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Investing rules broken: diversify, high risk needs to be low stake, only invest in companies with good management, only invest in what you understand, only invest in honest companies whose books and actions seem fair and true, etc.
All in Siaf is the stupidest possible way to invest, totally reckless and based on simple greed thinking investing is gamble not investing.
I'm afraid your friend got what he deserved, he made horrible choices.
Last and biggest mistake he made is he had chance to get out for long time but not selling when down, no stop-loss, it is perfect display of how NOT to invest.
Stupidest thing is to hold. They dilute. You can only lose by holding.
40% dilution this year already. Imagine when the fake dividend news wear off? This should be 40% lower than what it is now at least. It is good time to sell before year end catastrophe.
They are diluting more fierce and openly than ever, they don't hide it's a scam and fraud.
Really stupid to hold this, makes absolutely no sense.
Eu population density is > Africa and not that far from China. Off-topic but true.
Golden eggs LOL indeed. Have to understand this is the main marketing channel for the scam.
Matching the level you were with zero. Enjoy summer and dilution.
Those who believe in that are ting-tong, is that good enough reason? =D
What was the O/S 1.1.2017?
Can you please explain this in a language Joe Sixpack understands?
Yes better deal Nigerian prince needs money out from country. Only send him 1000 euros and you will get 1% of 600 million dollars.
With Siaf have to pay 15 million company value to get all 600 million company value. Nigerian prince needs only 1000 euros!! Much better!
And everybody gets rich really, same like with Siaf.
Or maybe i got the values wrong because Siaf and TRW and everything is so many hundred millions?
But anyway, very good deal all these, almost same!
TRW needs money from Siaf because they can't grow prawns adult either and have even less money. Siaf prints shares and gives money to TRW so they can buy a new used boiler in 2025. Then shrimp and prawns grow almost adult maybe.
Similar companies but not the same!
There's own page for TRW scam here: https://investorshub.advfn.com/Tri-way-Industries-Ltd-32056/
This forum is for Siaf.
Nordea will probably give $100 million loan!
$ 15 million market value chinese company that is -95%++ down, has toxic loans unpaid, dilutes and can't grow prawns adult and is probably facing legal class-action lawsuit, that's a winner combo! Maybe they can ask for 200 million!
It has been in its final stages for one year.
Company that dilutes it's shareholders to get a few thousand bucks in their pocket for basic expenses and possibly to steal some of it will certainly never ever in a million years get any "megaloan".
And they have proven their incompetence in the business, have toxic miniloans unpaid, can't even pay those. It would be a complete suicide mission to give these guys a real bank loan. Absolutely zero chance to get that money back.
100% sure no loan.
There's dividend yield if you get dividend. Amount of shares is rising and dilution is the exact opposite of dividend. That's what's rally happening.
You didn't get TRW dividend either, was supposed to be a sure thing.
If they cared they would just stop dilution. But of course it's just a game. Dividend announcement costs nothing and improves the income from diluting. And they sure like to dilute.
All the major drops in share price have been because of dilution. The company has done everything by itself.
Why do you accept them diluting?
Without the positive promises and speculations he might have sold 25% when -15% and then again -25% and rest maybe -35%. That would have been wise. That shareholder is now down more than 90% BECAUSE OF THE POSITIVE LIES. He froze in front of the "$100 party" etc. and huge promises that were not true and he made wrong investing decisions that caused him deep losses.
It is not wise to ride down death spirals of suspicious Chinese agricultural stocks that dilute and forget stop-losses and other basic investment rules.
Negative dividend of -5% every two months by dilution. That's the current "dividend plan". Paying the dividends with dilution is going to be awesome because we will move probably to about 5%/month dilution because of it.
And if this was a real company... They would just stop dilution for two months, there's your 5% dividend. Much more cost effective investor value care.
But of course they will not stop dilution. It's their business.
Dishonesty rewarded.
There' no such thing as a stock that makes $0,17 in Q1 and has $20 assets behind it and it is sold for you $0,40 because every other investor in the world is stupid and you are the only smart one that understands that it's cheap.
ALARM!!
You are being scammed.
Believe the reality, not the reports.
It's down 98% in 3 years.
All claimed assets, wins, corporate structure changes have created only loss of share value and dilution.
The dilution is because of lack of real business/cash flow.
Most people agree that they have produced no harvests of their own and their assets are considered fake by the market since it trades at P/B 0,02.
Everybody thinks the management is bad.
Why would you invest in something like this?
99,99% of the companies in the world are more trustworthy, transparent and profitable for the shareholder.
It would be completely irrational to invest in Siaf.
Dilution first, reverse split second. Then pay to split and diluted shareholders effectively 0,01 cents dividend. 6 months late of course. =D
And people don't realize it's same as before. Vague big hopes in the future that can't be fulfilled *now*. Like megafarm, megaloan, megadeal.. TRW dividend, buy-backs...
