Hi everyone
I read all your posts and I understand that you are angry.
I am not to happy myself...
But you need the right facts if you are going to be angry, what I read here is nothing else then pure bullshit.
I have met Solomon many times, he is a very nice and pleasant person and he has built this company himself. He is a very good CEO, very bright and not as is put on this forum, a retard.
I know many of you are concerned about the price/share at the moment. And it is true that Solomon has done nothing about it. There is a reason for this. The company has before noticed that news without value, news put out to anser questions to early, or news to try and stabilise the market has worked against them, not with them.
I have heared reliable whispers that there will be news comming soon, and it should stabilase the price to atleast 0,6 dollar.
The loan, it is nothing new there. It is still not official how much the loan will be, 50-150 million dollars is the best guess. However, it will take time. Last i spoke to Solomon he said that Chineese banks are tricky from time to time, and it could be a year long negotiation, so just be patient.
When it comes to Triway, things seems to be holding to the timetable. It is not yet set a date when we hear about how the shares will be divided up, nothing is yet written and set in stone.
Now, about the dilution. There is a very good and very simple explanation for this action. I wont go into any detail since I donmt have the full story, but the short answer is, Solomon was forced and had no choise.
However, you all have to remember that Solomon himself has alot of shares, and more to come every year. It is in his own intrest to have a decent price/share...
As I understand it the shares will be as they are for now, when SIAF and Triway are fully operational and when the profit starts to grow, then shares will be bought back and terminated.
And the notion that Siaf is worthless and have transfered everything to Triway is not just silly, it is simply wrong.
I also took some fellow students that study Finace Law, as i do. The case people want to build against Siaf is silly. It is like trying to sue your mother for hinting that you will get an ice-cream if you eat your dinner, and then tell you that after some thought the familys budget need to prio Pasta and Milk.
It may suck to be you, but you cant do much about it.
Investing is a risk, no meaning to cry about it.
I would say we all wait for the next report, read it closely and you will see some good news there:)
PS: English is my third langue, so it is not perfect. I am deeply sorry for all the spelling-errors and for the bad grammar.
wish you all a happy future, with lots of icecream.
//Nights