Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think the "evidence" is as follows;
1) It's chinese
2) It's on OTC
3) It's dark
Unfortunately many old dark chinese companies have turned out to be frauds, but it seems strange that the owner of HERB would be fraudulent.
Not that Solomon has any credibility in terms of increasing the OS, but here's the april's fool they pulled on us this year (yes, April 1st);
To answer that I must have to agree with your assumption that the increase in OS was NOT because of the preferred shares like the company stated, AND that they have sold.
Not saying that Solomon wouldn't lie like that, but you don't seem to acknowledge the assumption you're making.
Yes, all "intentions" in the settlement are worthless with Solomon's history of screwing people At least they got in the veto for dilution, but will they veto if/when Solomon drives the company in the ditch again and needs to dilute to keep its head over water?
Sadly it is not up to Fredly to execute. However, it will be interesting to see when and who they put on the board(s)
They do need to do it properly this time though. We have already gone ex date for that TRW-shares once after all...
This isn't about SIAF, but about professional investors. I wouldn't be surprised if Solly had (more) dirty laundry, but would Fredly risk it?
Highest volume of the stocks history is not correct, and although high (in terms of volume) still rather low in terms of money (i.e there has been plenty of days where more money has been traded in SIAF than those days).
Now it does look very suspicious, but this is a very illiquid stock so even a new retail investor might show up in the volume like that. Another thing to think about is whether those two professionals would dare to trade on inside-information.
I too want my TRW-shares That's the "safe" part for Fredly; even if Solomon continues to destroy SIAF, Fredly will have a nice share of TRW-shares. I've said it before, but I would rather have my TRW-shares untradable in my hands than in SIAF/Solomon's hands...
Unfortunately I sold my "extra shares" not too long ago to invest somewhere else, so $2 would still be red for me/for my original shares. That also means that I have given up on the extra TRW-shares, because there is no change in hell that I am going to increase my stake in SIAF after the robbery Solomon pulled of with the cancelled TRW-distribution
Nothing on behalf of us since the shares will come from Solomon, but too bad he/they didn't force Solomon to compensate ALL shareholders - that would have been precious
Yes, and he also said that he tried to gather forces to sue, but that no other major shareholder were interested.
We can only hope that his true motives are to force value out of SIAF (from the article it seems that he isn't happy that he had to sue), and not just grab as much as he can for himself.
The settlement covered in Norwegian newspaper today. Fredly even commented on it;
https://www.dn.no/jus/arne-fredly/oslo-bors/sino-agro-food-inc/arne-fredly-forhandlet-frem-forslag-til-forlik-med-kinesisk-selskap-nar-du-prover-a-lure-meg-sa-kommer-jeg-etter-deg/2-1-847015
So will the dividend be sometime in the future for the future owner of the shares? Is that why Solomon has to pay Fredly, for the lost dividend?
Can&should us old Merkur-shares-owners sue Solomon as well? Our shares did go ex dividend before being cancelled...
Someone is updating the website for a reason, that's obvious. The questions is who and why (including why now)?
Preparing for a buyout makes sense, and it might be worth putting some "lottery money" (or "gambling money") on that posibility, but I wouldn't put any significant part of my savings in it (but that shouldn't be needed either)
Does someone have a better explanation for the updates/changes for the website? (besides ignoring it or laughing at it?)
This doesn't answer the question why the started the lawsuit in the first place. I might be wrong, but if I had been a billionaire and got so fed up with a crappy CEO of an investment I had that I chose to file a lawsuit, I would spend a few bucks driving them out of business instead of spending money (although maybe less) to have the CEO screw me once again (although, a billionaire might have a very different mindset than me of course)
It doesn't make any sense why the plaintiffs would bother/risk all this for peanuts... If there is a link between the settlement and the OS increasing, then it is more likely the G-shares
I was referring to your post where you wanted us to spam the company. I think that will just lead to them stop updating their webpage so that we loose the little glimse of light that we now have and will remain even more in the dark as to what is happening.
If the signs of life means that they are indeed up to something, then I doubt anything we do will have any positive effect; they should have decided on a merger or dividend already.
Yes, we are kept in the dark, but we finally got a glimpse of light and want to squelch it? (until the company is 100% ready that is - they surely aren't going to reply if they are planning on something and need to prepare for it first)
I think it would be more interesting to see information unfold on the webpage while we're waiting, than be remain in total darkness
Wouldn't that just make them avoid updating the webpage until they are ready with whatever they are up to? I.e keeping us even more in the dark...
hmm So 14 days ahead of the deadline they filed for an extention? Surely they are working on something? Why else would they need to delay?
Under normal circumstances I too would have made that conclusion, but it just seems too convenient considering how badly they seemed to want to hide the results from the lawsuit.
Not much we can do than wait it seems.
Strange for a company that is going dark to issue PRs and trying to buy time with the exchange, no? Besides, I see the claim of going dark every time they file late...
When it comes to the reason for the delay I think it is BS. Sure, maybe there is a major issue with quarantining, but there are workarounds if the company really wanted to (it's not like this issue isn't something that they've known for quite some time, although they might have under-estimated how long it would last).
To me this seems like stalling. WHY they stalling I don't know.
I don't think your theory of them going dark is right this time either.
However, if I am to speculate, then Covid-19 might be a perfect excuse for them to delay showing us what's up with the lawsuit. Maybe someone wants to point out to the judge that we've heard nothing and that the reports now also are delayed so that we're still kept in the dark?
RD The updates this weekend contradicts the asset-swap, but copyright is still 2017 it seems. Is there any of the information on the website now that contradicts the status prior to the asset swap? (i.e is there any NEWS/new segments compared to what was before the asset swap? if so then that could be a major sign that the asset swap failed/has been reversed)
There's one major flaw in your theory though; we WANT them leave the US.
Interesting.
What we don't know is when Kaplan put they back on the client list. Would be interesting to know if that too was recent.
SEC might be too late - we're hoping that the signs we see means that they are leaving and hence a buyout-offer
Just an fresh example of a company doing something unorthodox when trying to buy out its shareholders (an indian company, not connected to HERB)
I find it rather encouraging that they reply to questions.
Has anyone tried to send them "neutral" questions in the past few years? (i.e is this something new/recent as well)