Puzzled
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Of course he knew. It is in his 5 year plan ;)
no, I was the one that you told was spreading gossip on this board....
What are you talking about?
I hope that the next conference call will be an opportunity to ask some serious questions. I guess mr S won't just give in to his idea of how to run a company just because we get listed in Sweden. It works, people are till buying his shares....
Maybe I missed something but wasn't he to retire 6 mil shares. Where is the press release about that?
Why don't you get it? If he needs money he will issue shares. That's it. He doesn't care. This is his baby. Maybe he is not as brilliant as everybody thinks, or maybe he is. With this nonexisting communication people still buy shares when he dilutes and when we know that he won't stop. When we know that he won't tell us anything at all before the annual report . Why ? it is like he said in the last conference call "because it is not required by the SEC" . . The last statement filed told us of another 30 M shares but also that there were no plans to issue those. So would a press release be necessary explaining why they need to issue them. If no, why state that no plans for the shares?
Good day today? Well if just the financing shares were sold. I highly doubt it. People are starting to get fed up with this. So they sell. Why would it be different with SIAF?
These are just my thoughts.
So the market is run by logic? And all posts here are true facts? I thought some parts of the markets are driven by just stupid, uninform gossip.. true or not?
It's not gossip, it is a thought. And it is up to you if you want to take it negatively or not.
Like I said before. S needs money for his dream, he can get them easily without using the market. But he also wants to make loads of money and take his company private so he sees that before he can make an offer the dumpage will make the share crash. After that he can take it off the market cheap.
So he gets in touch with his old buddies, gives them cheap shares they can sell at market price. He gets money for expanding and when that is done he looks at the unnatural low share price, use his super voting power and takes it off the market for 15 cents a share. The swedes payed for it all along since he knew JF would buy and that they have their network and that they are trusted. Now mr JF is on the board and he can't tell the market about SIAF anymore so the dumpage accelerates. Everyone is a loser except S and his buddies that got a fully financed company for absolutely nothing. Just crying shareholders. Some people here writes that Solomon doesn't care about his current shareholders, well he doesn't. Why? Since they can't help him in any way. The only one's he is interested in is the new ones , the ones that buy all his dilution shares.
End of story....
I wonder if Chad "liquidity" Sykes still got his 125 000 shares or if he already sold 'em?
well...
"Nisse44 i´m as displeased with the equity financing as the next guy around here but i knew about it when i started to invest here."
So you were not surprised when they issued another 17 mil shares and when they increased the authorized share count to 130 mil. I having a hard time believing that.
Solomon told us that he would be diluting, we all knew that BUT he is doing it in a reckless way. And you are happy about it. Makes no sense that you can't even critize Solomon for one single second.
"ATM i truly believe there is a prospect being made up for the FN listing and that this prevents any communication at this very moment"
Solomon stated last Q3 that he will not do any press releases except the ones required by the SEC. Nothing to do with the FN. I know JF always use this excuse with the lack of PR. Close to the report there can't be any PR. Who says that? Where can you find that legal statement telling us that ?
"I do agree with prokopton and sly, jan, hyperboy and many others that has a clear long term view and we are all happy to be able to accumulate at low lvls, right now alot of us feels bit uneasy due to the overly agressive raise of shares without explanation but i believe we will be presented an explanation soon for that"
And I do agree with Emptyone, Traderfan, Mauiguy, Andrew26, RD, MikeD2020... that just sitting in the boat doing nothing, asking no questions, no confrontation. Not stepping out of the box with a different analysis is NOT the right way to do it.
What's your average stolpen?
What explanation do you want? You just told med that you knew all along that he would dilute like this. So explanation is like Chad always states... yadda yadda yadda... expansion phase right now, need capital for growth. That is the explanation you always will get. And yeah I forgot, liquidity is good so we attact financial instuitutions,although he states taht since it is and OTC share, no institutions will buy it.... catch 22 anyone?
Now he have to wait for the EOY report and last year that was presented in mid April.. that's a long wait.
I am surprised how many actually thinks that mr S will just stop and listen to what we say and then explain everything. Listen to the Q3 CC again. Listen to his voice. All of a sudden there will be tons of communication with the shareholders.
But like someone wrote yesterday .. when no PR is out that means that the business is booming!
