I agree that we should not count the chicken before the eggs are hatched. But I think we have good reasons to believe in the overall progress based on the milestones reached so far, be it Q2 and Q3 results exceeding our expectations, or the distribution and marketing centers being set up before target (centers in plural now with another Wholesale center set up in 2012 besides WSPS), or the 2 restaurant chains instead of 1...
As for the uplist to a swedish and a national US exchange, I believe we will be listed on FN in Q1 and on an US national exchange before EOY 2013. I actually have little doubt about that. FN should be an easy target from here since the 0.50 Euro threshold PPS for FN listing is not fixed as mentioned here before, esp. with SIAF's army of swedish shareholders and supporters that other FN listed foreign companies didnot have. As for an US uplist, I think by EOQ2 we should qualify at least for an AMEX uplist. Here I rely on Nisse's expert assessment of P/E valuation on FN than on anyone's here. He said we should start in a P/E range of 2.5 to 5 on FN. By the end of Q2'13 I expect an ttm eps of 0.85 (assuming a WAOS of 110m!) and with a conservative P/E (based on Nisse's opinion) of 4, I am expecting a PPS of $3.4 by Oct/Nov which would more than qualify us for an Amex listing. So I have no reasons to be skeptical in this regard.
