Quote:Even Fredrick Danielsson, who is very influential with Solomon, has not been able to get approval to do proper IR and PR.
None of that stuff will help much, Mel. Not in the China space. If you're lucky, you will get one institutional buyer. They will sell the stock one year later just the same. Perhaps it would work for FD in Oslo but the path is Hong Kong now, and a better path IMO.
What they are doing now, matters. The stock dividend. It should be followed by a cash dividend to support the stock. Perhaps some share buybacks although I'm not a big fan. Most companies failed miserably pursuing that strategy.
We have a real credibility issue here though. With the missed target dates. But it's not just that. When a new potential investor reads about the company for the first time, the first thing he asks himself is, is this a scam? The main reason is, the depressed valuation. The credibility issue is what the Board should be analyzing. But I get the impression that they would rather push it all aside. Doesn't matter. It's easy to fix with a cash dividend. And yes, we should be pursuing NYSE even though all other ventures have failed so far. Unless they have plans for SIAF in Hong Kong.
So, if they do all that, we can finally sit back and watch the stock go up. Then it's a matter of waiting for, and doing the pre-IPO and IPO. The SJAP carve-out and other deals. You will not have any problem recommending the stock to anyone, once they announce the stock dividend. Because the dividend is worth more than the stock already. And we're just starting.