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No, I didnt mean fake volume but the general trading scheme - meaning it goes just down and down
Hehe, right, spot on. Sure we got ton of fake volume on US OTC but the scheme of trading is probably even worse in Oslo.
The company shows more and more depressed PPS, what tension you see?
Solly discovered the beauty of reverse splits He wont hesitate to use it again. "SIAF will never go to pennies again"
Solomon will not have any problems to do another reverse split if needed. As he says "I will do anything I can do for the shareholders".
Wow you are one major shareholder, over 1 % you alone? They should treat you with some respect and not like this.
Or it indicates that show is about to end and its time to cash out as much as possible.
Either way, normal solid management that cares would print shares for themselves AFTER they did some job and not in hope to get something done.
This is as ridiculous/pathetic as it can ever get.
Solid insult to shareholders When I think the company doesnt have any aces to surprise with anymore, they pull it off
Nothing like slap in the face for shareholders when they see guys on BoD receive almost 10k shares each for free after they basically devastated shareholders to the ground and failed everything. Oh, and that comes after news that they diluted the hell out of shareholders against last year
Well done, Solly
Still very nice printing machine. How many times did we hear there is no more dilution? And that this is the last A/S raise, I promise?
I guess the upcoming CC is the perfect opportunity to get clear answers about it. Hopefully the board/management start to speak up and get informations straight rather than the usual general BS. If they cant clarify this 100 % when asked (and I hope someone asks), you know something is rotten in SIAF.
Well thats obvious. But the real thing is whether he is right or wrong.
No. This guy looks like biggest threat to shareholders since they started to jump into SIAF in 2010.
For me its 50/50 attack comes.
And maybe it will not be an attack. Maybe it will be the real truth revalation like in most cases of China frauds.
Its never too late to learn and realize things. Solomon lives just from dilution, he never built anything reasonable whats actually making real money for shareholders.
Of course you grow (well not anymore) revenues if you dilute like hell and "invest" millions of USD every single year.
What you see is NOT a collapse. Its a REAL fundamental basic in SIAF when Solomon had to stop printing like crazy for some time.
He is the worst CEO on planet, lives only because of shareholders stupidity who keeps buying and believing his sugar talks.
All the investments Solomon made since some 2011 were absolutely ridiculous and pathetic.
But we are in China. Noone cares about shareholders. They just live off fraud every day and try to rob as much money as possible. From others. Thats their business concept and it will take very long time - if even possible - to change their thinking. Maybe a century or two, I have no idea. But Solomon and SIAF making SHAREHOLDERS rich? Oh, please.
I dont know of anyone who did actual good business in China. But I know about tons of billionaires from my country being robbed and left China totally devastated by losing all they came with.
I think SIAF is probably worth more than your puts anyway
Look at volume in Oslo since US opened. Swedes and others are dumping like there is no tomorrow LOL.
Growing operations, yes. But profits are falling fast and some operations show that they might not be even profitable at all.
Its easy to grow operations if they company gets tens of millions of USD from dilution. Trained monkey could do it.
But growing operations AND profits requires some know how and ability. Lee doesnt have them AT ALL.
What can he do when he has to get the approval of Solomon for everything?
Im not ignoring it. It was based on the ECAB deal, tons of traders got involved + MMs helped a lot, chart was nice. Im sure we had heavy buyers.
But can SIAF offer such a news again? Only spinoff happening could change things imho. I dont believe they can accomplish it and (thats very important!) place the spinoff on major exchange. At best they do another OTC listing imho. That would help ofc too, depending on the price, but not over longterm.
We need the company to get things straight and right AND big board listing. I dont see these things happening with Mr. I-love-to-dilute in charge.
I want a penny for every post like this since 2011. I would be nice to live the rest of life being really wealthy.
Capitulation? 80k on OTC? Capitulation could be 1M shares day with being well off the lows but not this. This may be just the very start of hitting reality.
Another problem is that who will buy it up, I mean for real? MMs will help ofc but that will be good just for another wave up before it dumps even lower.
