I agree with everything you've posted recently. Obviously there have been mistakes from management. We have shorts that claim the company is fraudulent which has been refuted several times due to those who have been on investor tours on company assets, those who have business relations in China and have verified SIAF's business through customers, those who have spoken directly with Tony and other operation managers, the company paying out cash dividends for years before, as well as with the F-share etc. etc..
We finally have a cash dividend policy which everyone argued would never happen. As RD pointed out it looks like the $.55 batch of shares is finally done hitting the market since it's been months since not having an increase in O/S for this long. August, we'll probably get an X-date for the Tri-way distribution as Dan has figured out a way to distribute it "almost tax-free".
And technically speaking it looks like $.34 is the new higher low, and we've never had a higher low in years. To make a higher high it looks like we need to take out $.44 which might actually coincide with the 100-day by the time we take it out since the 100-day is at $.48 right now and has been the very long term trend that has yet to be broken as Redbull and traderfan pointed out. Technically, the stock has never acted this positively in quite some time so it looks like we've finally hit a turning point and bottomed. For most shareholders they sold just because they were sick of it going down. Well if it starts to go up now we'll get some buyers again, especially given the improvement in fundamentals and now getting paid a significant yield to wait. Cash dividend was the first step towards getting institutional investors so I'm glad they did it.
