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Dont worry about me Aquaculture, I have done enough due diligence to fell comfortable to be invested here and not to take advices for people who are lacking DD.
I'm very well aware of the Committees, what is your point? He did work for APAC and your guy works for ATAC.
https://ustr.gov/about-us/advisory-committees/agricultural-policy-advisory-committee-apac
Let's be objective here, Solomon, Peter and Michael is holding less shares now than they did when I first invested in SIAF 2010 and they have never sold a single share.
Stop making shit up Aqua. Dan has not lied, he is not working for the committee any more and is not claiming to do so. The guy you are referering to is working for the "Fruits and Vegetables Committee" and Dan used to do work for "Agriculture Advisory Committee".
As I told you before but, when Solomon and his colleagues cancelled shares a few years ago they said that would be compensated for it when the time was right. I don't know when the time is right to do something like that, but that is one reason why the compensation was so high, including that they had not be compensated for year.
Yes tender offers to all shareholders are superior to both cash dividends and open market buybacks for an undervalued company. But I have argued enough about that before, just search for tender offers on their board and you will find my arguments.
My IP from my home is blocked on iHub for some reason so I only got my phone to answer, so I will keep it short.
Considering the amount of time Dan is spending in China since he became CFO instead of just an independent board member I doubt that he has lots of commitments in DC now days.
With a quick search I found if connected to most of the commitments/companies you found in the old presentation.
He is not an experienced CFO. He has been invested since 2009 or something and is/was invested in the cattle business in Ohio, I think that is how he was connected to SIAF to begin with. Dan was never supposed to be the CFO, he took the role after the resignation of Bertil, then he stayed as CFO ever since.
He is committed to bunch of charity. He gave away a big part of he fortune to “pay it forward?” a few years ago, so I think he is an honest man.
I wonder how these short sellers operates? The risk of getting badly burned is very big in SIAF. It must have been a very good business so far, but I hope that they will lose every penny they have taken from us as soon has the triggers starts popping.
The link is dead for me. Based on the active MM, are you saying that we might have heavy short sellers after all?
Aquaculture, lesson learned?
Interesting, tempting idea when trading at $1,3...
It will be interesting to see how CA will be valued once listed. As long as they get at least one contract outside China, they will basically have no relations to China other than selling some technology to one company there.
That complaint was files May 2014. Its just the sticky that comes up and down like jojo depending on if the author is invested or not
SIAF is responsible for the whole COSO, from what I can see they registered all or most of the Hong Kong companies for the Chinese partners. If you would have been around a few years you would have recognized a few other (initial) names in those filings as well. Most of these partners is Chinese Aq farmers, SIAF would probable have wait for years and years before all these farmers figured out how to set up a holding company i Hong Kong if SIAF and Co wouldn't have helped them with it.
That is the resignation letter of Erik Ahl. If you download the appointment (ND2A) filing you will see that there is a Chinese dude called HU Jiezhen who is director now.
I did download most of filings for the partners. I wanted to show you a few examples here, but I just noticed that the downloads has expired so I can't get hold of them gain. Anyway, what I did was to download filings from a few of the Hong Kong companies to see who was behind it, if it was another company or office, I downloaded the second step as well. I always ended up with different lawyers who from what I can see from googling is typical a legal representativ for Chinese investors.
What I was looking for was scumbag names like Shawn Anthony Mesaros who are known to ripoff companies. If I find names that are directly related to SIAF, I feel safe.
The reason why I don't post every search or all other typ of DD I do without finding anything suspicious (in my point of view), is because if you leave crumbles here in the forum, the rats will flock around it and do whatever they can to prove that there is some thing scamy about.... do you get my drift?
If I have found something strange, I have always turned to the company first or other investors I trust (who are not posting here anymore).
You could have asked me, I think I already have most of them, at least the ones I consider important.
In the end of the day, I really don’t care much of value of assets, especially not assets located in China. What matter to me is the ability to make money from the business they have.
The auditor can book the assets to $0 for all I care, it would not change anything with the business in Siaf.
I don’t know, Siaf has booked more or less everything at cost (except TRW now). Nothing has ever been revalued before. No auditor has ever asked to revalue any asset before, profitable or not.
Get the loan so we don’t have to deal with this nonsense day after day. No one will question TRW ones they have big banks supporting them.
If they are planing to write some asset off, they will probably try to wait until TRW is revalued from the pre-IPO or the IPO. The gain in asset from fair price of TRW will dwarf any write offs in the other assets.
He must be talking about the $18m pond land, I haven't keept track on what that is really.
Fish Farm 2 is definitely in production, they used to grow eels there and make tones of money back in 2013-14. FF2 has been build out in many stages. Never got any clarity why it was not included in the COSO, but I'm not bothered about, with a production capacity of 800MT annually it's a fart in the wind in the big picture. And it's just small piece of land, can't build it out. Better spend money on the Megafarm instead of acquiring this small farm.
Hopefully they will get some money back from both investments, but I'm not counting on it.
The only thing that matters for now is to get that loan, start constructions to make CA some money and to get up production in the megafarm.
When we have the loan, we can lean back and let the money work for us
You will get a more accurate answer if you ask him instead of the guessing game crew.
Erik Ahl
Tel: +46 (0)760 495 885
E-mail: erik.ahl@sinoagrofood.com
There will probably be an investor tour this summer.
No body cared about the ponds or FF2 until Dan mentioned it in the CC. If they can get some money out of them, I consider it as a bonus. All that matters now is the loan so CA and TRW can ramp up production and start to make money for us.
They where hoping to be able to sell the swampy area that is not suitable for fish ponds to someone who want to develop the area to industry area, good luck with that
It's not Chinese banks. If it was, then collateral would not have been an issue.
In the meeting in Stockholm, Solomon said that the fish pond was located at the Mega Farm when I asked the question. I might have misunderstood.
TRW does not own that pond farm so it will not interfere with the TRW dividend in any form.
Solomon is still the boss and Triway is very much depended on SIAF/CA still.
Here is a transcript of the answers from Dan (23-39 min in to the call including what jyyoo alread transcribed).
I’m making a transcript of the call or parts of it. Dan is saying some very interesting stuff about those collateral shares, or trying to tells us some interesting stuff. Listen to it a few times and you will see.
I can imagine that a large part of the credit is earmarked for Triway (fishery) trading purposes only.
This is how sheep hordes are formed around a stock
This time in our advantage
Did you really read all that spam mumbojumbo lol
Indeed. As soon as the loan is settled, next step will have to be to sign a contractor for the build out of the mega farm, after that to perform the pre-IPO, assign a complete formal BOD suitable for a listed company, then the IPO. All in my opinion.
The pre-IPO will be much more successful with HSBC, City Bank and other big banks in the back. I'm guessing that the lead bank or the whole consortium will be the underwriter for the IPO.