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Down 21% today. Good luck on OTC opening. Seems like our rally is reversing, probably heading for a new ATL now as it seems the only life sign from the company is constantly increasing O/S.
Don't understand why I am hoping to get saved by the same management who have been dishonest and ripped me off. Though I was smarter, lol
I think they take shareholders for granted. We are not fellow owners, but a tool to keep the company listed for financing reason.
They could, at least during this trust crisis, introduce newsletters on a monthly basis. How is mr Ping treating the Pearl Grouper? And what about mr Pong packing those prawns before the MF is emtyed before installation of the heater? There is 20 tons of seafood shipped daily. Lets hear about it.
Just like they don't get that every single shareholder wants news, we still have full appreciation crisis and no communication for two months.
Increasing O/S has been the only "friend" to give us trust that people are still working in this company.
Ha ha. If you swap "husband" with "CEO" and "beating" with "dillution", I think you got it.
So now the big question is: has the dillution stopped? The bets on and if evidence suggests so, the cancer in this share has been treated succesfully.
No, that's not correct. O/S same as last few days at 31,281,604.
Give us another incorrect Einstein quote instead :)
Actually, the dividend is right in front of us. We just can't spot it. When coso started and SIAF was trading at $4-$6, the TRW dividend was estimated at around $3. And the big fear in 2017 was that SIAF share would collapse x-dividend as "nothing" was left (well, they still had 18% of TRW so...)
Today you can buy SIAF "after" the collaps we were afraid of, but the TRW dividend is YET TO COME ande held within the company (in addition to 18% contained by SIAF x-dividend). If you look at it this way, the company has by it's mismanagement created a PPS we could only "dream of" some years ago.
Only ONE major catch (and it's not the O/S): All the long timers are f... upped and out of motivation and/or cash. And the risk in this stock is obvious. And I don't have any idea what to do anymore - it's 100% down from here or 1000% up. Or something else.
I believe it was on CC Q1 or Q2 where Dan was very surpriced around insinuation from a shareholder that collateral could have been sold. If they did not return collateral, the Company would probably sue.
Now, by this e-mail, I see another tone. Intent is a word from intention, which is mild and only planned cause. I actually now think he knows they won't be returned. I appreciate the mail, but feel they are far from open and transparent.
The mail from Dan said the company "intend" to get collateral returned. I believe we see a change of wording from previously, where questions from shareholders nearly was met with laughter from the company. Could it mean anything...?
Thanks RD. And great responce once again from you.
RD, what is the trouble here - how could it still not be in order and possible concequences? Delisting? Not sure if you wish to comment.
Anyway, there are traces of shareholder friendly action here. They avoided issuing some collateral by reducing the trade facility.
I don't know, but they should at least do things properly or does even that depend on a loan?
Also I have said before, it's shabby to file 10K with mistakes they might be able to hide behind later: TRW company description at F-8:
Rockman, He probably regrets that paragraph now, but aqua is following his steps ??
About thiefs, my father used to say "it takes one to know one". He was right.
I am quite surpriced by that confession. It probably felt good to come clean.
Yes, I just wondered why his info would be regarded as truthful (about progress within BOD/Management). You are tidy in your posts, so it made me wonder if C-MF was part of the management or board? I got curious :)
Maybe he is not close enough. If he runs a cattle farm in the US, the cattle would all be dead if he was 10-12 months over for financing chatter
Board? Who is cmf?
So you are a previous loan fraudster?
You should never be invested in only one company, especially not SIAF.
I did the same, and it was not too bright
Ha ha, soon ALL teachers in Korea are x-siaf investors. Maybe we can hold the 100$ party in one of the classrooms, lol!
Jyyoo, please make sure to tell them that news about a loan MUST contain link to bank pr site or other verified channels, as we all know - company news carries the same high credibility level as read from todays PPS
I can agree to your summary, but it kind of feels that the opposite of what was suppose to happen, is happening:
1. No more dillution (O/S +50%. Was not communicated or expected)
2. COSO (communicated, but we still lack indipendent management and directors and progress. Web-page seem to have died)
3. Listing in HK (expected, but we hear nothing around progress i.e pre IPO etc)
4. TRI-WAY distribution (expected, but did not happen. First F1 process making "meaningful progress", and then save tax so wait for 2018, and now mid Feb and still no shares has hit my account). YEARS of PR around COSO and share dividends
5. CEO "feels our pain", but still finds it meaningfull to steal from us by changing his compensation plan to $730.000 - whereas 50% to buy shares for. This creates even more dillution for us on top of all other hits against the share
6. Megaloan (expected, but they just slightly held back on promising. We are now 15 Feb 2018 and 0 of 5 banks signed their $20 mill. TRW could grow without the loan, so why not PR info on plan B now and work on the pre-IPO?