Stolpen..if you are so happy then...why didn't you buy more instead of waiting for it to fill your order at .39? you say everyday on this board that it doesn't matter in the long run.. but for YOU it matters...a few cents give or take when it is the best company in the world.. too bad no one but a few of you sees it like that here... .
the reason he soesn't care about share price is that it is in his 5 year plan.....Dilute for 1 year more. Keep the share price low. Then when it is all financed.
Take it private! Why not?
Use the Swedes. How did JF find SIAF or did SIAF find JF?
But can't explain the FN listing...maybe Solomon will change his mind. He seems to be changing it alot lately. Speeding up the dilution... seems that he is in a big hurry? Doesn't even have time to see if anybody,just anybody out there is actually happy with investing in SIAF on a promised long term basis. Just need cash fast for growth but are not ready to tell the market about it.
I wonder if he is using the same guy in USA every year when it comes to cancelling debt? Because if he is issuing shares to a guy that constantly sells them. I would change the guy not shoot myself in the leg everytime I got hold of a gun...
So there might be a IR position open soon.. I wonder if Homer Simpson is interested.
According to the Q3 conference call on a question regarding PR Solomon stated that he would not issue PRs because of the fact that it was not required by the SEC to do so.
Or did I get taht wrong?
Cheers Maui
......and like other posters said, it is the coming 90 days that are important.... just hope that people don't expect too much from the FN listing....but as it is now, there are no expectations at all, at least not that is showing in the share price...
And here we go again.....
So I read this forum every day and I like what I read but sometimes I just have to stop and ask a few questions...like today...
First a warning to some of you who has a large photo of Solomon on their bedroom wall and every night before you go to sleep whisper "I love you". Sorry not go to sleep, cry yourself to sleep since the share price is so low.....maybe you will not like what I write...
The scenarios are as follows. We have this guy, he is a CEO of a company that we all love. He tells us one thing and does another, Why? Because he can and no one can do anything about it.
Ok, some of you are emotionally disturbed by the dilution. I am on your side, it disturbs me too and I do not know how we will stop it. Does the CEO read this board? Naah probably not. If he did would he care? Probably not. Why? because he has his thing, his 5 year plan that he set up a few years back.
In his mind he had this great scenario of building the best company
in this segment in the world. So he thinks about it before he goes to sleep, he wakes up in the morning and look himself in the mirror saying "I am the best CEO in the world I will have my vengeance in this life or the next" So he got robbed by banks a few years back he doesn't trust banks but he do trust people with his shares of the company that he loves so much. But looking back that is the wrong thing to do. How does a chinse worker set up a brokerage account and sell his small amount of shares? Or does he just offer it to big investors who just want money? or who gets the shares issued? Anybody knows? He starts to understand that it doesn't work the way he wants it to work. But he will not change since he has a plan. Right? It is like buying a stock from a company for $10 dollars and see it fall to $7 and then tell yourself everyday it will go up since you decided that 5 years ago. It falls further, you have no idea what to do, well believe in yourself, you are the greatest..but it goes to $1...over and out. Gone . Just becaue YOU decided what would happend doesn't mean it actually will.
So comes next 6 months and he do the exact same thing again, and again and again.... but people are happy... the blame the market for Chinese growth companies, the liquidity, short sellers etc.. Why not blame the CEO? It was his decision. Then there are the conference calls. Be nice to the CEO, hold it on a normal level. Why???? Why not ask him the same questions that are asked here every single day? What are you afraid of? That he will tell Chad to pretend it is eternal summer in China and stop the nonexistent communication with the market?
Chad by the way, you got your liquidity. Congratulations! Maybe you realized that it was not that easy since the share prices is dead. So if no one promotes the company? Ahh we just got a million Swedish players that will absorb the market. the CEO knows that. But now what does the company do about that ? Any roadshows? naah, they invite a bunch of Swedes (who already bought up 60% of the company) to a roadshow. They promise that after the summer things will happen.
Listen! It doesn't work! Try something else. A good company builder will admit that he/she was wrong and try something else. If you can't walk on water build a boat, don't try to walk over and over again. Dilution doesn't work! Some people here say it doesn't matter about the dilution (in the long run) still those people spend their all days here complaining.
Some of you never said one single negative word about the CEO. Does he scare you? Some of you blames him for everything since you are to afraid to ask questions. And everytime well before at least when SIAF did send out press releases everybody was cheering and loving the CEO and the IR for being the best guys in the world.
So why does it take almost 14 months for a company to set up a board?
Why is the photographs of the SIAF constructions sites not updated more often. Chad can't be the only one with a camera that is paid by the company.
You guys who went to China did you meet any workers on the farm?
