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Profitable on paper, but without cash reserves the money must come from somewhere.... which is positive Cash Flow, otherwise they would require another loan. They need to state CLEARLY where the funds are coming from?
Nothing from Nothing Leaves Nothing!
Hey there Chris, Are you ever going to make this Comatose Thang you renamed a Something???
Every Rat but the few sick and dying stragglers have long since jumped this stinkin, sinkin ship u built out of poo. So WTF are you waiting for?
Nef, you're still going down that long hard painful road of suffering :( I know, because I've been there for a very, very, long, nightmarish, exhausting, horrid time...it's just a heartbreaking, painful, living hell. I went through several years of almost non-stop self berating, beating my head, covering my face, hiding in the corner so to speak after I made such huge errors in trusting in others honesty and goodwill, documented and undocumented, they burnt me to a crisp. My personality completely changed, my haunted existence hurt my family which destroyed me even further. I then had to live it all alone, with no life whatsoever, no enjoyment, no shoulder to cry on, nobody who cared about me or had my back. I really know how it feels... no words can describe it... it was an Absolute Living Horror. Well I think I see you as a much better person than you see yourself. You have much value and all you need to do is to purge that haunting. My Dad once wrote a poem he entitled "If", my poem iwas 'What If', I think that's yours too. Throughout my many tumultuous years of entrepreneurship, I've learned to appreciate the many unique qualities ordinary people possess that made them extraordinary... most left out their valuable experiences which became evident in time once they got their foot in the door. You're now about to start fresh over as a humbled, down to earth, patient, empathetic, willing and able man which many would probably consider more valuable even with 9 years of nothingness to show. Remember you possess a cornicopia of experiences aside from your formal education. Possessing tremendous humility, one who can gauge situations where in many people just want to be treated as real people...you can empathize, sympathize love and understand better because of what you've been through... the frailties of life, self denial, victimization, commitment, honor and respect far greater than most people are willing to or can.
The only thing that makes sense is the industry this company engages in which is viable, and the remaining few legitimate investors holding long interest. Everyone has been putting up with such ridiculousness for far too long... the disappointments, delays, unfulfilled & broken promises, lost opportunities, and the nonstop stir-crazy razzmatazz has made it completely clear why so many here have lost interest, their money, and many will never again return to look at this company and it's stock as an investment no matter what they may do or say. Other than Garrett, who else has withing the last couple years stepped up to the plate with the fortitude and guts to take a hard cut and make some contact, enough to get on base? No one that I'm aware of... thus the seemingly endless slide to under a buck < $1 USD. Yet through all the mayhem I still do believe IF only 20-25% of the promised potential get's realized the stock would gets $5 to $10 USD/share (without a reverse split). IF the ridiculous defeating dilution is curtailed soon and some clarity and tinge of belief in management somehow gets attained. As of today I have about a 80% loss. That's a lot for me. I'm a older guy with some dependents and very limited income. The destiny of my investment is very important. I do pray Solomon or whomever it is that controls the destiny of the company does justice for all good people (investors included) who've staked a portion of their life on the fate of this much troubled company.
you're absolutely correct. The only way for someone to say 'catch up' is the incredibly dangerous and potentially deadly game of averaging down... a scenario on a entity with a history like this one is as precarious as it gets. However if they keep diluting shares like there's no tomorrow along with the shorting, etc. no matter how much one averages themselves down they'll likely be in a much deeper hole. I have a higher avg than that $1.50. I think that $1.50 to be the minimum it goes to (without a reverse split)... hopefully a great deal more. I would love to see $5-$10, but would accept anything over my cost basis at this time.
