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There should be tens of millions in receivables from customers of SIAF who are now customers of TRW.
Is it possible that they are still on the Balance Sheet of SIAF?If so what kind of spin-off was that?
And if they are, why isn’t SIAF cash rich already?
I was always puzzled how we would have a true spin-off knowing that Solomon has been acting like a bank.
RD, I think you explained once about what would happen with the receivables after the spin off.
Are we any wiser after the Q3?
It stil seems to me that the two companies are still not totally independent.Shouldn’t SIAF’s receivables have come down passing them to TRW otherwise starting to have a lot of cash?
Not possible.December will be exciting one way or the other.They have to have the AGM and they promised they will be discussing dividends/buybacks there.
Didn’t you see the agreement they signed with a then $60M and now over $100M valued company a month ago?
Unfortunately for me the problem there was the over $300,000 convertible notes they have.So I had only very few shares.
I would have thought RJDG would have gone up a lot based on what happened with SWRM today not just because Ron and company are now a lot more wealthy.
Hopefully it will happen over the next few days.Hope they saw the power of Ihub NewsWire too today and start using it here too.
After making huge profits on SWRM today, I think Ron can now easily take RJDG forward.
SING is valued at $95M at the moment.I liked the part that says that they have the capital for promoting the apps.Also the first app will come within the 3 months they talked about after signing the LOI.
And of course the cooperation between the 2 companies is running smoothly not to mention the 50/50 split in revenues.
I was talking about telling the Transfer Agent not to update the OTC page or answer to Enquiries about the O/S.
There are companies who do that.The updates happen (and of course have to happen) in the quarterly reports.
At least it is quite reassuring to know that the reason why the price is dropping is not because people with inside information are selling, but it is ordinary shareholders like all of us(except Handl of course).
Has anybody asked IR, when details about the AGM will be sent out?
KCSA has stated there are institutional investors waiting for such milestones to occur
I’m worried that the transfer agent was told by the company to stop updating the O/S.Especially after the relatively heavy trading over the last couple of days.
I guess if we were to email them for an update on the O/S we would know.
Very sad.He still had the courage and interest to trade stocks, even though he knew that he was dying!
I liked what they posted today on Twitter:
We've been working very hard behind the scenes to make big things happen for our company and shareholders. Positive news to come shortly! #Bitcoin #Cryptocurrency
Hopefully it has something to do with the convertible notes.The only thing holding this company below 1c
Me too if I didn’t know that management is very busy with their other company SWRM too, one of the contracts they signed lately being with an $80M company.
KCSA has been the huge disappointment and failure I think.Does Solomon understand the opportunity cost of having a company that did not manage to bring a single big investor or fund on board, compared to one who would?
I really doubt whether Peter asked anybody.
Yes.No idea though of the consequences if they don’t.And if the reason why they won’t is because they promised buybacks/dividends and they cannot start even with something minimum even without the loan, then we are in big trouble here.
Then I guess they have to leave Merkur.Or there is no point in asking IR about anything anymore.
First time ever that a company will publish details about their AGM in December?
Just ringing 4-5 times and then says that it has been disconnected.
What are you waiting for?At least start by trying one of them not all 4 at the same time.
The 632 Number was ringing again today.Don’t know if it has been given to a new subscriber.I will be trying again from Monday to see if anybody from the company answers.
Unfortunately it matters and it matters a lot.Cause we really need CA not to be proven worthless.
Anybody understood what the situation with Tony was?That he was not in charge and took over at a later stage...what was that all about?
Thought SIAF was selling the system.So it was someone else trying to tweak things?
It has been confirmed by Peter(for what that is worth) to me by email about 2 weeks ago that there will be an AGM this year.
I think it is a Merkur requirement.Don’t know what would happen to their listing there if they don’t.
Anyone knows how many days notice they have to give?I think in the US is 21 days.
If your tip had an N instead of a W you would have made a lot of money today.
Unbelievable how many times this CLNT has moved up and down recently.
They are about 12 days late now compared to last year for announcing the date for the AGM.
If the days notice required by Merkur is 21, then they have until the CC for an announcement, if they decide to have it on the last day of the year.
Cash flow is possible only if they stop selling on credit like SIAF has been doing, such as by opening more retail locations(I think they already have a few).
Don’t know how easy it would be to start doing that.
Tony who usually replies quickly and is in charge of things should be sent an email asking him about the article.
Perhaps the situation will start improving cause I think they were saying that Tony took over responsibilities at the MegaFarm at a later stage.
CADC up 265% with 22M volume!
If they are late with their filings, why is it still OTC Current Information?
http://www.otcmarkets.com/stock/RJDG/news
Unfortunately their business model was always problematic selling on credit.You have to wait for falling sales to start seeing cash if your customers are among the rare exceptions and will pay you back.
And when this happens there is still no cash!On the one hand they are obviously not willing to pay and on the other they tell us that there is no cash cause it was all spent on inventories and plant & equipment.
What should a shareholder think?That they are doing everything they can either deliberately or by cooking the books to keep showing profits but no cash or bad debt.With no cash they will always have an excuse for never paying dividends and without bad debt the book value will keep increasing.
Cap-Ex finally on hold
I really hope they don't mean that TRW due to this, doesn't owe SIAF money anymore
The Balance Sheet instead of improving with the continuing fall in sales, is getting worse.Inventories up by $5M and plant and equipment up by $7M.Receivables staying basically the same with those over 120days going from $11M to $52M!
They finally started using Ihub NewsWire again.Another great strategic move!
It is probably with the cheapest traded company ever from what I see, but still.
https://ih.advfn.com/p.php?pid=nmona&article=76089190
Yes!I forgot to mention that one.I just sent some possibilities.It looked so probable that this type of price action with unbelievable volumes was going to continue with some other Chinese stock.And I guess there will be more fun next week too.
At least Silex seems to be doing very well lately.Completing work now even at Tulsa Airport.
Hope you arrange a meeting or at least speak with him on the phone to see if Iosoft is going anywhere.
https://www.facebook.com/silexinteriorsllc/
At least he confirmed that there will be an AMS.Hope he asked before replying or he definitely knows.But you take a few seconds to read again what you just wrote to see if there are any obvious mistakes.Especially if it is just 2 sentences!
Got a reply from Peter.
Dear Mr. XXXX
There will be an Annual General Meeting.
When the details about the agenda or later actions will be published has not been decided as yet. Of course, if any material events occur, they will be reported immediately.
Regards,
Peter Grossman
Investor Relations
Sino Agro Food, Inc.
Sent Peter an email asking if there will be an Annual Meeting Of Shareholders this year and when will the details about it be announced.No reply yet.