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My stake is that this is the only solution Iliad have to collect any cash..
Let the downhill dumb begin...
This is a historic document how to Completely destroy a company!
Chrys, did they tell you that they can transfer the shares to aktiedepå explicit?
Or do you have to sell them and buy back them in aktiedepå before 31 of Mars?
I tried to get some straight answers out of them but wasntable..
From what I manage to understand, you cannot transfer shares out of KS or Isk.
To some other account as an aktiedepå..?
Nordnet has 7,3m shares most of them in KS ti be forcefully sold..
Thanks
Chrys, I was told that if I keep them in KF, then they can only be transfered
To a KF account in an other bank!?
However, if I want to sell in the future, I need a bank that do OTC and at the moment,
It looks like none of the swedish banks with KF trade Otc....?
So many different comments from NON....
Looks like the shares will be totally locked...
First: Siaf isnt on Nordnets list of riskcompanys on otc, what I can see!?
But that doesnt mean anything, both Nordnet and Avanza are not straight forward
With info...
Looks like our great Salmon is out of money, or in orderly manner gives a sh.t in paying the lenders?
They have converted it into shares and might be selling?
Again, can anyone present any fact that Peter or Arne Fredley owns any stock in Siaf?
1. Latest pressrelease : promised updates within 2weeks...
2. Euro china capital and Fredrik Danielsson are out of the game.
3. The swedish siaf company is under liquidation.
4. Triway site is down
5. Siafs website havent changed for ages.
6. Pr peter have left for golf
7. Tony is gone.
8. Where is Garret?
In my opinion 3 future scenarios left.
Salmon are shutting down .. or
Salmon is going to or have made a deal moving any left assets to a new company.... or
Company are in bankrupt mode...
I do wonder what kind of deal Peter and Fredly really made ...?
To my knowledge, mr Fredley and mr Hale” doesnt own any shares in Siaf!
Please provide any other fact!?
Nordstrom, can you please enlighten me where I find details of that the plantifs have bought
any shares?
”We started invest nearly 10 years ago and soon after FD entered...we..”.
Sorry for the typo. My point is that Solly are not able to do things the right way however, he is fantastic to rip off
Investors ,no matter they have him by the balls as FD had, and Garret and now Fredly..?
Nearly 10 years ago just after FD entered the scene, we tried to convince Solly to issue new shares( approx 10mil ), it was in the up-trend when shareprice went from 11 to 15. And we wanted him to lend the money to Triway as a sharholdet loan with 10% rate. Solly thought at that time that it wasnt a smart move, to increase
the stock from 18mil to 28mil outstanding!! What happened then? No megaloan, no expansion at the megafarm, massive dillution, 99,9% plummet of stock price.. 10 years has past, imagine where we would have been if This man listen?
Fredly is a hunter, not the one thats create shareholder value.
The only conclusion is some kind of takeover together with Sal..
With a coming mega dillution..:(
Empty, as I said before, Mister S probalby has a bi-polar dissorder. He will never sell any asset cheaper than over bookvalue! Wich leaves one scenario left if he cant get hold of spending-money elswhere.
After nearly 10 years in this company we didnt see this pice. This company and stock would have been skytrocketing if Sals A-shares hadnt been there. In S world there is only one one-way street and the ones that are in the way, we need to drive over....
He can print as many shares he like, but he will not solve anything anymore. This looks like a bi-polar downtrip.
Had a friend that moved mountains on his uptrend and made tons of cash. But he didnt want to pay any attention to bills and loans so when the shit hit the fan he lost like 30mil in assets, just to pay anloan for 1mil.
He could have solved the loan within a couples of days selling some for 40% of booked assetvalue...
Siaf Is hostage on Sals ”bad downtrip”.....
He needs money to pay the revolving loan and he will do wat ever it takes except sell Assets!!
A thought, wy dont we gather us and give S a 4,5m loan next week under condition he looses his AShares..
He will probably need to raise a/s to 90mil before end of year regarding the revolving debt.
