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Coupon Payment Date of May 30, 2015 is now less than one year from today!!! Hold-on shareholders, that divvy is just around the corner!!!
Joe looks awfully foolish right about now.
Your article will be of great service to the investment community and will hopefully convince people not to invest in this share selling scam.
Excellent RD .... just PM me with facts about other broken promises that I may not be aware of, as that's what the article will be about, one fraud after another ........
"Joe, when will yout hitpiece come out? Perhaps I can help"
That's exactly what they were doing, pumping the stock by promising a dividend. The intention of Salomon was just to fool people to invest in SIAF so that he could sell more stock to naive investors. The company has no credibility whatsoever anymore. Joe Natural has been right all the time, SIAF is a scam!
But pumping divy news to sell stock doesn't sit well with me.
No, that is not correct for the purpose of determining NET positions. The data set that you are looking at show the GROSS short sales:
http://ww.otcshortreport.com/index.php?index=SIAF#close
You need to understand how to interpret the data. The link that I provided earlier shows the relevant data for the purpose of determining the position to cover since it shows the NET position. This data is released bi-monthly:
http://www.otcmarkets.com/stock/SIAF/short-sales
This has been discussed several times on the message board.
Right, its just number of shares sold as short. Not only it doesnt say anything about shares that were covered but imagine that one shorter could be selling shares to someone who is covering by it. Meaning you can have 200k daily volume, FINRA numbers comes with 200k shares sold as short... then you would say, hey they couldnt cover if all the volume was sold short. But make no mistake, some other short from days before could be a buyer of these shares meaning total shares shorted on the stock stayed the same while ALL of the shares sold were shorts. Thats why these FINRA numbers doesnt really tell anything of use.
The last two days reported 14 Jun was 216,100 shares shorted out of 343,884 total traded and 17 Jun with 175,260 shorted out of 300,168 total.
It will be interesting to see what happens when we list on FN and the Swedes brings home ~60% of the shares to Sweden. If a USA broker is playing whit our shares and we suddenly remove them from him, he will start to sweat.
NO! It's a message board myth. It does NOT work that way. You can set a sell order at 5000 USD and they will still loan out your shares.
The only thing you can do besides getting your share certificates (the only 100% sure thing) is change your account from a margin account to a cash account. Legally the broker is not allowed to loan out your shares in a cash account. That doesn't mean that they wouldn't do it in certain cases (if they don't care about the legal implications) but most of them do accept that rule.
I finally figured out what is going on here. The manipulators who are shorting have discovered that due to the high profits that SIAF posts every quarter, it bounces back after every selloff. In other words, until something changes the dynamics of the situation, SIAF is their plaything, and they have their way with it time after time. They are happy to pick up 5 cents heee and there because they can do it several times a month.
I donot think they are short of interested parties. My understanding is Company was approached in the recent past with some buyout offers that Solomon rejected. If I remember correctly, on one of the 2012 CC (Q2 or Q3?) S alluded to that in passing by. Some of my contacts told me one offer came from Sweden. I would not be surprised that the same party were working hard to manipulate the pps down in order to come back with a lower offer.
But be assured that S is not going to sell this company behind our back. All IMO.
Of course its all supply and demand. If you dilute, you create the supply hence we cant talk about a natural market anymore. If we take into account that the number of shares have doubled over the last 2 yrs or so, its basically killing the stock. And you absolutely know what was inevitable with such a dilution on OTC, hence you sold your shares immediately.
Thank you very much for taking your time to share this with the board!
Maybe quoting Buffett is not irrelevant. For example, if he were managing 1 million now, where would he put his money?
*if I remember correctly Buffett did ok with PetroChina, a megacap oil stock, up 500%
guess I was in a bad mood because of the price action and Sly is always making excuses for the company... nothing person, just wish he was more balanced at times.
People really need to stop posting this nonsense if they have no idea what they are talking about. The daily short numbers on otc and pink sheet companies are completely useless to determine whether it's a real short or just MM's making a market and covering on the same day which is not shown on these data...
I just wrote to Erik Penser, I encourage others to do the same. The address of Penser Banking is info@penser.se
Here is my letter.