Requires huge dilution, please understand....
Again we have same situation and we will have the same result as well.. ..disappointment...
But smart move, probably gave extra 3-6 months more life to this scam.
Exactly. Nothing's changed, they needed this distraction to stop the lawsuit and lift up PPS. It is only words, and 100% sure always before, shareholders will be betrayed.
Soon we will see heavy dilution and shareholders will accept it with no law suits because they THINK they can get the dividend.
No-way, not going to happen.
If you want to issue a dividend, just issue it and set the date.
INTENTION with NO DATE in Q4...? =D
Once again Siaf has done it.
You fell for their next move already. And they didn't have to pay anything. Just "announce".
Why announce now dividend for Q4? Because they had to, they did this to stop the lawsuit. They put shareholders waiting holding on to their stock.
*Announcing* dividend on a later day that is not set means they don't have the money to pay it. In january lots of angry people going to be asking where's my dividend...
And what company announces dividends for 2019 or 2020?
I own about 30 different companies none of them have announced dividends for 2019 or 2020.
This is just words, it costs nothing to announce something like this and people believe. It is not based on their results, they are still penniless as before.
Going to be interesting times how they explain themselves out from the dividends.
All the major drops in share price have happened because of dilution. Is that a lie or the truth?
Do you think there's a chance for lawsuit to be fruitful if done properly?
When they announced that they gave assets "worth hundreds of millions" to another company TRW the shareholders should have been paid pretty much immediately.
Them failing to do it is totally dishonest. Adding insult to the injury they now tell shareholders that TRW eats Siaf cash.
That's the most amazing BS ever.
I think that alone is enough to make a case.
Then you add loan sharks and dilution.
Good luck i hope and trust you get justice if you just have smart enough lawyer who undertands the scene there.
Yes discusses dividends, satellite images, report fake facts etc. with other accounts (he has?), weird to see them complimenting him.
I find it hard to believe that real people thank and compliment for totally wrong and harmful advice causing financial disaster.
Once we cleaned a forum because it was getting weird, we found one guy behind it, he had about 50 usernames there.
If not person mentioned, i'm pretty sure somebody plays that game here. The positive spam is too much considering reality. In general for what pile of crap this stock is, the activity and attitudes have been too high on the forum.
Siaf shareholders entitled to 0 dollars.
It's just a scam.
Nobody believes these lies anymore. Just focus on what Tony does and you get to the truth. He is idle. He gets no money. He is not farming. The company heavily diluted.
Flat broke, no business, no harvests, no banking relations, no nothing.
Only sure thing to happen is more dilution.
All the photos from the beginning about THEIR OWN production has looked hobby farming and very quiet.
Like i have said from the beginning, it's quiet, no trucks, no customers, no harvests.
Tony even admitting now that he is idle getting no money for it.
Solly saying they can't grow prawns adult under roof.
Obviously it is just a front.
On paper they have the "megatons", but that's just BS, no money ever reaches so far it will benefit shareholders from those claimed activities.
So their own production + cjv production looks like this:
0+0=0.
What makes it -98% death spiral is that they need to make some money and that comes from dilution loans to loan sharks. Anybody who buys a siaf share is just servicing the purpose of keeping PPS up for the purpose of printing stock for toxic loans.
He is 75 and outsmarted them.
Or i wouldn't say "outsmarted", because the scam wasn't smart at all.
This is more like case of dumb and dumber, not smart and smarter.
What was it? Finansavisen or something? Now you probably will tell that it is not really a newspaper or something like that.
My point was that the market knows there's no assets, the market knows there's no business. You can see that from the PPS. It's only handful of people here in denial.
When i first looked into this it looked like it's a scam. I mean in minutes i figured it out. EVERYTHING that has happened since in the real life has just proven that right. Dilution, no dividend, no buy-backs, no "mega"loan, Tony idle (like it looked like from the beginning), they have achieved absolutely nothing but disappointments, dilution and PPS death spiral.
These guys were never about farming, it's all loans, corporate structure, filings, etc = BS. That's what scammers do.
The funniest piece of evidence was that suddenly Solly admitted in the interviews that they can't grow prawn adult under roof. =D From that point on i was 100% sure it's a scam. That's the stupidest thing a prawn "megafarming" CEO "expert" can say.
EVERYTHING looks totally dishonest and worthless what they do. Incompetent and cheap.
It was just Q1 results and they let you down once again, no dividend, no money, no nothing.
-98%, dilution and all that... What do you need as proof for this to be a scam? Do you think that if somebody scams you they will wear a t-shirt that says "this is a scam" and then they make reports that state it is a scam really?
Come on man.
This should have been a sticky here on the forum for many years already.