Replies to post #153347 on Sino Agro Food Inc (fka SIAF)

[emptyone]

Martin, I have been saying the same thing for years. You have a Narcissist running the company and it highly unlikely he will ever step down yet alone admit his mistakes. Maybe the best way to heal our wounds is to stop hoping against hope and riding momentum stocks like SHMP. Hell it was up another 40% today and they look like they have a real legit management team. I am so sick of the lack of of talent at SIAF it really is a Mom and Pop shop and it is too bad because it really could have been something with the right team leading it. At any other public company they would have been terminated a long time ago and the Board would have been sued for lack of fiduciary duty.

[snow]

Martin SIAF had at most earnings of more than seven dollars per share and fast growth was anticipated. If the business had been in the US the pps might have been more than 200 dollars per share. Based on earnings per share a pps of about one dollar would more or less be the same as 17 dollars then. The acute financial crisis in relation to ECAB and the uncertainty this creates is one important reason why the current pps is so low I think. The lack of information from SIAF in this context increases at least my worry.