Replies to post #93153 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

it's about credibility and always has been the last 5 years.

That's not the whole story though.

NUIN's CEO gave up majority voting power a year ago. The stock rallied from $2 to $3.50. Did institutions buy? Nope, now it's trading at 65 cents. 65 cents! If anything, it is because there is zero growth. At the moment...

Without those extra 5 kilograms SIAF would be trading at a P/E of 1 instead of 2. Perhaps even lower given the failure with uplistings etc.

I think Solomon has already proven that he can grow the company profitably. I don't think anyone questions his capacity in this regard.

So, in my view it's all about growth. The growth story. Not necessarily the growth rate. There is a difference between the two.
Problem is, prawns are not "hot". OTC and China isn't hot either. Perhaps prawns will be hot in Norway. I'm sure that's what they are betting on.

[EagleCheck]

Yes agree and the BOD knows of course this.

When I met Dan Ritchey 2 years ago he said regarding Nasdaq that "there is a disconnect here". What he and Nasdaq meant was that the EPS didn't match the PPS. Ie Credibility.