Still amazing how long this company could have lived on plain promises only... well not anymore.
The problem isnt really "so many retail". After all, volume is pretty low. The problem is that there were just a few buyers (technically), coming from a few sources. When they stopped buying, we got those low volume movements with longer term downside bias. Now when some of them actually start selling, it will create this waterfall as they is noone seriously bidding.
The company got behind the tipping point finally. Actually way later than I thought but Nordic shareholders were very stubborn to realize that this company never did anything good for them.
Now when even some fundamental and oh-so-cheap stories are failing, its probably time to dump even for some of the big believers.
Now we will see if some of the new guys are of any real value, like FD. If they dont offer something real pretty soon, realy shitshow is coming imho.
PS: Also we have a negative trend with commodities and commodity stocks having a massive bull market and as we know JF guys are mostly about them... so they dont want to miss out anymore, being in this SIAF turd.
Thats gonna take major reverse split But it makes sense indeed - Solomon promised not to dilute over a certain threshold. Noone ever said anything it cant be thanks to reverse splitting
Cant help myself, the more I see the more Im convinced that KNDI is likely a full fraud company.
http://www.bloomberg.com/news/articles/2016-04-21/china-s-electric-car-subsidy-fraud-casts-doubt-on-surging-demand
Typical growth company. But we dont need to worry about this - book value in case of a Chinese company means absolutely nothing.
16k shares is nothing. Unlike Oslo, OTC would be willing to let SIAF live. Its funny and ironic - Oslo should have been the one to save SIAF and it works in contrary
Totally. This is all manipulation. The stock is set to skyrocket, its just evil tactics stopping it all the time, all the years. No worries, hold tight, it will come!
Yep someone is calling it quits... 150k on ask in Oslo, not bad. Well done, all those overpaid board guys! Getting pissed even the most loyal shareholders on earth is some acchievement.
The good part of this is that we have finally a confirmation that SIAF is NOT correlated to gold. Or oil.
Pheeew.
Nah its totally normal. After years of endless Nordic buying, now some people want to sell. This is what was surely coming in case SIAF couldnt get any new real money interested. And the development really couldnt get anyone new.
And thats just a few guys selling out some 50-100k shares or something. Now imagine if we get a few millions shares selling in case they realize all the promises are going toast again with the company fundamentals going down hard too... now that will be fun
A bit offtopic but this is exactly the way Chinese businessmen think and do business: http://qz.com/655849/welcome-to-the-wonderful-world-of-chinese-online-shopping-heres-how-to-not-get-ripped-off/
And some here are still in surprise that the last thing Solomon cares about are shareholders
Thats indeed true. At least its some insurance policy for him, as long as the company doesnt default.
On the other hand, lets not forget they still have the bond. Sure, convertible and it would be nice for them to make some good bucks on shares but primarily if they get paid back, they are all good.
That said, its very disappointing indeed as it should have turned the trend. It did but just briefly. Heck, we are not far away from where it all started!
You have no idea what is SIAF really worth. Neither do I. Maybe those guys selling out will be seen as the wise ones.
SIAF is worth 30 % less simply because the PPS is there AND there is no real interest in the stock, it keeps falling w/o any support. A few shareholders selling out cause this. Now imagine if 20-50 guys decide to sell out. Now that will be a fight to be first in the door
Really the worst part about this is that its falling w/o any resistence. And volume isnt really skyhigh.
This company can be easily worth 0 for shareholders and you call this a value investment? Nice
One should care more that 1) there is no interest even at these levels anymore (not so surprising); 2) that even some Nordic guys start to be pissed and sell out (not so surprising either but pretty warning).
I guess you can success with a carrot on a stick in front of shareholders only for some limited time. In SIAF case it has been quite solid time, a few years. Unless the company delivers real success, I dont believe this stock can significantly rise. Actually the risk is that more and more people realize how it is. And as I have written many times - the possible recovery of oil stocks isnt helping as JF guys may see better opportunities.