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Both Solomon and other people has been saying that it will end soon. I think 50m will be max.
It would be nice if it could be the same, but it’s a problem as long as you have 500k new shares a week on the ask.
Btw, it seems like the dilution is coming to an end now quite soon.
I’m not too sure about threatening Nisse, since he might just get enough and leave the BOD, but Solomon should definitely feel some pressure.
Great initiative, it’s ridiculous that it has come down to this. Solomon must be the worst CEO in the world, they never achieve anything, it’s apparently even hard to stick to the plan to give out a portion of their own shares to the shareholders.
Are we seeing a larger increase of shares on Merkur now when they’ve been issuing shares? What’s the share count on Merkur ATM? Thx
I mean after a 320k share volume @27cents on Merkur we should see at least 200k on the bid side at 25 cents on OTC. Same for yesterday, so do we have a seller on Merkur or have they started to dump on Merkur directly?
Otherwise we’ll probably see a larger t-trade here again soon.
Almost more volume on merkur these days. Lots of buying around 27 cents.
A/S raise tonight?
For sure after close. And if we’re seeing a spike up in the last hour with 2-300k volume we’ll know it will happen that day
They usually announce these things on a Friday, but yeah I agree. As I’ve been saying in recent posts, this Friday/tomorrow or next Friday is my bet.
Just hit the ask you cheap f***s, we could be at 1 dollar in two weeks.
It’s not much shares available at the moment. I’m holding 85% of my full position in Siaf at the moment, more than ever before.
Yeah I noticed this too, and it sucks when you have a buying order at .2506 to see a random sale nearly 80 cents lower without getting your order through. As always it seems like the guys who’s sells the shares are making money. Short heavily for a while and sometimes very fast so the market doesn’t have time to put up bids and then they cover as low as they can.
Also remember they promised us this time, and their ass is on the line this time.
Same old same old, but the TRW dividend announcement should be here on Friday or next Friday at the latest.
They should hold about 2-300k shares at this moment.
Yep, bought 100k today at .2506
Time to fill up, we will probably see a 1,4m raise tomorrow, but I think an update about TRW will happen real soon.
It's going to get expensive next year to pay 10 cents in dividends.
We’ll probably get an update soon. Even if it’s bad short term it may become positive.
Oh we will, we have seen it like 15 times during the past 3 years. And the Triway distribution seems to be very close now.
I think you can look at it like this, yes they might lose some in one corner but they will gain about the same with a raise in the price. Siaf is more prepared for this than 97% of the rest of the farmers. And higher prices may stick for the rest of the year.
At least i got some cheap shares, still have a fee left on the bid tho.. so more dumping please.
I wouldn’t mind if we went down a cent or two today, but there’s a chance the dumping will be on a halt today so we might even end up for the day.
Tell me about it..
I guess Solomon hasn’t really understood the concept yet, if you’re cooking books why not file great results every Q so you can sell stock for 10 bucks instead of 30 cents. People tend to throw money at companies who has good growth and increasing EPS numbers.
19k in volume so far at Merkur and it’s down 9%. It’s going to be interesting to see if we’re seeing any nervousness on OTC today. I didn’t think this was the stock for the nervous people, but I guess people think it’s overvalued and that this typhoon will change things going forward.. :)
40% higher shrimp prices in China in two months? Looks pretty brutal down there..
Haha, no of course not, but before the record date perhaps.
Btw, nice dumping in the end of the day, per usual.
Noticed it this morning.
It was a raise of 194 932 shares, seems like a weird number. It could be for some other sort of settlement or a final tranche
I don’t think Tony has been very cost effective at this early stage in terms of getting cash flow. They should probably been waiting with some of the research until they have more tanks.
I think it’s been tough with half done tanks without boiler and cleaning system, it seems like they are expecting to see better performance next year. I guess that’s why we have seen 20M new shares.. It would probably have taken them several years to get in order otherwise.
Hard with 1,5 million shares on the ask :)
Unleash the kraken
Finally
Ma100, the black line is the one I care about.
I think it may go down with the line as for the other red line until it broke up, we need to get the news and a record date for TRW. There’s dumping going on, but they also get to sell 80-100k shares every day.
I’m guessing news will come next Friday or the week after that.
I don’t think anyone wants to be out when that happens.
Chart
https://invst.ly/8ku-i
https://invst.ly/8kv1h
Nisse seems to be bull again, the chart starts to be bullish too. It could break down one more time but it won't go down more than a few cents. $1.20 shouldn't be impossible in the next few months...
It's not impossible that they actually will get that $100M loan now when they starting to have some cash flow, IMO.
It seems to be one broker who sells all the shares for them tho?
It seems to be one broker who sells all the shares for them tho?
I think siaf will be giving ECAB a lot more TRW shares than they’ve been telling us in the past, otherwise they would have converted now.
I would not be surprised if ECAB has been picking up a lot of shares at 0.30 lately, why settle for siaf shares for 3 bucks when you can settle them for trw shares + cash to buy shares at 30 cents.
We haven’t seen a ownership filing yet which is kinda strange don’t you think? So the buying interest should be from one of the large holders and/or from the ECAB group. I mean someone has been picking up at least 10M shares during the last 6 months.
No, I didn’t mean it like that. They usually issue more shares when they’ve sold the last batch or are at low inventory, so it depends on when they’re done selling. Right now it seems like they’re issuing shares even though they haven’t sold all the shares yet. So they’re working up a inventory since they have to freeze the issuing for a few weeks.
I think they're stockpiling shares now since they can't release any new shares after the record date. I guess they won't go above 2,25 million shares so that they have to file a 5% ownership..
They should hold about 1,5 million shares at the moment including the last 500k shares.
Nisse seems more positive on the JF site.
It seems like it is fixed with 3 siaf for 1 TRW so it shouldn't matter if they're issuing shares. They just need to give out more TRW shares.