At situations like this when the share price is crashing the most common question is of course why!
Its easy to think that somebody must know something since the price is going down. I´m afraid that is not the case though.
I believe there was a lot of people including myself that was very disappointed with the lack of specifics in the last cc. At least we got info that the first two quarters would be "about like q4" as I understood it.
I guess many felt frustrated and had a desire to decrease their position in SIAF. I also think that is what we seen in the past weeks. What happened in the last days is an accelerated movement as you often get in situation like this, now partly due to the fact that investors think somebody knows "something"....
I have tried to look into the facts about this "something"...
First of all, their should of been no financing shares (printing) hitting the market since the company has to report that to Merkur. No such report has been filed. If the company would´t report such action they would be fined.... Solomon has also had a history of being very thorough when it comes to following SEC protocol, consulting with his legal expertise before he public
I´ve talked to Erik Ahl and asked him if they have started to work anything with the Q1 yet and he said no that means that neither IR in the states or IR in sweden has received any numbers. Meaning Solomon is still holding on to that. Usually the IR department starts working on the report a week or so before its published if I have understood it correctly. This also means that it can't even in a theoretical way be info about the report known to any other than Solomon. At the same time I would like to emphasise that I have the strongest respect for both Erik Ahl and Peter Grossman when it comes to not leaking any information. I have opinions about other issues when it comes to IR but none in that respect.
I have also talked to a major representative of one of our big institutions about his take on the situation.
We have a good relation and I put a lot of trust in what he says. His take was that there were no new information out there known to anybody that would be the catalyst of this latest share price movement.
He also said that historically there has been some buyers out there to pick up some extra shares when the share price has come down but those are not buying at the moment. Buyers are reluctant to buy, before they see results/progress indicating that the spin off is moving forward.
So my take after of talked to these people is that we have had some overweight of sellers lately, buyers are taking it easy. And the share price drop has triggered new sellers because of the uncertainty share price drops creates. It has some major impact on the psychology at almost everybody. I´m no exception.
You want to make sure. I think I have done that and my conclusion is at least that there is nothing new to be frustrated about.
I have also written to Dan about my concerns and the actions I feel the company needs to take to start restoring the credibility in the marketplace and first getting the uncertainty levels down from where we are today.
News 
Market Data 
Discover 
AI
