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Marketwired has never been used by SIAF before I think.Anyway we will know tomorrow I guess if the news was a hoax or not.
Yes.In case they notice SIAF and don’t mind that it is OTC, whoever are playing these games, and one day gets the kind of volume that LINU for example got yesterday, the short squeeze and gains would be phenomenal.
Huge interest yesterday all of a sudden in some Chinese stocks such as ABAC & CALI continuing today with big gains for LINU, CCCL, CREG and others.It’s that time of year I guess...
Wow!Unfortunately went up by another half a million.What is this all about?We are now at 28,394,573.Up from 27,811,573.So that is actually 583,000 more shares.
Hopefully they went to the “not-selling them” entities.
Do the top-up shares have to be returned in case of a rising shareprice?
I should think so and would be great to see that happening.
Would be great if it is the TRW loan they are counting on and obviously very confident they will get it.
But as I said a smaller loan or some other sort of agreement with ECAB is probable too.Could also involve FD or someone else he appoints getting a seat at SIAF or TRW not excluding the top position in the latter.
So it seems that as I had thought, Solomon was in Sweden to discuss some sort of agreement with FD that this time would involve a share buyback program unlike their first one.
So I guess 5th October 17 was finally the date we would hear the announcement we have been waiting for, for years!
You cannot have positive momentum with this stock.With the 2 exchanges combined we would have a nice little gain yesterday and probably build from there today.
But even after a really good day yesterday in Oslo you get OTC going down and so shareholders on Merkur deciding to sell having as reference not yesterday’s good day and gains but the 10c lower price in America.
I used to think that this is not important anymore with the big damage having already been done.But not anymore with the collaterals and the top-ups.The shareprice decline MUST stop.
What’s a $45,000 loss for a pilot!Wish I had a job like yours!
Piece of cake to take OTC down and even make it look on big volume.They had to otherwise Merkur might go up again tomorrow.Not much chance for that happening now.
Still non-ending supply of shares.
Just in the unlikely case we are seeing un-registered shares entering the market anyone knows whether the company would be the sole suspect or might someone else be responsible?
Another kitchen installation by Silex.They have been quite busy lately.
https://www.facebook.com/SilexInteriorsOfficial/
Rich is a very subjective term and of course it depends also in which country you live.
Think they are out of business and they are trying to get going again.
Well fingers crossed and let's hope so.Then it will be great to see that with the shareprice having stopped falling, there will be no more new shares issued.
Nef, you will either one day be able to buy 150,000 shares with very little money or you will be rich even with some 10 or 20 thousand shares.There is
no inbetween with SIAF.
Big hoax would also explain why we haven’t had any insider buying for years.
I mean even in Dan’s case.He would really hate it if this ever gets the valuation it “deserves”.
Staying with just 150,000 shares adding nothing to that total at such low levels.
Yes.Would you mind telling us why you are so sure they are working on a plan to boost the share price?
There had been speculation about unregistered shares long before the collateral shares came onto the scene.It was the best explanation for big volumes and falling share price at the time.
Someone said that Solomon is a gambler.Was it a joke, speculation or is it true?You know gambling addiction in its extreme form can make you do some crazy things not knowing where to stop.
Approaching the €1/SHARE.Are we even going to see this week the possibility of being able to buy more than one share per €?
Is that what Solomon is waiting for, before announcing some shareholder friendly action?
Something nobody has experience in the world about, is the unique situation SIAF is in, being listed on 2 small exchanges with the one of them having a maximum of one third of the shares.
I personally believe that a share buyback can have at least double the effect because of this.
You really doubt that if they indeed spend $20M over the next year we would be close to $20?
Imagine for example that FD gives a loan to the company and also takes a seat on the BOD to oversee the buyback program!
There may even be a small chance that this is what happened after Solomon’s visit to Scandinavia.FD told him that there is money but only if most of it goes to buyback shares.And that is why Solomon all of a sudden talked to Swede about it.
