Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I care I want to know if there is a back-up plan to the TRW-loan or if everything still is depending on it... The sooner TRW gets the loan (or has a pre-IPO) the sooner we can expect to get rid of the horrible dilution (which is my main issue with Solomon).
Also; with a pre-IPO we have two major triggers and not just one.
Mera; 10ish months ago I wrote here that they could issue a PR about a cash dividend with a payment 6ish months later (I don't remember the exact details about what I wrote, but it was inspired by my experience with the Ekornes-dividend). This is basically what they have done now. Sorry to hear that you think what they have done now was not a good move
Also keep in mind that the cash dividend they now are planning on paying is more or less the same amount that SIAF repaid Solomon in H1/17! I.e they could easily have done this one year ago if they wanted to. And it's not like they can try to use the excuse that they didn't realise that the PPS could go down either... It is true that we don't know the circumstances, but I don't see any reason to defend incompetence just because we don't have all the details.
So boring to read all the good advice from posters!
Try to see what they are doing! See the opportunity!
Tri-way, a HK registered company with operations in China, has up until now been exclusively dependent on its farms in China as its primary source of
income that with sufficient CapEx would be capable of having production levels ramping up over the next three years, and in turn, generate sufficient
cash-flow to meet the income levels needed to be achieved throughout the pre-IPO process
Mera; Yes, I do not like to be lied to - I tolerated the heavy decline in PPS that the management accepted (well, were the reason to, but let's be nice), but heavy dilution at 2% of book? And warnings in the Q1 that we should expect more? Why shouldn't we complain, but if you are happy then please loan me 100$ and I will sell your 100$ for 2$
Either SIAF is a fraud, or they will do what they have promised!
Do the calculations on the cash dividends! It is a super deal to buy SIAF shares at this levels!
They are making good money.
hmm Can it be that Solomon will allow Garret (his toxic note and/or other shares) and/or other large shareholder to gain a majority of the a-series?
It doesn't seem like Solomon, but didn't Garret say that he wouldn't want a seat of the BOD? If Garret get a-shares, but Solomon keeps the majority Garret could be in for real trouble for future mistakes Solomon makes. However, if Solomon trusts Garret then he could give him (and others) a (total) of 50.1% and still be safe(ish) - that would instill a huge portion of trust and credibility in the market.
Wishful thinking?
But the stock divi is really worth $2 per SIAF share
Solomon was caught by surprise, somehow
I also expect some insiders to buy now, if they have the opportunity
I hope Garrett buys more aswell
Empty; Merkur closed 65% up today (that's compared to Friday btw, Merkur was closed yesterday)
http://www.netfonds.no/quotes/ppaper.php?paper=SIAF-ME.MERK
Oh, I know the answers, black
1- Will the dilution stop (only the Garrett conversion remaining pending)? No
2- When will the transfer of shares of Triway be carried out? Later
3- If the loan is granted to Triway, would the dividend policy increase?
Actually, I don't know the answer to this one
Perhaps SIAF will sell some TRW stock or during pre-IPO
why would I not buy?
Obviously, I believe the price will be higher a month or six months from now, or I would sell.
Yes, but is this also based upon the TRW-loan to close within Q4? (i.e he has set a date so far away that the loan MUST ("must") be closed by then) Or does he have a back-up plan this time? (and why did he sacrifice SIAF for TRW in 2017 and 2018 if he didn't have to, or have things changed now TRW-wise?)
I hope they'll go into this in the CC so that we (well, those that are still able to muster some faith in Solomon) feel safe that there is 100% sure that there will be a 5 cent dividend in Q4 and - more (?) importantly - that it will NOT be financed through more dilution, toxic notes or what-have-you.
Sorry, obviously time for bed for me; 40-130 days.
What is your take on the Q-report?
Yes, there should be no problem if Solomon (well, TRW) WANTS to, but the same applied to 2017 and so far in 2018 as well. However, Solomon chose to get the 4MUSD toxic note from Garret in 2017, and he chose to dilute us "for fun" (my words) at 2% in Q2. So the question is what has changed? (if any)
Sorry, RD, I meant "In the 10-K this was Q3, i.e in 10-40 days..."
snow; Indeed, and they are also delaying the ex date 4-7 months as well. That's not how you play it when you have lost all credibility from delays and broken promises...
However, there is one BIG difference now, no?
