Replies to post #137341 on Sino Agro Food Inc (fka SIAF)

[soroi]

this is not how you gain respect:

It may suck to be you, but you cant do much about it.

Noone forced Solomon to enter a situatuion where he was forced. He is a retard.

One of the major problems is that the only way to get information is to talk to these people in private. Way too little is out in the open. Solomon have killed the stockprice and lied. people have every right in the world to be angry. He is a life destroyer.

[Mark-J]

Nice speech, but that's BS we have heard before.

Facts: heavy dilution, shady toxic loans, PPS plummeting, money disappearing nothing for farming, they are broke, books crooked, all promises broken, shareholders 100% neglected etc. etc.

If somebody DOES that to you and then ACTS nice, it doesn't make him nice a nice person.

The question is he just a very bad person or a criminal.

Nice is the farthest thing from the truth.

Truth is out, too late to convince otherwise.

[zerohedge]

"wishing us all ice cream?"

the speech tells me you met him "many times" but have been totally suckered. dinner is cheap. someone as a new poster coming in at multi year lows when promised are at a multi year high and literally millions of new shares issued last week.... you have to be kidding?

[snow]

Nights You write about the dilution: " the short answer is, Solomon was forced and had no choise". The point is that he made a lot of bad decisions that put SIAF in a vulnerable position. This situation has been going on year after year. SIAF has been living from hand to mouth. He has himself to blame if he was forced to issue a lot of shares.

[Black_knight]

Solomon's position is comfortable if small shareholders do not do anything against him. He can continue diluting the company until he want and convert his loan and retribution.
He benefits while shareholders suffer...

Solomon could have distributed Triway shares last year and he did not.

If there is possibility of case against Solomon, there will be ...

[snow]

"And the notion that Siaf is worthless and have transfered everything to Triway is not just silly, it is simply wrong." I think you are right Nights.

[aandt]

Thanks for sharing...

As you can already see, what you are saying won't be well received here, but I believe you. My knowledge of business in China has taught me that there are many twists and turns, delays and frustrations. Unfortunately I personally may not be able to hold on long enough to see when things finally develop as I know that they will.

Solomon has made many mistakes along the way, but he isn't as many are portraying him here. The company is trying to do thing the right way, and they are doing what they said they would do, it is just taking way too long, some of which is related to elements out of their control.

[Black_knight]

Solomon wants all the power but does not want to assume his responsibility.

In the courts that lesson is learned ...

[Mike059]

I have also met Solomon and I share your impression about him.

[ks1977]

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

No, it's not. SIAF basically promised a 0.85 TRWshare/SIAF-share dividend without EVER having the intention to distribute it last summer (they hadn't even done the research to find out whether they COULD). You're saying that is ok by the law?

Then, they MAKE UP excuses to why they can't to the dividend, only to admit 10 months later that they in fact could have done 2/3rds of the dividend, but that they choose not to.

Everyone that bought/increased based on the TRW-dividend information should have a good case IMO. Also, if Solomon were "forced" to dilute the hell out of us, then it is because of his own mismanagement.

If SIAF had distributed the 2/3rds they could last summer, then my guess is that the PPS today would have been higher - and the dilution from ECAB would have been smaller as well. Solomon has no credibility, THAT is the reason why the PPS is horrible low (that, and his willingness to dilute at any PPS + that he gives/compensates with shares to people who does not want any shares)

Also, if we're going with your family exemple, then the true comparison is that the mother changes her mind because her husband ordered a brand new car last month and that she has been planning to buy a brand new car as well in the next few months.

Solomon is sacrificing SIAF shareholders - and if he is forced, by any way, then it is his own incompetence as a CEO. He should stick to what he is good at, being a CEO is not one of those (I have earlier stated that Solomon is an asset for SIAF/TRW if used correctly, but after a 98% decrease in PPS which is largely his fault I'm not sure if he will be anymore)


PS. Welcome to ihub :-)

[RealUSA]

I enjoyed your post and how Solomon is a victim. He has the "A" shares. He has controlled everything.

How is diluting shareholders of SIAF not diluting our interest in Triway?

What assets remain in SIAF after stripping Triway? CA but its contigent on Triway. SJAP/Flowers aren't working anymore.

I enjoyed how the Chinese banks are "tricky", is that something you and your student friends learned in Finance Law?

Your whole post is a charade, Solomon a victim, Chinese banks are tricky, dilution happened because Solomon (with all the A-Shares) "had no choice". He has had all the choice for years, he put himself and the rest of us in that position is the best case scenario.

Do you even have more than token number of share? Let me guess you were a intern there and he paid you in shares too!

[Martin79x]

I dont think solomon is a retard i think he is a moron. I thought the banks were indian, not! Chinese...

And why should solomon care about dilution, in the end he can issue as many shares as he likes. If his a-share will be converted to 10% of the company then who cares how many shares are issued before conversion? Of course he will wait to convert until such time where he no longer need to dilute.

Yes We all know that solomon is forced to dilute, why is that? Maybe because of his horrible management. Solomon is no victim he is responsible for everything going on in the company, he cant blame anyone else. He is the descisionmaker.

Its sad to see you defending him. He is totally worthless as a ceo.

[Punchinello]

Thank you for your response. Do you have any insight into their near term cash situation?

[Redbull84]

If I suddenly only get half my paycheck every month and put all the money that I have in my bank account into one bet in a casino and lose it all, am I then forced to beg other people for money? Could I cut expenses and try to sell other assets, or should I ramp up and get an even bigger house since the banks may approve it.


It's just pure BS that he's been forced into anything since no one else than himself put Siaf in that situation in the first place. Solomon has been spending money as it was his last day on earth since 2009. He ended up in situations where he had to give away shares as payment to his contractors and he didn't stop even if the share count went from 4 million shares to 17 million shares. So after a while, yeah he basically got forced to take the ECAB deal since the contractors couldn't accept more shares as a payment.

Solomon had some luck after the ECAB deal and got another 10 + 15 million dollars in loans but still, he used them all without having some sort of backup plan. It didn't help with SJAP's lousy performance, SJAP is basically worthless for now, and it cost us, the shareholders, about 10 million shares (from 4 million to 14 million shares).

If Solomon only would have stuck with the demo farms back then when we had 4 million shares outstanding then we might have had a chance at that 100 bucks party by now.

Solomon is running TRW and he was the one who accepted to make it a Megafarm, there's no chance he was forced to take another loan (Garrett) or been diluting the company like he has been doing during the last 10 years.

He could also have stoped diluting the company through him and his employees. To grab both a hefty salary and shares with this performance, well it is just ridiculous.

[MikeD2020]

1st post by this user!

Handlamera did you create a new alias?

[Traderfan]

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...

Well I guess he didn't have a lot of success on this from 17 bucks to 30 cents now. For whatever reason it doesn't seem to me that he cares a lot.

[jyyoo]

I agree with what you've stated and unfortunately we have to wait until loan news or perhaps good news in the Q1 report like cash dividends etc.

I have heared reliable whispers that there will be news comming soon, and it should stabilase the price to atleast 0,6 dollar.

Do you think this has to do with financing or the cash dividend?

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.

Can you explain any further?

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.

So you expect the outstanding share count to remain at current levels? When did you last speak with Solomon?

I would say we all wait for the next report, read it closely and you will see some good news there:)

So do you expect good news within the Q1 report?

[nefariouswu]

Nights,

Lot of replies to your message! Be careful claiming to have inside information, not sure what the laws are in your jurisdiction.

[slyestjester]

Night's post is definitely fake, I have a good antenna for that, and his is not genuine. I wouldn't be surprised if it's Peter lol.