Thanks Nef, Its said tough times don't last for good people. Our day in the sun is a coming. It reminds me of the very the first sentence my dad told me to type which read... "Now is the time for all good men to come to the aid of their country" Unfortunately Mr. SubZero is not one of these good guys. He never laid his hand out on the table, as many here have time and again, ...and he seems to have an abundance of time to post his agenda on this MB which always demeans everything aspect of the company. I believe he showed he's willing to say just about anything which is demeaning *even by hook or crook) to achieve his objective to obliterate the stock. He and his alias' along with his posse must melt or be snuffed out asap. The Lack of his presence here on this MB in and of itself will be a tell tale sign that the stock is performing much better. Most 'invested' here are anxiously awaiting good news to begin flowing and not all the pie in the sky and empty promises we've been told for so long.... hopefully this move will last for weeks or months, maybe even a few years... Wow, that would be nice. If $100 without reverse split, I will send you 10% of my profit to help you get back onto your feet... bet no one here said that before. I mean it truly. From my mouth to G-ds ears. ... Good night Bro, Peace
That party if it were to happen for that reason (without a reverse split) would be one of, if not the best, turnarounds in the history of the entire stock market. Interestingly enough Fish Farming is a very real enterprise that has been on the rise for many years, and China is a very large consumer of it's homegrown growth. If anything such as a state interest, or large outside interests were to happen this thing would quintuple to a 10 bagger in a day or week. If there's actually such given potential as Solomon, Dan and several others say there is, and it were just 20-25% realized, the stock would be at $5. SubZero with his agenda based on a risk vs. reward scenario is on the wrong side And once this becomes realized he will start to melt and then evaporate, like he never existed in the first place. He knows the deal, he's a smart savvy short with vested interests in the total demise as his name indicates. Or he could be playing us, as he and his other alias' are totally joined at the hip... I've now given up trying to debunk his preloaded arguments/agenda. I'm totally done with him until SIAF proves itself out one way or the other. I do believe this should happen within the time frame Dutch had earlier indicated, but if it gets much further drawn out, like into mid 2019 to early 2020, it could mean it's lights out, but I don't believe it will come to that. They are now at the tipping point and they must by all means take the bull by the horns and produce some positive tangible actions/results for the company and it's shareholders, or else.
SubZero.... only a fool would sell now. Have you educated yourself on the fundamentals of this company? Statistics are what they are, presented inaccurately is and always has been your stance. If Garrett saw this as a fraud, do you honestly believe he would put his own money into this venture? He's a decades experienced banker and investor. He generally lends to credit worthy clients or his bank would have gone under. By now most here have your number but no matter you pursue your given agenda in the face of 35 cents downside vs. $1.50-4.00 upside. They say you can't fix stupid, but you're not that, you are on a mission to destroy the company... in the end you might succeed but first this will move to over $1.50 and that is without a reverse split. Poo poo for you SubZero.
Have you ever heard of a story of make-believe coming full-circle, as not being realistic, to indistinguishably realistic, and back again into fabled lalaland? Well if this were eventually proven to be what you claim it to be... as in Fabrication DeMaximus.. Could it not make us LONG Side investors RICH during the process, such as into the NEXT BIG Push to that peak, and again as the latter processes play themselves out? IMHO we are about to see a big push higher soon, very soon. And in that push they will show and tell what they're about to do to achieve some semblance of normalcy, and possible Grandeur. Bears make $, Bulls make $, but Pigs get Slaughtered. IMHO your Bear days are numbered. But if you achieve your goal of using your Book of Scare/Fear to get the 'marginal investor' to take themselves OUT before as you yell the proverbial 'roof caves-in', you will also win..... but should you hold on your short too long you maybe a down and out loser too. As in the bad times won't last much longer, but tough honest people certainly do. Unfortunately Buddy it maybe T-ZERO 'n-Out for you soon.
Any clue as to WHEN we might hear something meaningful?
and when might we find this out????
I understand your point, it's valid. However the mess besides the organization itself is with the lack of liquidity. If that aspect gets straightened out everything changes. I would think a buyout would be a greed ridden exercise, otherwise the control party may look to drive common shareholders out by bankruptcy, going dark, or using another underhanded manipulative technique to further beat on the common shareholders in ultimate submission, as if we haven't yet suffered enough.... please spare me.
Oh well just another 6 BILLION Newly Issued Shares for a measly $300k. When Adjusted for the 1:250 R/s it goes down to ONLY 24 Million ADDITIONAL NEW SHARES.
As Quoted from the filing:
"The shares of common stock being registered in this registration statement are the shares of common stock issuable upon conversion of the Notes issued pursuant to the Purchase Agreement. The combined face value of the Notes following the all three tranches will be $300,000."
"The Notes are immediately exercisable and bear interest at a rate of 8%. No payments of interest or principal are due until the Maturity Date. The Maturity Date is the last day of the month that is three months after the date of issuance: May 31, 2018 for the Notes issued in the first tranche. The Selling Shareholders may convert the Notes at their option at any time into shares of our common stock. The conversion price is equal to 60% of the lowest traded price of our common stock in the fifteen (15) trading days prior to the conversion date but shall not be lower than $0.00005."
I Hate to just SPECULATE... But if this company is Real and 25% honest, then a Buyout Offer should be forthcoming Sometime SOON. I hope I can hold on long enough as my life line isn't too long after being destroyed by this for so long. Yet I wouldn't be surprise if the offer were $1.00/ share. With some feedback and slight resistance it could get to the $1.50 to $2.50 level. That's about all I can see coming but that's still a gain of 300% to 800% from where it closed today. Not too bad for the recents, but not so great for the old time holders. So where it comes from I do not know but if it were to happen it is far and away better than where we are today with such uncertainty and liquidity issues.... so I would accept even at a slight loss as it's a lot better than nothing at all.
