Let me tell you my story:
I bought SIAF @4 USD for a decent portion of my net worth in 2016 and sold just above 1 USD to put it into Aura minerals and Gran Colombia Gold. Needless to say it was a painful experience, since I way oversized my position and did not stop losses since I believed the deeper the share price goes, the more attractive the share gets.
I always looked for another entry into SIAF, but two days ago I watched this documentary The China Hustle and this was eye opening. I always knew about the scam that was involved in this space and always believed SIAF was not a part of this. But this one line in this documentary about the dilution that the company used to stay alive hit me. Immediately SIAF came into my mind, this is exactly what SIAF did the entire years. And how could I possibly judge that SIAF is honest with the accounting even I never even saw the operations by myself?
And as the documentary shows some companies made shows just for Investors.
If nothing else just watch this documentary, what you make of it is your decision. My decision has been made, I will never touch stock again. If it’s not a fraud, good for the investors. But it more and more smells like it.
