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I got the impression that as a Hong Kong company you could use main land assets as collateral, but apparently that is not the case. What does TRW/SIAF and the partners have of value outside china main land? Stocks?
The BOD did not receive any shares
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001488419&type=&dateb=&owner=only&count=40
I don't know why they are delaying the AGM. In SIAF case the AGM is not a big thing for us shareholders since Solomon has all the power to approve whatever he wants more or less.
In general, I don't think that it's necessary to have an AGM to make a new dividend/buyback policy, but it's quite convenient to take the occasion to make it official at that time so they don't have to red do it later.
I agree, Aquaculture is the future. Why I mentioned SJAP is because Empty thinks TRW is miss-managed (I guess it's because the financing is taking time?) when the only subsidiary that is miss managed is SJAP imo.
His salary is $336k, not $3m.
Got the impression from Dan that they will somehow address the mystery of the too many shares on the market by putting out a memo on the homepage.
I'm very confident that the loan will materialize but I'm a bit worried about what they will use as collateral.
I don't think they did it on that date.
Solomon is the CEO of Triway. I don’t know who the daily leader is, marketing responsible, secretary, accountant or what ever, for now I don’t really care, they are all positioned by local Hong Kong employees and I would not be able determine their competence if I learned their names. This goes for all the subsidiaries of SIAF, I don’t care of the names of the employees in those companies either. When Triway or any other of the subsidiaries gets IPO’d, the names of the management has a meaning.
I’m sorry Empty, but your post are getting so ignorant I will just answer with just as ignorant answers...
Have you asked the company of the names of the employees in TRW? If not, just do it.
What’s up with the female/male prawn thing, did you really get that doubt by the Under The Current articles? Do you read the updates and or listen to his what he has said in the past?
Ching Chong, Pling Plong and Ding Dong. I would think that you would be more interested in the management of SJAP...
There is of course a management in TRW, but it's still a private company just like SJAP, HSA, JHST, MEJI, APWAM, QZH, CA...
The annual report is accepted, it's just that SEC is not finished with the review of the report which they do every third year (2014 and 2015 is finnished). Just because there is a review, it does not mean that anything has to change, most of the time the company just have to answer questions, some times they have to make new clarifications in the 10K.
Triway is worth much more if they have access to external money. You don’t want another SIAF.
When he is saying that maybe they don’t need more money after the loan, it all boils down to how fast they want to build.
Originally they planned to loan $30million, then get $150m from the pre-IPO, then another $250m from the IPO. All in a 3 years period of time.
So if they can get $100-150m in loans to start with, it changes the dynamics of the pre-/IPO money required.
If iHubbers repeat something enough, it becomes the “truth”.
Yes I have said this many times before. When applying for the Hong Kong exchange you have to be super careful of what you communicate. It could be enough that some one like me or RD or anyone else publish a forecast of the Triway business to get rejected, even though we are not related to the company. It’s so bad and the regularities are so strict that you can hardly find any Internet forums discussing stocks in Hong Kong.
Triway is still it a public traded company so they will not use these official titles. They could just as well have a treasurer or controller or whatever...
I guess that they would have to change transfer agent to get away with such a thing, but they have not changed transfer agent.
https://www.otcmarkets.com/content/doc/FAQ-Transfer-Agents.pdf
No it’s not possible
They are not paying people in shares. They have initiative programs as any other company.
By the way, I never said to you or anyone else that loan would be finalized at any particular time. I just reported what what said during the meeting in Stockholm, which was that Solomon expected the loan to be finalized 6-7 weeks later, which it obviously wasn’t, at least not publicly announced as finalized.
Erik told me that the company will respond to the resent articles, don't know when. Should be soon, or should have been done already in my opinion... I guess they have a good reason for dragging out on the response.
Erik told me
I'm just passing along what I hear or are being told, if you don't like it, ignore me.
There will be a response to the articles.
No, when I’m buying I’m buying.
On Avanza you have an advanced order menu, there you can chose how many shares you want to show.
Today I only showed 500 shares of my order. If you are interested to buy a large number of shares, you can’t show your whole order on Merkur, the share price runs away from you if you do that.
But I think it’s possible to show less than 500 shares.
What is shown does not mean a thing. I have had an “hidden” order at 12.25 accumulating all day.
Let’s challenge Tony to stock a tank at AF1 with the highest density of prawns the world has ever seen, then invite all the “experts”.
As Tony said, when he and his expert colleagues was discussing the potential of phased growout/partial harvest, Solomon had been doing it for years already.
On the bright side, we are half way to your target
When will you file a new SC 13G? When it becomes public that you are still committed to your investment it will send a very bullish signal to the market.
They are blaming the Hong Kong application/listing. If you somehow appear to be housing your stock, you will not get listed.
You know that it has gone so far that there is no stock forums in Hong Kong, because the authorities could not make a difference between what is the view of the investor and the companies.
Jade Perch is not even mentioned as one of the products Triway is producing on their new homepage, so it's not like it is or will be a product that matters for Triway. I wonder why the author got stuck on that fish of all verities of fished they are farming.
http://www.tri-way.hk/our-products
Well, that headline is not really serious.
"Tesla not in profit, cast doubt on Toyotas production line"
I have to post this again, it kind of sums up the advantage team SIAF has in China.
And now I'm supporting this noob by signing up for their newsletter... I should de register again