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Replies to post #72664 on Sino Agro Food Inc (fka SIAF)
Helium-3
09/27/14 2:58 PM
#72666 RE: The Swede #72664
NASDAQ Application: SIAF has applied to have its shares listed on NASDAQ. My understanding, based on the September 6, 2014 conference call, is that they have been going back and forth with the NASDAQ and the sticking point is that the stock price is below $1.00. As a result, their efforts have focused on operating the business and working on increasing shareholder value. The message on the call was that a listing is not imminent. But if the stock price continues its run, the NASDAQ listing could be a possibility. In any event, the NASDAQ application is definitely a positive, as it shows the company is willing to open itself up to regulators and is taking concrete steps to increase shareholder value.