How much does it cost to hire a construction worker in China? Or does he fly over workers from the US? What are the salaries of the people working for SIAF. WE Know the CEO makes a woopping $400 000 or so but the rest of the staff.
How fast do the build a farm, seeing chinese comapnies build tall building in just a few months, can't take that long to build a fish tank.
I read somewhere that people in the US was paid for services to SIAF. What companies? Are they friend's of the CEO or what?
If you had a company with the eps that SIAF has do you really not think that anybody, anybody in teh world (7 billion people) would invest under PP like forms. Do you really think the CEO and his "gang" has tried everything there is in their powers to avoid diluting? I don't think so. I think the CEO is way to stubborn to admit that he is wrong.
Maybe he is the nicest guy in the world but far from the smartest. He doesn't understand the market and he lacks the flexibility of a company builder and entrepreur, the one that adjusts himself if what he does doesnt work. "Be like water", like Bruce Lee once said.
So why do you people love the CEO? Because he .... ahh.. no..not that.. naah.. I don't know .. can you tell me?
Ahh one more thing. Since the Ironridge deal, the stock promoter, Chads nagging about liquidity and the dilution some lost their respecty for the CEO, so he just keeps on going and doing what he thinks is the best (which obviously isn't at least not for the share price) and puts his hands to his ears sits in the corner and mumbles "I havea 5 year plan, I am the greatest, why can't you see that?" . So when he gets questions like "who sold their shares?" Of course he doesn't know since he just can't think of anybody who would ever sell.
So he tells us that he will not dilute over 100 mil shares and a few weeks later he raises it to 130 mil. And now people think that he has some brilliant plan about that. Get real! He hasn't he just is way too stubborn to let go of his plan. His precioussssss...
Yet some people here present one solution after another that the CEO has thought out since he is a master planner and the best CEO in the world. His track record is in altzeimerland and his mind there too. So what will he do with the extra 30 mil share ? A) Dilute like did always did or B) Read this board and listen to the shareholders for once and stop diluting for a few months and do a bond deal and something else.. maybe a derivatives deal connected to the cold coconut oil in india.... or something else since he is brilliant! Newsflash for you, he isnt!
I don't think he cares. Why doesn't he want to have th shareprice go higher? Why no roadshows? Why not trying to sell his brilliant idea to investors around the world?
He doesn't know how it works, the market probably scares him.
Maybe I missed something here but if I was a CEO of the best company in the world with a great future and wanted to turn the shareprice around I would buy shares. I would buy shares of my own company, I would believe in my idea. Since we lost respect for what he tells us maybe he has to show it. Yes, true he has gazillion shares but still it would send a signal. I trust in this. But he doesn't. Anybody know why he doesn't? I know , he doesn't care about the market. The real question is why doesn't it?
It is time to start asking some questions. Who is with me ?
ps. I am frustrated with the share price. Some of you probably say the same thing as you always do "if you are unhappy with the CEO, just sell" . Well I am unhappy with the CEO but I like the company idea and that helps we buying more shares, having increased with share count 200% in the last 2 years. I just think that we have the right to push him up against the wall and start asking question.
Cheers
JXB
Good. Thanks for making that clear. Now I just hope it is enough so it will pop up on that top 10 list.
cheers,
JXB
Hey all,
Positive news about the new Board members. Good volume today. I was hoping for a few more cents but maybe tomorrow...
Someone stated that Gustavia is not known by the public in Sweden...Well, they chnaged their name recently since Mr Davegårdh stepped down. If you are insterested the slightest of the stockmarket you must know who he is.
Anyway here is a link to the 10 largest position in the fund that bought SIAF (at least by rumour) . This is for October 31st but wait for the update for November and maybe SIAF will pop up.
http://www.gustavia.se/archive/files/20508/gustavia_energi01.pdf.aspx
if the link doesn work just try http://www.gustavia.se and click th right half ov the screen "Energi Råvaror" NAV 81,96.
That austalian guy on the board, seems brilliant. Just what we need , someone who will grab Solomons head and force him (like bart simpson) to write the following phrase on the blackboard... "I will never dilute again, I will never dilute again" And Nisse well maybe Solomon has to listen to him now. Good times ahead.
Will just lose a bit more hair before SIAF turns around, but at least I am saving money from haircuts;)
/JXB
Think your för the warm and kind words about my posting.
I too wonder about the pr campain...
