Kavdiv 98, I have noticed your negative comments regarding Eric’s appointment as a CEO for the Swedish sub and demanded that he should be fired if he doesn’t deliver a bond financing within three months. I think your criticism is misplaced. First of all you should realize that a bond for a US company with operations in China will meet many skeptical investors. Furthermore, if the latest audited numbers are from 2012, and the company since then has changed the auditor, it is a no go. Don’t expect any action from bond financing before the edited 2013 numbers are out.
You also criticize the hiring process of Eric as a CEO for the Swedish sub. The main purpose of the Swedish sub is to facilitate capital raisings and IR rep. I find it natural to hire a person that has good knowledge of the company in the first place. Furthermore, I believe that Eric was already working for SIAF as a consultant before he got the position as CEO for the Swedish sub.
You also blame Mr Sandberg for the Penser failure. I say, that is a failure for the entire BOD not just one member. The same goes for the dilutive financing strategy. It is the responsibility of the entire BOD, not just Solomon although he, with his golden shares, can practically run the entire show. It is actually because of Mr Sanberg that I have taken a relatively large exposure in SIAF, not because I think he is a genius. But I am convinced he is not part of a scam. He might get fooled though, and other might go as far as saying he is a fool. I for certainly don’t buy all of his recommendations. One for example, Cassandra Oil, I wouldn’t touch with a stick.
