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lol, there also was a guy on Facebook wanting to buy a pallet of prawns. The told him to contact PETER.
Still, you are disliked for being dishonest. Just saying.
Ks, you, RD, TS, Jyyoo, are adding cred to the company without knowing it. Great tools to keep PPS up.
I have said several times that I want a low PPS until THEY make progress and deserve PPS increase. Until then, all PPS increase will only spark massive dillution and dumpage.
So finally RD doesn't want to be exploited and I will TRY to join him. He has served the company well for too long, without that being the intension. Still, lots of respect and love to my fellow shareholders with RD held high.
Short term pain for long term gain
Yes,
But I would expect this to be simliar to a change of auditor. Some auditors suddenly leave and the company has to act fast to appoint a new one. More planned processes, you expect the predecessor/new auditor (or here: secretary) to be announced around the same time as the retirement of the previous.
I hold this as bad news until proven wrong.
I don't expect Cosmos, as a registrary business service, to exit business agreement and income, without reasons to do so. Any misconduct within the companies they represent, could make them liable.
I would love to be wrong.
TS, you are into the HK filings. What is your understanding here?
Cosmos Corporate Service Limited has left the building
Cosmos is throwing in the towel.
Cosmos has also discontiued with several Tri-Way owners (companies supposedly held by "partners" or "farmers"):
1. Good Sea Limited
2. Green & Natural Agriculture Limited
3. Fine Happy Limited
Of course, non of this has any interest for the stupid share holders so we will not ever get any filing explaining why things seem to fall apart.
This seems for sure to be the year of the dog, indeed.
TS, I would appreciate your updated views on the CEO meeting in Sept 17 in Scandinavia. I still think your posts from the meeting and questions you raised, are some of the most interesting to be tead on this board.
Where do you stand today? Are you still in contact with them and still invested?
For F1 they used five lawyers. For syndicate, five banks. Always five. When I hire lawyers, they never want to include others. Was he lying? Do you still found them credible? Personaly, I have problems after the CC around the loan process.
And if they don't succed and the PPS goes up 10%, the management will increase O/S or dumping occurs. Or both.
So let's see - who is on OUR side?
We have been down this road before and the $150 deal was between GODL and CA. GODL was established four months earlier and Erik Ahl has been in the BOD. Still BOD in SIAF at the same time.
From your response on my post at that point, you wrote SIAF and GODL were more or less the same. I guess I misunderstood your response, no problem.
Life is good when your startup can award $150mill contracts.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136790496
Think the whole CA is BS. Only sale ever was a mega deal to a company they started themselves IMO. Now known as MF. Never ever sold a project to external customers and probably don't have people employed in CA. Think it's just a financial split to create revenue between company A and B.
I don't think they have any advance tech in RAS. The thing they CAN succeed with, is creating prawn broodstock and utilizing RAS to produce eatable food with less use of illegal malankitt green and other shit they put into Prawn ponds.
Thanks. Looks like biofilter and not CO2. Then again, they might not need large CO2 units for these species.
I also got an R&D feeling from the New Year letter, if you get me. Look at some of the wording. Thought we were at scale-up now. That we had verified the setup from demofarms
I am puzzled by something.
1. The heater they had planned for MF, appears to be ad-hoc the way piping outside wall is done. If it was planned all along, we should not see this lack of piping integrated in first building stage
2. The CO2 ventilation is supposed to be found between the tanks. Never seen aerators installed like this. Also, I can't find the O2 equipment.
And I still have nightmares about us owning 100% of TRW. where is that PRE-IPO? Are we still waiting for a loan? Is it 12 months now? Time to hit plan B.
I agree with you Mach-man.
Sure other posters like KS would agree 100%,since he has put a lot into this board.
Maybe Peter left and took the admin login with him :)
Did I miss one or are you referring to the NY PR about year of the dog?
Thanks for this. It's nearly impossible to post pics on ihub platform, so appreciate the effort.
Not sure if it's out, just noticed the financial calendar has finally been update:
10-Q 1st Quarter Results May 15, 2018 Automatic Extension May 22, 2018
10-Q 2nd Quarter Results August 17, 2018 Automatic Extension August 21, 2018
10-Q 3rd Quarter Results November 14, 2018 Auto
Street view didn’t work for me, but I understand it was not for fertilizer but for people...
It's where local SIAF investors now live :)
A $100 inventory by 20.000MT, is 2.000 20ft containers. It will fill 50% of a Panamax container ship.
Wow.
In this regard, I also think they could grasp the LOWEST HANGING FRUIT in SIAF: Solomon can free of charge remove his A-shares without compensation.
As the single person with the responsiblity of destroying sharholder value and even lives, he is still unbelivable overpaid (+ everincreasing pay in shares as the pps decreases), and looses NO monetary value by removing the A-shares. No need for compensation.