Under the advisement of its Board of Directors, the Company has decided to issue the following cash dividends for Fiscal Years 2018 and 2019
That didn't stop him from selling a butload of shares @55cents in Q2...
It shouldn't be difficult if Solomon WANTS to, but that has been true for quite some time; i.e TRW spends a PART of its net profits for capex, i.e there should be some money available for repayment to SIAF (disregarding what we do not know in terms of cash flow vs net profits).
Anyone who bothers to ask them how they will make sure that they have the cash available for the cash dividend if everything fails? (i.e no TRW-loan, no pre-IPO, no nothing)
down; good point, but so has wolly. Or, in other words; given the news in the Q1-report. What do you think the PPS will be in 30 days? 60 days? 90 days?
Solomon has NO credibility and yet he chooses to state that there will be a cash dividend in 6 months. No update on the TRW-dividend that is about to happen in 10-40 days according to the recent 10-K!
Also; they failed to do it quarterly, so one time now and semi-annual in 2019. I.e this is STILL all about the TRW-loan and TRW-dividend...
Oh, btw, you disregarded the (insert % here) dilution the last 12 months. This is a super-high risk investment. 16% yield is not decent in that respect, especially when the PPS can be manipulated so easily without management stepping in.
However; with the regard to the stock crashing tomorrow I have no idea, my guess is a nice bounce on Merkur that might (or might not) be cancelled by OTC. However, I am more anxious in the "mid" term, i.e mid Q2 and onwards.
I'm not sure I agree with that, cheap10
Declare a Rights Dividend. A rights dividend acts and looks the same way as a regular dividend. It gives each shareholder a “right” to buy stock at “$x” price until “y” time in effort to avoid ownership change in the Company
Allow for friendly common shareholders to convert his/her common shares into preferred stock
Well, according to the Q1 they don't (ish?);
These results from TW and from CA reflect Tri-way’s “Plan B” strategy, which limits TW’s capital expenditures and CA’s revenue from project development attributable to TW to a percentage of TW’s net income. TW is still profitable and growing. “Plan A” would greatly accelerate growth upon successful closing of its anticipated debt financing.
Tri-way share distribution to SIAF shareholders
The Company wishes to inform its shareholders that it continues to work toward a means of providing its shareholders with share ownership in Tri-way as it had intended since the carve-out of the Tri-way subsidiary. To date, an option allowing for an almost tax-free burden to the Company appears to have materialized while still providing shareholders an 18.3% distribution of Tri-way’s fair-market value. The Company intends to issue the details of the course of action it seeks to implement in its Q2 2018 report, once the final details of the arrangement have been cleared and readied for implementation.
The lawsuit will continue its process.
It should be noted that the pace and duration of some of the adverse market conditions required immediate action be taken by the Company could not be fully anticipated. Hence, a consequential cash shortfall had ensued requiring an issuance of shares to cover some of the ordinary operational expenses that typically would have been covered through ordinary cash-flow levels in the past.
but is allegedly unable to invest much more than peanuts in AF4
Now TRW is supposed to owe SIAF 108 million dollars which is more than the big loan TRW hopes to get.
The latest 102k shares were also issued at 0.55. What shall we make out of that? Did Solomon piss of ECAB again, is Garret converting his 4MUSD @ 0.55 (i.e we have another 2 million shares hitting at 0.55), or someone else?
https://newsweb.oslobors.no/message/451731
I guess he expects a 10000% return then, to defend his actions...
I wonder if those professional services are close friends of him.
lol Yes, he did - are any of them valid ones, or are they all pure BS? (I'm not able to judge, but they doesn't seem valid to me)
Someone need to remind Solomon that he is not a chinese citizen, so it is not required for him to be a horrible CEO
He will say something like we will start paying a quarterly divy of seven cents per share in August
shares have been issued to professional consultants and agencies for services rendered
When they were unable to distribute the stock dividend
It happened during Q2, when we were trading 10x higher
I wonder why Garrett is not pressuring him to sell HU etc
Not sure why this is an issue for you
Included in due to a director, due to Mr. Solomon Yip Kun Lee is $2,070,390 and $211,247 as of December 31, 2016 and 2015, respectively
I don't think Solomon understood that the Garrett deal was lacking a floor price
I know why he is doing what he is doing
Solomon have not lowered the pps.
What newspapers?