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This company has been built by giving credit to customers.As somebody said in an earlier post, why doesn't Solomon go and ask for some of those hundreds of millions of receivables?
If this company will have to wait for ever on the loan and have the receivables there just to make the BSheet look good and making the company always profitable then I don't understand the point of having shares in this comapny.People who are saying there is no money for dividends forget it, must tell us when some of those receivables will become available.
Six months,one year, two years or never?
I guess it is still not important or urgent for Solomon to support the shareprice.
In the meantime has anybody sent an email to Merkur asking when the comapny will have the AGM cause they did not have one in 2017?
Ok!Thought so.It was just not very clear and thought that perhaps after months and hundreds of posts you posted something optimistic and non-sarcastic...
Empty, Is your ‘everyone’, this board’s comments or have you managed to speak to somebody?
Phoe, Is this from some new information you managed to acquire from somewhere?
Has it been clarified if it is just CDEL at 1.06 and then all the way to 1.35?
Just copy paste from 2016.Standard statement.
Equipment jumped to about $800,000 this quarter.That is about half a million in just 3 months.Wonder what that is about?
A fund or funds started buying anything Chinese today.In case they won’t mind that SIAF is just QX we might see something similar here too.There is a small chance it has already started.
Great!Let's see if you will have good news for us.
The problem is that at its height his investment was worth many millions more.Now with even a total of over 5M shares it is worth just around $5M.He may have simply added shares now that the price has reached ridiculous levels like many of us, hoping for the best.
Garrett has averaged down and has a chance to get rich.Would have liked to see Dan and the other directors doing the same though.Dan now has such a small investment compared to a couple of years back that you would think he would really hate it to see the price going up without taking advantage.The same goes for Solomon and the rest too of course.
When he files how many shares he has we will learn the O/S too.
snow An email asking them why there has not been an AGM as expected and required by the rules of the exchange, you believe will help the shorts?
If they reply we will at least know if they are planning one or at least they may ask them to have one.
Would be helpful if someone would complain to Merkur that SIAF did not have an AGM per their rules to see how they reply.Hopefully they gave them an extension of a month or two max to comply.
If only it was so easy.I’m sure you will start having sleepless nights worse than before if it starts going up again for no particular reason.
Doesn’t matter.It was worth trying cause it could have brought in many new investors from Norway.
The main problem with this company is that it is not prepared to correct mistakes and bad decisions.
Like KCSA.Ok they tried them.They might have been able to bring one or two big investors in.
After they saw that they have been absolutely useless, why haven’t they been replaced yet?
Another fake PR for SGLA in flawless English with some crazy projections.
There are still some stupid people who believe them and the stock goes up 700% on decent volume.
https://finance.yahoo.com/news/sgla-restructuring-initiative-accelerate-transformation-070631270.html
They have had un unprecedented opportunity with the dual listing and of course the power of the collaterals.It is called divide and conquer.And when you concentrate all your efforts on the OTC where perhaps the number of shareholders is below 10% of the total, you can have a party and make a killing.
Hopefully there will be no Merkur on Tuesday in case their rules call for an automatic halt in trading in case of no AGM.Who knows.Perhaps Solomon finally realized the mistake of the dual listing and thought of a clever way out.Would be his best decision in years.
He is still updating his Facebook page HB.
He was always promoting SIAF as the Ultimate Holding Company.In the end that seems to have been Solomon’s downfall.Instead of concentrating and specializing in one area he thought diversification in modern times is easy stuff.
Perhaps it is easy to enter a new market if you start giving everyone credit to buy your products.But if your competitive advantage is only that, sooner or later you will run into trouble.First of all you will need more and more funding to keep expanding and then how are you going to collect the receivables?
I think Solomon is at that stage now and needs to make tough decisions especially if the loan does not materialize.In the meantime he cannot find even $1M to start buying for $1 what on paper is worth over $25.
Anything that announces something with Blockchain flies.So an announcement with Blockchain alone or with SWRM is possible because they have witnessed what it can do to the shareprice.Hopefully what they are talking about though is not just speculation.
The CGA CEO has died.His son who was CFO has now taken over.Will there be any change and start to care about the shareprice?He looks to have made a promising start by a PR just a day after taking over.
https://finance.yahoo.com/news/china-green-agriculture-awarded-top-120000732.html
Basically perhaps the cheapest stock in the world taking into account Balance Sheet and P/E.
Perhaps you can try again or if u think it’s a good idea tell us the emails/webpages so we can try too.
What are the filings say?Did he repay part of the loan or he didn’t?
I see what you mean and I don’t think you are alone in SIAF being one of our last and best chances in making money.It comes down to what % of what they have been saying and filing is true and I think how collectible are those receivables.
But I agree that the odds are in our favour big time.It will be a real shock if we end up losing from the current position.
You are neglecting the possibility of further dilution amongst other things I guess.
Ks, it is different if you don't pay ayttention to the shareprice and insiders don't buy at $3, different at $2 and different at $0.95.
It gets more worrying for shareholders to see no action from management the lower the price gets.
If we might get as low as 10c say and management keep telling us that we have to wait for the loan to buyback shares, what will you think?
FD being part of the plot could ultimately explain a lot.
All the broken promises,why KCSA doing nothing, why no buybacks even at
95c,why FD or Dan have not been buying even now etc.,etc.
Hopefully that is not the case though.
If RD is correct and yesterday was an exception and there was no fake volume on the OTC(comparing volumes with Merkur I think confirms there always is some)then perhaps the theory that Dan knew about a big buyer prepared to buy everything at least so cheaply, was also correct.
Buyers for half a million shares with the price hardly going down don't think so.Most probably two or three times more fake volume than usual together with the new collaterals.
We should thank Peter who said they are not considering ending the dual listing cause it will do even more damage to the stockprice if indeed it already affects it negatively.
This I think when I sent him an email with the shareprice above $2.
So where would we be without the OTC or Merkur listing?$0.75?
Of course we know that Peter probably doesn't always pass comments and questions from shareholders to management.Like when he "confirmed" that there would be an AGM this year.
Here are Dan's phone number and email.Think he should be asked about an update on the loan if nothing else like can they find just a million dollars to start a buyback now that we will be below $1 while waiting "if and when the expected loan" will materialise?
If not what if we go down to 50c?
http://www.moreopp.com/company-details-36/12428092.html
Some were saying when we were at $3 and even $2 that a share buyback program would be a bad idea and do even more damage to the shareprice.
So without any buybacks we are now near $1.We would be even lower with buybacks?Is there any price at which they would do more good than damage?
Snow, Thanks for that.Very funny.Would have laughed even more if were not at €0.93!
Yes.Just lacking a photo it seems to put a face on who we have been listening to in all those CC all these years and in whom we trusted our money.
He lives in lovely Zanesville that would also confirm the college he went to Muskingum.This page has also his email and phone number.
http://www.moreopp.com/company-details-36/12428092.html
Over $300,000 extra profit next year after the reduction of taxes to 20%.
In the end is there anywhere a photo of Dan?Is he in any of Hyberboy’s videos?Has anybody met him?Do we know if he is married or if he has children?
Good.Cause I couldn't find anything on their website and wouldn't like to call.
Looks like it.The thing is they could be publishing normal PR's for these type of updates instead of just using NNW.
From what I can see they basically stopped updating on Nov 7 and in some cases Nov 14 perhaps to reduce costs.