Dear Mr. Penser
I have been a shareholder...
Is there any way to check how manny shares that have been shorted? In Sweden that has to be reported every month, number of shorted shares and by whom.
Personally I don't know if there are so big short volumes in siaf.
Minimum share price requirement
RR and other Swedes on the board: I read through the FN rulebook and was not able to find any exception or waiver clause re. the requirement of the min share share at the start of trading. Chapter 2.2.1 b says:
The share price shall, at the time of admission, be at least 50 Eurocent or the equivalent amount in the relevant trading currency
Is there such a waiver? where does it say that it's negotiable?
8.2 Exemptions
The Exchange may in special cases grant exemption from these Rules if such exemption would not damage public confidence in the Exchange, First North or the securities market.
I think it is unrelated to the upcoming First North listing.
I think that the maxing out of the share issuance to 100m primarily has to do with the rapid expansion of the operations and the need for increase in inventory such as cattle, fish, and prawn flies.
From the Nasdaq OMX First North Nordic – Rulebook
www.nasdaqomx.com/digitalAssets/77/77427_first_north_rulebook_2012_02_01.pdf
4.12 Offering of new shares
Where the Board of Directors or the general meeting of shareholders of the Company has adopted a resolution in respect of the issuance of new shares or financial instruments with a right to subscribe for newly issued shares or where the Board of Directors decides to propose such a resolution to the general meeting of shareholders, the Company shall immediately publish the resolution, the reasons for the issue, the principal terms and conditions for the issue, as well as the party/parties to whom the issue is directed.
The reason for the sometimes incomprehensible Google translations from Swedish to English is that some of the information and posts on the Jordan Fund web page are poorly written in a stream of consciousness type of style. It's like reading someone's interior monologue and can be confusing to read. In my opinion, it's sometimes difficult to understand even for a native Swedish speaker!
From the Jordan Fund web page:
“SINO AGRO FOOD (SIAF)... Jobbar med ekonomiska upplägg som europeer inte riktigt kan greppa - men efter trolig listning i Sverige i vår kan belysningarna där bli lättare.”
What is Cassandra?
Authorized share increase is now effective. The increase of the authorized number of shares from 100,000,000 to 130,000,000 was to become effective on or about the 20th day after the information statement was mailed to the stockholders. I and other stockholders received the information statement around January 8th. The company can now issue up to 30,000,000 new shares if it wishes.
Think that the receivable from the dairy sale is land, not cash.
Yes, maybe they have AR collection problems and that's why they diluted so much additionally in Q4?
It will be interesting to see the AR status in the 10k.
Verification from the DTC that F-shares are being handled directly through Transfer Agent:
bit.ly/SUt6kf
There is not much activity going on in China during the upcoming chinese holidays (which I think starts around 5th of february and goes on for a couple of weeks, at least until 15th. So I think that there won't be any big time dilution (maybe none) due to financing shares around this time. Solomon will not do much business during this period. He will probably focus more on the preparation for the listing on First North.
This is not the way we should get such information.
Just received MY divi from SIAF
HB reports that Solomon now has Cod fingerlings eating pellets. He has talked about training them to accept pellets, but I think what he has really done is select a new pellet-eating variety. When we were there in the fall only a few would take them, but apparently now he has a group. Can't remember the exact figures, but this definitely lowers the cost of feeding and maintaining them substantially.
If I'm not mistaken, the conference call regarding Solomon not having a clue who was selling the shares took place in August, not May. I was out of the country in May and I did not listen to that C. But, I heard it in August.
TF do you think we are watching another fat fucking chunk of financing shares (hopefully, every alternative to that is a disaster) to be sold now!? I know you have a close look at lvl 2 that's why I ask you. We haven't closed under .5 for 4 months so that would really be another wonderful Siaf-shareholder day. Amazing how much shit we all have to watch as such.. Btw, is it only me who have a recollection from CC call in May that Salomon said that he had not a clue of who it was selling this share as a reply to a question...anyone else?? I can't find that call anywhere to listen to again.
Information statement received
I received the information statement regarding the amendment to the articles of incorporation (increase of authorized shares of common stock from 100m to 130m) via mail today also. I use Scottrade as my broker.