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Since when is the shareprice connected to Revenues and Income?
Actually it could be an opportunity to start to have more cash.
However I'm afraid it is expected as always that the Receivables will not go down.
If they start to be converted into cash, then that is the point when the shareprice will start to rise.I can already imagine however customers saying to Solomon because of the Coronavirus we cannot pay you now so he has to extend the credit terms.And the story of this business of just Profits but no Cash continuing.
The phone numbers in China are working.No answer though.Fax I no longer have to send a question and check the 0.1% chance of getting a reply.
When you call 001650-4345632 it is now forwarded to 001650-8159317 and gives you a chance to leave message(it was not available when I called).
I think this was not the case when I last tried some months ago.Probably though it belongs to new customer.
I'm pretty sure emails to info@yashenggroup.com were bouncing.
Would it mean anything if they no longer do?
Have you checked what the huge convertibles at 0.001/share mean?
I have an IB account and it wouldn’t let me sell or buy AXXA the last I checked Thursday,Friday.
Anyone else had similar problems?
Just 5 days ago Boris Tweeted that things looked good and we would rebound “because of no new shares”.
O/S increased by 10M shares in September.Not so good news.
They should have Tweeted this.Goes a long way to explain why price gains could not hold.
At a time when they were talking about O/S reduction and buybacks, how did this increase happen?
https://www.otcmarkets.com/stock/AXXA/security
What about the new 100M preferred Shares issued to David Lazar?
Something you didn’t notice or didn’t want to mention?
O/S not updated first of month this time on the OTC site.
I think they mentioned in a Tweet that there were no new shares issued but I cannot find it.
Iosoft have been going since 2006 and everyone is wondering how many customers they have, what are their revenues, are they or will they ever be profitable, and when will the parent company decide in case there is no progress despite all the efforts that enough is enough.
First they need to attract customers to Iosoft and that could start by first fixing their webpage.
https://www.iosoftinc.com/
They should easily increase their revenue of $5,000 they had in the last Q.
I think he did it a few months ago as well and the stock went from 0.012 to 0.019.
TRW has been perhaps the only hope here for years.
Get it listed somewhere in China and get a valuation much higher than it will probably deserve.
There is a difference among Chinese listed companies.
There are those that for some reason are more or less fairly priced for years and years like PME,XIN,ATV etc.
And there are those that are priced as garbage for years and years and the problem is that I cannot remember even one pleasant surprise from the latter group ever.It is almost as if SIAF or HERB would be the first ones rewarding investment and long patience in “garbage” stocks and this doesn’t sound good.
CCCL is a good case(and there are many others) of what happens when most of the profits in China are in receivables.In the end you collect nothing.
Just as Solomon gave up on 100% of the receivables at the abattoir.Let’s see if he will have better luck in the end with the rest.
Has anybody sent him an email offering to sell his shares?
What is this now anyway.Are there plans to make an offer as promised to buy the remaining shares at over a dollar as promised or not?
So two months now without dilution which is good to see.
https://www.otcmarkets.com/stock/AXXA/security
This is what happens when you have lack of focus and you try to solve problems by always having ideas about other ventures instead of facing them head on.For example instead of firing Tony because he was incompetent he decided to start a trading division.
The problem is, has there ever been a business operating by giving non-guaranteed credit, that didn’t fail?
Even giving guaranteed credit is often very risky and can lead to bankruptcy as in the case of so many banks.
So true unfortunately.Can you consider non-guaranteed credit and receivables as profit?
And as a result do you really have a business if all your sales are like that?
I would say excellent businesses have the people buying from you.Setting up shop basically with no capital and then it is up to them if they will pay you back once they close shop or stop buying from you.
And so main reason why this company is valued as worthless.
With all the money still going into TRW and nothing coming out, just receivables with all the risks involved with no cash benefits, does the % of SIAF ownership in it remain the same?
A bit confusing in their filings whether they have over 300M O/S now.
Investment in TRW about $7M.Obviously it is the same old story.This company and now TRW are all about providing product, any profit from which is in the form of receivables that will never become cash.
What does this “its default” about Yasheng Group mean?
I tried to subscribe last month but they did not answer back.First time someone in America refuses to take your money.I guess I will try again.
Anyone understands what is happening?
For example what is this ‘Weighted Average Number of Shares Outstanding’ 45,900,552 on June 2019 and profit per share basic and diluted $0.003!
Great news.No dilution in July.O/S still at 428M
Ron says they paid 4 months salaries in the quarter.He mentioned the Iosoft management team though only.
So looks overall that management fees are going up quite sharply so improvement in revenues and margins are required or management to be perhaps less greedy for now.
Yes but how does it explain the management fees going up so much?
I saw that.I will send Ron an email to see if he replies.
Management fees going up from $74,000 to $163,000 compared to last quarter!
Could it be the new guy they brought on board for Silex and he got some “transfer fees”?
As usual you look to find the notes 6(c) and you can’t.
Hadn’t they promised news on the already acquired assets over the past few months?
What’s new in that Letter?
This was expected when they did not bother to answer the 0,0,0 shares owned in the company by the main directors despite quite a few tweets today.
You seem to never worry from the way Solomon does business selling on credit.
You really believe the receivables excluding the TRW ones can all be collected sooner or later?For example if SIAF suspends operations tomorrow they will have about $100Million in cash in a few months?
If not then I wonder what is the point of "profits" going forward?
I guess you don't have Twitter if you say that these guys are too busy growing the business or that spending a few minutes explaining how they will benefit personally with the company growing so fast and so much, you believe is too much to ask.
Why then every company has to report how many shares each director owns?
Don’t know about what CEO’s you are talking about.
In this case they are like founders with shares extremely undervalued.
Yes.This is old news from previous filings but indeed they have to explain this.
Why none of the directors has a single share in the company.
Finally we have learned a few names.
Peter Sallade is behind 7 Horns Films and also apparently the VIP club.
He has been rewarded with about 1.7 million Preferred C shares.
It is not today.It was 10 days ago.