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The internet promoters might get paid too.
Putting out worthless scam shares it is good strategy to do deals like this at the time of issuance. Then there will not be that huge drop directly associated with the raise of share count.
Then more slowly sell the crap away and ihub goes bananas how awesome stock this is since it didn't drop much with this issuance and big amount of sales hitting the market one day.
Corporate structure spinning, cross-owning and poking is just scamming.
There is no Siaf technology or know-how, confirmed hobby level farming has had mediocre results at best, usually very bad. No commercial size harvests ever seen.
When will you guys learn that corporate structure fiddling is all smokescreen to keep your thoughts away from the real deal:
-Dilution
-No customers
-No harvests
-No competence
-No money
-No bank relations
-No future
"impose a violation charge on Sino Agro Food Inc. of NOK 700,000"
Shareholders will pay it. As always, when money is needed, they print and sell shares. At least they have an excuse now.
There is no value in "Tri-Way Industries" shares. This is pointless speculation.
If there was some real business or cash flow in TRW, they would have paid their debt with cash. Actually with the claimed businesses and profits they should have paid dividends to benefit Siaf owners and help Siaf and then pay their debt with money.
But in real life these two companies are just the sides of the same scam coin.
Yes, buying would be stupid.
There will be no dividends, as there never was a megafarm, never a megaloan, never any megadeals.
The cash dividends were supposed to come long time ago from Siaf and TRW.
You see, this is just a scam.
There's also supposed to be 790 million assets but they can't sell any and dilute for pennies instead.
Everything is paid in shares because it's a scam.
It's a dilution scam. Never done. It's what they do come on wake up.
There is no debt. There has been no profits from Siaf. They create illusion of Siaf profits by claiming it went to TRW. They create illusion of TRW having value by claiming it received money from Siaf. They create an illusion of shareholders getting something by distributing shares to you.
In real life no real money has traveled between Siaf and TRW. In real life shareholders are receiving 0-value and of course no real money.
It's an illusion, scamming and share printing from two companies which are in real life one and same scam.
TRW value is $0,00. Or maybe minus. It couldn't help Siaf, it didn't pay dividends, it didn't pay it's debt to Siaf. It was only used as an excuse where claimed Siaf income vanished and for share distribution trick. Unsellable, unlisted. It's busted already.
You see, it's just the other side of the same scam. Same BOD, same Solly, same "no money we pay in shares". All too familiar with Siaf.
No customers, no harvests, no bank relations, only shady share deals. Same, same, same.
And even if they diluted that much that they had money to do it once... They'd be real pissed wasting all that dilution money leading up to it for shareholders. They'd dilute with enormous volumes after that, people would sell after ex-date and the stock would crash. But I guess it will crash anyway... Just much easier and less drama to postpone the hope for the dividend indefinitely and steadily dilute.. Soon the share amount will be so high that dividend dream can be buried anyway. They let this sink in slowly for the last believers and dilute moderate 2-3 million per month. Of course at some point when the price gets lower they need to increase dilution to keep the same income. Then the true death spiral will start.
Read my previous post and you will understand why you are here and why soon much lower.
This share issuing ceremony was just absurd nonsense.
Dilution, being broke and not paying with real money still remain as the real life facts.
Empty lottery tickets were just for the show.
Two companies with no business or income.
A (the listed Siaf) and B the totally imaginary (TRW). Cross owned.
Both claim to make profits and claim to have big assets.
Shareholders see only value loss and no yield and dilution.
They claim to build capex on the other, it's getting very valuable!
That's why we have no cash and dilute!
Market doesn't believe. Remaining shareholders feel they are fooled.
Shareholders must get something more concrete. But it's a scam, what can we give? How about a ceremonial "distribution of shares" or "share dividend" from company B to the shareholders of company A.
Some believe, fake businesses seem more real when you get something!
Share goes up, management of this scam company duo does what they do best and prints and sells more shares.
Good business.
Shareholders got glimpse of hope, internet promoters some material get more sheep in the flock.
The overhanging cloud of lawsuits against the serial diluters and known reverse splitters evapotrates for a while.
Scam sells.
Dilution continues and from nothing they created a spike printing and selling shares more profitably.
And that's what they continue to do.
Quite sick really but these things have always existed, always somebody wants to believe...
There's no news about business. Everything is corporate structure paperwork and share printing and share issuing and crap like that.
It should be going down faster considering the reality of this being a scam and no proof of any cash flow.
