SJAP (Abattoir) close to $30M investment. SIAF was the financing partner. Partly financed from dilution and partly from profits (mostly CA).
But CA reinvested a lot in aquaculture as well. Either through deposits or advancements or building the "fish pond" etc. So that the aquaculture assets amount to something like $250M today.
Dilution never really was the problem in the past. It was dumpage. Issuing shares to people who don't want to own it.
Traderfan " I remember we got huge dilution apparently for the Abbatoir stuff and what exactly came out of it? Didn't we recently basically give that away or it's dead anyway? I personally think Solomon and the company financed and supported a lot of people in China over the years on the back of shareholders." I think this is quite a precise description of what has happened. The intention was not for the abattoir to handle imported carcasses. It has been a failure from the beginning and a disaster for the shareholders of SIAF. It is not strange that Chinese politicians are very happy about the way SIAF has contributed in their local communities, partly financed by non-Chinese shareholders.
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