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Yes, using repo agreements would curtail some risk of being short.
I have now learned that the US lenders are all 4 entities that all have market maker activities in SIAF (don't know the names of them), knowing that makes it even more likely that the collateral shares are in the float in one way or another. With 4 lenders the there is less risk (for each individual lender) to sell the shares in to the market compared with only having one lender.
Regardless whether repo agreements is in place or, I'm suggesting that more or less all shares from the US lenders are in the market at any given time.
My biggest issue with thinking that the lenders is short in one way or another is that risk must be so great that I just can't see anyone take that risk unless they have no intention to give back the shares. With repo agreements in play it makes it more possible that that the shares will be returned, so maybe it's just wishful thinking from my side. Solomon is still very clear that ALL shares will be returned.
No, the loans are not the underlying problem, but it is working as a booster in a bad sentiment.
All loans are imminent, has been like that the past 4 years
Don't know.
I think he more or less must pay back the whole loan to have any effect. They did pay back 2,5m alrady, but the SP is depressed so they will all collateral.
You mean like if I have a loan on my house, the house market crashes, I let the bank have my summer house as well as collateral. On the day I pay back my house mortgage, I will let the bank keep my house and my summer house as well? Do you really see this as a possible outcome? Don't think so
I don't think Solomon has any worrisome issues with FD, but I think bond holders has issues with FD.
Nothing of value. Got that volume analysis BS. If they want to hire some broker to create volume, that's fine, but that is not our main problem here.
The only information I have or he gave me is what you can find on OTC.com
I know he is looking for alternative funds... but we'll see.
This is the most probable theory I have seen so far.
The bad thing would be that the stock price will decline as long has they have the loans.
The good thing is that the shares would have to be returned. 8m+ shares today.
Collateral shares has definitely been sold, no doubt about that. Was in contact with Solomon the other day and he finally sees it as well now, which I see as victory for me. Who has sold and in what amount, I don't know, but it's allot in my opinion. If I have to guess, I would say most of the shares for loan 1 and 2 is sold and probably some of the shares that the Chinese is holding to hedge their position. Solomon and the company still says that they will get back all the collateral once they pay back the loans. I hope he is right, but I have my doubts. If they will be forced to buy back shares on the open market it will be a freak show, I'm guessing that they will try to scare of shareholder by dropping the share price, if they fail scaring of people we will see a rally of the century. I see a big chance that they will fail scaring the SIAF shareholders, they are toughened. Time will tell how this unfolds.
How can you draw such conclusions from what I wrote?
We are trading at $1 because of lack of progress in some pretty dam important issues and some decisions in the past that turned out to be bad. But it’s not like none of that will change because I start to bitch about it on a message board?
Anyway, I can still see the ship get wind in the sail, that’s why I’m here, that’s why we all are here I guess.
I have no experience of that, so I can’t say if that is the feeling
Not sure why people often say that I’m cheering the stock or whatever? Is it because I’m one of few on this board who don’t throw clueless claims around or bitch about things I don’t control 24/7?
I’m not worried about it.
This stock has reached $17 two times while I have owned the stock so far.
You haven't considered to take a more active role as a shareholder or as a position as board member?
The world does not circle around iHub
I can see the question marks, but I don’t understand what are you are asking me?
I think most active writing about the visits you will find dec 2013. But there has been tour before and after that too.
There is quite a few iHubbers who have visited the facilities. From the top of my head, I think the posters below has posted some reports from their visits. I'm in contact with more people who has visited the locations but do not post here.
GRDTRI
slyestjester
Labroj
Melehuna
treit2002
Hyperboy
Carog
fallofitaly
Nope, no answer on my email.
I tried - shareholder@broadridge.com
To claim a loss your are not allowed to buy back until after 30 days in US.
Typically 1-5 days. 90% of the times the filings are completely uninteresting.
It's tricky to get there.
Dummy guide to see the filings
1. Open - https://www.icris.cr.gov.hk/csci/
2. Click Unregistered User
New window appears
3. Tick off one of the boxes and press "Accept Submit & Login"
4. Hover your mouse over the scroll down menu that says "Search", chose "Company Name"
5. In the search box write "Tri-way industries" and press "Search"
6. Click on the company with CR number "1004146"
7. Press "GO"
8. Press "Proceed to document index"
9. Press "GO"
Now you should see all the filings.
If you want to see the filings, you have to pick up your credit card and pay for each filing you want to see, but that will be dummy guide V2, or just wait for someone else to download it
https://www.icris.cr.gov.hk/csci/
Login as an unregistered user and search for Tri-Way industries.
Triway has has submitted a new filing (Amended document), it's not available yet.
The tax is a corporate tax that Siaf must pay. We who receive the dividend will not pay tax until you sell your Triway shares.
So when do you have to file a new 13G?
“A new one-time tax of 15.5% on cash (8% on illiquid investments) for accumulated offshore profits”
https://www.forbes.com/sites/georgeschultze/2017/12/21/investing-after-a-christmas-tax-gift/#300334ee2ccd
I wish I did as good (or not so bad) as you did this year.
At least SIAF has provided me with lots of entertainment. What would I do with all my sparetime if I was not invested in that company, lol
It does not make sense, that is why most people don't belive that they will get the shares back. But I truly hope that I'm wrong If I'm wrong I can probably retire when they pay back that loan
Greek shipowners does not exactly have the best reputation in the world.
No they did not, but IR suspect. But still says that they must be returned.
It’s TRW. But TRW pay back some loans to SIAF, so SIAF will get some money instantly from that loan as well.
I still have my share count and I'm short with a many many millions of shares on OTC. It's quite obvious, even without my share count and only considering the reported holdings of insiders I'm still missing shares on OTC.
I finally received a comment from IR that agrees that there is something wrong and he suspect that collateral shares has been sold. But I don't value the analysis of the situation I received from him any higher than anybody else's here, just guesses and assumptions.
The only good thing that has come out of this is that the company no longer ignores or can ignore the fact that collateral shares has been sold. Now it's up to them to act on this knowledge.