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Anyone that can read knows that all shareholders registered on October 31 are eligible for the distribution.
If you can not read.......hmmmm then you can not read this either!
How come some people do not understand even the most simple things?
And......it all comes down to that if you have SIAF shares officially on your account October 31 you qualify.
Nothing else.
Always, in all cases, you have to buy your shares 2 days before they are officially yours.
Do you want to challenge that?
They wrote that owners of SIAF shares on October 31 is eligible for the distribution.
Do you want to challenge that?
So if you sell after that nothing implies that you will not have any rights to the distribution.
Neither does it say, or imply, that you can buy shares after that and still get part of the distribution.
TRW as a not listed company will do as they please.
I might be wrong, but I only keep to the known facts.
I can not decide about ex-date.......
The only thing we know is that SIAF will give TRW information about who owns shares as of October 31.
Some rules apply to this. You have to buy 2 days prior in order to have the shares in your account.
With this information TRW will, or maybe the owners of TRW is more correct, will distribute the shares.
Only if SIAF have credited the 60musd of course!
I do not think that Finra, SEC or any other organization can intervene in this procedure.
But.......I am not an expert in this, I only make conclusions of the information we have!
I have not consulted any dictionary, nor the Bible!
I do not know what you read.
SIAF have communicated that all shares booked in accounts on October 31 are eligible for the distribution.
We have nothing else.
Who have told you anything different?
And why do you not think that the communication from the company is right?
You believe in dictionaries?
This is not a dividend, nor a distribution from SIAF!
My god!
Not in general, but in this case he is wrong I think.
SIAF is not doing anything.
FINRA have nothing to do with this.
Thats why we are “eligible” for the distribution. If SIAF do not credit the 60musd to TRW, we will not get the TRW shares.
This is a deal between SIAF and TRW.
A loss for SIAF, a profit for TRW of 60 musd. With all its consequences. In the P/L.
We, as shareholders in SIAF, as of yesterday, will get shares in TRW as a compensation.
I am happy with this as every dollar in profit for TRW gives a 10-20 times valuation for the company.
60musd times 15 is 900 musd!
?
All shares are ex rights.
Nothing else is communicated or believable.
33c ex right to distribution is ok.
Let’s see what happens when they let go of the 5c cash dividend dates.
Maybe we can have 780 posts about the different dates?
Where is your lawsuit!
It will be new shares in your account! In the same way as always when you buy in the market.
Shares that probably will not qualify for the distribution.
So in all respect the smart thing was to buy a few weeks ago.
To buy now is a lottery concerning the distribution.
I do think that buying still is a good idea though!
Clarification
If, I say if, OTC shares still qualify for the distribution, you do not get double distribution!
If you buy shares now on OTC it is new shares you buy and they might, very unlikely, qualify.
So buying today for 38c is a lottery and of course more expensive than it was buying the same shares for 25-30c a few weeks ago.
Ok, so you say that TRW give away shares that they have in treasury.
I did not know they had any.
Maybe your idea is that the owners of TRW, except, SIAF, give away shares to SIAF shareholders?
How can that be a loss for TRW?
?
SIAF will not give away shares, why should they pay for a loss?
The partners will have a company with a profit of 60musd!
With 60 musd more liquidity.
The profit for TRW will be reflected in the valuation. P/E!
If HK value TRW 15 times earnings the profit of 60 musd will increase the value with 900 musd!
Please explain the loss you think TRW will have from issuing shares please.
Yes.
Owners of SIAF-shares booked in your account today qualify.
Shares bought yesterday or later will not qualify.
I guess the list of shareholders are done tonight.
I am talking about results for the companies.
In the P/L.
Earnings.
Why do you think this “super informed” buyers buy now for 38c instead of last month for 25c?
You suggest that the distribution is worth 7c per share?
P/E and valuations of SIAF and TRW.
After this distribution of TRW-shares TRW will have positive impact on results of 63 musd. Take that in your P/E calculations. Will be nice when listing in Hong Kong turns up!
SIAF will of course have to book a loss for the same amount. As the SIAF share trade at P/E like 0 it doesn’t matter that much.
Whats your thoughts about this?
The company told us.
If you have SIAF shares on your account on October 31 you will get shares in TRW.....
That is tomorrow.......or today if you are in Europe.
SIAF and TRW make a deal.
TRW will distribute shares to us.
Nothing else.
Thats what I think.
SIAF told us. Owners of SIAF shares on October 31 will get TRW shares.
TRW will distribute the shares.
I cant see why you are arguing about all this with rules and regulations. TRW is not listed anywhere.
Jyyoo
Correct.
Last day to buy was yesterday, Monday, to qualify.
All shareholders that have SIAF shares booked and registered tomorrow will get TRW-shares in this distribution.
SIAF have “nothing” to do with this. They will deliver the information about shareholders only.
TRW will distribute the shares, not SIAF!
Why should you assume that?
The info we have from the company is that you can not buy today and qualify!
You must have your shares in your account tomorrow. In order to have that you had to buy latest yesterday.
In a normal situation you should be able to sell today and still get your TRW-shares, but......
With this company I would not sell before I have some confirmation of the TRW-shares.
SIAF is still, as you write, probably a good buy also without the TRW distribution!
Solomon must build confidence. As it is now the market doesn’t believe in anything he says.
Please stop this discussion.
Neither of you know for sure.
Lots of speculations here now!
SIAF will not give away shares in this distribution.
It is TRW that pay shareholders in SIAF, in shares, as TRW gets a deduction of their payables to SIAF.
Nothing else.
To get the distribution you must have shares booked on your account on Wednesday, October 31.
You can buy shares tomorrow, but probably not on Tuesday.
In a normal situation you should be able to sell on Thursday, but I recommend keeping your shares until you get some kind of statement fromTRW/SIAF or Broadridge of your part of the distribution.
I can’t understand why you keep arguing about this.
SIAF will keep their shares in TRW.
It is TRW that give us 18,3% because they do get a credit of 60musd from SIAF.
In next step, SIAF can do something with their shares in TRW.
But not now!
I can’t see why SIAF shoud give away any TRW shares at this time.
It is not logical.
Why should SIAF give away anything when the whole deal is to write off 60 musd from A/R?
I recommend everyone to check accounts on Tuesday and write down the amount of shares you have.
Every share can be worth a lot when TRW will be listed in HongKong.
Lots of things coming, that’s for sure!
We need hard evidence as confidence is so low.
All up to Solomon and management.
By the book. You have learnt your lesson!
It’s not about logic. It is only how it is.
Once I have sold I will know the result.
PS. Ask the tax authority if you can book a loss on shares you have not sold.
Solomon kept diluting.
The loan I guess will materialize soon.
Thats what happened.
Still the best share to buy if you want to have a good return.
Still laughing. Thank you.
If you keep your shares for a few days you will get TRW shares.
If you sell you get no shares.
Future shareprice we know nothing about.
Valueinvestor
I guess all agree to that a P/E of 10-12 is on the low side.
What is your guess for a growing company on the HK exchange?
Everyone is upset about the dilution!
How can you have missed that!
I have a chance to get shares in TRW “for free”.
I can not see a single reason to say no to that, can you?
You are a genius!
How did you figure this out?
Impressive!
I did not think they had that much.
Or he, that is.
Let’s see coming week what Solomon will communicate.
Lack of confidence. That’s why we still are at this level.
Eventually we will see some information that will turn this around.
I want to be owner of a shitload of shares at that time.