Their EPS and cash flow disappears every time. If they acted as a decent company they would have announced DIVIDEND POLICY of paying out 30-60% of their EPS. So now they could have set the dates already and pay say $0,04 from their claimed EPS. But the EPS disappears every time.
They can't pay cause apparently it doesn't exist.
What's the most incriminating thing is that they did the OPPOSITE of dividend and DILUTED 100% after the "announcement". 20 million new shares.
You got in real life after the "dividend announcement" $0,50++ NEGATIVE DIVIDEND they stole from shareholders that much.
Pretty disgusting really.
Read again:
Dividend policy is the PERCENTAGE company pays from it's earnings/cash flow in the future as dividends. Very common to have that mentioned, but it's nothing to "announce", just basic information.
Siaf ABUSED the NON-BINDING DIVIDEND POLICY to throw out exact dollar amounts to fool the investors/shareholders/market, in other words to manipulate the share price up.
In a way they don't have to pay you, more so they never should have "announced" anything in this way.
Just goes to show how crooked the company is.
I hope they will get severely punished for this.
