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From stockpicker in Sweden:
Sino Agro Food (SIAF) is a Chinese agricultural company, with American's parent company, which produces various kinds of food. The company is an integrated and diversified producer of organic food. The Company's shares are traded on the OTC market in the U.S., where over 50% of shares owned by the Swedes. With similar Swedish interest, we will take a closer look at the share in future newsletters.
SIAF has recently risen from 36 cents in mid-September to the highest area around 60 cents the other day. Today Rebounds share something and noted about 53 cents. The share after a period of consolidation again got eyes on her the past few days with abrupt changes as a result. We may need to come back to SIAF shortly.
I bought some now anyway
There is no buyers here at all today..
What has changed?
Down to 0.53 then up to 0.55 :)
I think that we are going up today :)
Very good time to buy now
Yes, that was that i was thinking :)
Time to sleep..
That would be awesome,
But i think that Solomon is going to do the RS quite soon after the nasdaq approval. :/
It would be a nice deal if penser is delaying the listing for a while and let the shareprice drops down to 0.35 and then buying a LOT of shares and when it looks like it never going to happen they change their mind and list it to FN.
But i dont think they will do such a thing.
But FN has a demand on 0,5 euro
Thats like 0,68 cent
Last day for the Bond today.
Hope that after the s1 approval they wait some days for the reversed split.
Its the same pattern every day now, lots of buying the first hour. Then they lower the bids and wait.. After an hour they buy the shit of the sellers that has lower the ask.
So they don't only want the shareprice to go up, they wants the shares cheap too!
Maybe its people thats going to invest in a mega prawn farm :)
Very nice :)
Strong buyers!
0.65 is the next step
If we reach 0.68 cent and get a loan by collateral shares and now when we dont have any more dilution. I wounder if penser may say that its ok to list on the First North anyway..
Siaf can uplist later to OMX small cap.
A listing on the FN should go very fast when penser already got all the papers and Delphi is inserted.
I dont think we will see a single share at the market. They are soon going to start the buyback program..
Mr fraud screamer :), plz go short on this stock. I will buy all of your shares.
Did you sell it all at 0.35?
I think we are at 0.60+ in 2 weeks from now.
Good luck
I do, and on my ipad with iOS7 its impossible to log in at all.
But ihub is working with an update.
Yeah, the people that invest in siaf is very active. Solomon told us that the shares will only be collateral shares,
When the date expires they buy them back and cancel the shares.
Yes that should be a flexible choice then.
They should have around 16,5 M of shares to put out to the shareholders. + the 26,25M they sells for 1$.
14 millions goes to the need and 12M for Cash dividends and buyback?
Yes, the EPS dosent affects and the shares will not hit the market.
It should be a bullish run here from now.
Ok, i had some memories that someone had a post here about minimum shares on the amex and Nasdaq. But thanks for the update :)
But still, dilution of shares that is coming back to us dosent gives us any profit? Only more shares on our accounts?
Its a minimum of shares on amex and Nasdaq
Thx, so they dilute the shares for the dividend. But how can we make a profit from that? Maybe they need the AS raise for the uplisting when they do a reversal split?
Why are they raise to 170 M (+40M)
and sells 26,5M?
Or they will let us now soon and that the transaction will be at the 21th..
The approval of an amendment to our articles of incorporation to increase our authorized shares of common stock from 130,000,000 to 170,000,000. The action will become effective on or about the 20 th day after the definitive information statement is mailed to our stockholders.
4 weeks from now then..
Exactly, that was what Solomon told us at the meeting
But they was at .42 before and someone was buying some shares from them and they left directly
But PERT is faking sale..
Nice, im happy that i bought the extra 25k shares at 0.35 now :)
I think the s1 is here tomorrow.
So you don't think he will get any money from the bond or the 12 institutions he talked to?
No, that's not what he said. He said they will apply in a few weeks after the S1 is approved. Then the waiting time begins and then in a few weeks the RS will come. All in all it will take many months until we are there.
Yes u have right, but he told us that we could be up listing this year?
And he also didn't say that we will get a Hongkong IPO listing next week as you said. That will be in 2015 the earliest for Gods sake!
Well, i haven't said that we are going to get sjap listed in one week? :) that is impossible.
only that we will get the public info next week.
I think they have prepared a lot for this with all papers and stuff, but a Chinese company like this will get a lot of investigation before the d day.
But cheer up, if this 30 M is in the company soon.. We are having a game changer and a big trigger.
Hope you guys understand how much people and institutions that is waiting for Solomon to stop the dilution to buy or buy more shares.. We will see 0.7-1 $ again quite soon.
That was what he said.. I think that is a bit optimistic too :)
But, what if we getting 30M and a buyback program and no more arca and bmak I'm happy! :)
If we get listed in dec, jan or feb thats not a big issue. ;)
Next week..
We are getting into the china markets with sjap to help provide the shareprice. Sjap alone will have a turnover at 200 millions in a couple of years.
If one part of siaf has a real market value and is doing well it would push up the mother company's value a lot.
We will see the uplisting soon in nasdaq, 3-4 weeks+7 weeks.
After that we are going fast track to FN.
Buyback if/when we get 30 M.
If or when, Solomon was very positive..
They have meetings all week and next, so they do work.
We will not get any more shares on the market if we will get the money from the institute/s, but Solomon was very positive.
I think its time to buy some more shares now.
Yes, he told us that it doing better now.
And that the institutions may give him the money he would need. And he was very hopeful.
He wanted 30 millions for the needs and buyback
Was it 12 institutions that they have or shall talk to?
I think it was good that he was more aware of the share price this time..
And uplisting with a reversed split that should be before the end of the year..