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lol Yes, I were just about to post that I'm up 5% on SIAF today...
Geez, this starts to become scary. Gold just took of (in NOK) from an already ATH.
If Solomon hadn't abused his shareholder-family I thing SIAF might have been one of the very few stocks that increased during this crisis; people have to eat, and "guaranteed" safe food should get quite a lot of more focus now.
To bad Solomon has a proven record of destroying shareholder value
I considered a put option four months ago - with a duration of one year - but one option cost 5k$ so I didn't :(
I did sell a CFD at 225 for boeing yesterday though, but with play-money so I'm only up 70$
For SIAF I'm actually up this week I believe, withouth trading, because my local currency (NOK) took a major hit with the oil-price... Appearanty that's the only way to get value from SIAF - currency depreciation
With all the abuse shareholders have taken through the years, I find it very likely that many will take the opportunity to get out (fully or partially) if we get a substantial jump in PPS - even if there is good news.
The resistance the PPS had after the ECAB-deal will be repeated if there is a Fredly-deal. I would expect even more resistance considering all the lies and heavy dilution since the ECAB-deal.
With anyone else than Lee steering we would have gotten a huge jump on monday, but Solomon has never seen shareholders as part of the SIAF-family so nah.
A question they don't adress is whether this will actually lead to cash-flow; will they give 180 days for settlement for these profits? Will AR continue to rise like with TRW and never be paid? Solomon has so much to prove before we deserve an increased PPS
However, the stalling does seem to indicate that there indeed is some sort of deal done/going on, but whether it is diluting the heck out of us or if it is a golden deal (for all parties involved - it is possible) remains to be seen.
hmm It seems that Fredly finally had had enough of Solomon, and/or that he thought it finally was time to step in more actively. If that is the case, then I doubt they would withdraw the case because of some minor fees (minor for them). Either Fredly should help (force) Solomon to turn SIAF around, or he should spend a louse million to take him down
Or he could get the TRW-shares - that the only thing I'm concerned about regarding the lawsuit (i.e if they settled it - for themselves and themselves only - by getting TRW-shares)
What about the Heng Ren partners? Are the cut-throat investors who would throw their fellow shareholders under the bus, blood-seeking revengers who will not stop until they have solved the issues for all shareholders, or someone who will try scare-tactics and then fold as soon as Solomon saw their bluff?
It is hard to make sense of anything with this company, but my guess is that Fredly got involved because he wanted to turn things around and/or wanted to put Solomon down (he "only" invested 5MUSD or whatnot, so I don't think he cares too much about loosing the money itself).
From my understanding Fredly bought shares after the dual-listing, i.e the information he got was that Solomon&co got a compensation of 15k shares (or whatnot) per year. That is a gross misinformation compared to the 370k/PPS (or what it is) shares he is entitled to. I can't understand that this could pass in a court of law.
Also, this must be the easiest case in the world to prove gross negligence. If they can't win a lawsuit against, then noone can win a lawsuit against any stock company.
What we do know is that they had (or at least should have had) Solomons balls - assuming he still has any, and that they completely let go without any chance of reposessing them (hmm). I can't imagine that Fredly&co would have done that for nothing.
Also, does Solomon have any trust/credibility for a gentleman's agreement with them? After all that he has done, lied and procastinated I would guess no. I.e my best guess (which might not be good) is that they have struck some deal in writing, something that's good enough for Fredly&co to let go of the lawsuit.
What can that be?
1) Shares in SIAF? Nah, not only that at least. Not even peanuts for them, but a lost reputation that would hurt their other investments
2) Shares in TRW? Maybe, that is what we all are after, but as a compensation? Probably not
3) For Solomon to give up control? Ideally, but Fredly isn't the one to take place in BODs (from my understanding) and would Solomon do that?
