He must be quite a psychopath, calmly invents fruit tree business at the brink of destruction. =D
Anyway i said when the TRW "distribution circus" got out that it was sad day for the shareholders. It would have been better they paid real money, even returning just 10% to Siaf. That would have suggested there actually was some loan and it would have proven TRW has some income and money indeed. This ceremonial distribution of shares was just circus. If Siaf owns TRW, Siaf shareholders own it through Siaf no need to "distribute" anything, especially since it's not listed shares can't be sold.
It was just a trick.
Like i said if TRW was business and income was real, Siaf would never have been in these problems to begin with and it would be easy to fix everything still.
But it comes more and more evident that here is no claimed businesses in TRW.
The last trick up their sleeve is cash dividend. Now that authorities are alert they will be shy to dilute. So it'll be difficult for them to get the money.
And they even got penalty was it 70k euros. That is big money for them i'm afraid. Will be final nail to the coffin for hopes having dividend this year. My guess is they try next year with dilution money, it'll be 1 or 2 cents, delayed and too little too late. Followed by ex.date crash and this it will be heading to next reverse split... Something like this is my prediction what's going to happen.
Maybe they will pull a rabbit out of the hat but I'd be damn sure that real underlying business that would truly and in a sustainable way lift this - will never happen.
