Having been on the investor tour in September 2012, and in Stockholm two weeks ago, I discerned a major difference in the company's attitude toward issuing new equity. Solomon has been listening! Now, it's a matter of execution rather than changing of intentions.
I think the first preference is a large bond offering. At first it appeared that the best chance for this was in Sweden. However, that seems to be dependent on the timing of Penser Bank getting SIAF to an FN listing. In Stockholm, we learned that efforts are being made to place a bond in Hong Kong or Singapore as well. It was clear to me that these initiatives are Solomon's priority. He and George are actively working on this.
Of course, such efforts are not simple. This is relatively new ground for an OTCBB Chinese company, so probably won't happen overnight. But I feel comfortable knowing that efforts are underway, plus the company appears confident.
Mention was made of giving preference to shareholders for a possible adjunct or ancillary bond at a later time. At this time, however, I believe that there is no equity rights offering being contemplated.
