Round figures, SIAF trades 6M shares per month, and issues 2.5M new shares, all of which are sold some time.
I don't see any compelling reason to believe that will stop for now unless or until we hear differently, via FN listing and a subsequent bond deal or private placement.
However, if there is a flexibility to put the brakes on the issuance, and the dumping abates concurrent with the new listing, have to figure that the trading dynamic without 40% of volume coming from financing sales would be dramatically different.
That's the current hope; that the FN listing catalyst in March coincides with an abatement of dumping so that even if there is no bond deal, new equity financing can be done at some non utterly ridiculous p/e.
Alternatively, or in addition, I suppose we could see a jump to 10M-12M shares per month with a lot of days like today, using up the financing shares.
