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Shrimp prices improving according to this index and are at same levels as last quarter.
http://www.urnerbarry.com/charts/SIWhite.htm
I think fully diluted there are now under 300 million shares and this number will be going down as the share price goes up.
And I think they didn't mention anything about this issue in the CC so probably it doesn't concern them too much.
Is it possible that FD has regretted that when he gave the money to Solomon didn't put in the terms of the agreement that part of it would be used to support the share price and was just happy with dilution coming to an end?
But perhaps he couldn't guess that we would be here 15 months later!
My point is that since they decided to split the company, if you decided not to sell any shares, it will be irrelevant what the price of your shares will be when you get your OSE shares.What will matter is just how many SIAF shares you will have.
So I guess at the moment FD doesn't care if the PPS goes up to $10 again or drops to $5.
And of course nor does the management team, because there are no dilution plans.
The problem now I think is that the share price has become irrelevant to them.
They don't plan to dilute and I don't think it matters for Oslo (or at least they believe so).
If the share price continues to go down and they don't try to do something about it we will be entering the
dangerous "obviously a chiscam" price range cause what serious management will not support a P/E 1 stock?
Lowest close since 22 Dec 2014.Huge loses on paper for shareholders, totally neglected by management.
Is it so difficult or time wasting to spend even a little money for buybacks or dividends till their OSE promises?
What will be really funny is, after they split the company and setup the
aquaculture division as a new company with a board of directors etc., they
get rejected by OSE.
Hopefully when they start announcing these new directors and also this thing about the new supermarket chain that Solomon talked about, we will start to see the share price moving up again.
Have very bad memories from those days.I remember them well and I have many similar examples.
I think I started in 2009 with $35,000 after losing $20,000 from shorting AMZN.Made them about $110,000 buying just Chinese stocks but never believed they would all go dark or be scams but they all did and lost almost everything.Didn't have an exit strategy unfortunately!
Yes.Guess you are right unfortunately!
It made a reverse split of 3:20 yesterday and was selling at some stage as low as $1.75 after closing at $0.48 on Friday.
Normally it should have been 0.48*20/3 or $3.20.
But the company had a conference call today and said they will be profitable again in Q1 2016.
But I think that is perhaps irrelevant to today's action.From the moves
of DHRM and CJJD perhaps some funds are trying to find bargains in the sector.Hope NUIN and HERB will soon be on their radar.
DHRM,CLNT,CJJD moving strongly too.Something is up in the sector.
Yesterday was a false signal about ATV from me.
But amazing day today!Hope you checked what actually happened and bought
a few shares yesterday.
Try to listen again to the CC.Unfortunately I think I heard Solomon say "if it happens"
Sorry!Just reverse split.
Did you see ATV today?
So NUIN could not avoid the "E"?
Bought I guess the first 6,000 shares today?
Unbelievable people are still prepared to sell at 42c.
One for the record and history books.A regularly reporting company with a P/E of 0.25!
Chance that informal buyback happened today.It was perhaps known beforehand that we would be getting this heavy selling pressure today and the company or JF or FD came up with the funds to buy the shares.
Hard to explain in another way what happened today if the volume was real.
If only it was so easy to play the stock market.
AMZN was at an all time high of $25 once.And NUIN was at an all time low
of $0.55 a few days ago.
If you are expecting some sort of announcement about a dividend or share buyback I'm afraid you will be disappointed.The share price started to dive after they basically said don't expect a dividend and wait until the Annual General Meeting of shareholders.Anybody has any idea when is that?
No talk about a share buyback either and so we closed today at the lowest since February.
Don't know what else you expect on Monday - unless of course there is a last minute schedule conflict.
So we know what happens if we win in a US court in Nevada I guess?
There must be some sort of international agreement between the US and China for such cases.
If I own shares in SIAF I don't have shares directly in Tri-Way or in any of the other companies SIAF owns.
That is what I mean.That no investor in a Chinese listed company owns shares directly in a company operating there.They are all incorporated in a US state.
I always thought that all Chinese listed companies operate through VIE's.
Any example of a non-VIE?
You could also ask what happens on Tuesday because he implies in that email that they are entering a "dark" period from Monday night.
So you think it is irrelevant whether she has 50% of the votes in case this dispute escalates?
So it might all come down to if she can have more than 50% of the votes.If she does then the situation is not very good unless she can be persuaded to play fair.
It is all about the $145M that Fearon fights to be distributed to us the shareholders!
What a nice wishful thought!
But you never know.Unfortunately here we have a situation where the CEO is not prepared to send out of China a few thousand dollars after being pressed for 4 months!A big Why?
I doubt now there will be a 10-Q on Monday.However the situation is unique for the sector I believe in the last 5-6 years and perhaps something good will eventually come out of this.
And all these with little or no respect towards the shareholders and no urgency to act and spend even $1 million for supporting a PPS deteriorating by about 50% in 6 months.
"Customer A is one of our main agents, namely Mr. Xian Zhiming (Zhongshan new prawn farm) who we agreed to extend trading terms between 120 days to 180 days in the interim until such time as we assist them to procure a project loan of up to $60 million targeting on or before Q1 2016"
Has this been discussed here?It could mean Accounts Receivable finally coming down a bit and helping the cash situation.
Still believe non-secured accounts receivables is the reason no uplisting effort succeeds.And I don't know even if OSE happens and the company keeps operating through "middlemen" getting these ever increasing A/R who will want to invest and how a normal P/E will be achieved.
And of course the good thing for Solomon after this, is that he doesn't have to worry about dividends or share buybacks until Oslo.
Don't think he is prepared to spend even $1 for shareholder value and raising the chances of making Oslo a success if and when it happens.
Aren't they doing it the other way round now?Wasn't the plan initially to spin off the rest of the business and leave the aquaculture behind?
Also today's announcement may explain why it was pointless to appoint FD as member of the board cause everything is going to change soon.
Positive that an obviously specialist company "Triway" will undertake the whole process.However they forgot to tell us who they are.They just mention them in the headline and then nothing more about them.
At least if sales are down again, we should finally see some improvement in Receivables and Cash Balance, making a dividend or a share buyback program more probable.
Yes.You would expect the price to rise much more with yesterday's volume.Might mean that many shareholders have had enough of waiting and watching the price falling without management doing the minimum such as an update about developments.
Hopefully this time maybe because they are very happy about Q3 results or how Oslo is proceeding.
Not even VSA capital are interested in buying a few shares at these levels!