So will you be joining us for supper in the house of pain RD? Or are you just here posting and hope that Solomon will finally read stockforum and send you flowers and offer you his CEO position after resigning?
Stocks go up and down. Brilliant company? Naah not for me not yet but still time to come. If I got a dolalr everytime I heard that I would be so rich now...I just don't get it, a few months ago everybody was so positive here. Everybody was fighting against the dilution I felt like I was in a gang against the evil mechanism of dilution. The stock is so cheap we will make billions of dollars. Still some talk about dividends close to a dollar, like earlier today $0.90. Do you think sometimes that your dreams are a bit too much? I am happy if we next year end up over $1 . I have no rush I tell my self every hour everyday, after holding the company shares for almost 2.5 years soon, and added to my total position a few times. For me I am down 20% on average and I am not happy!
But I read here everyday and people question Solomon, the dilution, retail sellers? Why are you guys so surprised about some people selling the share?
Am I not allowed to sell? Let's see, record report last week, everybody was happy let's say I bought at the spike after the Q3 report, now trading over 20 lower. Should I be happy?
Everybody here agrees that the company is really worth alot than this so why are you not buying? Why tell everybody taht they will buy and don't buy yourself?
Now we are talking about the FN listing, and the bond deal. Do we have a statement from someone about a bond deal or is it something someone made up? "Ooohh I heard a guy talk on his phone about a bond deal, better go tell the forum to make everybody excited"
If SIAF is such a great company why do not people want to own the stock? If Solomon is such a great entrepreneur and leader, brilliant inventor and a charismatic but stubborn guy, leader of the ultimate holding company so why can't he change his mind about things? Why can't he take advice? He clearly doesn't understand the market, he doesn't understand how it works.
If you agree that the sahre privce will trade at 10 dolalrs in a few years why bother trying to buy the share 1 cent or 1 /10 of a cent below the price?
Do I like Solomon? I never met him! But based on what he is doing to the stock price I hate him. Probably get a angry answer from someone here about that a few sentences, I already know what you will write, so you do not have to.
One funny thing about this forum, I get this feeling sometimes, and more often lately. It is the fact that people posting here try to be correct all the time, and that is more important than to actually discuss something true about the company. SO you post that the dilution will kill the company and the n the price goes down so you want to stand up and here the crowd cheer for you but you don't care about your investment losing its value? You are always trying to blame the company for everything. Who is to blame about the dilution? Who doesn't understand how it works? So and sometimes you also blame eachother, sometimes here people are fighting and disagreeing in a the worst possible way. We have the Solomn fan club, the JF fan club, the "like myself best in the whole world club" , the trader club and the "we need liquidity" club the "I love solomon club he is my friend don't make him cry asking tough questions on the conference call club" The Ultimate holding company club and alot of other clubs. I read this forum every day (almost) and I do not post that often.
Who said Solomon will retire his shares? Is this true? Who believes dilution will stop next year?
For him it works since he doesnt care about the share price. He has his plan and he follows it.
So ask youself why no one is buying SIAF now? Who would buy when you know that alot of shares will hit the market. He will not get a bank loan since he "burnt his fingers once" . He probably think that dilution hasn't burned his fingers yet. Why on earth don't make a PP offering to the Swedes before listing in Sweden? You owe them that. No, he is stubborn he listen to chad about the liquidity and he uses his old friends from USA to get loans or does he?
One more thing, FN listing is a few months away and you started to talk about numbers of P/E around 2.5-5 because JF says so since he has alot of experience about this. About what? How many chinese companies have traded on a swedish exchange?
How can you put so much trust in one man, and buidling up this fake wall of confidence about that the JF will solve all the problems, what is that all about really? They have been promoting the company for years now and what has happened? We are still trading as we were the summer of 2010. Brilliant? So tell me one good reason why I should trust anything that the JF tells me about siaf then ?
So did you here mr JF himself ask any questions on the conference call? So if he didn't where does he get the information he posts on his page? Don't get me wrong I like JF , I have followed them for many years and I think Nisse is a great person but sometimes maybe you here put too much trust in 1 person to turn this ship around when seriously maybe and just maybe you should focus on what is important. And that is getting updates from the company. So obviuosly this thing of being quiet between Q's reports aint working. Maybe you should try something new. Monthly updates?
Who wants to ask Solomon about that? uuhh buuhhuu no I am too afraid to ask him anything. But I am so cool to sit around in forums all day and talking BS about the savage CEO of a company that I am fully invested in. How can that be ?
