Perhaps we are the only 2 here still buying SIAF shares. My reasons are as follows:
1. We will be getting results for 2019 in the 10K within the next 30 days. That filing could drop at any time, within the 45 day extension period. SIAF often files for extensions, but seldom waits until the final day to file. Assuming the same will happen on the 10K. They have already pre-announced some numbers, which should result in solid EPS.
2. They have to file publicly the settlement agreement with the plaintiff's in the shareholder's derivative lawsuit, before June 4. That could also be filed at any time, and with the recent public correspondence to the Judge overseeing the case, the pressure is on to file that agreement sooner rather than later.
3. The most recent PR from SIAF stated that the S-4 and S-1 for the Preferred G-share is "progressing well" through the SEC process. What that exactly means in SIAF-speak we don't know, but we do know they initially stated that the offering targeted Q3 2019, so they are only behind by about 2 quarters at this point(LOL).
Announcements or news on ANY of these 3 items could provide an impetus for the stock to move up. At this point, most investors have given up, and that's just when the stock can begin to move up again. Lately, it has been holding at this level, and showing some stability, which I also thin is a good sign.
Anyway, that's why I'm still adding a bit here and there.
