is Loving China.. considering learning Mandarian
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SIAF Big bull
SIAF starting to move again, had some good news recently.
Still my fav pink..
You to huh?
SIAF BOUGHT 10000 SHARES OF SIAF AT $0.009 ($7.45) $0.00 ($97.45)
SIAF- Take a look at the cash flows in the audited 2006-2007 financials. Those cash flows have improved since, but keeping it on the real side, it's best to look at what we know has been audited.
$7.8M in Deposits and prepaid expenses
$3.8M in construction
$5.4M in purchases of property/equipment
Even after that, plus other expenses, they had $358K in cash left over in 2007, which is the first year of operation. 2008 saw a lot of construction and expansion completed which will increase revenue/profit. Keep in mind, China Agriculture projects get 33% in subsidy rebates too, no tax etc..
They don't appear like they need any external financing when their retained earnings are stellar. If they did, they can leverage the land use rights for bank loans. If you review the 2006-2007 audit, you will see all their debt is bank debt.
As for the dividend, less than 7% of the common stock is publicly available (the float is small). There are no preferred shares issued, all shares, including the merger shares are common. 93% of the dividend will go to insiders and the original Asian investors anyway.
So, the dividend is just a little extra icing for us public holders, nothing more.
Oldie but a goodie..
When I started doing the due.. and keeping volume records. I estimate the available public float under about 400K based on the longs I know who are holding.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=36248362&txt2find=rule
1.9M effective float
This deleted file on pinksheets is a good resource.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=19198
After the R/S there were 543K free trading.
460K were added as part of the R/M to consultants, ie: Belmont
3M were added through other parties, of which 1M was given to Opt-in which all of us longs appreciate their stupidity and lack of foresight every day ha-ha. Thanks Opt-in!
That leaves the 2M.. of which are held tightly by non-affiliates.
The restricted shares will remain restricted until 12 months after the company files with the SEC due to Rule 144(i) change. That is a whole other story and would require a long explanation.
Hope that helps.
That 46K Form T trade was probably the last of it that was sold earlier before the news. To bad so sad..
They have an impressive management team and board of directors.
http://www.siafchina.com/english/director.asp
One example is Mr. Tan Poay Teik (Peter)
Executive Director has 28 years of experience in the food Industry and has much practical experience in accounting, strategic planning, merger and joint venture matters and financial management having held directorship in several private limited and public listed companies.
He is also Group Managing Director of Milux Corp. Berhad, a Malaysian MESDAQ listed company. (Equivalent to our NASDAQ)
http://www.milux.com.my/contactus.asp
I have spent hours conducting DD on this one.. literally hours and hours..
My bet would be it follows the trend and breaks up. It is a China company after all!! lol
You invest in a company based on it's fundamentals nothing else. I promise you, management can not control the action of the market. I've been following CNOA for awhile now, and it looks like their biggest problem was with the IR firm they were using. Ever since they dropped them, the stock has been performing well.
Keep in mind, they don't exactly compete with the other dairy companies on the same level. They are one of the only certified "Organic" dairy producers in China. In other words, they provide a niche product to the more middle and upper class in China.
The Company's entire operation is based on the "organic" model. Therefore their products cost more, and are marketed to a more niche market. That is one reason why their dairy sales did not fall as much as the rest of the dairy market during the tainted milk scandal.
The Government interest is in the fertilizer and fishery technologies. The dairy actually is a separate operation entirely. They have exclusive rights in China to a RAS (fishery) technology brought over from Australia.
http://www.aces.edu/dept/fisheries/education/recirculatingaquaculture.php
To be honest, aside from the Dairy operation, the company is really a technology based company that uses it's patents and exclusive rights to conduct JV's with the China government. In essence, they are bringing western technology into China, managing it and deploying it, with the assistance of the Government.
My math shows about 20K-25K left..
I subtracted my trades using AUTO starting in May against the shares picked up through AUTO in March (88K). As long as AUTO in on the ask, I believe we have a few more to chew through. So far I have tracked about 68K in block trades through AUTO. It appears the stock is being sold by the broker, not the individual, resulting in mirrored volume. Nice thing about a small float, it is easy to track the volume.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=SIAF&SortBy=volume&Month=3-1-2009&IMAGE1.x=9&IMAGE1.y=5
"an American culture that has become so weak and worried about "politically correct" that we don't have the will to do anything about it."
That sums it up for me.
The proposed divvy to me is just icing but not unexpected after having several conversation with the CEO. I don't expect the market to get excited about anything SIAF does while it remains a pinksheet. I have accepted that.
Most folks will stop at "pinksheet" and not go any further. According to the CEO there are very few American investors in the stock anyways, it is mostly foreigners (China/Malaysia).
You have to do a little more digging and due diligence to grasp what is going on with SIAF. You also need to understand corporate structure.
Some key elements to consider are the fact that there are no preferred shares issued. All the acquisitions were done with common stock. This can clearly be understood after reviewing their 2006-2007 audit. The audit was done by a registered PCAOB firm. This is the exact same audit required of OTCBB companies.
