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.
Answer: they are real and they got fooled.
I answered already, you disregard the answer every time and then change the question to even more nonsense and claim I didn't answer.
Siaf needs this time after time, with every Q report they need explanation why there is no money for the shareholders and there is dilution.
I'd suggest little bit of research on their Q-reports from last 3 years.
Enormous profits compared to share price now.
List the reasons with every Q-report why no money for shareholders, why dilution instead?
Put all the reasons together as one big list of excuses.
12 Q-reports, 12 sets of excuses why no dividend and for most part why dilution.
You will see how ridiculous and absurd it will look like. Success doesn't barely escape the shareholders every time. There's just nothing there that could ever be a success.
When did these tours take place? Not this year anymore I'm sure for any investors. I remember seeing those photos, maybe 2015 and 2016? 2017?
On the average what they were shown, if they believed it's something great that will propel the share price up from those days it means those guys lost minimum of 90%, probably over 95% of their investment if they hold onto it until today. And it was supposed to go up!
Fooled? Yes.
These things they were shown have not produced any profits for shareholders, no dividends, no buy-backs, no sellable assets, just dilution and share price death spiral for no apparent reason. But of course there is a reason.
I can walk you to the Eiffel Tower, claim it's mine and sell you shares to the business. After 2 years share's are down 95%, i print and sell these shares to anybody, never buy them myself. So you suspect me of fooling you. Is the proof you want that we go walk at the tower again, preferably when it's closed and nothing happening there?
See my message below. That explains everything you need to know about Siaf.
You want answers to irrelevant questions that in your mind prove something about my arguments.
Your questions are not clever and when i answer you start arguing and insisting to get some other answer and to distract from the point.
Q: "are they liars?"
A: I answered already they were fooled and they lost their money. Shown cheap things, given big ideas at simple concrete ponds, shown fanciers things that were not even Siaf property. Who knows exactly how they were fooled, all we know is they lost their money.
They believed other people's lies, i wouldn't say they were liars. Just got fooled. Like you.
Perfect example of dishonesty.
And people laugh at me when I say don't read their reports, it will distract from the truth.
The reports and publications are done to aid sales of the newly printed shares. That's why there's so many promises of dividends of various kinds, corporate re-arrangements and filings and this kind of complete BS to lift share holders spirits.
Nothing that truly benefits share holders has ever happened.They have absolutely no shame writing just about anything to manipulate share price up. Or I should say manipulate the share price not to drop so fast.
100% sure, 97% loss.
They *were* sure and later on found out things were not what they explained and showed.
TRW distribution is a fantasy on top of a fantasy.
They were supposed to do that loooong time ago already and TRW imaginary value is not reflected from Siaf shares in any way. Same unbelievable stuff.
5cent cash is fantasy still, you were supposed to get cash dividend from TRW as well, didn't happen.
What is NOT fantasy is 50% dilution this year. That really happened. That is same as -15 cent negative dividend from current share price.
You have no idea what they get per share, obviously not much since they are broke selling shares less than 2% of the book value on weekly basis for the whole year of 2018. That's as pathetic as pathetic gets.
There's no mystery with the share price. It is a diluting company who sees their own assets value less than 1,5% what they claim. Nobody else should pay more than that either. And obviously they have no money since they have to dilute.
So: What premises were shown, what was their real value, were they even their properties?
The share price and dilution gives you the answer.
Handla
What happened to the investments of those who got "a tour" there? -90%, -95%? Lost almost everything, didn't they?
Do you think they got fooled?
Why they don't get a loan from a bank that sees their big cash flows?
Do you know they actually have any, where's the proof? Why dilute and get toxic loan at 1,5% of book value shares if the have cash flow? To me it looks like they have no cash, no cash flow, and no bank relations.
The company management may have bought some auditions but they themselves make a very clear valuation of their assets: good business to sell at 1,5% value of what they claim. That's what they do. And they know best.
They have delayed megafarm, megaloan, megadeals, trw cash divididend, trw share dividend.
Actually they have given share holders nothing. That's why it's $17 -> $0,3.
They have nothing, so how could they give something?
Once again they have excuses and explanations, but no money now?
This "dividend policy" is not binding, it's just a trick to stop the share falling further down so they can print and sell shares more effectively.
