Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Night's post is definitely fake, I have a good antenna for that, and his is not genuine. I wouldn't be surprised if it's Peter lol.
That's a good observation zero. The siaf stock pattern since $17 is a shot downward that does not meander, change direction, etc. It does nothing "normal". It's as though the pattern were the product of a machine. So I agree with you the fuel for this shot into nothingness is share issuance.
(But I disagree the company is any kind of intentional fraud.)
I'm not sure when I got out lol, I would guess about three years ago.
for instance early on a dividend was always part of the master plan, that disappeared soon enough. Certainly the impression projected was that the company would be run for the shareholders, which I don't think was ever part of the plan
Why is Dan so emphatic that an annual meeting does not need to be held? Why does he spend so much time on it?
Erik Ahl's departure while Peter has maybe decided it's not worth keeping up the web site is a bad sign about what is happening inside the organization.
You are the only one on this board who does not tolerate views that are different than your own. You are either short or an incredibly screwed up person.
With your extra intensity, Zero, you are an obvious short. You are working hard all the time on this board, it seems to a single purpose.
aqua,
I'm of course tempted to get back in now, but then I remember how I suffered as a shareholder lol.This is potentially an incredible value play but I prefer to wait until I have a clearer idea of what's happening.
No Zero I don't think I was suckered. So in your theory is Dan involved in the crime too? Dan is an Ohio cattle farmer and salt of the earth. There is absolutely no chance he is involved in any financial wrong-doing.
No not a shareholder anymore. I was misled too many times.
Zero,
I used to know Solomon fairly well when I was a shareholder, went to China twice, and I would be totally shocked if there is financial fraud involved here. Solomon is an optimist and an idealist, not a pickpocket. The problems here are problems in financial planning combined with an excess of ambition on Solomon's part.
Your assumption on buybacks is that S will do something he has, as far as I know, not done before.
Has he become benign, and you think he's unwilling to let shareholders suffer further, or is this just a pose? The Triway merger wouild suggest he no longer needs to control everything, or will he be calling the shots at Triway?
Swede,
So you really think S has given up imposing his vision on the world and is ready to to let things follow their natural course?
aqua--he did aquaculture in Australia
What productive resources are in Tri-Way besides the acquafarms contriuted by SIAF?
Some part of the malaise that has afflicted SIAF is the result of the commodity depression that started in 2011 which is when the descent in stock price of SIAF began. But even in 2012 SIAF had operating margins of 44% and ROE of 35%. By comparison with today those were the good old days. The commodity cycle is in process of a giant reversal--most commodity prices have moved up or are moving up now, and this will have a very positive effect on SIAF operations, but, perhaps more importantly, on investor psychology toward the company. Assuming the company can get its loan and clean itself up operationally, investors may be underestimating the power in the stock when there is a whiff of inflation in the air.
Most commodities are beginning to move upward and IMO SIAF will move with that trend.
empty there is a reason in their madness even if we can not decipher, they could have a Board meeting by telephone if they really wanted to carry thru with buybacks
ks,
Whatever S has done, he will not end up in jail, given that he is subject to the Chinese legal system. China has never done anything to protect foreign investors. I don't think it's going to happen, but S could walk away from all reporting obligations as many Chinese companies have done before.
ks,
Whatever S has done, the risks must have been very high; witness the stock price.
too much optimism is the flip side of being drawn to risk, the best example of which, of course, is the distribution of millions of shares of equity in payment for services rendered, behind which was the notion that everything will turn out fine.
Huh? I didn't say S was deliberately lying to shareholders, although there is no doubt the company has misled, failed to clarify, etc through pretty much it's whole history.
What I said was that S was a risk-taker, and that he clearly has taken inappropriate risks. He appears attracted to risk. Risk is the one thing investors generally do not want; hence she share price.
he didn't talk about dividends, he promised them
Solomon needs to go back to technical work. As smart as he is, as much as people generally like him on first engagement, he is utterly unable to lead this company.
We know S is incredibly ambitious in his goals for the company, and we also know he won't wait for due course to accomplish them. This leads to risk-taking, for example, that operations could grow faster than share inflation. Anyone who would make that bet with a stock selling for a tiny fraction of its real value is a tight-rope walker. I'm pretty confident that whatever is happening now has the same source--Solomon,l in his ambition, made a bet where the odds were not good, and again he's lost. As Redbull noted, whatever is happening is bad and, and, in my view, it reflects atrocious management.
snow I think it's not for economic gain that S is motivated but for posterity, what will be thought of his accomplishments over how many years, how will he be appreciated.
Volume disappearing on the ask moments after you have made your offer is customary now in many places including US. The brokerages know the games that are being played but refuse to interfere with this bait and switch.
What will be the evidence of Solomon performing a miracle?
Yes promising a dividend was one of the early ploys to gain investor confidence; it might have marked the beginning of the con game
they have to either post it or deny it, doing nothing is not an option
haha good one Swede
All Solomon's problems have come from giving out shares for nothing. Fact is he has no respect for shares, which is to say shareholder rights. The only thing he cares about is the facilities themselves because they will be his monument. I wouldn't be surprised if he has an understanding with the lender that allows the lender to profit in exchange for cash now. Someone pointed out earlier that the lender's deals is too good to be true. There has to be something else going on, a flaw in the contract that remains unrevealed, but which is there by design rather than mistake.
snow,
As I said Ive not been following the stock closely, so I could be wrong, but it's almost inconceivable to me that SIAF would trade at a market cap of $36 mil without there being a real, clear and present danger to the shareholders.
snow,
Nothing so far shows that they can reasonably be combined but we'll see.
The attitude to take with Siaf is 'prove it to me'.
Yes i would have been interested at $3.00 as well. But I don't own any shares yet.. I absolutely have no target for selling.
jyyoo,
I have not followed the company seriously for the last couple of years but still have a sense of what's gong on. Frankly I would not believe anything that Solomon says that's not empirically based. He has fooled investors for years about his real intentions which seem much more aimed at building a monument to himself than serving shareholder interests. Remember he was promising dividends seven years ago that never materialized.
Handlamera,
Yes it could turn any second, but that's just a hope. IMO it's better to wait until you see the turn made. l
To whomever wrote to me and said the stock is turning now, there is absolutely no firm evidence for it. You are betting on a hope and a prayer.