2013
32% 2014
But only half this return if you wait and buy the stock at $1.00.....in March
The dividend is still huge at a .50 buy-in cost basis
Whether they pay
Half
Cash + convertible stock
Cash + gold
Cash + silver
Cash + diamonds
Thinking that the Jordan Fund can purchase as much stock as they want? Over a million shares in December and now the green light is
on.
Huge typo because it stated 10.7%
and 12% the following year
I based my investment suggestion
to friends on that info...could still happen however going forward.
Can't have everything.
Thanks Swede ..... BUT I see that dividend at 10.7% then 12% in the report....so that's why the questions at the last CC popped up about the dividend being raised to 12%. Typo?
Same two sellers sat on us at .57 and rode us down to .53....when does the IronRidge deal complete? End of the month?
I have never witnessed a stock being so conspicuously capped by a seller.
Thanks Swede. Was that spoken or on paper in Stockholm
More than 1/3 of all of the shares in the company as I was told by a major stockholder this morning.
Also I'm thinking shares can be converted right away or held
with a 8% premium.
How have you been Treit?
Are you guys seeing this?
$1 per share in earnings 2012
.08 dividend
.50 share price buy-in
16% return that's huge
And the year after $2 per share in earnings
.16 dividend
32% return that's outrageous
More than 1/3
Much more than a 8% dividend at a cost basis of .50 cents
They are members of JF they also use Nordnet,Erik Penser Bank and SE Bank
13G
To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company.
It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control.
Apple vs Sino
1247 Apple
913 Siaf
$1000 invested in each stock on Jan 1 2012
Compare us to the largest company in the US
I agree
I see that Henrik Kallen, Chief Executive Officer of Avanza Pension AB signed the 13G.
Avanza Bank Holding AB
plan 3Klarabergsgatan 60 , Stockholm , , 111 93 , Sweden
https://www.avanza.se/
8 million shares
Are they a part of The Jordan Fund?
They purchased another 1.2 million shares in December
Statement of Ownership 13G
Försäkringsaktiebolaget Avanza Pension now controls 12.1% of
Sino Agro
Their objective must be .50 they let up on the pressure on Friday at 5 minutes before the close.
Not sure why
No still there at .53 now 25k
They have reloaded at .54 25,000 shares and .55 50,000 shares same setup for the last 6 trading days
That's the .......Art Of The Deal
Now just like a good old western
they are backing us down to .54
It's fun to watch
Fear not coup de corps
Both sellers are back now at .55
NITE /AUTO. 75,000 shares
Ok here we go
Seller is back at .55
We are down eight cents in 2012
$ 10 per share in earnings 2012
$ 20 per share in earnings 2013
and you would short?
So which mutual fund would steer clear of this profit monster?
At $5 bucks per share ....none
At $100 per share .....a few
But I'll stick by Lee too....
Watching the bid/ask is like watching a good ol Western movie.
The good guys are being backed down into a corner 1/2 cent at a time.
I say again
Who would short a one for ten reverse split?
$5 share price
$10 per share in earnings this year
.80 per share dividend
6.6 million outstanding shares
$100 + per share in every other exchange other than the US
VISIBILITY will have been achieved
68,000 shares now waiting at .51 for a new owner.
Where is Treit with an analysis?
Just trade this stock like you are part of the IronRidge group ....it's that simple . We can't beat them.....but on the other hand just watch what happens when they go Long.
Right there with you.....but all week the same activity on this stock?
Same activity all week
Blocks for sale just above the ask.
Roadblock to stop any buyers from entering the stock ....and it worked
Just have to sit back and wait until they get what they want.. Lee will cancel out the shares in the future
again...then we rock. Someone mentioned that the debt deal ends Mar 1.
This action is all for IronMike as I like to call them....they are sitting right on top of the bid/ask with
a hundred thousand shares but they will be long soon .....this is the art of the deal as Trump would say.
Hybrid Tiger Prawn ....can we get them at SIAF....that was once the
$100,000 question....now it's the
multi million dollar question.
Go Lee