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A bit more professionalism in keeping shareholders updated after all those announcements in recent months is required.
However someone should ask him who owns those 50,000,000 issued and outstanding Preferred Stock.
Agree.There can be no excuse about that.
From access to millions required he is destroying shareholder value for a few tens of thousands of dollars!
He just has to express his interest in joining the board to Solomon and perhaps Garrett.
If he needs money to go to China for the interview we can sponsor him.
Anyone understands why this company has no General & Administrative costs?
https://backend.otcmarkets.com/otcapi/company/financial-report/207128/content
If Solomon could do it and get away with it, then why not others as well.
Has it become or was it always so easy to change the Record Date of a dividend?
Even 5 months after the announcement in PHIL’s case.
https://finance.yahoo.com/news/phi-group-amends-special-stock-145625278.html
At least in this case they are asking for FINRA’s approval.
Just 2 weeks until the 90 days from the agreement by Iosoft with that metals company in North America/Canada expires.Hope we get a confirmation that everything is fine.
Otherwise the company must get used to relay both good news and bad or neutral such as discontinued ventures.
ATV is one of the very few(only?)stock in the sector that gives some hope with its performance and huge dividend earlier this year, but also shows that even non-specialists can sell fish for CASH, guaranteed and not even have to wait for months to get your money.
Solomon and Dan.The shares supposedly carry 15c dividend.Instead of paying 15c in 12 months just pay 20c now and buyback the shares.
Buyback required more than ever, especially after the TRW dividend fiasco.
You might have made Tony feel partly responsible for the big loses many shareholders have suffered here, and should do his best to see what he can do about it.
He was the one going round promoting SIAF and how great an investment in their aquaculture ventures would be.
They would be producing more fish that Vietnam or something like that wouldn't they?
Yes.If they are allowed to get away with that word, then it will create a precedent and any OTC company will start to file 8-k's that they "inadvertently issued a PR that they had a buyout offer from Amazon".
I agree that it was not and still should not be a major issue.But we need some other positive news showing that they do not require to dilute anymore and they are collecting the receivables on time and they are cash flow positive.
Is this VPS shares at Merkur news?First time I hear that about shares in Norway.
Is this 8-k an excuse why common shareholders were kept in the dark while shareholders in Norway had more information?
Seems they are fearing that they will be kicked-out of the OTC and Solomon will have some problems diluting further.
I guess he learned that you should never sell by non-secured credit cause nobody pays if they don’t have to(confirmed cases with SIAF abbatoir clients and TRW partners) - UNLESS - you can find stupid investors that are willing to take that risk.
What you expect when you promise dividends and then you go and dilute at fractions of book value?
Neutralises any benefit.Extremely amateurish decision when you don't have the cash, to promise dividends!
It is not that simple.I sold thinking that the stock was ex-dividend and have invested the money elsewhere.What happens now?The company told me you will receive TRW shares.Where are they?
Perhaps compensate anyone with proof they sold?Anyway hope they solve this as quickly as possible.And in case they start to have cash use some of it for a buyback.Required more than ever after what they have done.
There is a chance now that the company goes dark.
Can't see how they can get out of this mess easily.Some people sold thinking they were entitled to TRW shares.How do they get compensated?
Has this ever happened before in the history of any exchange?
In the end the Merkur listing has resulted in destroying the shareprice completely and now because they were in a hurry to announce the dividend there for some reason(like the dividend and buyback last year on the OTC)
they put the whole future of their operations in doubt.
At this stage I would hope that OTC suspends them too, so that at least they cannot keep diluting(even though now I would think any further dilution will be at really humiliating prices and destroy any credibility and reputation they have left).
They did not give specific value, but I think they valued their subsidiary at $25M.So it was close to 100% of their market cap at the time the 20%.
It was for 20%.After this 8-K which they filed in May, they did not file anything about the special dividend.
https://www.otcmarkets.com/filing/html?id=12788520&guid=6FbMU60an2rOp8h
Check PHIL.They confirmed just this week! that the Record Date for their special stock dividend in a subsidiary was in June!No OTC announcements at the time,no FINRA, nothing.I guess companies can do that without much fanfare.
https://finance.yahoo.com/news/phi-group-extends-payment-date-201802692.html
That agribloq website don’t know if it ever worked but now it no longer does.
I wonder what was the point of the dividend and any future ones?
And I guess not many believe the 55c crap anymore.
I still believe the way Solomon does business with non-secured credit, is
hopeless and makes the scale of his current business model worthless.
Better to sell less with cash on delivery than giving a big part of what you produce away for free.
The low price has limited I guess the opportunities of management for further dilution.
The O/S remains at 296M for a few months now.In the meantime Silex appear to be more busy than ever
https://m.facebook.com/SilexInteriorsOfficial/
Even if just one of the last two recent announcements is completed, the shareprice will go up quite a lot.
189M O/S now.Not a good development.
Let's see if they found the partner they were looking for, for using the LastMile app.
Tweeting and posting about a new line of cabinets.
Recent acquisition announcement talks going well?
https://m.facebook.com/SilexInteriorsOfficial/
Hope they are not giving away $62M for nothing.That was never the initial plan was it?
After this distribution to shareholders what will be SIAF’s share % in TRW?
Finally TRW dividend details?
I guess you didn’t see that they added about 200,000 to the O/S yesterday.
And when they start on a Monday it usually doesn’t stop there.
Just about 2,750,000 more before reaching the A/S
At least in case they DO something the benefits will be meaningful.
Got a reply from Ron: ‘RJD owns 100% of the stock of IOSoft.’
Must be a mistake.Thought that number was official.It seems they added 500,000(the last increase)twice.
That is very strange.Maybe that is why we had the big volumes in Norway the past couple of days.
But the OTC site is as it was.Explanation from company required.