The only reason they did not file in 2009, is because it wouldn't make sense to file a Form 10 late in 2009, then have to turn right around and file a Form 10-K. It simply wouldn't be logical.
I suspect the dividend is being considered in order to pay out to the merger shareholders. The public float is actually quite small. So the majority of the divvy would go to insiders/affiliates anyway. They already pay out minority interest as they do not fully own all the subsidiaries.
All in all, they have a very clean and simple corporate structure, profitable business in a fast growth industry. The only thing holding it back is being a pink.
Also looks like a few "sell on the news" folks are holding it back too ha-ha. Oh well..
I imagine they could push 50% or more growth for 2010. They were in start-up mode most of 2007-2008. 2009 has seen the completion of many of their projects plus the SanJing JV.
In a nutshell, they are coming out of start-up mode and into expansion mode now.
and vice versus..
McCain had Phil Gramm as his economic adviser, the same individual, aside from Greenspan, who has been directly blamed for the financial melt down in the U.S.
I don't see any Republicans calling out Gramm, or McCain for having picked him.
Seriously? Are you an expert on Iraq?
I served two tours in Iraq, OIF 1 and OIF III. My first tour was a combat unit, I was a 19 Kilo (M1A1 Crewman). My second tour was working as a clerk in Brigade S4 in the Tactical Operations Center that covered all of Northern Baghdad. I had quite the history lesson my second tour as I worked right next to Brigade S2 (intelligence).
image blurred by military
The Iraq military was practically non-existent and mostly decimated during the first Gulf war. They were no threat to anyone. There country was pretty much in ruins due to a decade of sanctions.
By attacking them, all we did was pour gas on the fire. We fanned the flames of hatred for the U.S. even more in the Arab world.
I'm curious, do you even know the real reason why Iraq invaded Kuwait? Why the U.S. then attacked Iraq? It might do you some good to research that. You will find that Iraq was once a U.S. ally. Iraq pleaded with the U.N. numerous documented times over Kuwait stealing oil. The U.S. turned their backs on Iraq because Kuwait was the more significant strategic ally.
Prior to Iraq invading Kuwait for stealing their oil, Saddam had proposed dropping the dollar in favor of the Euro to trade its oil.
You should really read up on what really happened, not the propaganda spew you watch on for profit corporate media.
Who then is going to mow your lawn, pick your oranges and clean up your trash? Surely an American won't work so hard for such little money.
Illegals will be here as long as there are jobs for them. There will always be jobs as long as Americans are to proud not to work for so little.
You can't have it both ways.
But it is getting better. We have our own human rights issues in the U.S..
You might as well give up, anyone that can believe a supernatural being created the universe and lives in the heavens, will probably believe just about anything if presented to them properly.
People were stupid enough to die for Jim Jones and David Koresh, humans haven't evolved much since the time of Jesus that I can tell.
We won't see the next step in human evolution until the last breaths of religion are drawn. Ultimately it is Religion that divides us and foments hate around the world. It keeps us from moving forward as a species.
one last important point..
Why is China quickly becoming the worlds powerhouse? Because they are smart enough to avoid the same mistakes the United States has now made twice. Also being a Communist Country, they do not have to worry about Corporate or special interest mucking things up. +1 point for Communism!
The Glass-Steagall Act has had influence on the financial systems of other areas such as China which maintains a separation between commercial banking and the securities industries.[9][10] In the aftermath of the financial panic of 2008-9, support for maintaining China's separation of investment and commercial banking remains strong.[11]
Referenced from http://en.wikipedia.org/wiki/Glass-Steagall_Act
Well of course, banks saw their allowable leverage go to over 30 times. Bill Clinton signed the "Gramm-Leach-Bliley Act" which tossed aside the "Glass-Steagall Act".
The point of "Gramm-Leach-Bliley Act" was to dismantle regulation, built by the "Glass-Steagall Act", separating banks that did risky investing from those that did normal lending.
The most influential person to push the dismantling of our banking regulation was Phil Gramm, a Republican from Texas. He went on to further destroy our financial system with the "Commodity Futures Modernization Act" which paved the way for the derivatives market and more aggressive mortgage investing by banks.
Ultimately both Democrats and Republicans are to blame. But the people most responsible were the policy makers and regulators within the Bush administration, plus Alan Greenspan's Federal Reserve that let the party get out of control during their watch.
The biggest man responsible for the downfall of the U.S financial system?
Mr. Phill Gramm
For reference:
Glass-Steagall Act
http://en.wikipedia.org/wiki/Glass-Steagall_Act
Gramm-Leach-Bliley Act
http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act
Commodity Futures Modernization Act
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
Improving the FED? It needs to be abolished, not improved.
It is called "proof of concept"..
If you can't grasp the point I was trying to make then I doubt you see the bigger picture.
