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RD, does SIAF really have a Board, more like useless puppets for Solomon. Hell the lawsuit is spot on that these guys have mismanaged the company and breached their fiduciary responsibilities. Totally useless management.
Which begs the question, Why keep Tony on they payroll at this point. They obviously are not going to get a significant loan. What is Tony's role, looking at empty tanks?
The big question I gather is where the stock price will be when they announce the harvest and when they have lined up customers. Is this already built into the valuation or not. By the numbers yes. But one never knows what a momentum stock might do.
Unfortunately no one is going to breakeven unless TRW gets a large loan and who is going to give Solly a large loan. His reputation is a disaster. I'll toast him the day he steps aside and brings in a credible management team to get us out of this mess.
nope, I was hoping for a bounce, can't even get that.
No hint on substantial loan for TRW. As I suspected we can conclude this is another failed activity by Solomon as will be the Indian business mentioned. Why he even floats these carrots out there is pure lunacy.
I agree Mr. Fister but it seems as of yet earning seem to matter little. The company seems to have been left for dead. Hopefully someone picks up the story.
We simply have become a trading company.
Book Value per share now $12.63, hell I'd take that, who wouldn't.
Solly was in the movie. He was driving a Toyota Tercel. Unfortunately he still hasn't made it to the finish line.
Well there's a shocker... say something nice Solly so I can be done with you.
RD be careful for that lump of coal in your stocking :)
The filing is due today.
Really RD? So much is has been destroyed by this clown that I don't expect anything but more promises and BS. Looking for opportunities to get out frankly.
Yes great corporate governance all around, paying folks who really don't do anything. Quite the gig... and we foot the bill.
For once I agree with you Zero.
Respect for Peter, my God, the guy has been stealing money for years. What does a PR guy do for a company that says it is going to be transparent but is anything but. I can't imagine what Peter does day to day.
Mr. Fister you said the magic words, "not that it matters"
Because earnings do not matter. The only thing that matters at this point is getting Solomon the hell out of the company or an outright sale of the company
Amen RD, he is such a narcissist that he rather see his company go down the toilet rather than turn it over to a professional team that could possibly save it. I hate myself for saying this but I hope he increases his smoking.
Jack,
Yes and it has been for some 10 years.
Well I doubt they would be ramping up, buying new tanks, having Trane verifying their technology, etc. if they were not comfortable. I believe they have targeted early 2020 for the first scaled production. We should soon know. It sure beats this clown from SIAF who has delivered nothing but pain over the years I have owned it. Plus I have limited my exposure.
Natural Shrimp has the technology. Why the hell doesn't Solomon just test it, what the hell does he have to lose besides the 99% of market value he already has lost.
https://www.perishablenews.com/seafood/naturalshrimp-study-of-its-cost-effective-sustainable-method-to-grow-shrimp/?fbclid=IwAR3WEBOC_y8I2O9YGdf6ZK35rP4OUtjyx1Z4sReXUFXQ9Nh_CvG8w56HCZo
Yes RD, I am afraid Garrett got duped like the rest of us. One expensive lesson. I'm not sure why I am holding some at this point, I guess it is stupid pride at this point. Need to move on..
I suppose trying to get his money back.
Solomon, Tony... do yourself a favor and JV with the technology of Natural Shrimp. Get the damn Mega Farm rolling and admit your technology is too expensive, just get going...
http://naturalshrimp.com/wp-content/uploads/Trane-Biosecurity-Benefits-of-EC.pdf?fbclid=IwAR3if_OkHOHUN-b1LkA9Ww8BsdMiy755YNw-5O699yDYtJk3l36aJbWTq-k
Yeah and no New Year greetings for the last two years from Solly. That hurts.
or he can take on a JV Partner, one that hopefully that could provide needed funds and take over active management of the Company and give Solomon a gold watch and some obscure role.
Funny I was listening to a promo from the Motley Fool organization yesterday. I subscribe to some of their cheaper services. They also sell some more expensive services which recommend stocks. They are starting one call Global Stocks or something like that for $2000, too rich for my taste.
Anyway they were teasing some of the stocks in the fund one which was Bakkafrost from the Faroe Islands. Bakkafrost is a salmon producers and the Faroe Islands they say is especially well suited to grow salmon because of the protection of the natural fiords and clean water. They gave an example of the exploding middle class in China and the need for better and clean protein foods. I had to laugh. They should just buy Solly out and end our misery.
What really would get this going is saying they have rented warehouse space in downtown Manhattan. I believe sparks would fly.
Solomon, Tony -
Stop pissing money away on your technology. It appears someone has a better mouth trap. Here is my advice to you. Reach out to them see if together you can both capture markets quicker with superior technology. This endless wait has got to end. I believe they would be open to discussions.
https://www.intrafish.com/aquaculture/1852006/us-land-based-barramundi-farmer-partners-with-shrimp-farmer-on-tech-deal
.27, has to be a bad trade.
They can't release the details because they probably need a thousand of these type of deals to validate the market value. That's what Copper Bottom Peter won't say. At any rate soon or later they have to report financials and we will know.
Point well taken TKane, I would also advise putting Copper Bottom Pete on Ignore on all his social media. It leads to false confidence. Only proven actual achievements should be considered, not shrimp recipes or tanks being received. I have a position but I added low and I'm not adding until I see is this is legit.
The problem is you have Copper Bottom Pete who obviously doesn't understand stock valuation or doesn't care pumping the stock like crazy. You already have a $60 million market value with no sales. Now could we grow into the valuation, certainly but it doesn't help when you have a chef and a salesman as your PR department, certainly makes you step back and be careful. I would say take everything Copper Bottom pumps with a gran of salt.
Huge wishful thinking Mr. Fister, how long has Solly been at this. He obviously can't get it done. I would love to see him bring on a JV partner to fund some of the business, pare back his voting shares and eventually get the hell out.
RD, I wish you sensors could have told us to get out when the stock was $17 bucks :)
Something happen to Solly. Guess stock would take off not down
Must have been mis priced trade the one down to 10 cents
Yikes what just happened!!
That's my point Too Frank, He is a self appointed PR Dept. for the Company pumping the stock on various social media platforms, Facebook, LinkedIn and possibly others. If he is going to push others into the stock he should have the integrity to show his positions. Who knows what this guy is doing behind the scenes. He is not a Company officer or Director and it appears reporting requirements don't apply to him. When someone pumps as much as he does it just strikes me in the wrong way - just saying.