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right, seems like a problem yes
well, i dont follow that closely, but as I understand all assets, like you mentioned, it might now be much now, stake in Fish Farm I, rights to purchase stakes in other farms ect..have been transferred from SIAF mother company to Triway. Triway is 100% owned by SIAF. Its just a matter of transferring the asset to this sub.
If Triway was not 100% owned, then it would not be a transfer would it, then they would be selling assets from SIAF to an external party.
This is ho w I understand the situation and what will happen
Triway is a fully owned sub to SIAF today
All existing assets related to Aqua has already been transferred to Triway
Next steps:
1) The potential bank loan to Triway will be used so that Triway will
• Execute the right to purchase whatever percentage of existing fish farms
• Finance the Mega Farm development
2) IPO Triway to some market place and SIAF will keep something like 51%
3) We will all be rich and Solomon a hero again
1) 2-3 months away
2) 12 months away?
3) ? months away
Probability / Accuracy of above?
Tja, are we as foreigners allowed to own securities on china stock exchange like Shenzhen. I know in the past this was not possible, has it changed?
ECAB/Fredrik & Arctic
What about the relation ECAB – SIAF nowadays, does it not seems like something has changed since Fredrik/Solomon’s shared conf call about the divestment strategy last Sep?
- It was mentioned then that we will see more frequent status updates on the divestment process. It has now gone 6 months and no new update calls planned from team “Fredrik/Solomon”
- Fredrik is still not part of BOD, why? Legal reasons was mentioned in the call..
- Arctic Securities (Fredrik’s old Carnegie friends?) was selected to be the financial advisor in relation to Oslo listing as announced in Sep 2015. In the end it seems Swedbank is running this now instead of Arctic?
- Bertil (ECAB selected CFO) resigned and moved to a more “light” role
Are these just “ghosts” or is there some sort of conflict, or difference in opinion between ECAB and SIAF, on best way forward, if so, consequences?
Any inside on this?
too involved in financing i remember being mentioned in conf call, but too big shareholder, would that not exclude someone like NS as well then?
got the same information from HSBC HK that I use (below) , talked to them though, and was informed I can keep them there, but they will not buy any more and that service level when selling could be affected..does not feel good, I am looking into ways to transfer them..
Or Solomon could get us out from OTC..
Dear Customer
Due to increased scrutiny and attention on low priced US securities traded in the over-the-counter markets from regulators of the United States (“US”), HSBC Broking will not be offering support (including trading and custodian services) for non-exchange listed US securities effective 17 Jan 2015. Support for US securities listed on NYSE (NYSE Equities Market), NASDAQ and AMEX (NYSE Amex Equities Market) will not be effected.
We have reviewed your existing US securities holdings with us. Kindly note that the holdings below are non-exchange listed and we would like to draw your attention to make appropriate arrangements:
Name of security Stock code
SINO AGRO FOOD INC SIAF.OB
Should you wish to sell the above securities provided that they are tradable, or transfer them to another broker, please feel free to contact your account Executive on or before 16 Jan 2015
Yours faithfully
HSBC Broking Securities (Asia) Limited
hey, seems a lot more quite on here lately.., not getting
my daily dosadge of sino posts that i have become addicted to..dont like it :),
come on...please.. start a thread, i am up for anything, cow fattening,
eal density, Viking, did we really explore all themega numbers?? empty, what
about your lists..nq, financing, buyback.., sly give me hope, tf take me down please,
andrew tell us the truths in the world, stolpen..ehhhh nej forresten, fattony any new links??
rd find a new angle please, i know you have one, jericho what really happened in vegas (or
was it charlotte), come on , there must be something to scrutinize, we are up 7%, 6 days
to CC :)
or is this when its time to step back, all is said, nothing more can be added, just stay in
silence watching a take off, coudl there be a slow ignition by an announcement this week
anyway, interesting times, thanks btw for a very entertaining and educational board,
not contributing myself, sorry, but you are over my head most of times
good luck to all
FYI, link to chinese website introducing Sanjiang Yili company (although 4 months old)
http://www.qhhy.gov.cn/index.php?action-viewnews-itemid-4958
I know this has been discussed in the past, but is anyone worried about the min. price limit on FN (is it 0,65 USD but negotiable..?) now with this current PPS drop so (hopefully) close to the FN application?
Its not saying much Viking.
JF is promoting what they call "projects". Its smaller startups in areas outside JF core. Sino is one of these projects, the other ones being Casandra, Nexam and one other small swedish company in the tourism area (forgot the name).
In this statement Nisse is basically just saying: "
"The fourth project is Sino Agro Food, an ecological food/fertilizer compnay. Sino´s revenue and profit is increasing rapidly (exploding) and the company is aiming at FN listing. JF hope that the listing process will be completed soon."
Listened to the call yesterday and I was expecting a big discussion here on the “dumping” issue.
Sometimes it was a bit difficult to fully understand S but my conclusions from the answers to TF´s questions was something like this
• According to Solomons rough estimate only like 25-30% of all issued financing shares during 2012 went back to the market
• This figure for shares issued in Q1 this year would be even less
• Solomon and his team had made their own study of market activities to understand what´s behind the supply and low share price, he gave us two reasons:
1. The China stigma in the US issue…
2. Market Makers manipulating the stock
This conclusion does not go well with the overall generally agreed explanation on this board, that basically being that the supply is coming mainly from dumping, with some accompanying shorting.
could Solomon by right? Could all of this be because of MM manipulation, or is Solomon wrong??
If he is right though, I guess FN will be a big thing
Any comments on this?
Thanks
Hi, can someone remind me what was the reason for siaf to leave pink sheet for otc?
following this board, otc seems not to be highly regarded, is pink worse? or why the change?
Many Thanks
Hi, I am having a discussion with by brooker at about (below) how to handle these f-shares, anyone with similar problem?
First message from my brooker:
“Sino Agro has made a spin-off to distribute a restricted share to existing shareholder in a ratio of 1 restricted shares to every 100 existing shares. Neither our custodian nor us will custody the restricted shares. Hereby, we would like to confirm your mailing address as record to send you the certificate by post as soon as we receive that”
Question from me back:
“These stocks (type F-stock) where given to all shareholders as a dividend for 2012 and will be converted to cash in 2014. Can you explain more, you are not able to keep these F-shares on my account, so you will send me the certificate for me to manage?
I have never before received this kind of certificate and don’t really know how to manage this. Can you advice?”
Reply from brooker:
“Please kindly referring to the announcement made by the company. I have never come across to the similar case however, we shall try to refer the problem to our US agents for more details.
First of all, while we are not able to keep these F-stocks, we would send the certificate to you.
We cannot tell how it would handle the dividend by 2014 at the moment. Let me explore more details with the US team since they are out of office for Martin Luther King holiday tonight.”
Yes, and it seems they have removed all references to dairy operation as well, at least as I can see, things are happening :)
Thanks, sounds good, there must be an end to the supply one day...:) happy new year
Anyone with l2 that can see who has been doing the selling the last trading days?, financing shares?
JF?
When I am reading the public posts on JF´s "homepage" its
always like "-JF beleives that..., JF thinks this..
Again, What is JF? I know some of the members posted some answers on this before....but still.
As I understand its some kind of group with loosely coupled investors that pay some fee and get like 1000 emails per year about stuff.
But who is coming up with this stuff?? is there some kind of inner
circle that speaks in the name of JF
Who has the mandate to speak in the name of JF?
Is JF = Nisse? or if not, who else
Anyone know?