"On the other hand the cash dividend creates some credibility in my book. Almost all the Chinese microcaps are currently trading at ridiculously low p/e ratios. Credibility looks all-important."
I am a long term investor, do I care about the cash dividend? No. Why ? I care about the investment I made to grown and in a couple of years I can sell to a high price.
The problem as I see it with Solomon is that he is the inventor and the technician but not the business strategist. He has to step aside and bring in the people who knows how to deal with things.
But maybe he is to stubborn to be the captain of his ship.
For me it is unbelievable stupid to pay a dividend when you have no money... ... I would never trust someone who says Solomonn is a genius, he is not, unless it comes to fishery but when it comes to financing his company he is not.
The theory about short selling manipulators, and people getting payed in stocks selling is in my eyes just a bunch of silly excuses to try to explain why the whole market is going down. Siaf started the year 2011 at 1.35 or something like that, then it has gone down in a straight line, to 37 cents and the earnings the other way around?
Why? Robots? Short selling? no, the market is down, chinese stocks are not popular, no chinese stocks are popular. If it is such a good deal now to buy, why dont YOU buy some more ?
And it gets worse and more desperate, people here thinks that getting to Nasdaq is as easy as just doing a reverse split, then wi go over $4 and wooppeedoo.. we are doing millions of percent change. Seriously, most of the posters here claim they are long term holders but their post show desperate solutions. Every day the stock goes down something more comes up. The newest is tax selling, hahaha when did that start? In january this year?
Just face it, market is down, china stocks are s**t now and everyone wnat to get out from these plays. I hope it turns around within at least the next 3 years....
I owned this stock for 2 years now, I am down about 40% on my average price, but I plan to buy more, and IA willing to do so. The question is: Are you?
