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And the husband strikes again...
It will never change, it would be totally foolish to believe otherwise.
Lots of ugliness yet to surface, we will see days worse than this for sure.
Zero I think your analogy is inaccurate. I would put the relationship with shareholders and the company more like a submissive wife and wife beater relationship.
The wife beater always promises to change, says it will not happen again, and future will be better. This time he will do the great things he promised. And the submissive wife believes every time. And she gets beaten time and time again getting in worse condition over time. But she loves him, can never leave him.
That's just the way she is, and that's the way he is. They will never change or never learn.
Nothing good can not come out of the relationship, the end will come in the form of death or jail. But they are stuck in their ways.
I see wife has been getting hopes up last couple of days that he will do the right thing and not hurt her like every time before...
This time it will be different?
of course not....
Wow +10% after -90%. That totals -89%.
I have met a bunch of dishonest people in the business in my time. Now lately our landlord. Although that dishonesty is not affecting our business much, I just see how he leaves payments unpaid. Makes stories. Future outlooks are all... well... ..mega. There's been people with baseball bats on our door looking for him. Him being in the court is normal thing, doesn't affect him. Big banks do wrong with him. It's always somebody elses fault. And he has let us down too, we KNOW it.
I just recognize this "modus operandi", this same character with this case here. It's just even worse. Absolute total disregard with people who trust, who lend money or services. And with this case: people who buy shares. Snake is a snake and will never change.
It is mind boggling and shocking the belief, the following, the cult here.
Much like with my partner. I have to sit him down and explain what is really going on after he has talked with this dude. Somehow these types have the ability to get to some minds with their stories. They have "facts" but real life does not reflect them at all.
Because you know they are not on your side. They are doing this for themselves only. And deep down you know the books are just fantasy. They could pay 10 cents dividend or more easily if things were true.
So is it because the books are correct but they just don't care about the investors at all?
Or is it because the books are fantasy only?
Or is it because of both?
I choose the last one, makes most sense.
You would have saved a ton of money listening to him. Proof is in the pudding. What were the triggers for last year? What they planned and promised? What Zero promised? He has been right, believing the company... ..equals being wrong.
I don't think they made any bad decisions on their own behalf. If(!) they get off the hook. They got people believing they have lots of assets, business and expertise. Really only being numb skulls with a shell of a company. They have made a lot of money and still do.
The truly bad decisions, bad advice and horrible results happen here where investors have been lured into put their money into this getting nothing back.
They are not going to come to next Q-report wearing t-shirts saying "we are scammers", wearing caps saying the same and hand out a Q-report that says "confession of the fraud".
I mean how much evidence and beating you need??
How obvious does it need to be?
How close to zero the PPS needs to go?
This is the main marketing channel for the shares.
It's definitely not healthy what's going on here, lots of people losing money, but same over positive pseudo science is backed up here every day by tens or hundreds of messages. Same folks nurturing denial and planting the seed of "enormous riches". Day after day after day...
The pseudo Siaf science can f-up the head pretty bad. I noticed in our local forum people talk just like the "heroes" here.
Real life starts get shut out, warning signs and red flags are not in the books of Siaf, so they are not facts... And what's not in real life but is in the Siaf books, that's a fact.
It's like a religious cult almost.
Be aware.
Same guys still singing the siaf songs, same guys and some new trying to lure you back.
This is like a religious cult or something, just be glad you got out.
Let others suffer, those advertising it here constantly truly deserve the pain they are in.
In tune? The most horrible investing advice in the history of investing and you defend those guys who cleaned you. :D
There's kings here sure. Like Zero and Joe. If only you had listened to them.
They can't grow prawns under roof. That's from the CEO.
I have said that this heater incident will be used as an excuse for once again not having profits. Smokescreen of fake activity that will serve as an excuse as well. Wait and see.
How many times it's been like this? How many times folks here have been promising something with these silly "triggers" or whatever this is supposed to be?
It is pathetic. If they needed heaters, they should have been there years ago, without any trial and error, but based on basic knowledge.
Where to they are luring you once again? Solomon has said in an interview that they can't grow prawns adult. And it's fairly recent. There is no prawn business, only on paper.
Is it a MEGA-heater?
Pathetic. There's no money in Siaf, and Triway is just Siaf in new Emperor's clothes so that under that name the same broke mess of corporate structure might get loan money.
There will be no boilers in real life, but it will be mentioned in the next Q report as one the reasons why once again they have no money but "business is very good".
The PPS of Siaf is a fact. Them being unable to sell any parts of "their" company is a fact. Them not having any income to share with shareholders is a fact.
Everything happening in the real world supports Zeros views much much better than any of these hopes and dreams that reality wouldn't reflect the true state of affairs there.
Zeros investment advice (sell) has also being much much more sound and sane than those views opposing.
Do you still buy more because it's cheap?
I guess not.
Game over.
I don't think they really had/earned anything 4 or 5 years back either. It was just that people still believed the books and stories. No real assets merged or return to owners happened. Just empty bank account and desperate need for loan left from those years, there's nothing to show for the claimed success.
I think that kind of thicket of fruit bearing trees could produce several million dollars inventory of fruits and fruit juice and tens of millions in sales.
=D
If there is a company trading at 3,5% of the book value you take a loan and just buy everything you can, and get rich. You take a MEGAloan to buy the stock! =D
Now you have ONE questionable insider buying, that's not "insiders buying" really. And we don't know the circumstances.
Who is the one lying really, do you believe they have the assets and income they claim to have, do they believe that themselves? Heck no.
