thebear,
As usual, you've made some good points, and it seems the line of reasoning you're following makes sense. I personally don't feel a need to try to sleuth out the matter, which my lack of knowledge of the relevant facts would prove futile anyway. I will note, though, that becuase wireline's entry price of .005 was so cheap, I had used instead laluna's price of .05 as a point of comparison with seed investors. Naturally, this figure would cut down the number of shares in question. Yet coming at it from the angle you are, which makes sense, the .05 figure may still balloon the number of shares beyond the 53,850,043 that KJB recently confirmed was the official count. Nonetheless, I would think my two basic points would still obtain: seed investors are apt to be able to sell at a profit at these prices; a certain segement of retail investors can also do so. I think one can add to this and count it as a fact that the long delays on the audits naturally wear down peoples' patience and prompt some to either bail ship completely, or lighten their positions. As long as these points seem plausible, they put a check on the "something has gone amuck" hypothesis. It doesn't of course eliminate it.
To put it differently, when I see all the intense scrutiny that has been poured over CCME by people far, far more knowledgeable than myself as to why there's still so many sellers, and yet everyone is still scratching their heads, I'm not going to bother trying to figure out who or why people are selling SIAF shares beyond the simple steps I've taken. I think the odds are in favor of the longs that SIAF management will come through and deliver on the audits, the cc, the Form 10, an eventual uplisting to a major exchange, and continued growth. Hopefully we'll be able to click off a few of these this month.
On a side note, I'm not sure where to look to find out when and for how long prices were at such and such levels; I looked at the Yahoo "historical prices" tab and it only went back a few months.
I am, by the way, in essentailly same boat as you in terms of buying in kind of high and averaging down.
Take care,
Steve
