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No! The lawsuit is the most stupid idea but it is a close call.
Hey jyyoo,
I agree with you. You might have missed it but at one CC, do not remember which one, it was made clear that SIAF would support the carved out companies during start up. I guess that could be the reason to why they do not insist on re-payment. TRW need cash to finance the seafood trading which in turn may be used as collateral for the loan. If that is the case forcing TRW to re-pay debt might not be such a good idea.
Strange friends you have.
Thank you Jyyoo.
When and where did Soloman say that?
Please what gamble?
What gambling?
Well your imply sacrifacing a number of TRW shares. You really want to decline 5000 shares in TRW for a bet on SIAF?
Do it your self!
"To me it does - there is a significant difference between 0.73 and 0.54 TRW-shares pr SIAF-share"
KS I agree with you.
Thank you Jyyoo!
Good to hear that the loan is still on. Guess they are strugling with the collateral issue. Tony really stressed the importance of funds for significant progress.
Thaks! Andrew. When did you get this reply from Tony?
Thank you Aandt. Good work!
Well spotted Agnes. Thanks!
Well done jyyoo! Nice and sensible.
Yeah! I am surprised that you forgot to mention Putin and Kim Jong-un. They must surely be in on this.
I think you are right Androo. The amount of collateral shares in the market most likely delays the TRW stock dividend. SIAF have to reduce the number of shares in the interest of long term investors. A token cash dividend is just not of interest compared to the potential of the TRW stock dividend. The play in SIAF, at least for now, is a large portion of TRW shares.
I am inclined to buy even more.
Thank you Agnes_1. Dan did not say that the loan was a done deal.
Good point Shoebizzz.
Thanks for your looooong reply.
You started with a provocative "Didn't our CEO flash around in Norway some months ago talking about a $20 mill buyback might do it?" which is a lie and harms the credibillity of SIAF. So you are not credible! Did you do that deliberately?
However. If you began bying SIAF just after the intro on Merkur I can understand your frustation.
I agree we are all in this stock to earn money and that "The CEO should instead have share options, which are executable when pps increases. This would benefit shareholders, as it gives the CEO incitaments to increase pps - not the opposite as the situation is right now"
The situation is not right for cash dividend either. And that was my major point.
No hard feelings I hope.
No! Actually he did not flash around talking about a 20$ buyback.
Yes that makes sense. Sell the critters to buy food for them!
No you should listen more to the company, instead of some experts on this board. In one of the CC's last year the CFO clearly dedclared that they will do everything to support their daughter companies, spin offs. In other words they will not force them into any financial jeopardy. And rightly so.
The aim of the COSO is spinoff the companies and a subcequent successful IPO. Not an IPO just for the sake of an IPO.
Management have been perfectly clear about this.
The management have done well so far. Just by decreasing/avoiding the repatriation tax was worth to wait for.
Offcourse we are entitled to dividends. If you own any shares. There are older companies, not even growth companies, out there who do not pay dividend. SIAF is still a young company and will most likely pay dividend when it matures. You can read about on their homepage. The COSO is part of this.
Will it take time? Yes!
Are you only in this stock to make a quick buck?
Since you started to post on this board you have done nothing but trying to discredit the company and the managment. Why?
Hear, hear.
Quote(TS): Can you guys get a reality check please. There is no money for cash dividends until they have financing in place. Not even a "lousy" $2,5m or whatever you are asking for. When the financing is in place and CA is making money again, you will everything you wish for.
Quote(KJ): Thanks TS for this post. I'm getting tired of reading the same old wishful thinking regarding a dividend that I see every freaking day on this board. Please people look at the cash flow numbers. A dividend is just not in the cards right now. First the loan, then a reduction in collateral shares, then construction of MF (completion of Phase 1 and build-out Phase 2), then hopefully a listing and then a divy. Stop getting peoples hope's up they will only become more discourage later down the road.
I fully agree with you
Thanks!
No one need to breach any terms for a lender to sell collateral shares! It is usually up to the lenders discretion. Must admitt that I do not know the fine print of the contract in this case. What proof do you have that SIAF have breached the terms?
No tax on dividend in HK. I prefer owning a dividend stock in Hong Kong any day. All dividend from SIAF have to be repatriated first, if I understood Dan correctly!
I for one would prefer to get as many shares as possible in Tri-way so I hope that SIAF buy back as many shares as possible. Paying a meaningless tax, due to repatriation, just to get a cash dividend! No thanks.
The Tri-way dividend is an excellent idea.
Well stated Snow. I totally agree with you.
It does not necessarily mean default of a loan. We, SIAF shareholders, can do without unsubstantiated statements on this board. The sentiment is soo depressed already.
Thank yuo Swede!
Too many unfounded theories and fictional predictions on this board.
And you did not see "But remember that I can have misunderstood what was said during parts of the phone call". Don't start any conspiracy theories.
OK! I see what you mean. I took the figures at face value, as they were reported. Stil think 40 M is in possible.
He is right. Do the calculations yourself and you see. 40 M seems a good bet.
Yes! I agree with you. The pre-IPO did not make sence if it would take three years to list the company. But I have been wrong before.
I guess it also depends on who will be in the management of Tri-Way. There seems to be exceptions to the 3 year rule.
(V) Operating History and Management:
Exception:
Under the Market Cap/Revenue test, the Exchange may accept a shorter trading record period under substantially the same management if the new applicant can demonstrate that:
1. its directors and management have sufficient and satisfactory experience of at least three years in the line of business and industry of the new applicant; and
2. management continuity for the most recent audited financial year.
Nothing! You know some people on this board just like to write malicious posters. Strangely enough they also claim to be stock holders. Shooting them self in the foot?
Totally agree!
Guess we all do. The dismal share price is doing my head in. Talked with Marius a year ago and he thought that even without the MF SIAF should be traded at a PE of at least 4. That would have justified a price of ~40 NOK at that time. Talked with another banker yesterday and he thought that Aquaculture (agriculture) were the right sector to be in right now. Will see if he was right.
Picked up another 1000 shares.
RD! We do not all want to split up the dividend shares. I just talked to a merchant banker who owns shares in SIAF and he did not understand you.So count us out. He for one has not considered selling SIAF after the dividend, neither have I. A split up dividend will only cause more confusion and uncertainty, and you know what investors think of that. SIAF made a plan let them work the plan.