4) Get rid of the compensation-scam? Maybe. That would mean that Solomon hurts himself just as much as he hurts us from the dilution
It does seem that there has to be a financing deal for SIAF to be able to turn around. I don't know if Fredly would throw more money after SIAF, especially after all the lies, BS and carrots Solomon has served through the years, but if Solomon would use his ears (which we know he doesn't) then it should be incredible easy for Fredly (or anyone like him) to help Solomon turn SIAF around.
Care to share the links you base that on? He is doing the opposite with Hunter (virtually all profits will be plowed into dividends)
I don't think there is a reason to dislike Fredly. Personally I hope that he indeed was involved with the lawsuit and was able to strike a deal with Solomon, but we probably shouldn't get our hopes up - as always...
Based on pure speculation I assume?
He went to the media after the massive write-off that SIAF did - wasn't that at FY 2017? My guess is that he sold his shares between that and the lawsuit (assuming that he has sold his shares that is)
Have you looked at the growth rate of the growth rate? I haven't looked into the details myself, but saw someone put up a graph of the growth of the growth rate, and that rate was declining.
Still positive, but down to 1 percent or whatnot. If that is true then it shouldn't be exponential anymore, and we might wee the peak soon.
This might assume that it is somewhat confined to China.
That doesn't make sense. At least if I were a billionaire and had lost 90%+ of my stocks caused by a liar, then I wouldn't take a few shares (which probably is only worth a few percent of what he lost) - if I had taken the effort to go through a lawsuit (which I might not have bothered with), then it would be to take down the scum - not let it of the hook...
The only thing of value, other that Solly stepping down, is the TRW-shares...
Solly is probably trying to beat Herb
The dismissal of the lawsuit makes just as little sense as the lawsuit itself; why would Fredly join forces with shareholders? And why would Fredly dismiss the lawsuit?
If I were a billionaire and felt I got fooled by Solomon, I surely wouldn't dismiss a lawsuit until 1) Solomon was taken down, and/or 2) I were sure my (former) fellow shareholders were taken care of. As of today neither seems (...) to be the case - but something has to be up I guess.
For a normal company this would have been "good" news, i.e the "also due to a couple of important questions being submitted quite recently" could be that they want to adress the increased AS and OS in the Q&A (not that there should be any need to postpone the Q&A because of that question) However, even if Solomon addresses this issue we can't really trust anything he says anymore.
Regarding the "Sino Agro Food Inc. and Tri-Way Industries Ltd. are engaged in a previously scheduled planning session to evaluate strategic alternatives" I am curious whether this is Solomon and Solomon, or Solomon and the TRW-partners
If Solomon had any credibility left the raise in AS could be explained in the warrants-to-be from the preferred shares.
Unfortunately he has proven to not be trustworthy (cfr the TRW-distribution and then blaming it on TRW), so even if they try to hide behind that explanation we should be very wary and keep an eye on dumping. It also doesn't explain why OS has increased.
So another 20% dilution coming up? What a nice christmas-gift. Thank you, Solomon.
More fodder for the lawsuit
The problem - which you know - is that the TRW-distribution were supposed to happen three years ago, and that Solomon has cried wolf several times. Why should the market suddenly believe Solomon and start to value TRW when Solomon's actions seems to show that we never will get the TRW-shares, that TRW never will get listed, and that the TRW value never will be unlocked.
Solomon went to far last year, and trying to blame TRW for the mess-up wasn't helpful.
Solomon has made sure that earnings are irrelevant. And they should be irrelevant until the TRW-distribution is done (or at least the first batch) and people see that the value will be unlocked - what purpose is there for us if the value never is unlocked?
Well, you have to remember that Solomon nothing to do with TRW, so if TRW announces something incorrect then Solomon can't be to blame
Not a good sign that the vultures start to appear...
Because the number of SIAF-shares have doubled
Doesn't really matter whether they have to file or not, and whether they believe/know it or not. As long as they don't file, investors will not have faith and the shareprice will suffer
The F-1 they were almost done with several years ago? Do you think they messed-up big-time and tried to by-pass the F-1 (after preparing it for quite a while)?