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Also, SIAF is suffering from a lack of credibility. Once SIAF starts to deliver (cash and/or stock dividends) we will start to gain some credibility, so - unless we still have heavy dumping - I find it unlikely that the PPS post TRW-dividend will be lower than 30 cents.
And AF4's productivitiy will drop to 0 MT
Well, I highly doubt we'll be trading at 35 cents at the end of 2019. Either Solomon has failed miserably with no dividends and the PPS would be way lower, or he would have started to regain trust from the market through dividends. However, we might still be trading at a heavy discount (especially with the typical delays with SIAF)
Even if I had "only" lost 90%
but by then I imagine it would be too late anyway
And at least 840 kg/m3/yr for Pearl grouper
Snow Not only a bullish factor, but one of the main arguments against a lawsuit is the ones deliberately spreading lies about SIAF on the internet is also the most eager for a lawsuit...
it didn't provide appreciation in share price
SIAF plans a long-term, pedigreed breeding program for its prawns and shrimp, as part of its quality and sustainability strategy
It doesn't make much sense to stop for three weeks and then start again as soon as you enter a new quarter, but you never know with Solomon...
There were no increase in OS last time we had a heavy volume on OTC, i.e Thursday (don't think the same is true for Merkur though).
That would make a very interesting Q4
I for one think we will be trading higher post TRW ex date than what we are currently (that's different from your point/question though). No doubt the PPS of SIAF is heavily affected by a lack of credibility, but after the TRW ex date Solomon would have proven that his intentions are true (he will not have disproven mismanagement and that he is not right for the CEO-position, but his intentions will be clear for anyone). This should give more credibility for the cash dividend policy so that we trade at a lower yield.
We still need TRW-financing (loan and/or pre-IPO) or some other means to be comfortable that SIAF doesn't have to dilute further for the cash dividend, but the 2018-dividend is only 2-3MUSD so hopefully not even Solomon is able to screw that one up.
the ex-dividend date is not even before the payment date
While the ex-dividend date is indeed set by the exchange, it occurs not before the record date, but after
I guess everyone still believes they can buy it cheap
I consider an aqua firm 4 update more relevant than the other firms
Is this a bonus update then, or will it replace the information that we are waiting for? (or did I misunderstand the CC?)
An update from AF4 might be interesting, especially if it was not something they were planning to give initially...
True. The prospects of the other subsidiaries (including CA) does not seem as good as it used to, but there is still some value; MEIJI, SJAP, HSA and HU are all profitable after all (at least in gross profits) and CA will generate nice profits post TRW-financing (although distributing shares in CA might not be relevant as long as CA only does business with TRW).
Unless CA gets some contracts besides TRW maybe MEIJI is the next candidate for COSO?
AF4? I thought we were waiting for AF1-3? Not that I mind any update on AF4 as well
That's why these spin-offs are crucial
It does seem like the 55 cents batch is over - and it would make sense to be done with it before we enter Q3.
If it truly is over, then new investors might be able to double their investment in some months (minimum 10 cents in 2019 equals a 13.5% yield at 2x37=74 cents)
You're looking at 4 interesting months then.
OS didn't increase yesterday so maybe (...) Solomon has timed the dilution so that the last increase in OS is in June. Maybe. It would make sense. If so, then the PPS can finally start to climb (if Solomon hasn't abused us too much that is).
70 cents by October surely is possible, but I'm not sure how probable it is. If they set the ex date for the TRW-shares in Q3 then we should trade well above 70 cents, but if they continue with the delays and excuses? I don't think the cash dividend alone will defend a PPS of 70 cents, not before they have set the first ex date (and maybe also paid the first dividend as well), but I might be wrong - all we need is for the market to start believe in Solomon and that the worst is behind us.
And I'm going to have to repeat it ad infinitum for the next 6 months so that management gets it
It looks like I don't have to sell any shares until late August at the earliest
No announcement by October and it could be problematic
A buyout would be a mockery of the longtimers (and I'm not sure it would be very wise considering that it is mismanagement that has caused the collapse in PPS).
However, SIAF could offer to buyback all shares for say $1 post TRW-financing. That would give the new shareholders an exit-opportunity while supporting the PPS at $1. We should consider ourselves lucky if we were able to get the 55 cents batch back with a 100% premium.
Yes, hence my "we can't ask that of him". However, he doesn't need more shares in SIAF lol Actually, there might be some benefits for him as well by doing so; it would show potential shareholders that we have a major shareholder that is looking out for our interest, and/or to pick up and correct some of Solomon's mistakes. That should help the PPS, but of course the most sensible thing - from a business perspective - would be to convert to SIAF-shares. Although another 8M shares could fuel the talks about lawsuits as well, which would not be in his interest.
Garrett is a true gentleman that is for sure
The clue - as you've pointed out several times - would be to sell TRW-shares at book (unless SIAF is able to get a hold of enough cash). I hope Garret will surprise us and convert the 2MUSD into TRW-shares - we can't ask that of him, but it would be a true gentleman's gesture.
Ah, now I think I understand; the issuance at 55 cents has nothing to do with a possible repayment for ECAB. They were forced to issue at 55 cents and - if they now get cash flow going - they might consider paying of ECAB to avoid the 5.2M shares. Yes, that is something they can (and should) do if TRW gets external financing and SIAFs cash flow allows it.
Unless the OS has increased and there is a delay, then I believe RD already reported that we have a new record (post 55-cents dilution). If we don't get an increase today either, then maybe they have timed it so that the dilution would be done by the end of June (i.e this week), i.e Q2. That would make sense (although Solomon seems to be immune towards making sense from time to time! lol)
Issue stock for $0.55 and buy it back for $3.00
Yes, it does look that way. Hopefully we'll be done with the 55 cents batch in Q2 (i.e this week) so that we don't need to deal with it in Q3 as well.
TRW delayed because of loan and/or pre-IPO. Does this mean that it will continue to delay, that we know finally are real close to financing, or will they go ahead with the TRW-dividend in spite of being adviced against it?
I might be wrong, but I got the impression that they would give us an update from AF1-3 and not just videos. Maybe they are planning on putting together something like the memo last year???
Targeting June that is. I believe it was Tony who said it.
Is this for fingerlings for AF4, purification at AF4, or just for CA and not TRW?
has been servicing groups of farmers aiming to develop some of their properties (estimated over 600 Mu collectively) in nearby regional districts within 2018 as well as over 400 Mu of land next to ODRAS(3G) farm (1) in 2018
Agreed
with just a grain of salt
I know no one personally who has seen the facilities
No strange trading in the last minutes today - a good sign, or are we just holding our breath to see if the OS will increase or not?
Let's see if we can get to, and through, the weekend without an increased OS then. Not sure if the PPS can resist much more dumping.
If we have 2 weeks of no O/S increases then I think it's time to start calling friends and family and get some more buyers here
Let them figure it out