So after reading this some here will go "if you don't like the company then sell you shares and move on" . But I do like the company I just hate that the people running it are way too stubborn to listen to someone who knows better. Will that change? I do not think so. But it is all about psychology and some that wall of bad feelings around 60 cents will disappear and the price will slowly catch up with it's real value. I hope.
Chad wrote in june
"Material events will be published and 8K'd as they are made available to do so. Nobody is holding material news back, we have simply cut down on the "fluff" as budgets are only so big.
PR campaigns are something entirely different and require a bit of logistical planning. They are basically marketing campaigns. The Company has a lot of material things happening in the 3rd and 4th quarter so a PR campaign in planned to spotlight that period.
The IR section of the Company web site now rivals even the most sophisticated listed Companies. We've made some huge improvements there. That required a lot of effort, time and money. It took a big chunk out of the IR budget for 2012. The web site was one of our biggest complaints from investors, now it's a premier site compared to other Companies."
If it is till summer in China that must be really good for the HU plantation.
Big thanks to everybody who has reported from the China trip sofar. Much appreciated!
Stock goes up from 40 cent to 70 in 13 days or so and then fall back a few cents and creates a bit of uneasy nervousness here... talking about dumping shares etc.....
Normally when a stocks goes up that much it falls back a few cents.. so I thought most of the writers here are long term holders so what's all the fuzz about?
If you wanted to short a share? When would you do it?
Thanks for making this clear LL.
"Trust me, you'll know if the Authorized is being increased. Any increase would require an S-3 Registration being filed with the SEC. "
Solomon and his gang overode their own projection about how many shares to be issued. Correct?
New number is 100 mil. But for a couple of months ago it was alot less.
So now everyone believe that 100 mil is the final number? So it is just going to stop there? Nothing so far has stopped him from diluting to follow his vison AND he listens to no one but himself, right?
So why not increase it to 125 without telling the shareholders? or God forbid 150?
Some here says Solomon doesn't understand. I would say that he doesn't listen. Solomon might be a good investor of a business idea but he needs to stop doing things that he thinks is good.
Jordanfund says about SIAF on their homepage "They are working on a new uplist close to or after the new year. They (siaf) think that the Q3Q4 result will help the share price to pass the qulification price of 2 USD"
Does Solomon really think that or does he hope that? Big difference or is it just JF that is thinking out of the box on their page. I wonder what he thinks of when he says something like that. Every Q1 report has pushed the price down, so why would it change now with that massive dilution going on? If he now wants to uplist why the hurry to expand so fast.
I really hope that he has some press relases left for the autumn. If it is really true that Chad says about them just bought the right to issue a certain number of releases, why didn't he say that in the beginning? And if no new press releases come for a while, shall we interpret that as if nothing happens or that they are saving the releases for next year? Because I think I remeber Chad said that no used in the suimmer but more use after the summer?
I am really curious if it is going to be like that.
If something isn't working just try something else. How hard can it be? Yes I forgot you have to admit you are wrong, and for some people that can be very hard....
I am sorry Chad but everytime you open your mouth you lose credibility in my eyes.
And on top of that you insult me by trying to explain that "it is not rocket science". Not me personally but me and my investor friends. So if it is not rocket science can you please explain to me why the company refuses to tell the growth story to the market? Doesn't the company want a higher share price?
So you don't think that a lower share price will hurt the company. If the share price is $2 or $0.10 does it not matter for you? So it doesnt matter how many shares we issue for paying debt? It sure does to me....
Here is a question for you : Do you think you are doing a good job as an IR spending time explaining how to invest/trade a share?
Maybe it would be easier for all of us if you took a break from the board, and this time stayed away for a while instead of just telling us that "this is my last post, or something else like you've done a few times so far" and actually stay out.
I have read more than a few times that "this is my final post etc" and in a few post when YOU and your JOB is being criticized you just forget your "promise" and be back defending yourself and the company. Why is that? ... you blame us Investors (yes I am one of those) for not having the patience but you on the other hand can't stand of being criticized yourself.
Here is another question : What is the cost of issuing a press release? Maybe you just can issue some new shares and release a few for the market.. I think that would be very appreciated....
Chad wrote
"The lower the price, the better the liquidity and the faster they are absorbed into the float. It also provides long investors a better opportunity to price average.
Unless of course you guys wanted the sellers to make more profit?
It's not rocket science really. Some people just need to think outside the box.