It looks like the only winner on this delistning will be the governments in the Nordic Countries..
I guess approx plus 30% of the shareholder base is in Scandinavia and most of them have bought siaf
In Isk or Kf accounts, meaning we have paid a pre-rax every quarter.
If they transfer the shares to a ’aktie account at these depressed levels, everyones buyerprice’ will be the latest
Share price when the transfer take place. ( will be the new buyer price of the share) wich means everyone of the sharholders will have to pay a 30% taxgain on losses...
if the shareprice ever gets back to 8usd , i think a lot of shareholders still could be down or just even, then the Governments make 70milion ( ish) dollar in tax gain and all scandinavian shareholders are still behind....
A lot of the longholders have bought and where able to buy shares on OTC with isk or Kf accounts before but apperantly the banks have changed their rules leaving siafs scandinavian sharholders in a devastating situation regarding taxgain on losses...
Here´s my take of what´s happened and happening..
I still belive FD working hard behind the scenes, however I´m quite certain that he´s a smart guy. Remeber that S and ECAB ended up decresing the convertible bond, well If I have been in FD shoes, I would after that started to hedge my pos. I think he have been shorting, even naked the share for some time.., Ive would. ECAB have 10,5% interest on the the remaining bond and some free capital that needs to be in work. Yes, I agree that Dan and S shouldn´t be runing the financials..S is a master of runing the business (of course bad things happen day to day), but shareholder communications is on the lowest level.
Why do think they increased the shares to 50M recently? They need it further on , but not to aquire, they might need it to close the loan to TRW. We have been in Siaf for nearly 6 years and have had already from start, a 10 year horizon, so in my opinion there´s a lot of positive operational pieces that have been in the right direction.
But the communication have worked contra" I still belive we will come out of the tunnel within my horizon, but I don´t think we will have any dividend the coming years. Perhaps they will do the buyback, but maybe the have some better to do if they get some money? We have increased yearly and have soon a quite sub.pos of 500K shares. But I don´t count on a major change in the shareprice the coming 2 years. The ECAB bond date will be a interesting date..
This is why I am a "loong"shareholder in Siaf!
We have a increasing demand for food, worldwide, but not dangerous food. It´s not only China that faces problems with bad, cheap, low quality food. Actually this is possible one o worlds major issues the next 5-20 years. The Norwegian company's are growing bad Salmons for a cheap costumer price/kg, but the impact to the environment and the balance i outrageous! On top of that you get a toxic fish without any omega-3, but a lot of omega-6 ( You don´t want more of that).
I would guess that none of the company´s that grow Salmon is sustainable and greentech for mankind. I would never put a dime in that kind of business! However, This is why I´m in Siaf!
1. Siaf is the only company, regarding aquaculture I have found that has the right visions, and quality and edge knowhow.
2. On top of that I get a company that is the "future" for "a Dime" !
3. This is the business you would like to own for ever!
The eels, we have to find a solution for though..
Hello to you all!
I have been in SIAF for some ages, but found this forum today!
I have read the recent 500- posts, and I´m glad that a lot of you confirm my own DD.It´s not a clear cut structure of the company, but when looked at the business vision" I decided to go loong".
I guess most of you know the most a investor can get hold of regarding this company, but one thing makes my wonder, why are we still talking about First North? Here´s my view: Listing on a bigger exchange in US, didn´t work out a long time ago (it´s history).
Listing on First North with Penser, didn´t work (due to certain issues, this is as well history). But now, there´s been a major changes just within a extreme short period ( 10-12 months),so in my point of view, Why list on FN? The smartest thing would to stall the First North listning process, and go for the Oslo exchange in October .And take the time now to work & set up a massive media&Pr plan.
Everything takes time, I know that Salomon have done more in shorter time for the SIAF business, than most normal people can´t do in twice the time. But would it be smart to list on both FN and Oslo, and not ensure to take the time you need to do it properly?
My belief is that we are going to Norway in late Sep/Oct!
("It´s better to do one thing best, than do multiple things good")
Cheers!