You've been taking a lot of heat for being bullish on SIAF still. As long as the company delivers the Tri-way dividend this year like they already said they would the stock will rally significantly. As long as they announce the ex-dividend date for the cash dividend and eventually pay, like they've already announced they will do, the stock will rally significantly. As long as they follow through with their plan to end dilution, the stock will rally significnatly. So far we are still getting through the $.55 cent batch..which is why there has still been pressure on the stock. If they finally announce financing, the stock will rally.
The update on the Tri-way dividend, cash dividend, and share issuance policy are all new from this year and more detailed than ever before. The problem is the market doesn't believe management because of previously missed deadlines. I'm not sure if there is a lower bar set but all SIAF has to do is deliver and when they do the stock will rally like crazy. That's all it comes down to. It is amazing how the daily share price affects peoples' odds of management delivering. On an up week they will deliver and everything is awesome. On a down week the world is ending and they're all liars.
If you don't think they will deliver, sell. If you do, then buy or hold. We will find out soon enough though. The reward for them simply following through is enormous at this point but to each their own.
