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Interesting. Now what would be even more interesting is to know when ROSENFELD & KAPLAN put them back on their client list again... (assuming they removed them from the list)
Chinese communism has changed a lot over the past decades, in some ways it's almost more capitalistic than the west.
They will grad the assets in the end though - I believe it's still not possible to own land in China, you only lease it (for 100 years or similar).
Oh, same with waterfalls in Norway btw. Pesky socialists
And what nationality was the biggest scam of all?
Madoff was a scam, hence all US hegdefonds are a scam as well then?
Doesn't work that way
Transparent (filing-wise), but full of BS
Might actually be a positive for us.
Worst case = SIAF refuses and in three years they delist.
More likely, considering how transparent they are, is that they comply to this (if it passes as a law), which should reduce some of the fear many investors might have.
Opinions based on DD are valuable, facts even more, but opinions based on prejudice and no DD are worthless.
Unfortunately facts are "limited" with HERB (well, I'm referring to the non-reporting part, other facts are still plentyful).
Personally I bought my shares in 2018 as a lottery ticket, since I don't mind to wait for some years for the value to unfold. Tiny part of my portfolio, unknown risk (although the majority owner in this case would normally reduce that risk a lot), and huge upside.
Isn't it obvious? Chinese and/or non filing = scam.
Doesn't matter whether the majority shareholder is the local government or not apparantly.
Yes, it has been audited, and now it is not reporting. Nothing new there. That's why the shareprice have been so depressed, and why it might stay depressed (unless for instance the majority owner needs cash, say from a global pandemic)
So are all non-reporting companies scams, or does it only apply to chinese?
But sure, the government might be out to scam you
Nice to know that you want in again :)
70% down? With the current PPS of 0.092 that means that last you looked the PPS was at 0.092 /0.3 = 0.307, i.e you haven't looked at it since november 2018.
Yet, there's a post from october 24th last year when the PPS was at 0.1510, but maybe you didn't look at the PPS last you traded it?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151884202
Actually, SIAF is trading rather flat this year (but volatile as always). Who would have thought that SIAF would be the "safe" play regarding covid?
Maybe we should contact the SIAF-recovery-lawyers and let them loose on HERB?
If the covid-19 doesn't provide the kick the management needs, then I can't see what will (other than a lawyer, although I'm not sure that will help either - at least without someone with deep pockets who's willing to play around a bit)
Thanks for you effort, but I can't see any importance of the par value. To me it's just some historical book-keeping
A stupid question, but why this obsession with par value?
"Never trade against the trend" as the traders say. Same applies for shorters, and if a pro has decided that a company is a scam, going bankrupt or whatever, then the logical thing to do is to increase your short when your thesis (in regards of a falling shareprice) is confirmed.
There are three ways to beat the scum;
1) If the company delivers
2) If we win the lottery and buy the float ourself
3) Gather enough friends to buy a huge chunk of the float
Good luck :)
The virus acts strange in China it seems, since it makes it impossible to work from home to do "paper-work". Seems like we need to take the virus a lot more serious
Unfortunately, in this case, I fear it is Solomon that is the virus - and that they are abusing the virus as an excuse to delay the filing, and that the real reason is the lawsuit, but why on earth will it help delaying? (wouldn't that imply that they expect something to materialize from it very soon? Doesn't see likely)
We already know they are amateurs and that they don't follow the rules always. I don't think they'll go dark (at least not at this juncture)
Is the 45 day extention SIAF applied for in addition to the automatic extention, or instead of it?
We should have gotten the annual results 1st of April, so 45 days from that is 15th of May (but the automatic extention is 15 days so if they are in addition then we'll have to wait till the very end of May)
Towards the end of the day as well. Q-report coming and leaked?
We're about to reopen primary school and kindergardens in Norway as well. Appearantly children aren't as contagious as adults... (sounds very strange to me)
Maybe you should give the location of Solomon instead
It's not like they have been misleading in the past, for instance stating that there are no new collateral-shares while dumping 100% new shares at 1% of book. Oh, wait, wrong company
Sounds like BS too me How long haven't Tony talked about the broodstock? Does this mean that Tony hasn't worked for neither SIAF nor TRW thus far? And what about telling us about this "minor" detail earlier?
Appearantly, this is why TRW has been cash-flow negative and unable to repay SIAF so far. Hardly as surprise for Solomon, but very material information for us... Reason alone for a lawsuit?
I doubt they'll go dark, especially after the lawsuit, but I am afraid that Solomon might have given away part of Tri-Way... All hell should break loose if that is the case though, so hopefully they are just stalling till the aquisition (or whatever) is final.
Will be interesting to see how they navigate it in the 10-Q... (although I guess they'll ignore it, i.e not give sufficient information in the 10-Q, but either just write that there is a lawsuit or that it has been dismissed - and then no further information)
Italians are very social, but I don't think we europeans do enough to fight the virus (easier for China). Italy has several times more affected people pr capita than China...