They surely don't have money for it since they are diluting.
It makes no sense at all dilute at 1,5% of the book value and issue cash dividend. That's 98,5% loss for the share holders if the books and businesses were true.
But of course they are not.
Maybe you get paid with money diluted from the stocks you own, maybe not. Surely it will be one time thing because second round the printed share amounts to pay dividend for the increasing share amounts would become overwhelming.
So this is the last "trigger" for Siaf shareholders. Fake dividend at. max one time, then it's the final chapter to zero.
Something looks like a scam, smells like a scam and dilutes like a scam...
...it's a scam.
It doesn't make any sense until admitting it's just a scam.
Then their actions make perfect sense.
Broke people faking to have 790 million farming empire selling shares at 1,5% of the invented book value making good money based on just a faked business sounds sensible for the sellers. It's a good business.
People really having 790 million farming empire selling shares at 0,015% of the book value is just insane. Nobody would do that.
There's no profitable diluting companies.
If they would admit that they need money because they aren't, it would make them slightly more decent.
But it's just an obvious scam.
Not a smart one.
They don't even care.
To make greed win common sense.
Siaf is P/B 0,015 and P/E 0,08.
P/B is calculated from last Q report, P/E is from finance yahoo.
These facts are for unwary people about to be scammed. There are no companies with these kind of "facts". They are ridiculously high so that greed would win all the obvious signs of scam.
Real life facts are terrible. The number one real life fact is the dilution.
They dilute the share with no benefit to share holder, so Siaf shares have negative investment value.
They have broken each and every promise and created just negative owner value. From staged looking locations and prawns not growing to the slimy diluting CEO with stupidest excuses ever.
It all looks, smells and dilutes like a scam.
This is not a company and man who has 790 million dollar farming empire. These are actions of a scam artist.
Somebody learning their stories and reports and "facts" is just completing a master class in how to be completely scammed. it's worthless information that has the sole purpose of scamming money from from investors. To make greed win common sense.
You are inventing triggers again, and they will be revealed as huff and puff and just hot air once again.
They always have been, they always will be.
You see it's just a scam.
And I will be right again.
Nothing that wlll actually increase share holder value significantly and permanently will happen.
Dilution will happen.
And these "trigger" things they are just paper pushing at best. They will never happen in real world so they actually benefit shareholders.
That's how it has always been, that's how it always will bee.
My prediction: more dilution within next 2 weeks.
The company is using same pics and videos, no harvests, no customers. Just footage around same quiet farm. Not impressed.
More importantly same real life actions: dilution. Should be distressed.
I expect more of the same.
If they could sell, they would have sold. If they had money and success, so would the share holders. But it is what it is.
New idea every week. =D
NONE of them have ever materialized. 0% track record with these.
This week there will be mini loan for a imaginary division of a desk drawer company.
Last week you said they will sell SJAP or was it some other part?
What's next week?
There's no shorts around this company, it's a dead one already.
"Mini loan" instead of mega loan? =D Mega loan, mega farm, mega deal, dividends in cash and shares, each and every one has failed.
Only scamming and dilution in real life.
Now we should believe in mini loan?
LOL, no, there won't be even a mini loan.
Everything will be be dilution based, these guys have no bank relations.
We can be quite confident that only thing they have succeeded in which is MEGA DILUTION, that will successfully continue.
The best predictor of future behavior is past behavior
-Dr. Phil
=D
Sure has worked with Siaf.
Promise-delay-betray ..and start over... a new even bigger promise-delay-betray...
And lots of dilution in between, they accept it because they wait for the next big thing which is sooooo big the dilution seems small compared to it.
Scamming 101.
After all credibility and money is already gone they might change? Yup.. Suuuure they will...
You need to sue them and the judge will decide.
Not doing anything they dilute share holders to $0,00.
They are diluting share holders ownership of the company. If you bought 1.1.2018 you have lost more than 1/3 of your value already this year. Practically in the real world more than double that in share price plummeting.
They have no good excuse what purpose this is for.
Why as a shareholder you defend and tolerate this I don't know.
It makes me wonder do you just promote this and not own really.
It is extremely harmful to share holders what they do.
That's not a problem, that is an excuse.
