Sino Agro Food Inc (fka SIAF)

[nisse44]

ZH, are your planning to confront Solly at the call or are you just like the rest of us hoping he reads this forum on daily basis and hopes that finally he realize how stupid he is and how clever we are?

I realized that my critizism of management is really just a projection of my feelings towards myself. I never sold at 17 I sold at 8 on the way down and now I am in again. I have so far blamed management for all this when it is really my own disability to judge management's incompetence that made me still have the stock in combination with greed after a great increase in the share price. Now every day I just try to find small rays of light to get hold on so my mind can start believing on another raise like spring 2015. Will it happen? Let's see. Why am I still holding? Hope, just hope. Not that management will change BUT the shareprice increased from 40 to 170 even the fact managemwnt was s**t and not transparent at all. So can we do it again? Sure we can. Will it take time? Yes. How long time? No idea. But selling the share to 'punish" managemen that is really stupid. Being here so long time I came to 1 or 2 conclusions about S. First he doesn't care about share price yet and he doesn't understand how the market works. Reason to this is he doesn't have to. He gets is 200 000 dollars per year and he has 1.2 million shares and ALL powers in the company. He is like darth vader and siaf is his death star. He likes being that guy who is in the middle there is where he gets his kicks from.
So will he do a buy back? No. Why? Well shareprice is lowest in years and he nor anybody else in his closeness is buying shares. Does he have money? I think he has. Why not buy? Doesn't he believe in the company. The key to a buy back is that he has to believe. If he or anybody else is willing to buy some shares now then a buyback would also be accepted from the inside guys. Otherwise it would be hard to motivate one. Maybe the real question at a call would be "Now when the shareprice is at its lowest level why doesn't anybody , especially you Solomon, increase their holding". We know he didn't want to do that during the dilutive phase but now when that stopped. Why not buy a few thousands to tell the market "I believe" . There is not really any reason not to buy more shares at this level unless he knows something we don't or that he just refuse to understand the market.