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RD how many short attacks have there been on Chinese stocks over the last couple of years.I can only think of PME which was priced at the time at at least 20 times what SIAF is priced at now.And not too much damage was done there.
So when the stock is trading at a level that nobody thought it was possible and there are so many other things to worry about is there any point to worry about a small probability of a short attack too?
Notes to Consolidated Financial Statements on F-48.
I guess they should now be a step closer to satisfying the SEC.
Apparently no plans to replace KCSA(can't believe it that nobody asked Solomon about them at the recent meetings), no plans for buybacks/dividend short term, dual listing in place and no PR from the company explaining the situation with the collateral shares, I guess what we are seeing with the shareprice is to be expected.
We have been needing new big investors entering the market to reverse the trend but we haven't had them.
Got this reply yesterday for a question I sent for the CC that maybe they should examine whether the dual listing might be hurting the shareprice.It is obviously all about the COSO as has been for so long.No other actions.
Your observation may well be true, though I'm pretty sure that if SIAF were to delist from either OTCBB or Merkur, its shareholders in the respective parts of the world would not view it favorably.
Ths Company's plan to unlock value is articulated here:
http://sinoagrofood.investorroom.com/COSO-strategy
Hopefully, execution of the strategy will nullify any headwinds, if indeed there are, from the "parent company's dual listing.
Regards,
Peter Grossman
Investor Relations
Sino Agro Food, Inc.
It means that apart from e-mails to the company, an e-mail to the SEC informing them that they have to look into this and press perhaps for filings, has to be sent.
Of course is it possible that because these collateral shares, because they don't have equal rights can be exempt from filing requirements?Anyway hopefully we will soon get some answers.
I guess the conclusion is that they were never 'collateral' shares.This is just pure dilution.
It is basically the only thing that can explain why the shareprice is where it is.Or Solomon will try to find an explanation in the future that there was a misunderstanding somewhere and the shares were sold immediately
instead of being held as security unless of course he has made an under the table deal with them and they know when they will be asked back.
They are hoping for $6M-$7M revenue for 2018!
This time it could be a win-win deal with ECAB.
Half of the money going for operations and the other half towards buyback/dividends.
A deal FD should have done with his first loan.
Looks like TIENPAY will list in London.Not much hope anymore for ZNTR.
You mean Hurricane Solomon is as dangerous for damaging properties as Hurricane Irma?
Except they begin to worry when someone from another country feels the need to make a long trip just to ask a few questions.Erik never got back to me.
Hope they don't forget to ask about KCSA too.
You don't usually go in Chinese microcaps hoping for just a 100% and then celebrating after they make it.
There is risk of total destruction in share value despite what the fundamentals are saying as we have seen with SIAF.Without dividends or buybacks Chinese stocks that have not strong institutional support seem to require years and years of patience that nobody knows for certain how it will end.
However the minimum of dividends or buybacks do the trick in almost every case.However there are so many CEO's,Solomon amongst them, who always find excuses or devise plans for not taking action.
Just a reminder of what can be done when they have the money and they finally think the timing is right(perhaps $1.85 is not low enough?)
And don't forget that CBMG has been losing money for years and who knows if they will ever become profitable.However that $10M announcement may have saved them from bankrupcy and have ensured a bright future for them.They can get funding with terms they could only dream of 4 months ago.
CBMG now up over 100% since their buyback announcement in early May from
$5.30 to $10.90 adding about $80M to their market capitalization!
And who knows if they have spent a single dollar of that $10M buyback
investment they announced.
Snow can you provide place and time please?Good opportunity to visit Scandinavia and meet this man.
Snow when is the meeting in Oslo?
Hopefully he is visiting to stop this Merkur 'experiment' that has led people to even imagine that 50c is possible.
Why didn't they publicize this?
Swede stop saying that the company doesn't have a few hundred thousand dollars for dividends per quarter because it is not true.
I was saying months ago that the company has to start even if necessary with the minimum just 1c/quarter dividend until conditions would allow for something better(taking as example PME who with just 1c dividend taking into account the lawsuits,hit pieces,Chinese is currently priced like AMZN)
However after the collateral shares situation it doesn't make much sense to pay a dividend.It makes more sense to buyback shares.You have borrowed money and you spend some of it on a stock that is trading at 7% book with great growth prospects.YOURS.
Major trigger hopefully coming up this month with the possible dismissal of KCSA(waste of time and money and Triway can hire them if they think they will be so wonderful for their funding efforts).
