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Well if the shares is changing hands to more long term share holders its better..
But yes, the buyer is buying a lot and bring down the share price again for more buying (tomorrow?)
Good signs today with a high volume day without any dilution.
Well, i don't think bmak have much more shares left anyway :)
http://sinoagrofood.investorroom.com/index.php?s=65&item=66
Solomon, i need one in English
Haha, you and your other nick Is on fire with your spam
And you want it to go up to 0.50.
Smart guy..
Think we could use better management?
Don't forget the mega farm through government and get a contract from Tesco. Something like a fraud would get? nope
This might have been up before..
Is this siaf?
Lamb..
http://translate.google.com/translate?hl=sv&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.21food.cn%2Fofferdetail%2F4587441.html&sandbox=1
There were 160,198,043 shares of common stock outstanding as of June 25, 2014.
I think it is about 165.5 M now
http://angbyontour.blogg.se
Martin is head coach on this tour.
So your predictions are probably right.
4-5 million shares left up to the roof of 170 million, in time for the CC. :/
http://sinoagrofood.investorroom.com/index.php?s=43&item=115
Sino Agro Food, Inc. Appoints Chief Internal Auditor
We all look forward to that scenario ;)
They was never gone, but they like to buy cheap shares, and thanks to bmak and others there is no problem to do so.
Puma might buy another 15 million shares, we don't know.
We could see a short squeeze tomorrow, up to 0.50
I really hope we get financing through this puma buyer
About one month after the tesco deal they started to buy this stock, do you think it is Tesco that is buying shares?
I think that as well..
I also have a good feeling about next CC.
Solomon is not the only one hurting out there. But he can do much better.
Terrible growth and gross profit in line with siaf.
Market cap 11.1 Billion
(But no dilution)
Siaf
50% growth and they have a tesco deal and a megafarm that secures huge growth for 20 years.
Marketcap <70 Millions :)
I can understand that Solomon is frustrated sometimes.
I think that we have spoke about it before but it is pretty interesting to compare the companies in this sector.
Zhangzhidao Group
Zhangzhidao Group are number four of the biggest public seafood company in China.
Sino Agro Food is the 2nd largest public seafood company and the 3rd largest meat company in China measured by EBITDA
Look at the market cap
Then look at the financials, revenue, growth and profit.
Apply for Shenzhen :)
Increase to 500 million shares is a joke.
It is institutional buyers, we have seen it before a couple of times.
When they signed the mega contract and the last spike up to 0.50.
Hope this leads to financing
Pre-trade today as well.
We should have around 163 million shares outstanding now.
I said I don't think they will get a fair valuation on OMX either. Perhaps a P/E of 5, who knows.
I noticed PUMA buying a few big retail blocks as well yesterday so I guess I had to do something. Because that's not good, right.
Nice work today RD!
About the funding on OMX, they can not issue more shares as you say and dilute on the market, but they can do a directed equity issue to shareholders if they need money to something.
Solomon had from start the idea that revenue and growth along with every new contract (mega farm and tesco) that goes through should be marked heavily in the share price despite the dilution.
Because we are actually moving towards higher EPS, so should the market of course buy more shares.
We all know that it doesn't work like that if you are a Chinese company on OTC market.
Dilution along with Solomon's controversial actions such as dividends announcements and with the f-share and more other pumping attempt is what destroys any remaining trust that people and investors have for this stock.
I can understand that Solomon is disappointed in the stock price in this situation. But if he had done everything right from the start, managed filings in time and not given shareholders disappointments again and again because of the pumping and the need for growth, we had been for 70 million outstanding shares now, and would be at PE 3-4 without the Nasdaq or need for finance. But we wouldn't got those mega contracts, now. And maybe some of the competitors would take some market pieces. We will see if this pans out in our favor, but one thing is for sure, he led us in an shitty situation now with an depressed share price and a win or loose situation. Pretty unbelievable if you look at this potential this company really has.
I still hope and think that Siaf is going to reach our targets, some day. The senior listing is a way to get a legitimate stamp fast.
Continuous buybacks of shares and / or dividends is another. (But this will certainly happen a long time after the most of us has get tired of this stock)
He has invested his salary as well, lots of money in form of loan
And that is better for us shareholders than if he would buy more stocks.
And he has cancel/terminate a lot of his own shares as well, but that is not the way to go IMO, that sends a wrong message to us shareholders.
I hope we will see our CFO buy some after the Q1 report
I agree, very wierd if you look at those huge contracts they have been written last 8 months.
We shall remember that it would be a lot of more issuing if they had payed the dividend..
New filing
Think it was 14 aug?
Look in the financial calendar
Dilution starts tomorrow, or what do you guys think?
New post about Siaf on jordanfonden.se
Well, we should need less and less issuing now, and that dividend pause helped.
We should also see nice revenues from SJAP soon.
Optimism, hope etc. is for losers like Solomon Lee.
What the shareholders should demand is a solid plan B.
Well Solomon have destroyed this share price that we all know, it's nothing new.
And i hope that he has learned something, including fixed price against the fish.
I certainly agree, but I do not think they will sell HU although it would solve some short-term problems.
I agree, taking small loans at 20% interest would be much better for all shareholders and the company, but it will bring the problems in the future instead.
On the other hand they will hopefully use this time to fix loans with good terms, and get that nasdaq listing.
But I am positive that they will have a 50 million dollar loan in the near future thanks to the mega farm.
And i hope, they will use some of it to buyback and hope they will wait with the dividends.
As of April 7, 2014, there were 153,692,043 shares of our common stock issued and outstanding.
We should have around 157-158 million by now.
I hope we get our loan, before we need to raise A/S again
Anyway, It is positive that they have issue less than before