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Do we have the link to the audio call?
Caused by the lawsuit maybe?
We would have been better of if we had gotten shares in each AF instead of TRW then
Another reason to delist from Merkur... I don't think Oslo Børs thinks it is a good idea to give BOD incentives to destroy shareholder value, especially not after the submission document stated that there was a fixed number of shares in compensation and not a dollar-amount worth of shares.
That alone is lawsuit material (for Scandinavian shareholders that is), but Solomon will rather delist from Merkur than adhere to what he promised.
I think you are correct, snow. We would probably be better of with no-one steering SIAF, than with Solomon
At least we'll have some signs of life from SIAF in May; first the Q&A on 6th, and then the Q1 on the 15th/20th
Will the market believe Solomon if he says that he is to sell HSA/SJAP? What happened to the TRW-shares that was two months away 3 years ago? Or the cash dividend policy that they doubled-down on for more than 6 months, including the Q-reports only to cancel it a few weeks later?
I agree that getting rid of the debt is the first step, but Solomon has no credibility whatsoever
I'm not sure selling SJAP or HSA would help - the market will just believe it is more carrots, and even if it is proven and the market believes that SIAF now will get a lot of cash we Solomon still has to show that he will not waste all the money...
Stepping down COULD be the way to go; if he appoints the right CEO (a western person, not one of the board idiots) AND lets go of the a-shares.
I fear 2019 is going to be another wasted year (shareprice-wise at least). The best thing we can hope for is no more dilution (INCLUDING convertible notes) and that the first step in rebuilding trust is no more mess-ups...
Indeed. Average shares is ok when the number of shares goes up and down, and/or when the number doesn't change too much. When the OS increases by 100% it makes no sense whatsoever to use the average share count, and the shares at the end of the period should be used as you state. Accounting-wise and reporting-wise I guess it's correct, but it does not make any sense and it is mocking the share-holders to twist the numbers in that way.
snow; I don't remember, and I haven't bothered to read the 10-K in full either (nothing matters until Solomon starts to deliver on his promises). It has been discussed here in the past, but here's a link regarding the issue; http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=12626085&type=HTML&symbol=0001488419&companyName=Sino+Agro+Food%2C+Inc.&formType=SC+13G&dateFiled=2019-01-04&cik=0001488419
There was actually some activity on SIAFs facebookpage 19 hours ago. Only an update on the main picture, but still some sign of life. The first sign there in 6 months... yay?
It is highly likely that they file, but it doesn't really matter; we can have good numbers (which are irrelevant as long as Solomon is in charge) or bad news (which probably is the case whatever they state)... It's all about the TRW-shares, as always, but I don't know what to expect after the disastrous mess-up last year. The best advice I have is to fall into a coma for the next 3-5 years :p
More informative or more misleading? :p
I.e TRW? Isn't that a bit odd? (I guess he will be an asset to the BOD though)
I don't think they will go dark, and I believe we'll have our filings (although I'm not sure that it will be next week, they might use the extension).
Unfortunately, I am not confident that the savage one will change - unless he is forced to... I'm not going to join this lawsuit, but hopefully he gets the message and start to think of his owners for once.
On the bright side; OS still unchanged and updated yesterday (or maybe that isn't a positive considering the collateral shares loan?)
snow I agree; the fee is way to high to consider for most people. At the current PPS small shareholders has to pay more in fees than what the shares currently are worth, and "large" shareholders might not have the money required.
THEN you have to consider the likelyhood of any positive results from this (I have no idea what that is, although I am very confident that it is easy to find examples of breach of the fidiculiar duty).
I think you highlighted the wrong part;
No, but it should be easy to imagine some of the question Oslo Børs must be asking.
You'll starve to death then, but I guess there is no point in posting about the company either since Solomon makes sure that there is no point.
The only thing worth posting is what (if any) we can do to protect our investment (Solomon's compensation scam might be one reason why they are delisting from Merkur)
I'm rather curious to see whether Oslo Børs will do what's right for the shareholders, or if they'll let SIAF go the easy way.
There is so much to ask questions about that Oslo Børs can do if they want (the process of the TRW-dividend, why they went ex date on Merkur before they knew they could, did the ECAB-notification stop the dividend and if so when did that notification come, why did TRW do the announcements and not SIAF etc etc)
If Oslo Børs wants to, then I think they can make hell for Solomon (not sure what the end results would be though), or they can take the easy route and look the other way.
If they take the easy path, then they might as well close the hole Merkur-market in my opinion...
snow Until a few months ago I traded electronically on OTC with Nordnet, but then suddenly I had to phone in. I asked several customer service about this, and they were confused claiming that they never have offered electronic trading on OTC for SIAF. Go figure...
Can we please stick to SIAF on this board?