Hire Bespoke of KGJI fame or The Equity Group of PME fame or anybody with preferably some decent track record with Chinese stocks.Perhaps Solomon might begin to listen to some advice too.
Yes!100% bogus.Worst English ever and not an official OTC filing cause they obviously can't.
Looks too much a Nigerian attempt to fool investors.Didn't work for whoever tried it.
I guess Americans need to take into consideration that the stock has become especially cheap for foreigners cause the Dollar has weakened a lot rescently.
For example if the stock drops to $1.75 a European will need to spend just €1.47 nowadays to buy it.
It was the joke excuse that a dividend or buyback would hurt Triway's chances of securing a loan until today.
I guess they have changed that again today into the less ridiculous excuse that they simply have not enough cash flow.
Whatever the eventual outcome in the coming years, Solomon's behavior towards the shareholders that have helped him build his company has been unethical and disgraceful.
Letting them sell part, most or all their shares at a huge loss because of uncertainty, lies, broken promises and stubbornes in not willing to spend even the minimum for supporting the shareprice.
No Tony(he could have taken the expansion abroad question) and no KCSA guy
on the call today.
We maybe at a point when not much is expected for the time being and hence not much price movement with no prospects of a dividend/buyback, but there is always the outside chance of a big investor finally getting interested or most of those who have finally had enough selling their shares so we start to slowly move upwards.
Yeah!They are so enthusiastic about a dividend that when they had the chance to get the cash from Triway they said we cannot use it in any other more useful way, at least part of it, so let's put it ALL back into Triway.
Snow I guess it is too late now to worry about the dual listing.The damage and the stress that has probably caused us over the last couple of years has already been done.But at least if they end it, it will stop some from keep making money on our backs from the arbitrage.I guess they should already be happy with the money they have made risk free.It is time they go elsewhere to try and find ways to make money so easily.
Don't think any investor cares where his shares are listed as long as they are performing well.
And as it is all about Triway now and Hong Kong if the Sec becomes a bottleneck, of course why not delist from the US.It is not as if they will be leaving Nasdaq or NYSE anyway.But I wouldn't think the Sec is an urgency just yet.They have already told us that HK requires a company to show some operational history.
Current assets - Liabilities is enough to show how much underpriced is.Let alone the rest of the fixed assets.
Sent a question about the dual listing.Isn't it time we become shareholders of a normal stock and stop us with shares in the US looking to see what happened in Norway to decide whether to buy or sell or do nothing and vice-versa?My god it is so tiring and exhausting and ends in the same way for about 2 years now;never in a positive momentum for more than a few days and in a downward trend about 90% of the time.
Of course don't be stupid to stop it if there are plans for a buyback.Shorts will not know what hit them.
The dual listing helps manipulators to save their ammunition and use it only when and where required.
They may not want for example a second green day in a row tomorrow in Norway.
At least US$ again below 1.19 to the Euro at the moment.Still taking into account the exchange rate we are down 88% since the infamous day that Solomon promised a dividend.Exactly 26 months later we are still waiting.
They might like to retain http://www.buyins.net/ in case they worry that that is the problem for the low shareprice.WEYL have just done so https://finance.yahoo.com/news/weyland-tech-retains-buyins-net-143000192.html
I would suggest that apart from the obvious reasons, they might want to examine whether the dual listing is the reason the shareprice is so low.
You didn't really ask for an answer.Why did you leave out the buyback option?It is they who said they are considering both options.
Yes!Looks like they are working with NetworkNewsWire.
No.Thought there would be some further after the last 8-K by now so didn't bother.
Also thought there would be more interest in the stock at least from those 4 and their circles.
I guess it might be time to try and see if anyone replies with anything of interest.Did you try or do you have any emails so that I don't have to search?
Also did you try that 632 number lately?
Have also been thinking that a trip to Lanzhou if it was possible to meet anybody from management might be worth considering.
With the weakening dollar it is getting cheaper and cheaper for them to do so.If only of course the exchange rate was one of their concerns!
Had you posted this here before?He sounded disappointed and perhaps he decided to sell a few shares.
snow So it is better if some insiders know what the rest of us don't and then you will not mind if they are asked at the CC and they say 'no comment' so as to hide the bad news!
A company that supposedly cares about its shareholders and issues 5-6 updates about the TRW developments does not bother to issue a PR addressing their collateral shares concerns.
If we have the collateral shares sold into the market, the shareprice might go so high that they will not be able to afford to buy them back and return them.Is that possible and what would happen in that case?
Can SIAF do anything about it?Just perhaps take them to court?What if they just declare bankruptcy?