Friday, April 24, 2015 11:12:39 PM
I am thrilled to visit Oslo for the $100 party! Can't wait. 
OSE is a real exchange -- a regulated main board. We've needed that for far too long!
But I wonder why SIAF wouldn't announce that they will focus immediately on officially re-stating which businesses (including separately reported revenue sources such as management, consulting, commissions, etc.) are part of their aquaculture division, auditing the new financial statements, then valuing the aquaculture business, and spinning out the aquaculture business. First.
It seems to me that would be a much faster process than to start by divesting multiple different kinds of businesses that are not aquaculture related.
With either approach, breaking up the company and getting proper value while working within PRC law and related restraints may not be easy. Certainly some of it will be tricky. So why not focus on one -- the one that is important to OSE? I am not an expert on any of this, but it seems that approach would get SIAF to the goal line faster.
In any case, though, I think this may take years.
As a benefit, the spun out new company can have a name with Aquaculture and Technology in it.
OSE is a real exchange -- a regulated main board. We've needed that for far too long!
But I wonder why SIAF wouldn't announce that they will focus immediately on officially re-stating which businesses (including separately reported revenue sources such as management, consulting, commissions, etc.) are part of their aquaculture division, auditing the new financial statements, then valuing the aquaculture business, and spinning out the aquaculture business. First.
It seems to me that would be a much faster process than to start by divesting multiple different kinds of businesses that are not aquaculture related.
With either approach, breaking up the company and getting proper value while working within PRC law and related restraints may not be easy. Certainly some of it will be tricky. So why not focus on one -- the one that is important to OSE? I am not an expert on any of this, but it seems that approach would get SIAF to the goal line faster.
In any case, though, I think this may take years.
As a benefit, the spun out new company can have a name with Aquaculture and Technology in it.
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