Obviously "Prosper" is not going to replace the Fed. The concept of peer to peer lending however could. That is known as "Proof of concept" in the investment world. When an idea has proven to be successful on a small scale, it can be scaled for larger implementation.
There is no reason why "peer to peer" lending would not work. Banks are nothing but middle men in the financial world. They have already proven to be corrupt and greedy.. what better w ay to solve that problem then to eliminate them entirely.
The idea we must have banks is ridiculous.
marked your board..
It will never happen in this Country, not unless we have a true revolution of the people. That will never happen because most Americans are clueless because the media is Corporate controlled and would never do anything to jeopardize their profits.
You and I understand the problem.. but the vast majority of Americans do not. They are to busy blaming each other for the problem.
Your post summed it up quite well.
"However, since powerful interests "own" the Federal reserve, expect major US financial upheaval if this is ever tried."
This is our core problem is it not? If so, why are not more people talking about it? Obviously both Republicans and Democrats could agree on this issue?
This is the #1 reason why China will surpass us as the worlds strongest economy in the next 50-100 years.
China is already about to shove Japan out of the way as the second largest economy in the world.
http://www.nytimes.com/2009/10/02/business/economy/02yen.html
Why is that happening? Because the State controls monetary policy in China, not a private group of profiteers. Capitalism has its flaws and we are starting to see the results of those flaws when left unchecked and unregulated.
I've already given up on the U.S., I now invest in China and my kids will learn Mandarin.
How to replace the central banking system??
Have a truly free market..
Here is one company doing just that on a small scale..
http://www.prosper.com
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001416265&owner=exclude&count=40
You have yet to bring up anything worth discussing. The beauty of a public forum is both our posts remain for all to see.
Anyone is welcome to go back on this thread and tell me what exactly was worth discussing? Mud slinging.. blah blah.. Democrats do this.. Democrats do that...
We could go back and forth till the cows come home. We are not going to get anywhere though because there is no debate. You can not hold a debate when both sides are attacking the other.
You want a discussion.. let's have a real discussion about two things.
Campaign Finance and Corporate power. Let's discuss ways in which both need changes.
What do you think should be done?
Corporate Takeover - Despotism
A warning..
I didn't respond? Of course I did, it just wasn't the answer you wanted to hear.. call it executing "conservatism 101" the inability to understand beyond a tiny predefined spectrum.
Your questions to me were pointless to argue. The same arguments could be said about the Republicans. Both Republicans and Democrats can be accused of the same problems.
I've said this many times on this forum, the problem is ultimatley campaign finance. Politicians are no longer elected for their experience or intelligence. They are elected by carefully crafted campaign slogans and marketing campaigns. These campaigns are funded by corporations and special interest groups. Since Americans chose to have information given to them as opposed to researching it themselves, this further promotes this system dominated by money fueled marketing. Americans are stupid and lazy, plain and simple. The Romans got stupid and lazy and look where that got them. We are following in their footsteps.
I do not fear religion, I despise it. The reason the Republican party has deteriorated far worse than the Democratic party is because they have focused to much on their "conservative base", a fringe group of fanatical Evangelical wackos. These same wackos hold sway over their congregation of brain washed, unintelligent lemmings to vote for these inept politicians.
Yes, there is a division in this Country and it falls along the lines of people who believe in personal freedom and liberty, and fanatical Christians who want to impose their beliefs much like the Muslim fanatics.
Religion was created by man to hold power over people. If anything it was the very first "government" created by human kind. When people like David Koresh and Jim Jones can conjure a blind following, who is to say Jesus was no different? He was just obviously better at it.
My end point is, anyone believing in a supernatural being is susceptible to believe anything.
You never answered my question on the the other board.
That is actually a really good site!
They have some serious money backing them.. very serious money.
I've heard that is a good book and was one of the books I was speaking of. I haven't read it yet, but the reviews are off the charts.
Your serious right? You need to google "Christian right".
There is a wealth of information regarding how they took control of our country. There have also been a number of books written on the subject.
It is actually quite scary. If you honestly think it has not affected our politics then you have been living with your head stuck somewhere.
Well, when you can energize the largest turn out in voter history in the U.S., the largest shift in power in decades and a candidate that excited people from many different foreign countries, I can see why he was picked.
I don't agree he was probably the best pick, but I can see why the committee voted for him. Whether or not he had won the Nobel prize or not, he would have still had a huge impact on history.
It really is simple, a large majority of Americans do not have the same views as the Religious Right. Many, including myself, feel they have gained disproportionate power in Washington.
The last election in some ways is a turning point in how our country is run. Obviously that shift is the reason there is so many who voice displeasure.
When you get right down to it, what basically happened is the Religious Right have lost their grip on politics. Those that have pushed our nation to the brink of Fascism are not to happy the liberals have gained control.
If the far left are socialist liberals, it only makes sense the far right must be evangelical fascists.
I like Ron Paul, pretty much agreed with him.
He is basically a Libertarian.. which is what I consider myself.