If people sold out of frustration due to price while ignoring fundamentals, guidance and past performance, that's an investor sophistication issue, not a lack of IR effort."
True. That is what I worry about. Solomon has a "vision" and since he is NOT listening I think he would do equity financing at any price. I do not think Solomon understand the market pretty well.
If the strategy is to put your head in the sand for 6 months without communicating with the market at all and then hope that the Q2 report will be followed by a waterfall of good things. Then think again.
Historically this stock give out PR's frequently but now SILENCE.
For me it is better to have a steady rise in price with constant flow of updates and leave the speculation of a fantastic rise out of the picture instead of letting the price decline day after day and then chock the market and HOPE that it will explode.. Usually what goes up fast comes down fast!
But a steady climb will build confidence and keep the shorts away? But if nothing happens maybe it is better to let the market believe that there will be a chock....this is what scares me...
Stolpen: What was wrong with my explanation about the "fund"?
Just remind me.... why do we want the head of the JF as a board member?
Because he is has a great knowledge in the agricultural business?
Becaus he has great knowledge about doing business in China?
JF head man is oil and gas educated man, with interest for gold and other metals. So why do you think he will be the board member?
By the way, I am not connected to JF more than I was a member a few years about 10 years ago. Now I have no contact with any members. I just read their page once in a while.
But I do believe some of the thoughts posted there are just thoughts but since JF writes them people believe that they have special information.
About Chad. Why didn't he just say "I will be on vacation so there will be no press releases during the summer" ... ohh sorry.. that was not nice..
One more thing. About management. They do not communicate with the market at all now. So do you believe that will change in Spetember and after September it will be totally different or will we have the same silence? Will they learn from their mistakes?
Time will tell....
and yeah mauiguy2...I agree...thnx
Thanks for the compliments on my posting.
I read all the posts here every day. I like to be an observer and to put in a thought or two sometimes. But I do follow you guys everyday. Some are really good posts and helps alot. One thing just because the price of shares are going down, we should not sotop talking to eachother in a normal tone of voice. There is alot of anger and bad feelings now. But please aim it some other direction and not towards your friends here. Remeber we are all in this together. Either we win togetther or we lose.
I am a big fan of the KISS-strategy. Keep it simple stupid! What I mean is that when people start talking about advanced shorting techniques maybe you have to stop and THINK. Stock down 60% in short time. Why?
Simple reason. It is like any other stock. People are unhappy, so they sell, move on, take a break, and might come back.
People are afraid, will there be more dilution?
What about the Q2 report will it be as good as everyone expect. Remember no news.....
Some see this as an opportunity to buy, and hold. Company is talking about million dollar revs in a few years. But face it NASDAQ probably not just let SIAF join their special club for 2 bucks. And even if they do, we are far far far away.
In the eyes of Nasdaq siaf is just another company.... and it happens to be a small cap chinese company....
Someone wrote that Solomon is stubborn, I totally agree with that... and it is NOT a good thing...
over and out
A few weeks ago I wrote something about the absence of press releases and Chad himself stated that he didn't want to give us a
"fluff" release. There are two reasons for that .
1. Nothing happend at all since last release
2. He thinks he can control the market.
I will go with the first one, nothing happened and that is why there are no releases. He is just using the
"nothing happens in the summer" as an excuse.
About the J-fund. It is not a fund. Nisse clearly stated that years ago. It is just a community with a membership fee
about $300 per year. Members get 1000 letter/emails from him a year or so.
They also have a homepage. http://angby.com/jordanfund where they post information about their "portfolio" to
everybody on the internet to see. When they are referring to having about 50% of the shares or whatever they are referring to a list
they made a couple of months ago, asking people to tell them their holdings in SIAF. But on the other hand there are
ALOT of small investors with not so much money invested. People who are not members in the community, people who just read their homepage
and believe what they read. Lately JF has been promoting gold, oil, silver shares and food now with SIAF. In some of he companies they are
lucky to pick a winner but sometimes it goes not really their way. I guess some of the Swedes just got tired of holding "the untilmate holding company"
and seeing it go down and down. Variable excuses from the JF have hit their homepage. Mostly blaming on short sellers. But now recently today blaming
on the absurd thing about the press releases. If that was true, don't you think Chad whould have pointed that out instead of giving some mumbo jumbo story
about that he didn't want the "fluff" to hit the market.
For me just that sentence made me lose a bit credibility in the JF stock picking. Why is everybody trying to find all this reasons why the stock is down.
