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The company has failed practically in everything, Zero has been right. It's fraudulent, untrustworthy, creates only value loss and disappointments. Why don't you ask how much the promoters get per message? They have fooled you, not Zero.
This is NOT a growth stock. -98% from the top. In addition to not being a growth stock, it is very badly performing, not dividend paying, diluting value trap with horrible management.
Stop being silly, this is the worst of the worst in every possible scale, terrible investment.
CA is a scam, a sun roof in rural China, who works there? management? done projects in real life? Nothing.
This is the location, they don't even have walls LOL:
https://investorshub.advfn.com/uimage/uploads/2017/4/24/pquqpCA_tile.jpg
Just one of Siaf cheap building projects to milk something from the market and shareholders.
Valuation mode: NEGATIVE score
This is -75% this year, Norway's worst performing stock in 2017.
Almost 100% dilution this year. ALL big promises betrayed, megaloan, megafarm, megadeals, dividends..
Management is completely untrustworthy and dishonest.
Companies don't get worse than this.
Yuuuge syndicate of five banks will make the deal!!! =D
Really smart believe and promote!! And remember yuuuuge losses are not losses if you don't sell! =D
Siaf has been buried under bricks of evidence that are thick and heavy and Solly's tricks on thin paper with big numbers have been proven to be just an illusion. Big fat yield that has been promised has turned into big fat bricks of evidence against it all being true. But the illusions on thin paper won't stop, he keeps the tricks coming.
They have failed their long term targets as well. They have not been successful in China in their own aquafarm, cattle farm or actually in any venture they have claimed to set up to. It's down -75% this year and last year it was the worst performing stock in Norway. These hopes and dreams about Angola are just fantasies that a scam could become a real company. It won't.
Merkur and US were open when this was first published. There's enough announcements, memorandums, filings and reports from them. A lot of assets, profits and deals on paper. On paper. Even fruit trees and cow dung fertilizer inventory worth $ 12 million.
There's no profits. SIAF, CA, TRW 36,6%, cattle, fertilizer EVERYTHING total market value is a bit over $10 million and going down. The market, the banks etc. don't believe in these profits, claimed EPS from last quarter is 40% of the whole company market value. That is NOT REAL. It is a scam.
The project is a scam, it will be used ONCE AGAIN as an excuse why they don't pay any dividend to shareholders from their "awesome" EPS. It will also be used as an excuse for dilution. Share price will come down because the market doesn't believe and because of dilution and lack of yield.
After one year this project will be forgotten "delays and problems". Just like the megaloan and unified megafarm projects. This is now reviving of the "megadeal" scam concept. Nobody from Siaf has been in negotiations in Angola, nobody from Siaf has been in negotiations with their government. The partner company looks like low lying small company, they don't report anything about this themselves. Siaf has paid something to use heir name for this scam marketing purpose or might even be used without them knowing, the other doesn't look very active company. 100% these two are not the players who can do this kind of project. Total scam.
Totally fake press release. I noticed the same thing. Material for the internet promoters, smart people won't fall for these at this stage anymore. Impact on share was minimal. The market has had enough with their scamming.
Haha, that's what i've been saying this is like the Nigerian letters. "Believe in our premium dilution and soon you will get big riches". The circle will be complete when they do that claiming they need to dig a shrimp megapond on the yard of Prince of Nigeria. In return he will give a megatreasure to Siaf... ..later... =D
Deputy Mayor? =D Try a bit harder, that was pathetic. And next time add the link to the pic.
These guys claim making preliminary deals worth billions in Angola. Their own company sucks really bad and there's no evidence them going to Angola, nothing published from the other partner which is a private company nobody knows nothing about keeping really low profile and there's no pics, info nothing how the deals went. It all stinks to high heaven.
Don't be fools and believe things that are not believable at all.
And there's none of this evidence even from Siaf's home turf, no customers, no harvests, where's the workers, offices, everything, this is supposed to be a 780 million dollar worth agriculture EMPIRE.
In real life it's 10 million dollar diluting failure with poor web pages.
You can't trust this kind of presser at all, it's so silly it's not even funny anymore.
Speak for yourself, i have been right. You desperately need this kind of evidence. Where's the customers, business partners, workers... Harvests... Money... All the evidence is missing.
