Sub; Ask the market :-)
Well, Solomon isn't known for keeping his promises, at least not in the time we gives, so I guess one reason is that people don't trust that we'll hit any triggers soon and thus it is better to wait (so far it has obviously).
Also, I expect Q3 to be bad (not necessarily a loss, but lower than what we're used to). Maybe people are witing till after Q3? (historically the PPS has increased at Q-reports though, but not for Q2).
Further; There are rumours that some of the collateral shares have been sold, and hence speculations that these shares might be lost (i.e diluted). To me it seems obvious that we either are hit with naked shorting or that collateral shares are sold.
SIAF also is "too good to be true", so many people assume it's a scam. I will leave that judgement up to you, but there are people on this board that has been to China (I have not, but I have met face-to-face with a professional investor that has). Also, SIAFs 36.6% ownership in TRW is official (i.e in the records in HK).
Also, SIAF hides the bad news and spin the good news, so a rule of thumb with SIAF is "good news are not neutral, bad news are horrible, and no news are bad news". Well, I believe that to be partially true at least.
It also seems that someone WANTS the PPS to go down; several times Merkur (who normally trades with a premium compared to OTC) is traded in the green, but then OTC (which then is already lower then Merkur) decides to trade red (instead of waiting one day and let Merkur go up and then sell for a higher price at OTC).
We also probably have arbitrary trading, although I don't know how much that affects the PPS.
Probably many other reasons as well :-)
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