Your narrow rationality and view of the company along with your theories can (and will) all be easily thrown out as the tide turns. You have it in for this company, the guys running it, and the shareholders who are contemplating their destiny. What joy do you get berating, tearing down. and ultimately trying to destroy others? Yes, the business seems to be a wild card given all the missteps and red flags over such time... but maybe there is a backbone of substance and truth which you constantly discount are an aberration. Garrett and many others believe there is real substance backing this very mismanaged company and that they can pull their act together to realize something positive for their long suffering shareholders. Your a Negative Nancy and nothing will change that... If and when this does move sustainably up you will quietly hit the exits. And everyone will breath a sigh of relief.
NEf, since both you and I began communication I found you to be a good guy... your briefing on your dog just confirmed that. You have a good soul and spirit and your life hasn't passed you by. I wish I were your age. I've had a most difficult and frustrating life. A few ups but too many terrible downs. Yet through through it all I somehow find a source to muster enough energy and focus to take on another day. Life sure isn't easy but it sure does look that way for some (the lucky ones). Is life just a roll of the dice? If so, they seem loaded too often. Keep on keeping on Bro, Good times are a coming, so hold your head up and keep your spirit high as you never know what's around that next corner. God bless you, over and out.
not only the Chinese, many juiced up high flying FANGS too took a beating. Wish I had just one of them, even with today many are up over 500% over the past 5 years. Unfortunately I have none of them but I still took a swift hit across the board... Not good.
very good point... now if only they could collect some (or most) we'd all breathe a great sigh of relief and the price of the stock would BEGIN to LIFT-OFF before SKYROCKETING!
And Big Bear ZeroHedge (he even Hijacked his screename) WOULD Drop and go to his Beloved Namesake 0, Zilch, Nada... and disappear, as in Pooof he's gone FOREVER.... One can only hope this comes about sooner rather than later, or heaven forbid, not at all.
You Could be Wrong... Yes the PRIOR and Current Trajectory is exactly what it looks like.. BUT, and it's a BIG But.... Things could turn the OTHER DIRECTION on a Dime.... and SKYROCKET!!!!!!!! You're a Shorter and a BIG NEGITIVE MOUTHPIECE HATER.... U NEVA Have Anything Positive to say... It's about time you take a LONG BREAK. One day you will have to meet your maker, same with myself and Solomon too. Do you really want to be living in Hell Forever????
I thought relatively recently you said you were out of this, didn't you? ... if so, why now such a change?
Tesla either will get bought-out, or flat-out Fail. There's no way they can compete against entrenched, established manufacturers head to head without massive investments which will put them in even greater peril of major default. Sure their car is nice, however the other luxury manufacturers vehicles will be as nice, or get this... MUCH NICER! IMO you better believe it or else you'll be beaten, eaten, and def-eaten.
True, Truer & Truest (if that's even a word). Just so sick and tired of getting screwed. There are decent people here, Not everyone is a Whore or Whore Monger. Just treat us fairly... with openness, honesty, decency and respect. Solomon, Dan, and the others... Is that really so hard to do?
true, very true... one must have absolutely no conscience whatsoever in order to do that. It sure is not me. I once owned a few shares of a listed Co. called Walter Investment soley due to it's mispriced valuation/ intrinsic value' and the near term potential unlock built into it. It seemed someone by the name of Perelman Vadim Director, 10% Owner
Baker Street Capital GP, LLC 10% Owner
Baker Street Capital L.P. 10% Owner
Baskerville SPV, L.P. 10% Owner
Baker Street Capital Management, LLC 10% Owner
X X 8,806,082
Invested "Everything", and I mean Everything into it. It was a near total bust... I think he lost 99.9% or something like $250 million. I got burnt for $15,350. that was more than enough for me to lose.
I now do not follow anyone into anything unless I have enough believable info. and a strong gut feeling. Well its still a coin-toss outside of the supposedly reliable big CAPS and FANG... none of which I can afford to own. OTC Co.s have burnt more people exponentially than all three big boards combined by I guess at least a factor of 100. I surely hope SIAF comes through, or else I could be like you, out on the streets living hand to mouth at 60.
I know no one personally who has seen the facilities nor interacted on behalf of my interests. All I have is to access what they post, say and supposedly do, along with the financial markets interpretation of it, and last but not least the messages, blogs posts and other hearsay voices both real & phony, here, there and everywhere with just a grain of salt.