It is a joke, it's going down with this PPS, it is obvious that I'm not the big liar. It's THEIR stories that are out of this world.
Lavrege, you got it all wrong. There are no sales. This sells for 3,5% of the book value, and insiders don't buy. Stop with the math or you get drawn into the scam.
"Small shed"? =D
Way to go Siaf! Of course they own money somebody for doing that and have to sell some shares, but nice that they got something done.
Book value will probably go up 10 million dollars because of this. Maybe it will be own subsidiary called Siaf Hardware and Storage Ltd?
I just know they need money too much compared to what they claim to make. And nothing moves on really, only corporate structure.
I can't really know what it is but if you own stock and believe them, should you not ask more from them? If they can't convince people get pps go up, they can't pay dividend and are needy for loan money wt* is that? And making profits all the time? And they kinda had those aquafarms already but it needs money to have them again...? It makes no sense.
There's always people who want to believe. Still after two decades of "Nigerian letters" well covered in media and everywhere there's 5-10 people each year according to our foreign ministry who fall for it and send money. It's just like siaf. Always going to be people who want to believe even all sane people around are telling it's a scam, even with all the warning signs. Greed is like that. People think there's a shortcut to getting rich. And there's always going to be snakes to exploit that character of human mind.
The EPS is rubbish. Read the "negative" posters, they have been right all the time. It's a scam or if I would put it very politely it's a project managed by a seemingly senile person who doesn't have a clue and doesn't care about investors benefit at all.
What capex indeed? They earn nothing and own nothing. That's why there's need for loan, that's why they can't get it. That's why PPS has plummeted and that's why there's no dividends or buy-backs.
Stories about big income and it vanishing always just at the last moment (to "capex" or "with the flood" or whatever), that's how you scam. Keep people thinking there's plenty of riches, get money from them on that basis and then tell them how the money slipped "this time" but we are getting closer to the big riches...
The company is worth 20 million and going down, sure as hell there's no "27 million cash flow" or real assets worth of hundreds of millions..
There's no employees?
The shares go up, that seems to be the business.
Dividends, buy-backs, or happy customers with truck full of prawns, nobody has seen them and likely never will.
Do you think it's possible Solly found a "customer"? This IS his job, to find investors (it's not like his selling prawns) and market doesn't believe anymore, so he must be desperate to get some individuals along.. But i couldn't imagine someone buying this from the market unless there was other incentives in play. Interesting times.
That's not investing, that's lending and currency for payback is Siaf stock. Soon to be devaluated when he needs his money back.
This will be your megaloan. :D
It's almost on daily basis here which great investing mind buys into this next. :D Also they hear "triggers" from the company regularly. Such a node of information here, prof is in the pudding everybody is rich.. :P
Nothing ever really happens.
Somebody has bought worth 10 million into a company worth 25 million where he can have no say because Solly has all the A-shares. That's gotta be the dumbest investor ever, minus 80% or what? but Solly does makes people around him shine. But then again, this doesn't seem like a true story either.
You just need to find one in Norway whose name is Solomon Solomon, he is the chosen one and he will fix everything.
Trw was just created as is, track record? Track record is that of Siaf's. And future will be similar. Gotta make it more complex to stay ahead of those who lent Siaf money and are after now... To me it looks grim. They did it because they had to and it's of course not a good thing that siaf shareholders see key parts of the company moved elsewhere. You have not been paid cash or stocks, it's just on paper, as usual. It's obvious that the operating environment for siaf has gone quite sour.
Mark is not my real name, just an alias cause my real name is a bit difficult to pronounce in english. But thanks for the heads up. Maybe i'll use Solomon in Norway. :D
Probably was Yip Kun's company at OTC, anyway names don't get much more pompous than Solomon. Everything is loaded to the fullest with expectations all the way to the name... The company always has impressive plans and paperwork. Obviously they have no money at all having these toxic loans. A toxic loan - no money - bad track record company will not get a "mega"loan for sure. Well ok, they set up another. I wonder if it's that easy and lenders have as blue eyes as the investors?
Oh and i make a guess: they will get a loan. It will be a smaller loan though. But they have to use it for paying the toxic loans. Therefore at this time there will be no buy-backs or dividend, rest of the loan will go developing TRW current facilities. Number of shares might go up slightly because of the loan.
Always at any given time for last years it's been one of these: PPS sky rocketing soon, mega farm soon, mega deal soon, mega loan soon, dividend soon, buy-backs soon. People buying on those dreams have lost a lot.
None of these have happened. The company never delivers and always the reason is outside: flood, drought, shorters, officials, banks, latest now is a toxic loan.
If you have no income and no intention to pay back all loans are toxic. Why did they get a loan 1,5 years ago? They had huge wins on the paper back then, they didn't even need money. Or did they? At the peak of their performance they were dependent actually on lenders and they were not able to grow. Where's the money then? Once again we get a glimpse at what it really is.
Btw I never before stopped thinking about the name Solomon. That's biblical, symbol for justice. Nothing to do with the real name. I wonder did he choose it scandinavian investors in mind. Next time you get info from the company it's not from "Solomon". I think it's healthy to keep in mind that it's just from that Yip Kun dude with terrible track record at losing peoples money.
He writes that management is committed to value destruction. We can argue the choice of words but the core of it is a very very hard fact. 90%+ gone more stocks flooding to the market than ever, it's just getting worse. You need to wake up. Things are not complicated. Just need to start believing in the real life results, not stories.