It's not a new company, but they definitely falls under definition of a start up company. They are still proving it's business modell and scalability.
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And some basic facts for those who doesn't think SIAF is achieving anything tangible.
Sales Revenue 2010 - $10,919,000
Sales Revenue 2013 - $240,000,000++?
Net Profits Continuing 2010 - $8,501,000
Net Profits Continuing 2013 - $87,000,000++?
Assets 2010 - $107,768,000
Assets 2013 - $304,000,000++?
Remember that this remarkable growth is achieved during the start up period!
And people are wondering why swedes are "happy" with their investment, you have the answer above, but the biggest difference is that not many swedes reads the daily nagging on iHub. And I think that most Swedes that has put large amount of $ on stake here are not new to invest in startups and can tell when the company is moving in the right direction and has probably a litle bit more patience then the average investor.
Now during the startup period and building of 12+ new companies/businesses simultaneously that will interact with each other... they are trying to list on Nasdaq... I mean, give them some slack and don't keep your expectations too high. Something great is being built here, just take step back look at what they actually as achieved for once, not at what they have not achieved.
AI