Dutch,
Wow, would u really think to do that??/ Well I guess it all reall depends on how much you VALUE Your Friends and Family? I for one, with a very small family base wouldn't ever think of mentioning something like this to them.. unless I was either either stoned/drunk, or insane. Such an incredible high chance of being totally wiped out due to such long-term ineptness, manipulation and possible high up corruption. I have a monsterous 76.88% loss after averaging down a few times... so therefore I'm now "SPUNT" out, lol. Honestly I have questioned myself time and again as to is this a real Co., a hoax, mirage, or a charade? As the chaos and controversy surrounding this company never ever seems to subside or abate??
Nef,
You're still young. The best is yet to come. Keep the faith buddy.
So you're claiming they own nothing and have no real business. How can you be so sure ? If you can PROVE it beyond a reasonable doubt I'd immediately liquidate my position. Go ahead and prove your claims already (it's now beyond annoying to hear such loose details on both sides). And what If the company were to produce such adequate documentation along with the physical evidence showing legitimacy? I know you'd still believe it to be forged, and/or just a temporary setup cover-up of the truth. So Big Zero, it's in your ballpark now to PROVE the physical assets actually belong to other parties, and that no REAL business is actually going on. As you're probably well aware of several Chinese fraud companies had deep investigations which included camera's outside/inside properties, counting the vehicles and people in order to ascertain the true level of activity. Instead of just taking the WORD of your 'trusted sources', wouldn't it be prudent to gather enough DEFINITIVE EVIDENCE to prove your case before spouting off such negitive claims as you do multiple times daily?
So you are claiming they own nothing and have no real business. How can you be so sure ? If you can PROVE it beyond a reasonable doubt I'd immediately liquidate my position. Go ahead and prove your claims already (it's now beyond annoying to hear such loose details on both sides). And what If the company were to produce such adequate documentation along with the physical evidence showing legitimacy? I know you'd still believe it to be forged, and/or just a temporary setup cover-up of the truth. So Zero, it's in your ballpark now to PROVE these physical assets actually belong to other parties, and that no REAL business is going on. As you're probably well aware several Chinese fraud companies had deep investigations going on which included camera's outside/inside properties counting trucks/vehicles and people in order to ascertain the true level of activity. Instead of just taking the WORD of your trusted sources, wouldn't it be prudent to gather sufficient the definitive evidence to prove your case before spouting off such claims as you do multiple times daily?
Zero, I know it's difficult for you, but if by chance you could 'HONESTLY' answer an unrelated question about another alleged Chinese fraud company... What were your thoughts BEFORE the Buyout of 'Harbin Electric'... was it a total fraud, a partial fraud, or legit? And were Sino Agro Food to be fraud, why can't it get a takeout offer, or what they're discussing doing to bring tangible returns to us investors?
The case of 'Harbin Electric' for those who may remember, and a good read for those who haven't heard.
Here's Something to Consider... SIAF maybe very similar to this one.
https://seekingalpha.com/article/298406-unmasking-the-harbin-electric-buyout-drama
yes, I agree.
yes, hopefully this won't be like the past. We need a good ship and some steadiness to ride out any storm... we just made it thru a CAT-4 Hurricane... hopefully some good smooth sailing for awhile.
Dutch, you definitely deserve the credit. Kudos to you and to everyone whose endured such misery.
Well put. Those who value money over EVERYTHING else are some of the sickest puppies. When someone pours their heart and soul into a worthy and achievable project, setting goals and achieving them on time and budget are often very difficult, but once one is well entrenched in the makings, it's extremely difficult going back. My concerns are allegations of mismanagement, honesty and integrity which more than a few here constantly claim are lacking. Let just see what they come up with May 29th, HOPEFULLY this day may permanently change the course of events in a Most POSITIVE WAY.
I do not care about either one of your individual personalities/disorders and unsubstantiated claims. However you have not responded to my reply to your post requesting as to WHAT NEWSPAPERS Published this info., and WHEN was it Published???
Right on. I think Handlamera could possibly be Solomon, or Solomon's Auntie, or someone who's either a shill, a degenerate liar, or else a dazed-n-confused happy-go-lucky dreamer? Another thing that's on my mind is what the heck is Garrett D'Alessandro (The head honcho of a large US based Bank) is seeing in this, and why has he put forth his own personal capital in such a capacity (that is IF it's his personal capital)? Garrett actually seems from what I've read so far to be a decent upstanding 'investor' who truly believes in Solomon's mindset and mission, and he (Garrett) claims he won't seek to hurt us existing equity holders with the potentially toxic $4M convertible overhang. I personally don't know Garrett, but I would like to know if someone here has taken the time to call him (phone # to bank is posted on the banks website) directly? Also everyone here seems to have taken for granted that GRDTRI is actually Garrett himself, or is it a shill who has pulled the wool over everyone's eyes (once again)?
I haven't been following NWBO for quite awhile. Holding a few shares from way back when. Do you know what, and when (approx), the next major readout or other catalyst is to be released?