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RD, I believe many questions have been answered, i.e TRW owners, share issuing.
RD, I value people by character and not monetary position. You are my no 1 here. I must be completely honest now: The most stupid sentence ever written by you on this board, was the turning down of Garretts invitation to give him a call.
Not because he is more worth than you or skilled in any way, but because all your effort, knowledge and visdom will come in handy and make real change.
Sorry for doing this, but the company needs your input. Please grab this opportunity, please please. Let's do this right now.
Amen. And just like I said. And you could have walked away.
We are lucky to have a shareholder who can contribute, and it's different to include terms vs acting on them.
The frustration of losses is hitting all walls, and paranoia is well reasoned.
Your investment and pps will still depend on management adjustments imo. RD would be a good part time advisor, you should connect..
Did we just give away QZH for free, did not see a sale price?
They exposed
1. Market value of booked items
2. Risk within account receivables
These issues have beed previous declined.
The "news" about cash dividens has unfortunately no effect on the PPS of a broke company.
Garrett helped SIAF refinance with ECAB, and he has NOT called his option to convert.
And it's been this way for months.
Max $1,5 dollar if 65% is higher. It's a fixed roof
Judged from Cristmas outdoor lighting, we know where it went (FB pics)
Still, looks like a pro at selfies.
There is no approval process. They did a AGM with under 2% of owners represented, but Solly with 80% A-shares does not need any support to get his way.
It's in the Aug 2017 filing. They can increase to 50.000.000. Be aware that all reasons in the filing is broken. There are no takeovers etc. It's turned into toiletpaper.
How can you calculate a share price, when you never know the final share count?
https://backend.otcmarkets.com/otcapi/company/sec-filings/12213521/content/html
I have understood it as a technicallity, which blows up the balance.
You issue collateral which is owed back to the company. If they are returned, they must be eliminated and the value disappears from the balance. Same happens if they are not returned. In such a case, I believe you also book a loss on the income/loss statement
Your and our white knight should be Garrett. You should contact him so he hires you as part of an action force. Go over there and see what's going on.
He still has the resources. And the upside. And he has previously expressed a positive view regards to your analytic capabilities.
The continued share issuing is depressing. They didn’t even file the 1,2m increase to Merkur. They choose to dillute, as opposed to reduce receivables or claimed capex.
By this, they're expressing the shares are close to be a role of toilet paper.
The Undercurrent and Finansavisen response - did they ever send them to these papers or was it just chat-up to keep us going?
Will they actually do a cc?
The Swede, what's you're view on this now?
Appreciated. It's my I-have-lost-$40.000-humor
I know. Read the post you answered. And the post which that one was a respose to.
I'm angry. And they are entitled dividends but they must be delivered back. Let's hope that happens
They didn’t address the dividends being spread on 34 mill shares...
It's funny pho.
After ECAB they stopped printing shares. No more dillution.
Then it was collateral. No worry.
Then top up. No worry.
Now it's no worry, because we're done with collateral and top up.
Now it's only ordinary dillution. Back to square one, where we started off.
The Facebook pages for SIAF Airline Investors have posted a pic of Friedly an bragging he is in. And a pic of his Buggatti.
Sick indeed. He probably lost a couple of Bugattis on this shit, run by a share printing madman with more altzheimer than prawns to harvest.
(Im moody like RD)
God, you're right. O/S increase of 4% in one day! its stepping up here
From remaining questions in cc Q3 2013, answered after the meeting, we have this one:
11. Do you have plans to issue stock in the next six months / year?
The Company is engaged in several financing initiatives, and very many on-going operational
projects. In any case, we are at the tail end of needing funds from external sources.
That's 2013.
RD: Thanks for your response yesterday regarding 6 months selling restrictions. After 350.000 was traded last night, we got the expected increase today.
Do you STILL believe we did not see those sold?
IMO there is a strong correlation between issue days and dumping days.
New O/S: +200.000. Yes, I was "sure" it was going to happen. But I mixed up the numbers - difficult to remember O/S in this company!
Good news in a strange sense: no increased o/s today! I expected an increase
Do these rules apply to all issued categories, including paying off suppliers and lenders?
If so, we should see the Restricted Shares number increase. It has not moved for many months.
Let's wait and see O/S tomorrow.
Maybe we had a printing duck, not a sitting one...
I understand perfectly your last sentence and one can get bipolar just by owning stock here.
What I would expect, but yet to see evidence of, is that Garrett as the by far largest owner in SIAF, engages in sorting out this company.
You just don't pay suppliers and staff in shares. Not in a $600 mill company. Of course people wonder why the fuck you dillute at 98,5% discount instead of paying your suppliers with cash.
And we didn't see any reduction of O/S after 31th of March. We where all told to expect that, imo.
Last week you were a bit optimistic going forward. Did I miss something?
It's in the quarterly reports. But not detailed. I believe they called it equipment. Millions in equipment. And inventory. And receivables.
So if you overbook earnings, you need to make the money disappear in the books so no one asks for dividends.
And then you go pay for loans and "suppliers" by printing shares.
And even if it's worst case scenario here, I still invested some more. There are operations in this company. It's not going under 0,3 is my guess. Why bother to sell below? Nobody should
Nef. Who are you? A teacher in Korea? A homeless in the US with good internet connection with solar powered laptop?
Hope you're not next to Zero and Mark, playing good cop, bad cop on ihub, lol.
SIAF auditor, Ecovis, operates globally with their 4.500 employees. Auditors, tax advisors, lawyers.
By signing off the balance sheet, they certainly would risk heavy losses if the $600 mill balance is not in order. They are accuntable for shareholders losses if they never checked the bank statements, assets, account receivables etc.
So, we should not be at this pps now
https://www.ecovis.com/en/ecovis-international-info/
I want a part of that after digging into the balance, receivables, cash flow and cash holdings of 0,2% of booked value.
You don't run a company like that and dillute to pay suppliers with shares. No one does so.
That's why I concluded the book was not robust, to say it fare. But it's not inflated enough to deserve 98-99% discount imo.
That's why I'm buying again now.
They should post some pics on Face to show harvest, customers, distribution etc. It would be nice to have some action - last one was the boiler.
More likely a leakage from the bank?
Plenty of risk left, but $0,5? 98,5% chance of complete failure discounted in the PPS.
Even if it was a scam so far and they get going small time on prawns, the opportunity is worth more - but not $30.
And you have upside surprices that may come. Like Fredly told us, they are/have been in dialog with Singapore Development bank. They are actually working on the financial.
Have people forgot the k/a 16? Price now is close to when we where fearing loan default and/or going dark.
A lot of threats and risk has disappeared imo.
And look at the MF property. Zoom out. Shrimp everywhere. Central area. Why should they not make it here? It's a valuable opportunity imo
Obviously he doesn't follow ihub :)
I bought some more today. From what I see through these Finansavisen articles + to very (negative) active posters on this forum with no shares, I am led to think that something is about to happen.
Also, the action from the company to utilize the MF area while waiting for finance, seem to underpin that they are not desperate to get a loan even though it would speed up things.
Also from the photo RD posted of eels, I see they re-used the plastic rollers for prawn. It's very easy to redesign a better solution to increase density.