EVERYTHING makes PERFECT sense.
You just need to let yourself admit it's a scam.
Assume they have only perhaps 1 aquafarm or maybe not even that, but what is done there is done just to have some "front" for the market. Assume there never was any loan money between Siaf and TRW, it's just show to flash money. Assume (like it is publicly) that Siaf and TRW are the same scams, same Solly, same aquafarm pics milked. Assume that all the other businesses are JV stuff where they have no right for cash flow or ownership.
Now after this, the share price $0,21 makes perfect sense, no dividends makes perfect sense, no bank loans makes perfect sense, no selling of assets makes perfect sense, all toxic loans make perfect sense, dilution at "1,5% of the book value" makes perfect sense, all the stories without result make perfect sense, no customers seen makes sense, no harvests make sense...
Just a scam. It mind boggling that you admit that it makes no sense but you don't allow yourselves to let it make sense.
There's reasons, motifs and sense in this world. The Siaf management is not irrational, they run a scam and this is what it looks like.