The problem is how can they print and sell shares like this, definitely illegal if brought to any court of law. With these "valuations" from magicians hat it should be a crime that the management is NOT buying but print shares instead.
Well.. ..it is a crime actually, but they have the mellowest share holders any company has ever had... So they can just keep doing it...
Isn't he the one directly benefiting from the dilution? Lends them money and gets shares in return. Of course he or his group or whatever sells them.
Why on earth would you think in the first place he is on your side?
The rotten scam core of all of this is printing and selling and somebody paying for the printed stocks. At 1,5% of the book value.
They act against logic consistently.
Only when you admit it's a scam it all starts to make sense and you can predict more accurately.
Because it is a scam there is no A/S roof. It is their business. There is no other income, if there was, they wouldn't dilute.
So I predict they will be diluting in December and they will be diluting this time next year. You'll see.
"This is pure speculation from me side based on the following:
We still have a few million shares left before hitting the A/S roof. Both Garret and ECAB would like the SP to increase significantly from here. It would be extremely stupid to even consider to increase A/S before they release a trustworthy plan regarding the Trw distribution and a share count policy."
What conclusions you need to draw from this massive dilution is that it's their real business. CA, TRW, it's just the front of the scam. They play big numbers to fool shareholders buying this stock they print and sell.
"Siaf builds capex for trw and therefore doesn't have cash but Siaf AND trw makes profits".
What that means is that none them makes any profits and the businesses are not real. THEY HAVE NO MONEY. It would be against all logic and totally insane to do some murky capex building with company destroying dilution money if they really had great awesome businesses like this. But they don't. This is how they scam.
If these CA and TRW and Siaf own businesses were real and profitable they wouldn't need to print their shares. 100% sure, 100% logical. They wouldn't need to anything but make this believable and share would go up 1000%.
You need to wake up from this bad dream. There's been a heavy brainwashing here on this forum by 2-3 members with thousands and thousands of messages they have led people really deep into this scam against all logic.
You have to reclaim your own logic.
Dividend policy is non-binding long term idea what percentage of its profits a company aims to pay as dividends. It is not for announcing exact $ amounts for the near quarters. For those you set binding declarations, which Siaf has not done of course, no exact dates for anything. Nothing is binding.
The way I see it Siaf is abusing this non-binding policy to put out $ amount numbers to manipulate the share price, to get shareholders waiting these amounts, that's all that it is.
People again having trouble understanding why they do this at this valuation and having no cash.
And once again it makes perfect sense to me.
This is how you manage a scam. Well done.
What is missing regarding some of the Siaf associated companies that seem to be real is believable evidence that Siaf has rights to income from there, or that Siaf has something to do with them in general.
Solly goes to Stockholm sweet talking with investors, a thousand pictures and stories but he is never seen with any reputable customers. Never seen with commercial size harvests. Furthermore he is diluting and selling his own company shares at 1,5% of the book value.
It is all very scam oriented.
I'm not missing details, i'm bringing up major flaws, red flags and warning signs.
"We" refers to the divided attitudes here. It's been mostly all positive blind faith from NOK 17 to NOK 2,xx in front all of these red flags. Only a handful of people (we) have been taking them seriously and predicting with some accuracy and seen where this is going.
Share price is down because of the problems we point out.
The company has P/B 0,015.
It takes a - how should I say this nicely - unique person to believe that is true.
We have been telling here why the "B" part of it can't be true. And because it's not believable the share price is down.
It is not us who rave about the share price, it is you. Others market this with the "cheap price".
We are telling why it is not cheap.
Raving about this being cheap is just fluffy marketing of hopes and dreams that a scam will go up.
We have been right, our statements have been on the point, not fluffy.
It's been like this for a long time already.
Since the article was written it has come down 85%.
These figures are the best I have seen with any company ever in the world. I think they are even better now. =D Such a shame they did such a silly thing and started diluting!
Or maybe it's because all the facts are NOT correct?
https://insiderfinancial.com/sino-agro-food-inc-otcmktssiaf-is-a-hidden-gem-among-small-caps
"If this is the first time that you are reading about SIAF, then the most significant item to know is that the company is very undervalued, and its book value per share is 11 times its share price as of July 18, 2017. Furthermore, it shows a profit margin of 32.16% and double-digit returns on equity and on assets. That’s not all; SIAF knows that the market undervalues the company and is making moves to boost shareholder value. The spinoff of Tri-way Industries is a clear example."
