dutchman that's a great piece of news.....
keep in mind that "assuming" SIAF does the IPO and "assuming" it's done in 2-3 years you must then "assume" that the shares outstanding of SIAF will also be further blasted and diluted.
given the "FD Effect" which served a crushingly dilutive effect just 2-3 years ago and then the +28% more dilution that's been authorized recently, not to mention all of the other convertible debt they keep pushing for shareholder loans....
well this is just AMAZING since by the time that dilution machine is done the "SPIN EFFECT" is maybe worth an incremental $0.50 per share and not an incremental $2 per share. so many more SIAF shares to "create" and sell....
the "spinoff" is just "marketing spin" and once people wake up to this, again, we are assuming they get a deal done at all, which is a massively aggressive assumption. the share printing isn't an assumption, its already happening so whatever is being promised, what's guaranteed is that the pro-rata value will be massively diluted both then and in the immediate term based on existing filings.
this again is why the shares keep dropping. smart investors are using every promotional event and PR announcement to exit their holdings.
isn't it about time the iHub'bers start doing the same thing?
*self preservation is a fine human attribute.
