in the most remote place on the planet
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Regardless of George Yap's shortcomings, he actually worked diligently on behalf of SIAF. Solomon is solely responsible for all the decisions and actions of the Company. It's easy for outsiders to criticize Yap, but "the buck stops" at Solomon Lee.
When I saw this, I also assumed it was a weak translation, and that the caption on the slide meant that a doctor from SIAF's supplier of broodstock, CP, was visiting and inspecting SIAF's facilities, methods, and technologies.
Thank you, DougS!
This has been discussed several times in the past, so you could search previous years for "level 2."
I am able to view Level 2 via the TD Ameritrade app on my phone.
SIAF updates “COSO” progress: Tri-way Industries, Ltd. earns a strong credit rating from Dun and Bradstreet. http://sinoagrofood.investorroom.com/Tri-way_5A1
Well said!
Good luck to all of us!
Perhaps Joe spoke with Steve, who didn't work on the SIAF account?
http://www.madsencpa.com/about-us.htm
Of course, it's time to move on.
As you know, we can't do that. only joenatural can remove his sticky.
But somebody can write a new post, with the first line saying something like
REBUTTAL and FACTS regarding joenatural's sticky, and then include the links or information that challenges his claims.
You're right, Chad's explanation is clear and sufficient. Perhaps a moderator can make your post a sticky (or a similar post that replies to joenatural's sticky with that link. Maybe even links to Chad's and my posts).
Madsen told me (and others who called him, IIRC) that he never spoke to joenatural, or anyone else about the audits. My post relays the content of that telephone conversation.
Thank you for causing me to look this up. Yes, it was Ted Madsen. I spoke to him at length, then called him at a later time to ask permission to post what I wrote here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94969033
I think this information bears repeating.
You are correct. Should not have relied on my memory. I will look up the old info before posting again.
I think the members of this board know who is the liar, joenatural.
He said, she said.
It isn't a lie. It is the same TRUTH that I posted on this board 4 or 5 years ago after you made your claims.
I spoke to Madden twice to be certain.
It turns out -- and I verified it twice, by calling Madden himself -- that joenatural spoke to a different person with the same name as SIAF's former auditor.
joenatural never spoke to SIAF's former auditor -- he spoke to a different person with a similar name.
Thank you! That is good to know.
Thanks for your kind words, snow.
I have no idea how Tri-way will be controlled. I do know that we have experience learning that things turn out differently than they are originally presented. One way to learn more would be to know if the HK exchange restricts such ownership classes/structure. Does anybody know? The Swede has been keeping up with HK a bit; perhaps he already thought about this and knows the answer?
andrewflying,
All of the IR in the world won't matter if Solomon fails to execute his business plan. He is focused on that, and although there are many challenges, delays, and obstacles, he manages to achieve his goals.
That's what's important. The COSO stuff is tedious, time-consuming, and not-for-public knowledge. Solomon is working diligently. I believe it will happen.
Watching the share price, however, is excruciating.
Thanks, RD.
Your contributions to this board are always valuable to read, even your past "Solomon the Savage" posts.
Now, let's see them execute!
I too hope to celebrate together at the $100 party. Oh hell, I'll celebrate at the $17 party when the share price makes it back to the previous high.
Of course, I am sick about the share price. I am angry that Solomon ever took on the Megafarm project. With the previous business model, we'd all have cashed out by now -- very happily.
I am upset because I recommended the stock to many friends, colleagues, and family. If the company doesn't succeed, I will feel responsible for their losses as well, even if they don't hold me accountable.
I too, added shares over the past year. I have never sold one share of SIAF. I know how stupid that makes me. Because of my inside perspective, I've taken the time to learn about China. Of course, I don't think I have any deep insight, but I have a deeper appreciation for Solomon's challenges.
What I would like to see here, on iHub, is loyal shareholders working together in common interest. Let's figure out who the bad actors are -- the people who are shorting or whatever other tricks are happening. Let's brainstorm on ways that we can actually convince Solomon to change some of his priorities. It has not happened, despite so many different efforts. Even Fredrick Danielsson, who is very influential with Solomon, has not been able to get approval to do proper IR and PR.
My lifetime motto has been "a problem well defined is a problem half solved."
Complaining repetitively does not add value, it does not help "define the problem." Contributions that add perspective and knowledge about SIAF might help. Let's all work together in our common interest, despite the fact that only Solomon has the power. Somebody who thinks proactively instead of just complaining might come up with an idea that will appeal to and enlighten Solomon.
Perhaps I am naive. But nothing else that has been tried so far has worked.
Yes, I have a relationship with IR. But I am not IR. My opinions do not reflect those of IR -- NOT ONE BIT.
