Seems like you finally started to look at it from the right perspective. Yes, SIAF is making some cash flow but our great CEO tells us that he always needs just a bit of more money for new projects. No matter if SIAF was able to generate 5M cash flow, 20M cash flow or 50M cash flow, he always needed some from dilution, usually 5-10M, sometimes even more. Thats the funny part.
And as the company grows (be it in reality or in paper), his need for those 5-10M via dilution look more and more like total scam since compared to the company and their operation its getting to be quite peanuts.
So yes, we are hitting pretty much the end game here. If he keeps diluting here for 10M per year again while the company operates in hundreds of millions, you can be damn sure we have been scammed.
What was the revenue for 2013? And what is projected in 2014?
