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At most 30% percent. That is my guess.
Solomon said almost the same thing during the phone conversation I had with him during the weekend, except that he said he has worked his butt off for more than ten years. lol.
yeah, if he dilutes now, within one and half years, he needs to give back $.15.
I guess cry would be more appropriate. In the PR, he talks about issuing more shares.
10q filed
who are buying?
Yeah, you do not have to be so harsh on yourself. Everything will be fine. You might be able to host us when some of us visit South Korea later.
Solomon felt awful himself at this point from what I can tell. The problem is that he probably did/dost not understand where went wrong. That worries me.
are you sure they were not sold at 23 cents?
I did not say he was nervous, but certainly emotional.
I pointed that out to him and asked him why not selling noncore assets, he came back commenting on some joint venture stuff ( not sure why he said that) and it is not good timing selling noncore assets.
at the moment when he mentioned joint venture, my interpretation was the $20 million RD mentioned went to the trading company of TRW. but that was my guess.
He did say he is still confident, but he was emotional.
He did not say much, he came back from a long flight, and he said he does not have the energy and time to talk to individual investor.
He said if there is anything we could tell the market, we will tell you through Peter or PR. If anything Peter did not anwer, either we do not know the answe or we cannot talk about it. He was agitated when speaking about the take over thing. He said Garrett is a friend of the company, when I asked about the the toxic note.
He said his entire life would be a complete failure if the company fails.
most of the time of the few minutes, he was emotional.
I called him, he told me in phone last weekend.
"the money is tight. there are bad guys who want to take over the company, they sold from $17 all the way down. I cannot put them on paper.
chinese banks only give out loans for one year, cannot be used at all due to seasonality constraints of agriculture. "
words from Solomon.
I hope I am wrong, but there will be no dividend coming, not any time soon.
Nothing is going to happen next month, I can tell from what I heard. They do not have money for dividend, the distribution of TRW shares need to go through HK, China and USA, it is a long process, well maybe that is an excuse.
The rumor says the money goes to the trading subsidiary of TRW. Solomon is even more tight on money at the end of Q1 and someone knows that.
Handlamera, bravo!
Not that I am interested in knowing your personal stuff, but I am really curious that how many shares you have, 1% or more than that?
We know Garrett has over 5 million shares and Emptyone has 1%.
From what I heard, people refrained from eating the shrimps during Chinese new years due to wide spread shrimp disease. I am not sure whether it affected Guangdong or not.
I got to know today that shrimp price was really bad in Q1 in China due to some diease, so I am betting that we will see negative pps for Q1.
Yeah, the company does have assets and even potential, but the actions of Solomon made it a fraud.
BTW, anyone called him and got some positive news?
also, this one, it seems it says 10MT/mu, I believe it is about YiLi.
http://wap.nfncb.cn/show-1169-1158578-1.html
http://www.fishfirst.cn/huixun/article.php?tid=89523
aandt, could you please help on this?
Very interesting stuff: I think these are from ZhongHe, what SIAF has dumped in Q4 2017 after losing $17 million. Now, they have the following:
http://www.qhsjyl.com/news_c.asp?id=476
http://www.qhsjyl.com/news_c.asp?id=477
It seems that it is expanding heavily.
Hmm, make one wonder what had happened.
Did it really lose money or some evil scheme happened?
Did you call Solomon through the number 861866563****? I tried, the phone has been powered off.
RD,I checked against baidu map, I saw the following:
https://map.baidu.com/#panoid=09006200001409211517258015G&panotype=street&heading=346.67&pitch=-14.14&l=21&tn=B_NORMAL_MAP&sc=0&newmap=1&shareurl=1&pid=09006200001409211517258015G
I am not sure when baidu updated the street view there. But according to the street view, there was nothing there, so it is indeed new buildings.
The building is supposed to be on the left of the road.
"If he is unable to do a cash dividend then he should at least do a minor TRW-dividend and announce the date NOW. Check with their lawyers whether they are allowed to do a regular TRW-dividend (I can't see why that should be any different that a regular cash-dividend regarding manipulating the PPS). Split the 18.3% into 18 quarters if needed, that's still 10 cents or whatnot at the current dilution. "
It is a good idea, but he iterated some excuses already.
If you are as wealthy as Garrett, of course, you can buy for fun. However, it is not feasible for most people here.
Well said. He does not care though. He could have distributed the 12.89% TRW shares, he could also distribute them now, but he wont. Game is over for shareholders, including Garrett.
Emptyone, he has not bought, he is not buying. He wants other people to buy so that he can bail out.
I said a few days ago, I suspect Solomon is ready to ditch all western investors completely now. The market will no longer serve any purpose for him now. He won't be able to raise much money from the market. On the contrary, he is asked to pay cash dividend, that is probably not something in his mind to start with.
Game is over, RD. The aquafarms are not making as nearly much as they have projected/claimed. I suspect Tony is fed up and will probably leave the company.
I wonder why Dan is still there.
You mentioned that in 10k they mentioned the company paid back exactly $4 million to ECAB. It is probably not a coincidence, ECAB probably got the same deal as Garrett.
Note that Garrett has not posted during the last few days. Something is going on and they won't tell us anytime soon.
also selling from ETRF, ARCA, almost everywhere.
MAXM is selling big.
Another big increase of OS today.
Solomon is paying daily bills by shares. I wonder why Garrett is not pressuring him to sell HU etc.
Waiting should not be the strategy, not for Garrett.
RD, it is not very likely. The pps is dead, Solomon does not care, I hate to say this but it is what it is.
what is your holding and what are in your siaf wallet?
The profitability is the main issue here. Solomon's bubble is going to burst.
RD, did you get touch with Dan?
"we will never get dividends, either cash or stock. It's not part of the concept."
it certainly feels like that.
Even 100% scam companies have high valuations than this one. The dumping never ends here, that is a more urgent problem.