And here we go again.....
So I read this forum every day and I like what I read but sometimes I just have to stop and ask a few questions...like today...
First a warning to some of you who has a large photo of Solomon on their bedroom wall and every night before you go to sleep whisper "I love you". Sorry not go to sleep, cry yourself to sleep since the share price is so low.....maybe you will not like what I write...
The scenarios are as follows. We have this guy, he is a CEO of a company that we all love. He tells us one thing and does another, Why? Because he can and no one can do anything about it.
Ok, some of you are emotionally disturbed by the dilution. I am on your side, it disturbs me too and I do not know how we will stop it. Does the CEO read this board? Naah probably not. If he did would he care? Probably not. Why? because he has his thing, his 5 year plan that he set up a few years back.
In his mind he had this great scenario of building the best company
in this segment in the world. So he thinks about it before he goes to sleep, he wakes up in the morning and look himself in the mirror saying "I am the best CEO in the world I will have my vengeance in this life or the next" So he got robbed by banks a few years back he doesn't trust banks but he do trust people with his shares of the company that he loves so much. But looking back that is the wrong thing to do. How does a chinse worker set up a brokerage account and sell his small amount of shares? Or does he just offer it to big investors who just want money? or who gets the shares issued? Anybody knows? He starts to understand that it doesn't work the way he wants it to work. But he will not change since he has a plan. Right? It is like buying a stock from a company for $10 dollars and see it fall to $7 and then tell yourself everyday it will go up since you decided that 5 years ago. It falls further, you have no idea what to do, well believe in yourself, you are the greatest..but it goes to $1...over and out. Gone . Just becaue YOU decided what would happend doesn't mean it actually will.
So comes next 6 months and he do the exact same thing again, and again and again.... but people are happy... the blame the market for Chinese growth companies, the liquidity, short sellers etc.. Why not blame the CEO? It was his decision. Then there are the conference calls. Be nice to the CEO, hold it on a normal level. Why???? Why not ask him the same questions that are asked here every single day? What are you afraid of? That he will tell Chad to pretend it is eternal summer in China and stop the nonexistent communication with the market?
Chad by the way, you got your liquidity. Congratulations! Maybe you realized that it was not that easy since the share prices is dead. So if no one promotes the company? Ahh we just got a million Swedish players that will absorb the market. the CEO knows that. But now what does the company do about that ? Any roadshows? naah, they invite a bunch of Swedes (who already bought up 60% of the company) to a roadshow. They promise that after the summer things will happen.
Listen! It doesn't work! Try something else. A good company builder will admit that he/she was wrong and try something else. If you can't walk on water build a boat, don't try to walk over and over again. Dilution doesn't work! Some people here say it doesn't matter about the dilution (in the long run) still those people spend their all days here complaining.
Some of you never said one single negative word about the CEO. Does he scare you? Some of you blames him for everything since you are to afraid to ask questions. And everytime well before at least when SIAF did send out press releases everybody was cheering and loving the CEO and the IR for being the best guys in the world.
So why does it take almost 14 months for a company to set up a board?
Why is the photographs of the SIAF constructions sites not updated more often. Chad can't be the only one with a camera that is paid by the company.
You guys who went to China did you meet any workers on the farm?
How much does it cost to hire a construction worker in China? Or does he fly over workers from the US? What are the salaries of the people working for SIAF. WE Know the CEO makes a woopping $400 000 or so but the rest of the staff.
How fast do the build a farm, seeing chinese comapnies build tall building in just a few months, can't take that long to build a fish tank.
I read somewhere that people in the US was paid for services to SIAF. What companies? Are they friend's of the CEO or what?
If you had a company with the eps that SIAF has do you really not think that anybody, anybody in teh world (7 billion people) would invest under PP like forms. Do you really think the CEO and his "gang" has tried everything there is in their powers to avoid diluting? I don't think so. I think the CEO is way to stubborn to admit that he is wrong.
Maybe he is the nicest guy in the world but far from the smartest. He doesn't understand the market and he lacks the flexibility of a company builder and entrepreur, the one that adjusts himself if what he does doesnt work. "Be like water", like Bruce Lee once said.
So why do you people love the CEO? Because he .... ahh.. no..not that.. naah.. I don't know .. can you tell me?
Ahh one more thing. Since the Ironridge deal, the stock promoter, Chads nagging about liquidity and the dilution some lost their respecty for the CEO, so he just keeps on going and doing what he thinks is the best (which obviously isn't at least not for the share price) and puts his hands to his ears sits in the corner and mumbles "I havea 5 year plan, I am the greatest, why can't you see that?" . So when he gets questions like "who sold their shares?" Of course he doesn't know since he just can't think of anybody who would ever sell.
So he tells us that he will not dilute over 100 mil shares and a few weeks later he raises it to 130 mil. And now people think that he has some brilliant plan about that. Get real! He hasn't he just is way too stubborn to let go of his plan. His precioussssss...
Yet some people here present one solution after another that the CEO has thought out since he is a master planner and the best CEO in the world. His track record is in altzeimerland and his mind there too. So what will he do with the extra 30 mil share ? A) Dilute like did always did or B) Read this board and listen to the shareholders for once and stop diluting for a few months and do a bond deal and something else.. maybe a derivatives deal connected to the cold coconut oil in india.... or something else since he is brilliant! Newsflash for you, he isnt!
I don't think he cares. Why doesn't he want to have th shareprice go higher? Why no roadshows? Why not trying to sell his brilliant idea to investors around the world?
He doesn't know how it works, the market probably scares him.
Maybe I missed something here but if I was a CEO of the best company in the world with a great future and wanted to turn the shareprice around I would buy shares. I would buy shares of my own company, I would believe in my idea. Since we lost respect for what he tells us maybe he has to show it. Yes, true he has gazillion shares but still it would send a signal. I trust in this. But he doesn't. Anybody know why he doesn't? I know , he doesn't care about the market. The real question is why doesn't it?
It is time to start asking some questions. Who is with me ?
ps. I am frustrated with the share price. Some of you probably say the same thing as you always do "if you are unhappy with the CEO, just sell" . Well I am unhappy with the CEO but I like the company idea and that helps we buying more shares, having increased with share count 200% in the last 2 years. I just think that we have the right to push him up against the wall and start asking question.
Cheers
JXB