97% down and ignore works. Nice irony.
It sells at 1,5% of the book value and they dilute at that too.
These are the real life facts. Your logic says believe the papers and promises anyway. Mine says they are busted.
One of the most impressive pieces of evidence is him admitting they couldn't grow prawns adult and having multiple problems and lack of success with fishes also.
And answer to a forum members question what he is doing was that basically waiting for the loan just trying out some things now.
Apparently he wants to avoid being any part of the reported awesome success elsewhere.
Elsewhere, where he isn't located there's amazing success, huge xxx megaton productions and profits.
Once again real life contradicts with the reports.
Why he sticks around i don't know. Maybe current job isn't good reference to get the next one?
Based on no clients, no harvests, no money, dilution, market agrees p/b 0,015, etc, etc.
You base everything on their reports and real life does not support those beliefs.
You have one piece of evidence. Blind faith in their reports. We have tons of evidence from the real world.
---------------
The whole debate is that are the "facts" in the reports real facts. We have shown tons of evidence how the reports and the company actions don't make any sense with real life observations.
They print and sell shares let's say at this $0,55. 14 million of those x $0,55 is less than 1% of the book value. This year alone that amount, 1/3 of the shares of 1.1.2018 shareholders have been diluted away to get that less than 1% cash amount. Not even specified exactly for what. And doubtful it's really $0,55.
They even claim making profits while doing this, it's just that the profits conveniently need to be "relocated" somewhere else.
I feel in a court of law that could be used as evidence that the books are not real regarding their assets or profits.
No sense using dilution for those in their situation, even less sensible to sell something so valuable so cheap. Company actions make no sense with info they publish.
The reports are misleading the ones who are susceptible to them.
Nobody will except almost 100% overpriced shares as payment of anything. Or you have to give double the amount. Doubtful there have been any payments, it's a scam. They paid who what? Why not use their profits? It's rubbish. Just as the profits column is (otherwise they wouldn't dilute in the first place). In reality you have no idea at what price the shares have been sold and to whom.
You have been predicting "the $0,55 batch" will be finished how many months now?
According to their reports the company has no cash hardships at all. Profits are claimed but money is transferred somewhere and they need to dilute but it's "very smart diluting" at $0,55 for "three unrelated third parties for repayment of Other Payables".
Come on, wake up!
That's just regular scam work to mislead investors.
After 97% down and the what was supposed to be dividends and results is turned into heavy dilution.
..and..
"results or lack of it IS COMING"?
I think results came already.
Can't escape into future time after time..
Also losses are losses because management of the company prints and sells under current share price. Actually they always are when they get significant, 5-10% changes yes ok, but not 90%. Those are lost money.
Of course there is always possibility of speculation and fake news, but real turn up is not coming. Otherwise they wouldn't print and sell like there's no tomorrow.
And I don't care what they do with their money. I care about them misleading other investors.
Handla you lost more than 80%? 95%?
Just tell us the truth.
I have been here since NOK 17, you were here already. I have not lost any money, i never invested in this.
You have invested, therefore you have lost.
You have been wrong here since NOK 17, I have been right.
You turn all the facts upside down and live in denial and delusion.
Down 97% in 3 years. 70% this year.
The worst performing stock in Norway 2017.
Every stock is better deal than that.
Rich and famous diluter. =D
I explained what he does and you deny the reality.
Shareholders have lost their money, he makes some by diluting.
I'm saying he knows best and he feels it's good deal to sell at $0,30 minus discounts.
He wouldn't sell at if he knew the real worth is $5 or $10 or the full book value.
I'm not imagining he does this, it's not just your nightmare that he does it. It's the reality. He knows and he does this.
Why should a shareholder dream about $30 prices if the one who runs it and knows best sells at $0,30 knowing it hurts even that value and don't buy any?
He happily dilutes at 1,5% of the book value. He knows the company best and does that.
Nobody will sell $30 shares for $0,30.
Neither does Solly.
He sells worthless shares at $0,30.
That makes sense.
He knows there is no way to get this stock go up significantly.