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What a nice worry to have!If I get an offer for the $160,000 I have currently invested in SIAF, of around half a million.It could have ended much,much better and it will not be fair at all for smaller investors, but there is always a chance from Tuesday at least to start buying as many shares as possible.
Nobody knows how things will play out but I wish I was 100% invested in SIAF since last year than having shares in NUIN and HERB too.At this time last year:
HERB 0.92 now 0.44
NUIN 1.99 now 0.58
SIAF 5.45 now 11.60
And no doubt somebody can trust SIAF's numbers much more with ECAB,Bertil,Jordan on board,regular Conference Calls etc. and trading volumes a hundred times bigger?And sometimes words and talk does not count.It is all about honesty and Solomon at least was honest saying that there were thoughts about going private.You know from how many now dark Chinese companies I heard the words "WE ARE COMMITTED TO OUR SHAREHOLDERS AND THE U.S. MARKETS"
About this Ceres guy,some common sense advice.You see a Greek and he proposes some Business or Investment deal?Run away as fast as you can!
Ok.Why I cannot find anything at sec.gov?The last filing they have there is from 2010.
Are the financials at Yahoo correct.I guess they are from another company with Airborne in their name.
When you have 20-30 companies in the sector, ie. Chinese micro caps most of them listed on higher exchanges, with P/E of 2-3 and a lot of cash in most cases, that a guy next door as their CEO could have them trading at 4-5 times their current valuations with the obvious tools - share buybacks,dividends - and none of their current CEO's has done anything for soooo long, absolutely nothing for their shareholders ALL of them, then it is no wonder SIAF is now under $10.
Perhaps one of the best priced still in the sector SIAF thanks mainly to their International BOD,ECAB and that
we had no resignations for so long.However they have to show the average investor that they are the ONLY exception out of 30.For me only a share buyback can help or a really big dividend,unless of course an uplisting will bring in new investors and institutions.
Hopefully the falling profits and rise of $10 million in receivables with falling sales are not red flags and the start of an attempt to hide misleading so far figures, but I guess with the directors,Bertil and ECAB watching closely the chance for this is almost nil.
When you have SIAF with a turnover as much as most the Chinese micro caps
listed on Nasdaq and NYSE combined, I think it is obviously no longer a matter of uplisting but about show me the money.
We had CBMG that benefited greatly from uplisting, but even that has lost about 50% of its value since its best days.
SKBI filed an NT-10Q with some information about account receivables
and cash position so it is very unlikely that they plan to go dark - extremely cheap at the momnet.
Also KGJI could start gaining after hiring a NY firm to help them with their share price, giving them a very nice incentive indeed.
Are you going to listen to the CCCL CC and tell us what you think?
I won't be at home at that time.
Has anybody figured out why receivables went up by $10million
with decreasing sales?We should have around $20million cash
right now.
It is easy to understand their selling price going down to 13,000 from 14,700 / MT in a year.
But how is it possible for their cost to go up by over $2,000 / MT ?
Any idea why receivables went up by 10 million with decreasing sales?
We have to pray now that we will get an NT-10Q and nothing worse is happening.
Really unacceptable.Having their shareholders worry with all that is going on in the sector?
Are they enjoying this?
They are not miners so I don't think the price of gold is what has been affecting their PPS.
Could be that there are doubts about the success of the park they are building.
Hope it won't be a total failure.
Nice that the Communications manager of the Stock Exchange mentions the intention of SIAF to list there.
Could mean that they have formally or informally started the process.
Have we been on Briefing.com before?
I think they started covering SIAF today and this might bring new investors.
So the Chinese factor has now gone to over 100 especially for OTCBB companies.
Well what can you say.It is understandable when there are now just a few
Chinese companies on the OTC boards still reporting.
The rest dark or confirmed frauds with I guess nobody of the thousands
involved having paid for it or stood trial or gone to prison or in any
risk of ever suffering the consequences.
So you have SIAF,NUIN and HERB and just a few others, hoping that their directors will be honest and fair towards their shareholders.Investing
should never be like that.
So now just a shell worth nothing.Perhaps Keith has plans to start something new, but obviously another case of Chinese fraud even with CBMG and others involved.
It is more like €85 million but they are going towards paying old debts.
What happened the last few days so much shocked them by staring bankruptcy in the eyes, that for the first time after decades, perhaps ever, government and oposition have decided to come together and vote for the changes that they have been pushing under the carpet for so long.
The problem with Greeks is that they will try to cheat you by sweet talk or otherwise, so nobody will invest there,
and were doing and would be doing much better with their own little currency and import tariffs.
