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Anything interesting?
So much information. And 99,5% is pure copy paste from previous years
I see SIAF in most of the files (go to Data downloads-> "ctrl find" + type Sino...)
Any idea what it means? the number is not as high as it used to be.
https://www.sec.gov/data/foiadocsfailsdatahtm
What is the % of short in Siaf? When is “wall street bets” going to recommend Siaf?
Well we don’t know the prospects because they don’t communicate a f’in word. They could give some spin at least to maintain some confidence and hope - easily! (Which would be in everybody’s interest)
Plans or cooperation the plaintiffs or something with The new audit guy and his financing background etc etc!
Bye, isn’t it possible to issue an unaudited q-report?
How do you evaluate this?
What about the settlement then? That should depower the “crook”
I wonder what the plaintiffs are doing these days. They had the settlement in their favor for several months and basically nothing has happened. Weren’t they supposed to distribute the Trw-shares asap?
I don’t need to talk to him, as long as they do what he said they would. They always used to be late with reporting and delayed until last minute but always delivered finally.
Communicating fluff would even be better than this
Isn’t it somebody who knows Solomon here and can call him? How about giving some status and updates, Solly?!
I don’t remember my exact wording but I didn’t ask for company-specific information (which of course he wouldn’t give me anyway), more if he knew if the promised update was coming.
He and Fredly should have enough time to force through some changes by now.
I sent an e-Mail to Peter without response. I would assume he knows the importance of an improvement in the investor updates/communication.
How difficult is it to inform about the current status in a bullet point format?
Thanks for sharing!
As far as I could see it wasn’t anything new. Not even Fredly/Apollo mentioned
Any updates on this?
Good point.
Many times I wonder how a non-chinese company can be so terrible at communication, corporate governance and keeping promises etc ?
We are happy with a 5-15 bagger. A few positive news should be possible, even for a company with shitty corporate governance.
In order to get bull run we need not only positive news, but the company must really try hard to regain confidence and improve communication. There are so many easy things they could do to prove it’s not a dark shell company, but they can’t be bothered.
How fast can the tri-way shares be distributed?
It needs to be a heck of a bull year for Siaf to recover up to most investors cost price
Where’s the annual New Years greeting from Solly?
This is for tri-way, right?
Key words. "Make haste". Explains it all.
Thanks.
I would assume that the HK-auditors would have gotten a “special invitation” by now. Alternatively, that some work was done electronically or that Siaf changed to a Chinese auditor.
Why is Tri-way based in Hong Kong anyways, and why does Siaf have HK auditors??! They can’t be get financing there and they can’t even keep a website.
No, I don’t understand. That’s why I asked. They would be better off reporting timely bullshit and impressive financial numbers.
Yes, it sucks - we agree on that.
Any update in the quarantine rules between HK and China?
No matter how much scam some people want this to be, at least they could do some updates both on operations and how much longer the financial reporting will be delayed.
Why would they even bother to include a guy in the audit committee if they’re not issuing an update soon?
The level of baseless speculation by the "experts" speculating negatively on the future of SIAF must have a sad day today.
The last year on this forum the bashers have outnumbered the “local experts” waiting for a positive outcome of the lawsuit/and the company. (Unbelievable how some people want to spend their time)
You can do the counting since you love to count apparently...
Are there still the same quarantine rules between HK and China?
Even if the auditors followed the rules these idiots should be able to have done 2019 by now.
Everything they do is “Non-Accelerated” :)
When is the next Q-report? I guess they have to give an excuse + some update in it
When is the Biden-effect showing in Siaf? :)
If he actually lent Siaf money he can send proof of the transfer I assume. I don’t know if he receives interest like he should. Probably not
Can you elaborate?
“The posters on this board appear to think his company stiII has Ient tens of miIiions of doIIars to SIAF. “
What do you expect to be the outcome and impact from Fredly/hang ren ?
I think a minimum level of communication about the proposed changes will bring back some optimism and credibility that this dead cat is brought back to life again
One of the last releases in the spring he said cash flow positive in 2020.
His credibility is non-existing at the moment but in terms of value there should be some...
Conclusion
SIAF has restructured its businesses in several ways resulting in new emphases and plans, as below:
SIAF ceased operational control of SJAP, JHST. MEIJI, and HSA and now derives revenue from leasing facilities or sharing in a percentage of revenue.
This arrangement “de-risked” these businesses, which incurred negative cash flow of USD 2.8M in 2019 and now expects positive cash flow of USD 2.5M in 2020.
Can Fredly/Hang ren afford a big 4 auditor you think?
You answered my question with claiming that Siaf is empty shell with no value. What do you think the plaintiffs will do now considering they won the settlement? In my view they will look quite silly if it turns out Siaf/trw has no value and that they spent all the time and money on a lawsuit.
I don’t they they are silly.
Why shouldn’t there be hope to get a proper auditor?
Ok, so Fredly/Hang ren got the lawsuit in their favor.
What’s next?
They have both access to big bucks, wouldn’t it make sense they start of by pretty soon with an action plan and communicate with the market? Get some new auditors (big 4) for instance.
Yes, I remember that quote.
If we knew the outcome of the lawsuit many more would have joined him.
The way both the cash dividend and trw distribution were cancelled is just unforgivable.
I take your point about Fredly not putting in more money. But this is not only a competition in moral between Fredly and Solly. Fredly wants compensated in something has a real value. If he believed Tri-way’s value was zero he wouldn’t go through all this hassle for some extra shares. I think he and the other plaintiff will hire some people with the right background to extract as much value as possible, ASAP.
Freddy wants to earn money, period. So does Solly but apparently he doesn’t care about short term shareholder value.
A million “scam”-Triway shares won’t matter to fredly if they were worth zero. So he must get involved somehow to unlock that value. IMO