Angola excuse, no dividend! =D
This African project must be expensive, right? Again two birds with one stone: lift share price with an empty announcement + use it as an excuse why there's no money. Perfect! Let's see if I'm right. I was hoping the fruit trees would have been used as an excuse, but this would be just as funny and wicked! =D
I checked Nortus aquacultura and Rui Sancho, there's absolutely nothing from their side published about Siaf, not a single comment in the internet. This momerandum seems to be one of Solly's press releases that are completely empty inside.
CA is a sun shelter roof and unfinished ponds in rural China. No business.
https://investorshub.advfn.com/uimage/uploads/2017/4/24/pquqpCA_tile.jpg
Maybe people from Angola could come help develop it? =D
It's about fake news by Sino Agro, riding the wave of some recent REAL Chinese business efforts in Angola. Those might be about oil who knows..
I believe it is as Zero says for the most part. JV stuff in which they are not entitled to cash flow or any true ownership. They might own one aquafarm or two, doubt it, and certainly i don't see them doing any commercial scale farming. As Ostrowski said it "just experimenting and waiting for the loan".
I have asked for pics management Solly&Co with known industry clients, Solly&Co with commercial size harvest, Solly&Co under a big sign on aquafarm wall saying "Siaf" or "TRW". Haven't seen an of this although i have asked many times.
The reality with steep value loss, market value at 1/70 of claimed assets, inability to get bank loans(claimed business+assets should make it easy), almost 100% dilution this year, claimed cash flow/EPS always escaping share holders etc, etc. on the harder financial stuff also says what they claim can't be real.
In short, everything aligns perfectly this being a scam.
Just get the EPS for shareholders and that's it everything proven, but it's internal loans, "capex building", fruit trees and Angola projects, whatever silly stuff instead doing some simple steps to prove this to the market and share holders and banks etc. But they just can't do it. They have had enough time.
Also regarding past wins, hundreds of millions disappeared if they were true. I don't see them being true, these guys don't carry themselves like they have had their hands on real hard earned large business profits. Abusing dividend policy, diluting at for small sums at 1,5% of the book value, no.. Never seen with customers but dine with Swedish small investors and tour them.. No... This is not a multi segment close to billion dollar agriculture empire leader. He is a scamster, that's how the guy carries himself. I can't believe it's that hard to see...
Corporate structure BS. EPS to shareholders would lift the share price, restore some trust and make this a real stock instead of a scam stock.
But this what a scam can do: big things on paper and not creating any share holder value or yield with these silly "projects" and claimed "capex building" etc. Talk, talk and talk, more BS. fruit trees and ponds in Angola but real business is -98% down from top, dilution almost 100% this year. Real results talk and Siaf BS walks.
It's normal because they lie. 40% EPS from corporate value is normal for them in one quarter, 70 times assets value to their corporate value, it's all BS. This a press release ordered and paid for, there's absolutely nothing real about it. Very easy to figure out.
Guaranteed not 1cent ever comes from Angola to their bank account. This is what they can do: press releases. Maybe Solly paid a little for this.
The task at hand is to get $0,09 claimed EPS somehow to shareholders. These guys don't need Angola press releases if their Chinese businesses were real. But they aren't..
The Angola scam. =D This is what i said this company is capable at best: shady press releases about nothing. Trying to push the share price a cent or two. For the forum fanatics this should be good enough and no dividend needed.
Corporate structure scamming warning red flags all over!
The company has freakin 780M assets on paper, last quarter EPS 40% of the whole company market value on paper, it's ridiculous.
They need to stop doing. Stop completely, nothing new, no expenses. No "building", no "loaning", no "investing", no "building capex". Only divest, sell assets. Only focus to get the "profitable business figures" to transfer over to share holders.
Then get the EPS through to the share holders and share price will raise dramatically.
But I guess you both know that this is not possible.
Because it is a scam.
The only thing they can do is to fool people playing around with corporate structure and big numbers on paper.
The answer to their problems, to lift the share price to prove this is not a scam is above. Very easy and straight forward way. They just can't and i think you know it that's why you support and speculate these silly things.
Enough with lies, everyone who has ever speculated about Siaf $100 party gets a ban immediately. =D
They diluted you from $1 to $0,25 this year. -$0,75 negative dividend. That's 15x more the reason to make their life miserable than one $0,05 dividend.