Is Spieth a good bet.I might invest on him some of the money I won by betting on Betfair against a Grexit.
It is like Greek leaders you know have been competing over the years as to who will make the biggest U-Turn after promising too much.I had a feeling this Tsipras would win the championship.
Some delays are not always that bad.They should result in more cash available, that management may finally decide to use for share buybacks.
"They just should have put a divy POLICY in place"
This is indeed proving a big mistake.It is not as if the market was expecting a HUGE % of their profits.Why all these conditions and
pre-conditions and 20% and blah,blah....
And just one mention of a share buyback program with a P/E of under 2
and big growth potential.They couldn't find any conditions there why
it could be delayed I guess.
You are right.And I think this amazing predictability is one of the reasons
the price has been declining.It makes most shareholders want to daytrade
and when you do that inevitably you have to sell too.And with the price in a declining pattern you usually buy less than you sell.
You will see a nice recovery today after finally some big gains in China
overnight.
Just hope none of the major customers/collaborators of SIAF will now
be in trouble because of this.
Tsipras who has lost touch with reality as he can still smile and looks happy, is now trapped between saying no and the disaster awaiting the Greek economy and their banking system and saying yes to something worse than what the referendum said no to.
No idea how he can get out of this mess.Possibly sign the agreement because the Greeks are overwhelimingly in favor of staying in the Eurozone and then resign because he couldn't achieve what he promised and basically he has been a total disaster.
Any opinion about buyout offers for VIMC,AMCN and EJ?
VIMC 13.50 now at 8.83
EJ 7.36 now at 5,26
AMCN 6.00 now at 3.89
Really huge premiums.However very suspicious that they all announced
on the same day the appointment of Duff & Phelps to evaluate the
buyout proposals.
If the offers prove to be a non sincere/fraud it will be a really huge
blow to the sector.
Varoufakis was obviously forced to resign.
Which means the chances for an agreement have gone up substantially this morning.
Tuesday might be the decisive day.
Europeans seem to be fed up and at the summit of European leaders
there could be either agreement or Grexit.
So tomorrow or early Tuesday perhaps our last chance to buy Puts/Calls in
GREK,NBG with good chances of big moves.
When a country cannot even do polls/exit polls it means their situation is hopeless.
Final result closer to 60-40.
And how ironic that basically only Sparta voted yes!
Did they have something to do with pilots or was it like a random sample of people?
Would be very surprised if is the latter, unless the number of shareholders in the company has risen
dramatically lately which of course would be great.
No Vote in Greece!52-48 Exit Poll.Very interesting day tomorrow.
So everyone seems to agree now that it was not a Big Four issue and Solomon was lying at the CC?
But why didn't he just say the real reason?
Perhaps they meant on or before the Q2 results announcement, and they couldn't bother to issue a PR to correct their mistake.
Next Sunday becomes very important now.After this shock with the banks closed, the government may not be able to get a majority for the NO that is supporting.
If that is the case then they will either accept EU,ECB,IMF proposals or they will hold fresh elections with the new government probably saying YES to everything again, making the markets happy.
Not sure about the Greek people in the long run.
Markets have been moving in the past few months depending to quite a large extent on the Greek situation.
Very few expected this development.Could be really ugly on Monday.
It is not just that the debt is quite big around $350 billion.
There is a very good chance that Greece will be much better off in a few years and then it will be a matter of who is next:Portugal,Spain,Italy with over $2 Trillion debt?
Should be a bad day for the Euro too on Monday.Good we have money in the US stock market/$.
Confirmed.Government calling Greeks to say No, so heading perhaps towards the Drachma and eventually maybe outside the EU too.
Historic day for Europe and the World Economy.
Black Monday for World Markets?
Yes and I believe the ruling party will go with the NO!
Is this a blackmail towards European leaders?
Very brave and unexpected.
Big queues already outside the ATM's in Greece.
Don't know if the banks will open Monday.
Exciting days ahead.
Would not be enough.They could never compete even if they had those on quality or price with the IKEAS, ZARAS, MERCEDES, APPLES of this world.Just the first big victim of globalization.Others will follow.
Actually the whole of Europe has a lot to lose in case of a Grexit.Even
Obama will be on standby today in case he is needed to help for a deal.
The latest news is that there is good climate and we are heading towards an agreement.Huge U-turn apparently for the Greek government and highly expected since they never had a plan B and are too scared to make a fresh start with the Drachma and an exit from the EU and some sort of tariffs on imports.