We have 2 certainties about that
1. Nothing new from the company for months
2. Investors are getting really tired of the share price and even if u are a long long investor who wants to see their
invested value decline 80% .
As I stated before maybe Solomon is a good inventor but as a company builder and a shareholder value creator he is useless.
Same goes for Chad. Chad now we have lquidity. Congratulations. But isn't it going the wrong way? I think Chad is a bit too stuck up in his thoughts
I get the feeling he is the type of guy that enjoys reading what other people think BUT just goes with his own ideas always.
Please be a bit more reality connected. Posters here are talking about 100+ restaurants and +$200 million dollar revenues. But right now
we can't even get an issued press release. Some of your guys here really need to get back to everyday life and see what really is happening.
I bet that the Q2 report late and that the share will decline post it. I also bet that JF will post some absurd explanation about it.
What am I a doing with my shares? They are still in my account. I bought my first 2 years ago (the first time) and I am holding long.
But I've been in the investment game for 20 years and I am wrong from time to time. Time will tell.
Cheers,
It is not what you have told us that need to be explained it is what you have not told us. Yes it is a bit cryptical but the more you think about it the clearer it becomes.
Uncertainty kills the market value of this company...why can't you see that?
What stops Solomon from diluting even more? He has his "vision" and nothing can stop him.....THAT is something to think about...
You are doing the same thing again, telling the market how it interprets the news? A fluff PR doesn't do anything in the market ... how do you know? What is that conclusion built upon ? Right now I have a big questionmark cicling over my head and your answers are not helping.
And I have heard this mantra before, you knows best all the time, you know the market, you know everything and can explain everything. But telling the market we have a wonderful company, with lots of growth and a golden future is NOT working. So maybe you have to rethink, open your ears and listen to the market.
And maybe you have to ask yourself why your are on this forum if you are not open to get tips and help from board members. You have made your point a million times here. Everytime you defend yourself with the smae mantra, no budget, we are better then other companies, liquidity etc etc....
Just blaming everything on the market and the general chinese stock going down, sticking our head in the sand, it feels like that is the wrong way to go. Not all the stocks that ended up in a downward rotating spiral has been a scam, but the perception of the market is the only thing that matters. And not know what is going on is NOT helping.
PR updates on green housing the HU plantation, or pouring a foundation at one of the fish farms isn't going to do squat in this market.
Maybe I read a bit between the lines about the news but post #12008 says it all. And according to this forum it is not just me that is upset about it.
Now it is year 2012, what they did last summer doesn't really matter when it comes to press releases does it?
For a company that grows so fast as SIAF what is wrong with having a monthly update?
Thanks for Agreeing Mauiguy2
I am puzzled about this postponing the news.. as he stated, can't find the post... I am also puzzled about all the excuses and blaiming on different things Chad uses as explanations for the recent decline in price.
Also I believe for being an IR he spends way too much time on chat boards.
My favorite quote of all your recentposts is " post 12008 :It's a lot less complicated than that. It's called the summer.
I'm pretty sure this is mostly a retail fueled sell off. It's happened every year I've been with this Company. I always know when it's in full blown panic mode because of the volume of hate mail I get.
Same thing happens every year. People were out with pitchforks in 2010 about this same time. I even had a few threats made against me, both legal and physical. The stock ended up running to a 52 week high later that year. In 2011 same thing again but we didn't get a recovery because of the China/RTO fraud scandals that rocked the sector.
This is why historically we plan and conduct all major PR campaigns in September such as the tour, video etc..
Every year we have a few that get mad and sell out. Or they trade out and try and guess the bottom. The longs who are here for the fundamentals just take a vacation. After all, it is the summer.
so Chad, you base that decision on what happened historically with the stock and using a base time of 2 year to make that decision..... how .. wild of you?
Maybe you should rethink? Maybe it is time to do it now since now is the time we need it?
Or is it maybe mr S that decides and you can't say anything about it and instead of fighting him back and losing your well payed IR job, you just find explanations and post it online?
Why wouldn't SIAF behave like any other company?
When market goes down people sell, the adjust their exposure to risk.
Have you ever thouight that maybe some people see SIAF as a high risk equity ?
If market goes down of course people will sell their riskier assets? True or not?
So why always always try to explain the decline in stockprice with:
1. IronRidge deal
2. Short seller?
3. China stocks downturn
4. general perception that people don't understand the potential of SIAF
5. Paying JV partners and paying for services with shares (and assuming everyone sells there shares as soon as possible)
6. Dilution is bad bad bad ....sell!
Maybe you can think like this.