By removing the A-shares, he will become the second largest winner after Alessandro, due to his large holding of shares will triple in value.
But the quest for power is outperforming the will to increase pps and not only "feel our pain" but actually acting like he would like to reduce the pain.
If SIAF receives cash from TRW, I hope we can gear up the sheep venture and become the greatest sheep company in China. We could even try to feed them with our $20 mill inventory of fertilizer or dead immortal flowers.
Better then sending cash dividends to the US, Scandinavia and the Netherlands - right RD?
It probably means that the fingerlings would be sold to a company without cash and all sales will be booked as Accounts Receivable. If TRW is the customer, I would assume this is correct.
But you may wonder where the $30 mill profits annualy in TRW are headed, if not to build biomass? You can't "grow organically" by not replacing harvested biomass with new input i.e fingerlings.
Suddenly everything here seems to collaps without external finances. Are they backing out or something? Damn, I get annoyed.
I would welcome The Year of the Dog, if it means we have left The Decade of Dillution.
Actually, I believe that I have not read about sheep before.
From the PR, it seems they started in 2017.
I believe they used to PR these New Year shareholder letters in the old days. On this board I have previously supported the return of these letters. Better than silence
I actually don't relate it to financial processes which they claim are still live.
The loan is still on because Peter would else file a failure notice due to it being a material event.
Maybe dog-farming could be the next thing. No import competition on that branch I guess.
Happy dog decade
Year of the dog. Ok, sounds promising.
No info on how the share printing segment is expecting to develop. +50%? +100%? Or - 50%?
In the year of the dog, my dog will starve to death after all we lost in China
I predict :
* increasing inventory of fertilizer
* Rain killing immortal flowers
* Retrofit and heater lower temorarly profits
* increased capex and account receivables
* New, unclear finance deals
No, it doesn't. This tells us nothing about WHY or to WHO and what they paid. We only know they had to pay minimum $0.01 a share.
Why are they not telling us? Is it the strict F1 process? Is it a special surprice for long timers? Na, only expect the worst.
“Validly issued” means that the correct steps were taken in accordance with corporate law and the company’s corporate documents. In many states the board of directors must approve the issuance of shares. In others, a shareholder vote is needed. The company’s bylaws may add other procedural requirements, as may earlier resolutions of the board of directors.“Fully paid” means that the company has received proper “consideration” (payment) for the shares.
Is there no requirement for Extrordinary General Meeting for US companies before shares being issued outsider the DEF14? The dillution price could be $0.01 for all we know.
DOWNLOAD NOT EXPECT THIS TO BE OTHER THAN HOSTILE DILLUTION OF OUR HARD EARNED SHARES!
This is as far away from the "owners weekend out" in Germany etc, which they did years ago to build trust in order to F us from behind the next decade.
Third time you inform about 8% up. The trade of 950 shares is fabuolus, it's $50-60 value spent to get that increase.
Let's drink champagne and forget about my 91% loss
You can say a lot about our CFO, but he must be the best articulated cattle farmer I have ever come a cross.
Should be booked on the balance sheet.
This guy seemed to work for SIAF. Check his FB if you want to seem some previous tour pics.
https://m.facebook.com/johnathan.hong.98?fref=nf&rc=p
Why did they say so then?
Check PR 01.03.2017:
[bThe benefit afforded SIAF from the transition is 1) SIAF is accorded a (deemed) gain in the amount of US$53,495,649, reflected in its consolidated statement of profit and loss account for the Group as summarized
Correct. And they were not shy to book a $50-60? mill USD gain on TRW. Not based on fair value, but a Dun & Bradstreet report not even enclosed to auditor or filed. They couldn't share it because the report "was property of the banks"...
Is that fair book keeping practise?
Printing 10 mill shares since TRW dividend announcement and still no TRW shares. In 2017 suddenly the tax was an issue. What is it now?
And some claim newly printed shares goes to the TRW partners, still TRW owning SIAF $40 mill. It should be TRW paying SIAF, not SIAF giving away shares to shareholders of a company in debt to SIAF.
Oh wait, I forgot that the TRW partners seem to be the management in SIAF. Which means the management of SIAF is giving money to themselves. I don't know if this is whats happening, but Dan in his mail sweet-talked about the revolving credit not being utlized to avoid further collateral issued. Since that mail, hundreds of thousand new shares have been issued.
Remember a TRW owner is THE BUSINESS ADVOCATE.
Yes. It's something I found on a hyperboy video from a Oslo trip. So I decided to share it.
And also adopt is as my profile pic.
Don't know. If they got some kind of deal, we smalltimers would be the last to know.
Well, the aka crybaby did buy at 70 or so and sell around 60,so guess he is out. Stop loss was never stupid...