The response should have been more forthcoming.
For instance,
The company's 2012 capital development plan projected limiting funding from new share issuance to 10%-12% of $103M. This level of capital development for a company the size of SIAF is truly remarkable, a testimony to its extraordinary growth rate and immediate opportunities.
Not only is NTA dramatically increased, so are earnings, as the businesses, their speed of development and margins warrant very fast growth. On top, the plan for vertical integration solidifies a competitive advantage.
When the 2012 plan was committed, the company did not foresee such a low share price; therefore, unfortunately more shares than anticipated had to be issued to pay debts incurred. Nonetheless, thus far, the company has met its earnings projections, also part of the plan.
Understanding the situation for loyal shareholders throughout 2012, in the third and fourth quarters of 2012 the company initiated steps designed to both continue to realize ongoing growth opportunities and to finance the same more opportunistically. These steps include applying for listing in Sweden, which when realized will be the only Chinese stock traded there. It is sensible that a large new audience will add interested investors. Concurrently, there will be new PR/IR efforts.
In addition, if and when traded in Sweden, alternative financing mechanisms are expected to be available to the company in 2013.
AI
