There's quite a few differences between SIAF and here. Biggest one is no Solly here to destroy everything.
Here we have 83% owned by State owned Gansu Salt Chemical.
Here they went completely silent for several years and now have come back with a plan and are working the plan. With Solly there is no plan, and nothing left to plan for. Anyone who tried to help with a plan was ignored. Remember, Solly's ears don't work? Can't remember who said that, one of the many intelligent people who tried to help.
We don't know exactly what they are going to do here, but there are many signs of life that are verifiable. The realized value for shareholders is hard to predict. There are many unknowns. But we know the asset value from previous filings.
They have already made many mistakes and will make more along the way. I tell everyone who is paying attention that great patience is required here. But I believe the patience will be worth the wait.
Recent activity is pointing towards being closer to resolution-
They hired Merrill Lynch for Investment banking recently. Not sure why they would do that unless they needed them for something, perhaps related to dividend distribution?
Jove Therapeutics seems to be one of the new directions for the company. They can't do the funding process without the dividend being complete first.
There are other signs as well. But the point is... this is quite different from SIAF, and I was quite deep and burned badly from Solly, so was very wary coming here too.
Bullish