But anyway I wouldn’t mind if the $20M takes us only to $5/share but with only 14M O/S remaining.
Try the IhubNewswire if we are going to get a few more interested here.It is just $100/PR.
Otherwise what is the point of hurrying to promote the stock.Let’s see some of those millions of projected revenues materialize first.
I guess that in case TRW can’t get the $100M loan, their other best option is to forget HK that requires at least 3 years probably, and list somewhere else so they can raise IPO money from there.HongKong can be a target for the future(dual listing which they love can be an option for there too).They have the power of KCSA behind them for a successful IPO too.
By the way Swede.Another opportunity missed for asking Solomon if he is still happy with KCSA?
Silex have been completing projects quite regularly, but of course yes this is all about what Iosoft can achieve.
https://www.facebook.com/SilexInteriorsOfficial/
Swede add my 22,000 too.Sorry didn't take time to email before.
Thanks for the update with Solomon.
RD, do you think these are new collaterals or top-ups?If it is top-ups aren’t those issued every quarter or so?
Why did we have at least 3 increases lately?
There is at least another way.Get someone other than KCSA to promote the stock in the USA and also in China.
Or leave KCSA if Solomon loves them so much and get someone new just for China.
However I’m worried that Solomon will need to answer questions to anyone new that he is not willing to answer cause he has things to hide.That’s why he is still ‘happy’ with KCSA who probably the only time they spent on the stock was the few minutes they spent talking mostly nonsense at a couple of CCs.
I guess you didn’t notice that the best bid is at $1.35 and also cause you are American may not care too much that when we were at $7 the US dollar was also 10% stronger than it is now.
When the price is manipulated and the CEO takes no action such as suck KCSA and have someone else try,
stop the dual listing(they thought it would hurt the shareprice-we would be lower than we are today!!??) and of course does not announce even a minimal share buyback/dividend program to scare the collateral shareholders in case they are selling(they still doubt it???) then the banks might take a second look at the CEO too.
Agree 100%.Though I doubt that receivables are as secure as they have been telling us.
I believe No.1 problem for the company at the moment is KCSA.You can't be heading closer and closer to $1/share and still being unable to convince any fund or big investor to start investing some money here.
Makes you suspicious that they are doing it on purpose so that shorts and those selling the collaterals can act without any danger.
Because they are known to not spend too much time in writing their PR’s, there is a chance they meant fiscal 2018 and not calendar 2018.Otherwise it doesn’t make sense.Will their marketing partners be on holiday till then?
Because of the 100’s of thousands of stocks, it is the ONLY ONE that is listed on both the OTC and also the smallest exchange in the world, Merkur and they have found out quickly and for 20 months now that this is the easiest stock in the world to manipulate.
The stock is heading up on either Merkur or OTC and they never wait till at least the following day to sell.They want and need either minimal gains or red closes to kill any chances of positive momentum.
Much relief too that the US$ has stopped its freefall.
And what if they get trapped in a huge short squeeze?
No I was serious.Did anybody believe when the agreement was made and SIAF was at $12 that there was any chance it would ever go so low?
Yes they lose their money if it goes to zero.It is like I give somebody a loan and he gives me as guarantee shares in AAPL.If AAPL were to go to zero and I don't get paid back I lose my money.But having AAPL shares as guarantee is a "risk" I'm prepared to take.
Having the SIAF shares as collateral is an extra safety for the lenders.
CHGI have been around and filing regularly for 10 years.They got rid of their VIE structure at some stage and recently they announced that if they get financing they can produce up to 10,000 tons of Graphene a substance that is sold by the gram.
At 4-5c they are valued at just over $1M.
https://finance.yahoo.com/news/successful-pilot-scale-high-quality-133000137.html
Does it mean that with the price dropping from $12 to around $2 and having relatively few extra collaterals issued, if it drops even further it will not be a total disaster?
He would have made them entitled for TRW shares I guess.