Ah, so they're saying that the market cap should be $44M post offering (assuming the PPS goes to/stays at 25 cents)

13k shares so far in the Jove offering (ending August 21st).

Here's something for you RD to dig deeper into; The offering-page states a "Post Money Valuation" of $44,291,445.8

https://www.picmiicrowdfunding.com/deal/Yasheng%20Group/

And 75% that the dividend will be delayed/cancelled :o

$14 in traded amount sounds like retail - is there still brokers that allow trades for "non-experts"? (and that doesn't demand a hefty fee)

Ah, ok, ty.

Will be interesting to see what happens sharepricewise from here: it seems (at least from fidelity) that the shareprice went back up to 4 cents, but then down again to 0.1 cents (which is 10x from the shares you bought! lol)

What broker do you use that allow buying?

Assuming the SP stays at these levels one would assume that Solomon would struggle to defend himself in terms of destroying shareholder value...

He didn't say much about SIAF, but he did warn about chinese, russian and african companies (with management remaining in those countries) listing on the Oslo Stock Exchange - and referred to SIAF as a fraud.

At the very end he also said that he has lost 25MNOK on SIAF, and that they are going to get him (i.e Solomon) - and that he doesn't give a f whether it costs 100MNOK to do so.

I guess the write-off today is a desperate attempt from Solomon in this regard. Let's just hope that Fredly&co are able to grab SIAF from the hands of Solomon, so that we can see what values (if any) remains in SIAF and end this nonsense.

This was not an issue in 2018 and 2019 when the share price was 1/4th of what it is now... They're probably reluctant (or slow) because they went non-current. No idea whether that means they will allow it eventually again.

The ownership is the same as in the 10K-filing back in 2017:

Yes, over a very long period of time. I myself asked why the heck they weren't listed as a major owner in the filings anymore:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166080553

And then the filings got updated/corrected... (this has also been commented/discussed here) Might have been the communications RD has had with them that made them correct the filings

RD also just provided you with a 5 year old link where it is pointed out as well:
https://seekingalpha.com/article/4002968-why-mr-market-is-wrong-extremely-low-valuation-of-this-government-owned-agricultural-company

Nothing new, and it has been repeated on this forum many, many times - and over several years.

I think he meant everyone that takes the time to read a fraction of the posts on this board. It goes without saying that most of the worlds population, and even most of the people on the stock-market, probably even most of the people on ihub, have never heard of Yasheng in the first place - not to mention the owners.

However, the special ownership-structure has been repeated many, many times, over a very, very long periode of time on this board - it is the very reason why many of us hope that this company is different.

Also, another thing that RD has speculated/commented on, is whether the province of Gansu might need a cash-infusion. If so, then it shouldn't be unlikely that they might want Yasheng will pay a dividend (and/or, what we know are seeing is the step forward for them to get a hold on the cash)

It's a well-known fact on this forum though. That, and that Gansu Yasheng Salt Chemical Industrial Group is a subsidiary of Province of Gansu. This is what seperates HERB from the rest of the trash

The parent not being listed could indicate that they have already left (with the plantations?), but then the 157M outstanding shares doesn't compute (that number is as of September 30th, so post record date)

Stupid question, but isn't the parent supposed to show up under company insiders (page 9/10)?

Does the shareprice really matter at this point? Even a small amount of $ will move the price - either direction. No reason to try to trade this stock, is there? I.e the only thing to do is accumulate (if you don't have enough already) and let the PPS do whatever it wants, it's not like you're going to see a nice PPS unless/until HERB delivers big-time.

Seems like Solomon got the excuse he was hoping for then?

I agree that the number of claims in itself doesn't say much, and many claims are more or less worthless (or worse...).

Depending on how it is set up, it might be different with HERB though; unlike a junior miner, which has to act on the one (or few) claims they have, HERB can just wait it out. If the claims aren't profitable today, they can just wait a few years (or decades...) until the mining cost of other mines (especially copper, but also gold and silver) increases (and hence also the prices for the metal) and the current non-profitable potential mines become profitable (the very long-time view of the chinese is one of their strengths after all).

I have some Contingent Value Rights Shares in PAM after the Tahoe-merger a few years back which will become worthless in 2029 if the mine is never realized, but the rights shares are currently tradable (with a discount to ordinare PAM-shares).

I have no idea whether there is value in "our" claims, and even if there is great potential it might lay many years ahead, but there are ways to unlock value here if that is the goal (which might not be the case - I'm still trying to wrap my head around the museum dividend shares)

That could of course be the case, but that would also mean that they new about the distribution well in advance of the claimed date the board decided to spin it off (April 30)

So strange, but let's speculate

1) Rouge wants to get rid of EAC so that they can list (why would a mining company own a museum?)
2) EAC is loosing a butload of money, so they want to get rid of it
3) The government wants to own 100% of the museum, so first they spin if off and then give a bid (how's the rules in US about this? Can they force us out, and if so, at what price?)
4) They want to send a signal to the market that they're back (i.e expect more spin offs), although they could have done this with a small cash dividend instead

Other options I have missed?

And how does this fit into the promise a financial filings soon? Why spin of before the filings? Will we get filings for FY2020, or post spin-of?

We had a 15-12g filing on Friday

https://www.sec.gov/Archives/edgar/data/0001123312/000121390021022758/ea139686-1512g_yasheng.htm

That's an interesting angle. Didn't someone here say that they got a reply from whoever is behind the website, and that this person said there would be a financial filing soon?

Sure, they're just disappearing in a vacuum... (somebody is, but might be the same people who are forced to sell them)

It's not like it was the first time people claimed SIAF would never be heard from again...

It is quite frustrating though how little we hear from the company, and how long it takes for the remaining reports to be released. Solomon doesn't have a good track record for honesty (I'm referring to all his dangling carrots that he knew or must have known were BS), so the new board member should do all he can to adress that issue.

Yes, Zero is not allowed (because of the issue of not being able to sell I assume, and also not being allowed to transfer shares from Zero). A regular account is allowed though (although you can't trade them after 1st of April... And probably not buy there now)

This is the message they sent to the regular AF-accounts;

They also had an issue with the angle of the (skylights in the) roof

SIAF stopped filing in 2020 and blaimed the Corona (which initially probably was true). They did file the 10K for 2019 earlier this year though, so hopefully they are working to catch up (http://sinoagrofood.investorroom.com/sec-filings)

This of course does not change the fact that we (best case) have a horrible management

I use Chrome, but it didn't load properly. Tried again now, and it worked properly this time.

Assuming that Solomon doesn't want to be taken to court again, the increased OS is approved by the plaintiffs. However, I don't think Fredly is behind it (he got his TRW-shares already).

I can't the search-function in that link to work, but according to OTC there is 60M authorized shares as of February 26th.

https://www.otcmarkets.com/stock/SIAF/security

Seems like we've changed transfer agent as well (well, since last I looked which has been quite a while); TranShare Corporation now

Got a reply from Nordnet Norway;

We can keep the SIAF-shares on a regular aksje- og fondskonto (and then transfer them to a different broker later), but we can NOT keep them on Zero or IPS (if we do, then Nordnet will try to sell them)

Problematic in which way?

Yes, being forced to move them out of KF/Zero (or keep them on KF/Zero gambling that one day the OTC-rules will change back and you'll be able to sell them) must be a major blow

Sorry, but this sort of nonsense happened before the lawsuit as well. Nice try though

It's strange how they never have to do any write-offs for risks in bad debt etc until they suddenly have to do HUGE write-offs... Best case = incompetence