In fact, when Bertil Tiusanen was with the company, he tried to prohibit me from posting because my views DO NOT REPRESENT THOSE OF SIAF.
I have NEVER signed anything on iHub with Peter Grossman's name, nor have I ever claimed to represent the company. That is an absolute and UTTER lie.
I have visited SIAF in China as an independent shareholder several times since 2011. I own, independently of Peter Grossman, more shares than emptyone. I have an independent shareholder relationship with quite a few SIAF employees or representatives.
I do not speak for IR. I speak with knowledge of SEC regulations.
On the other hand, I have invested the time and energy and money to learn deeply about SIAF, and in particular about doing business in China.
I know that in your estimation, you would outperform anybody else as a CFO for SIAF, as a member of SIAF's board, as well as being responsible for IR. Perhaps you should apply to the company yourself and solve the problems.
Actually, it would benefit you greatly to learn something about doing business in China, and the way that Chinese business managers operate. Try reading this book, Mr. China, to start. Some informed commentary from you would be so very welcome.
Your complaints are truly tiresome. You need to learn about the way that business is done in China, and adjust your expectations.
You know as well as anyone who has owned the stock for years that IR and other PR consultants can only do their jobs if Solomon approves.
I made a suggestion, thinking that shareholder requests might influence Solomon.
Your lectures about what IR is supposed to do are repetitive, boring, wildly uninformed, and don't add any value. Perhaps if shareholders communicate directly with Solomon, he might be persuaded. He doesn't take advice from IR or PR or related consultants.
That's valid.
But you said "put a spin." Your posts are more credible when you speak with precision.
I would suggest that you send Solomon an email asking if he would please approve such investor communications.
You may have forgotten that investor relations is prohibited by the SEC from putting a positive spin on the stock. That would be considered promoting or even pumping.
I called the transfer agent.
Individual shareholders may be grouped under the broker that holds their certificates. So, all of the individual OTC shareholders that use Merrill Lynch may be shown as one: Merrill Lynch.
It's here:
https://tv.streamfabriken.com/sino-agro-food-q1-2017
There's also a good set of links here:
http://sinoagrofood.investorroom.com/financial_statements
There's an updated version of the Aquaculture FAQ available from SIAF:
http://sinoagrofood.investorroom.com/download/Tri-way_Carve-out_FAQ_v2.pdf
Tri-way Industries is well positioned to gain significant market share in Chinese aquaculture.
Since this board's intro contains good information about China's aquatic markets, it may be interesting to discuss what we see as Tri-way's critical success factors, risk factors, etc. in China's markets.
Also, here's a good article about the changing world of seafood:
https://worldpositive.com/your-relationship-with-seafood-is-about-to-change-86383e7ff82d
Thanks. The link is temporary, so here's the "permanent" link, at its "official" location:
https://wonderland.videosync.fi/sino-agro-food-q4-report-2016
Hello strangers,
It seems there is a technical difficulty, with different versions on yahoo and cision. The version that's on SIAF's site seems complete: http://sinoagrofood.investorroom.com/FY2016_results
I wrote to them a few weeks ago and asked. Here's the answer:
Passantino, Frank <fpassantino@burnhamasset.com>
May 18
to me
Our web-site has changed and can now be found at www.burnhamasset.com
Regards,
burnham logo new
Frank A. Passantino
First Vice President
Burnham Investors Trust
Burnham Asset Management Corp.
40 West 57th Street, 28th Floor
New York, NY 10019
Tel: (212) 603-7522
Fax: (212) 315-0780
e-mail: fpassantino@burnhamasset.com
Hi Joe,
I've been waiting for your update, including all details. Any news?
iHub doesn't post OTCBB press releases unless the source pays an extra fee to iHub's distribution service. This means iHub no longer publishes news and press releases issued via PR Newswire and perhaps other large media distribution services.
Hello snow,
I think he's referring to the IntraFish conference:
http://www.intrafish.no/events/
Tony Ostrowski will present again on May 19 in NYC.
Nice work, RealDutch. Thanks!
I believe that this is the website for SIAF's Wholesale Center 1 (probably also includes WC2) in Guangzhou, Mr. Fister. The name in English is "Guangzhou City A Power Nawei Trading Company, Ltd.," so I'd guess that the translation is confused.
Here's a photo I took in the reception area of WC1 during the investor tour in September 2015. It looks like the same place shown in the photo on the website.
Thanks, Ikea. Here's the English version of your article:
http://www.theepochtimes.com/n3/1990148-chinese-man-tricked-into-buying-hollow-hormone-injected-strawberries/
This is the market in which SIAF competes (from the article):