A person invests in SIAF and it goes down from 80 cents to 60 cents. Why not sell it? Why not deal with it the same way that any other stock. Why treat SIAF
differently ?
A few weeks ago Chad stated that SIAF had over 5000 different owners. So seriously you all think that all of them are long term investors and not getting
tired of "the ultimate holding company's" weird performance and give up. I would too if I was normal. I regret many times that I was to stupid not to sell. I
bought my first SIAF in July 2010 and I have bought more SIAF shares at 2 more occasions. And I will buy more when the time is right.
People get tired of heraing the same thing all over again. Last week or the week before Chad told us that every summer the share is declining so they will
not release any news until in September. Why?Is Chad trying to teach the market something? If Solomon plan to pay for sevices with shares, wouldn't it be
easier to release news and try to have the market guide the price of the shares to a higher level instead of not telling the market anything.
Reading the above I start to understand why some people sell. If I didn't buy my shares 2 years ago and just bought them after X-mas when the new contracts
and updates came through to the market I would be feeling sorry for myself now. Down 50% en declining every day.
But hey we have growth! And liquidity! And trust...... no not yet?
Why would the Swedes be different from any investor out there? Don't you think some of the Swedes have sold yet?
Reading this board I think some of you actually misunderstood the Swedes. The Swedes get tired too, the swedes sell too when they want to adjust risk level, the
swedes behave like any investor out there. Maybe one difference is the the Swedes listen to Jordanfund a bit more than the average investor. But some of the
flagship stocks from the Jordanfund have been performing very poorly lately so maybe the investors and speculators following the Jordanfund community is
starting to lose their temper. In the stockmarket that is normal. Problem is that no one seems to understand that here. Some people who make an investment will
have to accept a loss, not all people just stay in a share until it is turned around.
Please accept that some are not happy with the chart of SIAF and decided to sell. Reading the posts here I get the idea that no one good is selling and the one's
that are are evil are shortsellers or IronRidge.
Chad you got your liquidity now but actually waiting the whole summer with news just because you think that normally the share behave in a certain way in
the summer, isn't that a bit too strange. It keeps my mind wandering off to think, does he really have any news to give out or is he just playing?
If the market has that thought in it's mind, the only way for the stock is down... insecurity creates panic.... and back to Solomon, why not be more open about giving out shares. He is very secret about the growth story, no releases but a lot of "we will make millions in the future"
Sometimes Solomon seems to be an stubborn old man who will not listen to anybody else. Maybe he is a good inventor but when it comes to treating the shareholders or/and using she share capital in a good benefiacial way for all parts including the shareholders. You have to wonder why the company is so extremely quiet about things?
"On the other hand the cash dividend creates some credibility in my book. Almost all the Chinese microcaps are currently trading at ridiculously low p/e ratios. Credibility looks all-important."
I am a long term investor, do I care about the cash dividend? No. Why ? I care about the investment I made to grown and in a couple of years I can sell to a high price.
The problem as I see it with Solomon is that he is the inventor and the technician but not the business strategist. He has to step aside and bring in the people who knows how to deal with things.
But maybe he is to stubborn to be the captain of his ship.
For me it is unbelievable stupid to pay a dividend when you have no money... ... I would never trust someone who says Solomonn is a genius, he is not, unless it comes to fishery but when it comes to financing his company he is not.
The theory about short selling manipulators, and people getting payed in stocks selling is in my eyes just a bunch of silly excuses to try to explain why the whole market is going down. Siaf started the year 2011 at 1.35 or something like that, then it has gone down in a straight line, to 37 cents and the earnings the other way around?
Why? Robots? Short selling? no, the market is down, chinese stocks are not popular, no chinese stocks are popular. If it is such a good deal now to buy, why dont YOU buy some more ?
And it gets worse and more desperate, people here thinks that getting to Nasdaq is as easy as just doing a reverse split, then wi go over $4 and wooppeedoo.. we are doing millions of percent change. Seriously, most of the posters here claim they are long term holders but their post show desperate solutions. Every day the stock goes down something more comes up. The newest is tax selling, hahaha when did that start? In january this year?
Just face it, market is down, china stocks are s**t now and everyone wnat to get out from these plays. I hope it turns around within at least the next 3 years....
I owned this stock for 2 years now, I am down about 40% on my average price, but I plan to buy more, and IA willing to do so. The question is: Are you?