Are you new in this stock? In that case, welcome! :-)
EC is short for Euro China Capital, the Swedish investment firm that agreed to lend SIAF $25 million through a convertible note last September. The agreement also included restrictions for issuing new shares, or dilution, which had been a real pain in the @$$ for a few years, up until then. This is the cause of the up trend we've had since early September. With this latest announcement about new CFO, Nordic IR, the new loans announced in the 10-K and new financial advisor anyone has to agree that ECAB or EC, call them whatever, has been the best thing that has happened in years to increase shareholder value.
$30 should be sustainable. SIAF would still be severely undervalued at $30.
The price requirement for NASDAQ is something like >$3 for 5 consecutive days prior to the listing (or >$2, but I think it has to be for a much longer period of time). Then there's also requirements on number of shareholders etc. For First North the PPS requirement is €0.50, roughly $0.55. The minimum price for listing in Oslo is 10 NOK (~$1.29).
This year has so far been really exciting, and there's more to come. I'm sure of it.
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