And then they diluted 20M because it's a scam. And reverse-split history is there because it's a scam. They make living by getting loans and diluting, that's how scams work. Your argument against this being scam is silly, not really proving anything of course they are happy to get loan money. Easier than dilution money which drops the share fast. You really have nothing supporting this not being a scam. =D
You got negative dividend of -$0,75 in 2018 to the share price, proven and an undeniable fact. Resulting from almost 100% dilution.
If you get this "refund" of $0,05 to the money they stole from you, i don't know. I very much doubt they have kept dilution money to give back to shareholders.
$0,09 is not amazing it's unbelievable scamming. Like i said the cash flow "disappeared" and shareholders once again got nothing.
$0,09 which is 40% of the whole company market value. These kind of earnings are not possible. Something gives and it is the EPS not being true. Hence the company value. They always play around with "big figures" but when it comes to the time to show for it oops! cash flow disappeared etc. Basic fraudulent action.
Snow did you watch this video already?
We have been telling this and we have been telling don't fall for the trap that "selling this low" is bad idea. There's no assets or business(es) it's not cheap, if you look back it never was but always went down.
They have no P/E, no income.
No proven assets, do they really own one aquafarm or not?
What's one worth? 2-3 million?
This company is very very expensive with 0 performance and tiny questionable assets.
+ they dilute and are dishonest.
Absolute suicide mission to own.
Of course they would if they could. The assets been proven fake by the fact that they have not sold anything. Totally incompatible scattered assets, of course selling would be better than diluting at 1,5% of the books. Selling 10% of the assets at 50% discount would get them cash 3-times the whole company market value. The whole idea is so off the charts as a result yet they don't do anything. Combine with the dilution at 1,5% of the books = case closed, assets have been proven fake.
I think he tries to say if this was a scam shouldn't/wouldn't they make/fake better performance to be more attractive buy.
My answer is there's logical error there. They can't! They have maximized already the "performance" at "780 million assets", "P/E under 1" and so on.
Maybe they could claim 2000 million assets and P/E 0,01 but nobody believes current numbers so why...
What scam can not do or perform is value increase for shareholders, stop dilution completely and pay steady dividends.
These are the true performance tests. They just can't...
Not just business perspective but also from perspective what is believable and realistic behavior from the company IF the reports and books are true.
-780 million assets = can't sell any, dilute at 1,5% of them = not believable or realistic.
-two profit making companies, nice assets, growth stories = can't get bank loans, instead loan to each other, dilute for money = not believable or realistic.
-past profits close to a billion dollars i think from last decade = market value now 1/100 of the claimed profits, in debt, dilute = not believable or realistic.
-"megafarmers" = no commercial harvests seen, no customers seen, clumsy reports about experiments with problems and mediocre results = not believable or realistic.
-how they carry themselves, "megaloan" talks just talk, abuse of dividend announcement followed by heavy dilution, TRW failure = not believable or realistic if the books and profits and businesses are true.
-P/B 0,015, P/E 0,5 = not believable or realistic.
Just about everything about this company's real world actions contradicts them being anything for real except a share printer.
EVERYTHING would be easy if the figures were true. Bank loans instead dilution loans. Value increase instead value loss. Collecting receivables instead being in debt. Paying dividends instead printing and selling own shares.
But if the numbers are completely invented and untrue like we say... EVERYTHING is incredibly difficult. Can't keep promises, can't get bank loans, can't increase share holder value, can only announce dividends instead just giving the date and pay. And that's how it really is. The first theory with figures being real, that's a fantasy.
I see outbursts like this commonly here yet almost everybody here promotes his companies, speculate various ways how investing in them would be good idea. People attack him but then in a split second they turn into lambs who want to believe he is presenting truthful image what the assets and businesses are. Things that the market doesn't believe and they themselves don't believe printing at 1,5% of the books and things we have been warning about for long time already. Mind boggling.
The point is not to believe the BIG lies, businesses and assets, that's how one doesn't lose money and doesn't support him.
But these big things people seem to believe like kids believe in the Santa Claus and invest and throw away money.
And then get angry at Solly. Makes no sense.
Is this some kind of Stockholm syndrome?