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Do you still believe that there is a connection between the nick and zerohedge.com? Surely zerohedge.com nows some math?
lol He's still defending the alternative math...
In case people wonder; 42m3 = 2m width x 5m length x 4.2m hight (or whatever combinaton where the product is 42). Not very impressive, is it? Could almost fit into ONE trailer...
Or, for US; 55yd3 = 3 yd x 3 yd x 6yd.
Also; 55yd3 = 55 * (3ft)^3 = 1485 ft3. It is NOT equal 165x165x165=4.5 million. Someone is of by a factor of 3025...
Doesn't seem to make much sense to spin off SJAP or HU at the moment, but MEIJI might be a good candidate.
Wasn't it so that there has been mixed information about this? I.e both that they wanted to do the G-shares BEFORE the corporate excercises, and AFTER? (in the same filing?)
It seems we have different rules/offers from Nordnet Sweden and Nordnet Norway. Here is the offer I have in my account;
Simple indeed. Brings us back to;
42000 kg with 1000kg/m3 = 42m3
And with 1m3=1.3yd3 we get 42m3=55yd3
However, as pointed out, the faulty math appears from yd3 to ft3 where (55yd3) suddenly becomes (165ft)^3 instead of 55*(3ft)^3. Easy mistake to make, and that's not the point, but the problem is that this false statement never was withdrawn (like the rest of the faulty statements from the same poster) and even repeated several times after being debunked (again, like the rest of the faulty statements).
Here's the first post where the faulty math appeared;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136063357
And here's one of my debunkings of that math;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136125532
The first part is correct (i.e 42000 kg with 1000kg/m3 = 42m3 = 55yd3), but then 55 yd3 suddenly turns into 165ft feet x 165 feet (x 165 feet). It should of course have been 55yd3=55*(3 feet)^3=55*9 ft3=1485ft3, but yet that same claim is repeated several times (
lol Do you also believe that zerohedge.com doesn't even know basic math, and that zerohedge.com would double down on 55 feet^3=55 feet x 55 feet x 55 feet? We've also learned that it is IMPOSSIBLE for a company to be profitable if it has bad cash flow, I doubt zerohedge.com would claim such a thing (although a bad cash flow will have a negative effect on earnings)
Strange. For me it states AF and PKB (which I believe is the pension-account, IPS). Either the rules are different in Norway and Sweden, or they only show your options.
Other Scandinavians who has gotten the message from Nordnet and who holds SIAF-ME on other accounts?
Correct, but with a normal company it would also be likely that the offer would be filled. Not sure about SIAF though - hopefully (...) Garret (or similar) is behind making sure it will be filled, but who knows (we should hold our breaths for that part I guess(
Have you checked your corporate actions whether the option to convert shows up for all your accounts and not only the "aktie- och fonddepå"?
Good question. I got the notification only for my "aksje- og fondskonto", but when I check the corporate actions I can reply for my IPS-account as well (I don't have an investeringskonto zero at the moment so I don't know about that one). Not sure if that means that we will be allowed to keep the shares there, but at least it seems that they will be converted.
For a normal company that would be GREAT news, since Q3 ends in 6 weeks (as you pointed out), but with Solomon? High likelyhood of pure fluff, but let's keep our fingers crossed
Do you think zerohedge.com would spend countless of hours spreading false information about one - and only one - stock company on this forum?
I believe they HAVE to be converted, since there will be no SIAF-ME-shares after delisting? Converting (at least if it is free) is what you want anyways, since that allows you to sell the shares at some point
I get the impression that the customers service at Nordnet doesn't always know the rules are when they reply, hence a lot of confusion and misinformation is spread...
Technically no, but yes (although with fees I assume) - if allowed though, not sure if the tax office thinks it is a good idea, but maybe under this special situation
It is possible that they "sell" and "buy" the same shares on one of your different accounts, with the current marketprice as the realization-price. However, as you said, might be wise to check with your broker.
I don't know the Swedish rules, but I assume they are somewhat the same as what we have in Norway, i.e you are not allowed to have OTC-shares there. I assume that the SIAF-ME will be converted to SIAF (OTC), but since you aren't allowed to have OTC-shares there I assume they will be sold by your broker.
With regards to buying I believe the SIAF-ME will be converted to SIAF (OTC), maybe for a fee. At the moment SIAF-ME have a heavy discount over SIAF (OTC), so unless the fee is high it might be better to buy the Merkur-shares on your aktiekonto.
Keep in mind that these are all assumptions. Your broker may (or may not) be of assistance
What they SHOULD do is decide whether they want to continue being shareholders or not. If they do, then they should sell the shares in the "wrong" account and buy them back in an account that allows SIAF-shares post the delisting now and not wait till everyone needs to exit.
Of course, the lost tax-benefits would convince some to hold on to the shares as long as possible in case Solomon deliveres and the PPS bounces (and hence the lost tax-benefits are reduced)
It isn't the horse that is the problem, but the person riding it - and he might ride it straight into another ditch
Repaid or converted into preferred shares?
It is a good sign that you're about to reenter
So that contradicts RDs quote;
Didn't they (or someone here) say that they planned on distributing BEFORE the corporate exercises? To me it makes perfect sense to have the lenders convert their common shares to preferred shares BEFORE the TRW-distribution, so that we are the one receiving the TRW-shares and not the lenders. I.e better to have the anti-dilution measures before the distribution than after, although I don't care to much if they have to split the distribution in two rounds because of tax purposes.
Nope. Maybe they are flying, but they are not starting to fly now! lol
We KNEW that SIAF would be delisted once they messed-up the distribution, and we knew if would be a fact when SIAF told us that they had "applied" to delist. Also, we've known about the lawsuit for a while.
There are plenty of reasons to sell, Solomon's mismanagement being the largest, but I don't see a reason to sell NOW. It's like getting a speeding-ticket and then deciding to sell your car when the ticket arrives in the mail
Why on earth NOW? Not long ago you were so positive, and now you sold? Don't tell me it's the delisting, because THAT we have known for a long time
I believe this was another of Solomon's lies and that Oslo Børs told him that he had to rectify the major mess-ups (and give a really good explanation of how he could double-down on the distributions so close the cancellation) and that he both couldn't and wouldn't.
Unfortunately, SIAF doesn't deserve to be listed on the Merkur baby-exchange.
I think his worst mistake was to give a timeline of when the TRW-shares would be distributed. He probably knew that they wouldn't be able to reach that target - heck, he might have said it to try to boost the PPS and hence have a better hand vs ECAB. Even if he didn't know, at some point he knew and chose not to tell the market. As I said back then; I believe one can build a case against Solomon on that grounds alone