China Growth Stocks

[ccsykes]

SIAF- The Company paid for the dividend from cash in accounts. It's shown right on the cash flow statement. Yes, shares were issued during that same period, but those shares were issued during the same period to pay down mostly debt.

This year only 10% of capex came from equity.

It's all in the filings for those willing to actually read them. IF someone can show me where shares were issued for cash I'd love to see it. This is about investor sophistication and whether or not people actually understand what they read in filings.

http://www.sec.gov/Archives/edgar/data/1488419/000138713112001129/siaf-10k_123112.htm#A009

Joe argues SIAF is a serial diluter because they issue common shares at market value at around 10% capex each year to pay down debt from start-up construction (they are still technically a start-up).

Yet somehow he sees no problem with DEYU's Preferred A convertible floorless financing for a Company with established operations..

There is a big difference and it's in the filings. This really boils down to investor sophistication and I believe half the people that post on this board wouldn't even know where to look in a filing for equity transactions.

Just a FYI it's the same in EVERY filing..

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

There are certainly some who don't know how to read exhibits or they would know the stock they love so much has a toxic floorless convertible. No wonder it has no liquidity, smart investors have no interest in it because of that fact.