Maybe they will be able to pay a dividend once sometime 2020 with dilution money to try do the pump, but even people gambling with this chance know the claimed underlying businesses are just a scam and all they do is tricks.
It's always a big chance to burn your fingers with a scam.
The sad part of people paying with this is that they support criminal activity.
Dilution is telling there's no business. It is not mathematics what used to be the value divided with dilution. Constant dilution has confirmed market's suspicions that there's no real underlying business. Management consistently prints and never buys. We never see them with customers, never see the harvests. Always see dilution.
The mathematics are: dilution doesn't stop + real value is not transferred to shareholders = it's a scam like so man other OTC penny diluters.
Triway value has not increased. It didn't pay dividends, it didn't help Siaf from the claimed cash flow, it didn't pay it's debt to Siaf in cash = it doesn't produce the cash it claims to produce. It's value should be heavily downgraded to scam category. And it's not listed so there's no real value to begin with. Management did what they could and gifted shareholders with worthless TRW paper. Didn't cost a penny to them. The answer is always more shares it's really getting old and pathetic and everyone should understand from that what's really going on and it surely is not what the reports and company ordered valuations say.
"Triway" is the same scam Siaf part2. Same BOD, same Solly, same "no money we pay in shares".
You can't trust any $0,55 batch stuff in their reports, that's just there to calm down shareholders while they fool them and print and sell their worthless shares.
They had cow dung fertilizer inventory that was more valuabe than the whole company value in their books. The reports are all BS. 790 million book value and CEO flies to Sweden to court with medelsvensson investors and dilutes for pocket change money. Should be way busier with clients and other stuff but these medelsvenssons are his customers they buy shares!
Scams don't get more obvious than this.
All major drops in shareprice been dilution caused. It is extremely hurtful to shareholders and it will continue, because this is a scam with no customers, no harvests, no other income than share printing and selling.
These typically go to $0,001 and below, it will happen to Siaf as well. They did a reverse split already, scams don't get more obvious than this.
Printing shares requires "debt". There must a reason to hurt the shareholders, an excuse.
Then again selling shares requires awesome fake assets and flourishing fake businesses.
That's why Solly appears "reckless" or "foolish" doing "irrational" things because there is huge contradiction if somebody believes the businesses and assets.
When truth is admitted that there's no customers seen or commercial harvests seen because it's all fake then there is no more contradiction and no more reckless, irrational or foolish acts.
They act completely logically for being a dilution scam without real assets or businesses. That's what you do try create stuff on papers and sell shares based on that. That's all there is.
That $0,55 is totally ridiculous, of course if they owe CASH MONEY to someone, they will get way less than current market price. Nobody settles for half the worth in shares these knuckle heads print all the time. It's a crap stock for dummies.
And Siaf owes money why? They part own "very profitable" "TRW" anf have been doing hundreds of millions in profits in the past NOT giving them out to the share holders.
The answer is: it's a dilution scam.
They have a million excuse why their big profitable businesses and big assets don't save them from bad toxic loans and share price depression.
It' all lies.
They lie to sell shares, if somebody believes and buys the share they have made a profitable business transaction selling worthless shares based on BS.
48,420,711 shares, going up. "Share dividend" was just a scam to pump the share price and they will be printing now harder than ever to make a buck.
Now it's time to dump.
They have absolutely no reason to dilute if their reports and businesses were real.
The management would be buying instead of printing if this was real.
Unfortunately it is not real. There's no customers for "TRW", no harvests ever seen. Same BOD with Siaf and TRW, same Solly, same scam.
It will always be about printing and selling shares.
They couldn't justify dilution if they had 100M bank loan. Therefore there will never be fake bank loan and surely never ever a real loan. They need to make their books close to zero so they can say "no money for you shareholder". Very big business, but no money.
That's what they always say, that's what scammers do.
They have no business, no customers, no harvests.
The only income is share selling based on fake books and scam moves like we just saw with this ridiculous "share dividend".
All BS to print and sell shares more effectively.
It is a dilution scam. Yes he will issue more shares. It will never end. The company has seen a reverse split before.
There is no business, no customers ever seen, no body ever believed their book value, nobody has seen a commercial size harvest. It is a scam.
Making up things to sell shares.
Reports, and "share dividends" and filings and endless BS. To sell shares.
Only thing that is real is their share printing and selling operation.