7. SIAF Sweden with no employees, I saw on Linkedin that Erik Ahl left - no info from the company
8. Memo about collateral (PR'd, but not to be found on their web site)
9. Annual (!) General Meeting (tell-them-what-they-want agenda lacked, but no AGM for 2017 yet - and we are on 15 Feb)
10. Alessandro - millions of shares unaccounted for, and obviously deals are made behind the back of other shareholders
11. Tony presenting 2.500t seafood production, while official company PR is 9000t
12. Lack of directors in the audit comittee? Yap left
13. Approx $30 mill on capex in 2017, while there never is cash for dividends
EDIT:
14. Announcing a design deal for CA - was it $150 mill? They only forgot to annouce that the customer was established as a company 2-3 months ahead (probably by solly himself)
15. Lying about Transparent-Dan's CV doing government work and charity work (he set up a profit based charity company I have been told). (no FB, no Linkedin, no pic on company pages but still very Transparent)
16. Hundreds of mill $ in capex last years - where did it all go?
Is there really hope for a TRW trade on Hong Kong? Ever?
I am not going to chearleed and help them, just in case we are being exploited. If they want the PPS to rise, they need to DELIVER RESULTS!
Hi sly, thanks. Why did you sell after spending so much resources looking into the company? What is your perception of todays situation - are you tempted to buy in and feel milestones could be close?
I know your situation and you have deserved the oposite.
Milk, cattle, immortal plants drowning, CA without capasity, COSO talk. The last question is if it was all planned like this. My previous checks got me worried and it's still hard to believe that it all could be a show. For so many years. At the same time we see satelite evidence of activity. It makes no sence, at least if those property leases are correct and TRW owns the MF site.
But i.e the memo about the MF in response to Undercurrent is not what I would do as a leader. I would comment to the media. Very strange at that point to focus on shareholder perception. Only needed for one purpose :keep PPS as high as possible.
Pls, your group should go - 50% and save some. If the loss is too big to handle. PM me if I can somehow help.
RD, I asked you a while ago around the ceo's background. The links were dead. What is your memory on his background? Is it solid, track record of achievements?
Is it possible that this is not a fraud?
If you will travel to China and get the facts on this company, I will financially support you.
Where are all the Guangdong buyers, wanting a part of that certified value of TRW?
Why no Chinese web pages? Solly doesnt shit in his own nest?
Dear customer,
Yes we can. We have a customer who always appreciate to buy based on historical value. We will set up the transaction for you. All good.
Please Handl. You know how this works, so stop it now.
I'd rather you tell us the loan is coming. Then I can tell you there never was a loan process.
Wish i had read the 10Q before investing! I hardly believed my eyes reading this post: The Xining Government wanting SJAP to jointly aquire a $15 billion company??? Wow, this must be the worst bluff so far. Supply contracts with the Government? OMG. Any info why no-cash-ever-solly got this wonderful opportunity? Could he pay by receivables and fertilizer? LOL.
The shares are NOK 5,50 today, thanks a lot to what seems to be a massive dillution setup from Burnham. They will no give any collateral back or come in a short squeeze. BUT STILL MILLIONS MORE SHARES ARE PRINTED THIS YEAR!
1. Why is O/S STILL increasing?
2. Where is D'Alessandro in this - is he a previous client of Burnham or connected into this?
Sorry for being NEGATIVE and ANGRY.
you did read it somewhere. Here:
I am wondering if the whole setup was to avoid ECAB conflict, so they just structured these "loans" with collateral, where loans would never be repaid and Burnham was the tool for dillution.
By this, my money has been lost in a ever dilluting company. No wonder we lack insider buy here.
Transparent Dan: I can post your picture again if you like. Have you worked all this out by ourself, over in Ohio? And the accounting-dinosaur in China pulling the strings.
I still own some shares, but really question WTF is going on here.
TS, how many collateral do you expect that Burnham has held? SIAF must have known about Burnham being in big trouble long time ago, but decided to double-down on return of all collateral. Shareholders never heard.
My understanding of this, is that the Burnham-environment has been the TRUE DUMPER, and SIAF has pretended to not understand anything. Please share with us what you make of this.
https://www.silverlaw.com/blog/jason-galanis-pleads-guilty-tribal-bonds/
OMFG!
This is an article from last year. Never looked into this company, but it looks like a gang of criminals while googling them.
Very depressing. Another fieldday with 7 course dish + dessert for a certain poster.
Thank you Solomon. Happy new year. Take a break now. You work to hard.
article
TS, thanks.
Snow:
link to cooperation article
I have no otc experience, but understand that MM's could do a lot of damage. I also know a poster spending massive time here without disclosing his position.
In my opinion, collateral has been sold. But I have no proof.
Think you should set up a meeting with Dan. Go through this and decide. It's a small Investment compared to what you have put into this. After such a meeting you will know what to do. He must meet the investors if they request that