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Wow, it's been going down another 70% or so since the last time I looked. I didn't even dare to trade it in the end.
I am sorry for everyone's loss, but just remember 9 or even 6 cents is still more than nothing. There are some great stocks out there, why waste time on one with a management like this.
Nice, I've been focusing on other companies and been trading a lot this year. Lots of volatility :)
https://invst.ly/ld0wr
Any updates regarding this ____ company?
Might be time to get out...
So “only” 20m more common shares then
So this opens up for a lot of dilution in this stock
https://invst.ly/awlet
Solomon needs to hurry to talk about headwinds or this stock might go up for a change
https://invst.ly/asste
Things are looking a bit brighter according to the chart
Even OBV is starting to come up
okay, at like 12-13 cents?
I mean why hold any shares on otc when people can buy it at Merkur for a few cents less. Unless they're trading.
There are no buyers on Merkur anymore.
OTC is trading way higher than the ask and the bid is non-existing
Some re-organizing within the BOD
Surprised?
Who knows when this guy will start dumping shares on the market again.
It needs funding and a new ceo to make a move
Seems like they’ve had some lawyers look it over. More than some damage control texts.
I might liked this one the best:
One of our directors and officers controls a majority of our common stock and his interests may not align with the interests of our other stockholders.
Solomon Lee, our chairman, chief executive officer and president, controls our company and beneficially owns in excess of 50.1% of our issued and outstanding common stock. This significant concentration of share ownership may adversely affect the trading price of our common stock because investors often perceive a disadvantage in owning shares in a company with one or several controlling stockholders. Furthermore, our directors and officers, as a Company, have the ability to significantly influence or control the outcome of all matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions, such as mergers, consolidations or the sale of substantially all of our assets. This concentration of ownership may have the effect of delaying or preventing a change in control of our company that could deprive our stockholders of an opportunity to receive a premium for their shares as part of a sale of our company and might reduce the price of our common stock. In addition, without the consent of Mr. Lee, we could be prevented from entering into transactions that could be beneficial to us. Mr. Lee may cause us to take actions that are opposed by other stockholders as his interests may differ from those of other stockholders.
https://invst.ly/ahsoz
And no one has been fired?
It will be interesting to see capex.
Well, this is why they're getting kicked out from merkur, they can't get even the easiest things right.
http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=12815389&type=HTML&symbol=0001488419&companyName=Sino+Agro+Food%2C+Inc.&formType=NT+10-K&dateFiled=2019-04-02&cik=0001488419
Should they be releasing these when only one market is open
Lol :)
https://invst.ly/abcqo
It's following my chart pretty well so far :)
Didn’t someone put up a pdf with all the things they’ve done wrong according to Merkur?
Haha, yep, I guess that's accounted for in management or, management success rate.
I think he needs to focus more on quarterly growth, management success-rate, (positive) cash-flow in these companies and of course liabilities.
I don't think that's the case.
The selling activities have been since they got kicked out from Merkur.
I told you they would close the gap on 11 cents.
https://invst.ly/a928o
It was not exactly like the pattern I thought but close
Solomon is the king of carrots and screw ups
Well, its sucks to pay taxes if it will be any gains since you can’t make any deductions, and you already technically paid for gains when it’s been dropping with the yearly fee.
At this point it feels like it won’t matter much if it goes to null.
The purchase price will be the same as when they re-book them to your ordinary share & fund account. So it will suck if the share price will start to go up from there.
Not a big surprise..
Wow, nice to hear. Congrats, you deserve it.
Awesome! Great news, I’m happy for you!
Do you happen to know what the share count is on Merkur at the moment?
Must say it’s quite low volume so far, not even 300k.
We Swedes like when it’s easy access:)
Doesn’t matter much as long as you’re trading with Avanza or nordnet. I can still buy otc though Nordnet’s website. The “problem” is no KF or ISK.
If the price on Merkur is way under otc then you can just buy and wait for them to transfer your shares to otc.
And now it’s halted on Merkur because they never released the news on newswire.. haha I guess it’s hard to get a fee when they’re going out of the door anyway
I was mostly thinking of all the other banks besides Avanza and nordnet
Hahaha.. I guess you’re right
ISK and kapitalförsäkring is also used for tax benefits if the assets perform well, otherwise it’s 30% in tax on the profits.
I agree, it’s very unfortunate for a company which had a lot of potential 5-7 years ago.
There’s a lot of people who won’t be able to be buying the stock after Merkur is gone or it will be like $100 in transaction fee.
There’s not possible to have the shares in ISK or Kapitalförsäkring for the swedes, which really sucks if the stock would start going up from these low levels. I think a lot of people will get tired of holding this pig.
However i don’t think this choice was up to Solomon, I think they unofficially got kicked out from Merkur. I mentioned that the possibility was quite high after all mess with the dividends. They was on thin ice before that already.
It’s also interesting to see how important it is with a good management, a kindergarten kid would probably have done better if you look at the history.