Internet promoters explain dilution away, that’s number one job keeping the scam alive. I have to admit i have somewhat underestimated how good the guys at the “company” are at scamming. The idea of scandinavian listing and selling this to us blue-eyed people is fantastic cause its new in scandinavia and instead of default suspicion its default belief. And recruiting local promoters, thats nice scamming really. Truth will win eventually but they can make millions, just in otc i think this would be much lower and latest trick would not have worked as well. Amazing entertainment to watch this dead cat scam bounce. My hats off to the guys running the scam. they do a decent job!
Recruiting scandinavian promoters and Norway listing to fool blue-eyed scandinavians was clever. OTC scam stock is new thing there and silly announcements sell. Fake dividends "share dividends" all kinds of basically free stuff to pump the share before dumping the share.
Have to admit they are clever in their scam moves.
Dilution will continue. No business, no customers, soon the down fall will continue.
47,702,949 shares pump & dump! Dilution sales continue with slightly better margin... ...until everybody sobers up and downfall of the double empty shell company pair continues. I wonder what they think of next and who will believe?
"TRW" couldn't pay debt or dividend or help Siaf. I'm astonished now that it has been confirmed this side-Joe scam for Siaf has been proven broke Siaf shares go up.
Same BOD, same paying with shares, same Solly.
All along Solly has been in charge of "TRW" and used it as a scapegoat why there's no money anywhere.
And same continues..
Corporate structure, filings and big numbers on reports.
Money nowhere to be found.
Customers never seen, harvests never seen.
And instead of money unsellable shares make Siaf shareholders happy after 98% downfall. =D
I'm astonished as well.
There's already 790 million value 16 dollars per share in Siaf is somebody wants to believe. Nobody does of course.
"TRW" is no different.
Siaf owns 1/3 of TRW already. Worthless so far.
Siaf share price should be $ 16 from the books. It's only 2% of that.
= Nobody believes what Siaf/TRW/Solly says.
This is a well known mess of avoiding to show money, business, customers etc. replaced by worthless papers, spin offs, filings and reports.
Scam at it's purest.
Because TRW can't pay debts, can't pay dividends, it pays with stock.
Sounds like Siaf doesn't it?
We just got confirmation they really don't have money which probably is because they have no business.
Now you will get shares of this company that can't pay debts, can't pay dividends and can't be sold cause it's not listed. How lame is that?
Imagine this: instead of this 60 million vanishing trick TRW would have paid 10% of their debt to Siaf like a decent company. That's 6 million. Siaf uses it 50/50 for own debts/cash dividend.
Soooo much more trustworthy, much better reaction from the market and actual dividend! Not to mention they would have paid half of the debt...
But no. Same BOD, same Solly, same big numbers on paper but cash vanishes.
Nothing has changed.
USD 62,338,065 that vanished is the story of the day.
USD 62,338,065 that vanished is the story of the day.
I don't understand why share is up.
This confirms there is absolutely no money in TRW either, so the Siaf/TRW is for sure totally broke entity.
Nobody gives big chunks of a highly profitable company over some debt.
This just proves there was never any money going from Siaf there, no money ever made in TRW. It was just smokescreen to flash those numbers, just to keep people buying shares they print.
One more step to the absolute certainty that neither company has any income or money.
Share price should be down IMO.
There is no pay day. That's confirmed now. Once again they took the scammers worthless papers, flings, reports way out and give nothing.
Pathetic.
In lieu of = instead. No money will be paid. Only worthless paper.
Scamming 101.
"TRW elected to exercise the option to distribute TRW common shares in lieu of paying a cash dividend"
"TRW" desk drawer company didn't pay it's debt, didn't give cash dividend, couldn't help Siaf in any way. Proven scam already. No business, no money. Now Siaf owners who were betrayed get the shares of the very broke unlisted scam company that betrayed them. Siaf owners have now two different kinds of worthless scam stocks! =D
$0,00.
Ceremonial distribution of nothing.
And Siaf owner owned it already.
Another shady scammy thing costing nothing to the company to keep dilution wheels rolling.
Pathetic.
Over 600 000 shares sold.
Clear dilution sales, i think Zero was right and there will be more and more and we ain't seen nothing yet.
Something weird about the sales, the price falls slightly with 60 000 and 600 000 volume the same.
Somehow all of the sales can't be true buyers, seems very odd that Merkur could absorb shares so much better than OTC.
Soon under NOK 2, dilution sales in Norway now. Yesterday in OTC.
Who wants to believe in fruit trees? =D