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I plan on doing registered offerings. /shrug
April 15th
Farewell guys..
Well sort of. I'm leaving behind the world of IR/PR and launching my own company. I've worked in the industry long enough now to know all the ins and outs. I know who I can trust, and who I can't. I've also worked with a variety of CEO's, from just plain terrible, to very smart. I feel I'm experienced enough now to know what works and what doesn't in the OTC.
I founded this forum in 2009 when I spotted the China small cap trend. This forum grew to one of the most active forums on Ihub. I eventually went on to provide SIAF with PR/IR, which is now the most popular China OTC and is a top 20 most active OTCBB.
Well, I now see a new trend emerging. Forbes listed it as one of the hottest must watch trends for 2013 recently. I've been following the industry since 2008. It's the vertical/urban farming industry.
I'm leaving behind the China space.. and entering the vertical farming industry.
Check us out on facebook at http://wwww.facebook.com/indoorharvest
It's an exciting new industry and I'm sure a few will scoff at it, but it truly is gaining enormous traction. I'm hoping to position my company right in the middle of it.
Good luck guys.. maybe I'll see a few of you on the flip side.
Don't take my ownership, or lack thereof, as any indication of an opinion I may hold about SIAF.
I sold my remaining shares in 2012 to fund my start-up along with all my other equities. I do not own any stocks or equities in any company at this point other than my own.
haha thanks for the plug ;P
http://www.facebook.com/indoorharvest
Farewell All..
Well, it looks as though the Company has publicly stated my departure.
Empty, I'm sure you'd love to believe I was fired, but quite the opposite actually.
I have been working on a yearly contract basis since April 15th, 2009 with the Company. I have my own start-up company that I have decided to focus on that I'm taking public later this year. It's in an industry I'm very passionate about. I decided to not extend my contract for an additional year to pursue my new passion.
It's been fun some days and it's been stressful others. I've met some great people along the way and gained a lot of experience in regulatory matters.
SIAF is moving to a new home, with a completely different shareholder base than we first started with. I'm also very grateful that our efforts in late 2009 gained the attention of the Swedes. Without them, the Company would not be where it is today. It's been exciting watching Solomon's dream come true and seeing a company grow earnings from $16M to well over $100M.
I've been helping CEO's since 2007 gain market awareness, attract capital and tell a great story. It's now time for me to pursue my own projects and dreams..
Thanks to all of the shareholders for your support and patience. Some of you have been around for over 3 years and in the OTC that's a rarity.
I wish everyone good luck and a prosperous listing on First North!
Warm Regards,
Chad Sykes
(sticky this maybe?)
haha..
Man I was a sexy guy once..
I believe all OTC companies, including SIAF, struggle finding attractive debt financing. That is why toxic funding is so pervasive in the OTC.
As for whether a buy back would help the stock price, that would be up to the market. The market is a living, breathing thing. You can't bend it to your will no matter how hard you try.
Because they are not management, they are directors, thus they belong under governance.
Reload your browser. (cache)
http://sinoagrofood.investorroom.com/board-of-directors
Trader, MM's make money by creating liquidity. I'd imagine they simply try and make a market where the liquidity is best.
Let's try and see if management can get some attractive debt financing for operations before we start worrying about trying to use debt to buy back stock.
Trader, I don't claim anything. I quit trying to "figure" it out a long time ago. There is nothing I, you nor the Company can do about it so it's not something I spend much time dwelling over.
It's like trying to debate the origins of life. Simply ask Patrick Byrne how complaining about it worked out for him.
Weeble, You'll have to wait until the periodic report for that information. Just like earnings, the O/S is an integral part of periodic reporting.
I realize why people want the information. It's that reason however that becomes a legal liability for the Company. It's also why many transfer agents have adopted a non-disclosure policy.
That information is disclosed through periodic financial reports filed with the SEC. The purpose of periodic filings is to provide the market and investors with equal, publicly accessible access to the same information.
I understand why you want the information. It might provide you insight before the actual period in question has been fully reported.
It's for that very reason that it becomes a sticky topic when considering SEC rules on public disclosure. This is the reason many transfer agents, including Broadridge, have now adopted a policy of not releasing this information publicly.
I want to stress that no effort has been made to "gag" the transfer agent. This has become a pretty common policy among transfer agents due to the legal liabilities associated with disclosing such information.
The Company would have to disclose the information in an actual public disclosure filing.
What I can do is inform management of the concern and see if they will include such information in the next public release.
I think you guys are eating yourself up with conspiracy theory.
The transfer agent doesn't direct market makers to do anything. They are simply a record keeper.
When shares are issued by the Company, the transfer agents only responsibility is recording the transaction. The owner of those shares can then request a certificate or digital transfer for deposit into their brokerage account. Transfer agents have nothing to do with market makers.
Form T's are typically just for balancing accounts. One such reason is when market makers are shorting against their own inventory. It's called "shorting the box". The market maker can then purchase shares on the bid from the open market (creating liquidity) to close the short, or use his own inventory to do so if he us unable to fill on the bid. The Form T simply records the second transaction covering the short sale when using the MM's inventory.
For this very same reason, this is why there seems to be an average of about 50% short sells when looking at Reg SHO data.
http://www.investopedia.com/terms/s/sellagainstthebox.asp#axzz2N42CAF6v
Most market makers do not hold inventory, they simply facilitate a transaction by matching orders with other market makers. Some market makers however do hold inventory and this is a strategy they can employ to increase their profits from liquidity.
There is nothing nefarious, or bad about this. It's simple market making activities. It makes for great message board conspiracy theory though.
I'm just pointing out that the word "anticipates" is also in the same sentence as "two weeks".
It doesn't mean that the letter will be released in exactly two weeks. It means that management expects it to be released in two weeks. That is different than "will be released".
Whether a few days early, or a few days late, management has met its stated goal.
Despite this, I'm sure a few people will start proclaiming a failure by management at 1 hour past the 2 week mark.
Sometimes I've noticed people selectively pick certain comments without looking at the context.
Anticipates.
Solomon is quite aware of the concerns made by some of the Company's shareholders. He has also on more than one occasion explained his position on the matter, sometimes quite frustratingly.
I think both parties have communicated their positions. I realize that the Ihub crowd as a group has disagreements, but the Ihub crowd does not make up a majority of the Company.
The CEO gets feedback from all shareholders, not just those on Ihub. Which to be honest makes up a very small minority of shareholders, but nonetheless a very vocal minority.
I have not be given any information on the number of employees at the wholesale facility.
Management has not disclosed it's CAPEX plans for 2013, therefore I am quoting the information I have on hand.
It's very common in China for workers to live in dormitories at their work location.
In fact, if you have been to China and seen the typical condition of most worker dormitories, you would find that SIAF treats its employees very well with nice clean facilities and amenities.