What exactly is the difference between SIAF's and TRW's trading business?
I don't know if SIAF has tried, but if they havent they must be retarded. If they are based in HK or not doesn't matter, because according to trw their contact details and HQ is the same as SIAF.
Do you know why the collateral shares were issued in the first place? why couldn't a rightholder get a right to issue shares if SIAF keep their part of the deal?
What is the status of the collateral shares used to finance SIAF’s trading business? I
believe these shares were scheduled to be returned upon repayment in September of this
year. If so:
a) by how much will the outstanding share count be reduced?
b) how will this affect SIAF’s trading business?
The Company is negotiating with its funding parties. We believe the best and most likely scenario
is to extend the loans for six to 12 months. This will promote a smooth transition of SIAF’s trading
business (separate from Tri-Way’s) from reliance on collateralized loans to using other financing
or self-financing, in order to first maintain the current revenue stream and then grow it.