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zerohedge

12/10/16 11:38 AM

#107940 RE: IKEA #107935

let is count the ways.... not....

*succesfull pre-IPO
impossible for years in hong kong since they'd need to sell 25% to qualify and there's no way to audit the subsidiary. there are real chinese owners and then there's the SIAF WFOE owner and whatever else. it's a mess.

*sucessfull IPO
since audit can't happen there's no reason to look at #1 legally or otherwise.

* suitable PR-firm
without audited numbers with a big-4 (good luck) there's no PR firm that makes any sense. can't get a real firm behind the stock because it's a looming scam. HK bulge bracket firms dying to follow SIAF or any of the subsidiary spinoffs? you have to be kidding.

*successful stocking at Megafarm
won't matter because it't like taking someone else's warehouse public. it's an asset but it's a single asset. you cannot take "one quarter or 20% of a building into an IPO so just stop it. absurd. nobody even knows who owns it and who the subshare-owners are in the farm. the new debt makes ownership even more dubious.

*wider communication to institutionals
there are no institutionals in an OTC billeting board stock. end the charade. show us when SIAF has ever - ever done a real bulge bracket roadshow or roadshow with bulge bracket analysts to review the business so they would pick up coverage? impossible.