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Yes thats normal OTC stuff, even retail can do this.
INTL has been buying in mass in history too. Now selling. There is nothing strange going on. This is just the consequence of management not caring and SIAF being a company of hardly any value in its assets for shareholders as its all in China.
18 cents pre split, very nice Solly But he can be happy, he sucked so much money from shareholders with dilution its beyond belief. Thats actually the only thing he achieved.
There is absolutely no attack, just one management that doesnt care whatsoever. And it has been always like this. Some shareholders getting annoyed and saying goodbye. They will still feel like winners as most will hold this to cents before realizing the truth.
LOL good one.
Show must go on But looking at the PPS, the end feels near.
Seems like they never learn :)
Some Swedes realizing that the only thing left on the table is the rest of the value of this junk company (which is going to 0 obviously)? They will still feel like winners in hindsight for selling even for this 22 cents per shares pre-split :)
Well I surely wish you guys some success finally. I just have hard time believing something really good will ever come out of this stock... I will be glad to be surprised
Chinese company and relying on honesty... good one
Yeah its always "stubborn", "alergic", "closed window", "bad market condition" and such. Never a mistake or idiocy of the board
Im fully for it, why not. Heck, they keep pushing this carrot for 7th year and they still have tons of believers, thats some serious management work
Absolutely. Tremendous job. The board should be paid way higher.
I would rather buy some food... I dont see you eating this post, sadly LOL.
The day SIAF does a buyback on open market, hell will be frozen by that time.
Management doesnt care at all. You should have known this after all those years, its the same every day.
At least you saved some money and can invest it into something reasonable. Plenty of opportunities around.
Dont want to ruin your world but its not about the name AMZN is a stellar company, SIAF just suspicious Chinese small cap.
I fully agree. I always say SIAF does exist but its absolutely of no use and value for shareholders. Hence the Chinese visits are nice but for nothing from shareholders perspective.
They have 123M in total ARs? Jesus. Every shareholder should be very interested in solid and stable Chinese economy so they dont start to get entities not willing to pay.
Chinese bond yields start to invest on some places and thats always a bad sign.
What is the account receivables for SIAF atm? That could be of interest for you (if its low then ok, really have no idea... used to be quite a rising issue, though)
Nothing against your investment if you like it. You at least do DD and know the risks.
I thought this company would have been resolved way sooner, one way or another. Im really very surprised to see things going stucked pretty much at the same point in 2017 as well.
I agree with you, things should really show whats up soon... but then again I thought so like 2 years ago and we are still here. Maybe they can keep going even from this point for some time. We will see.
Another bad part for SIAF shareholders is that massive rally on markets for years, creating huge opportunity costs too.
I will not take any pick, be it SIAF or XIN. And ofc I criticize XIN as their management is ridiculous, private jets and stuff. Neither of them are there for shareholders. Chinese mentality isnt set for that, they fundamentally dont understand what it means.
GOOGL or AMZN is an investment. Not these funky Chinese companies. If I had to buy something really Chinese I would probably try something like BABA. But even there Im convinced about pretty shady things going on.
Either way good luck with your picks in this sector
Its not shallow, its absolutely realistic. 7 years, no progress at all, just dilution.
If they bring up something reasonable, we can then talk. But putting trust into the management after all of that fiasco is blind faith at this point.
Its 2017. The story started in 2010. Company has not produced anything shareholder friendly, failed many promises, just diluted the hell out of shareholders. If 7 years wasnt enough, then Im not sure if next 7 will help to understand it. Some guys will drive it to zero it seems.
The endless belief of some people here amazes me too. I dont think its 100 % scam, no way, but its obvious that nothing good will ever drop for shareholders from this company. Which was said many years ago, so far everything proved it but some still refuse to face reality.
Its a norm with SIAF, havent you got used to get to it already?
LOL number of issued shares keep going up. Instead of direct dumpage they just got some convertible debt which is even worse.
He absolutely has no need to. How much money have they raised through share dumpage? Tens of millions of USD. Why to endanger this cash cow
China's Largest Dairy Operator Suddenly Crashes 85% To Record Low, Muddy Waters Says "Worth Close To Zero"
http://www.zerohedge.com/news/2017-03-24/chinas-largest-dairy-operator-suddenly-crashes-85-record-low-muddy-waters-says-worth
And you still have belief in some SIAF junk that has red flags all over the place...
Sadly big board stocks are the same nowadays so indeed who would care about some OTC Chinese junk.
Haha, he surely keeps buying hard, just doesnt want anyone to know about it
Well like thats nothing new Its a regular thing on SIAF already. But yes, its pathetic no matter how many times this happened.
Insider trading is working hard on SIAF, indeed.
Scare? Not at all with no shares for over a year at least
I have been SIAF-free for a looong time by now, so really no agenda at all Just following it out of interest.
Isnt it frightening that real 100k bid gets filled like nothing?
Years and years of promo for one unknown Chinese junk company that produced nothing but pain, tons of diluted shares and missed promises... yeah, makes sense
SIAF really delivering it would be a real shocker for many, including myself
Nothing, just another pump and dump MMs made money on. Again and again. CANT learned a lesson for sure
I think everyone still not understanding OTC just learned a valuable lesson
Aaaaaaaaand its gone