I have always said that every year we have to wait is another $150M cash generated by the plantations. Or $1/share. Every year.
They wanted to straighten things out when Corona hit in 2020. I even predicted that it would shake things up over there as the government needs the cash, which they can't access now because we own 17% of it.
We have been extremely unlucky these past 2-3 years that we haven't been rewarded yet. Even though the stock is up 700% from the lows. But it is only a fraction of the reward we should have gotten.
And still people don't listen to me. But they are very quick to blame me when they lose money or when they miss out.
aandt "With Solly there is no plan ..." In fact I read a very detailed and impressive business plan for SIAF before I bought any shares and before business activities had started unfolding on a significant scale. It mush have been somewhere between 12 and 15 years ago as far as I am able to remember. China was very backward when it comes to farming methods. The basic business idea was to introduce modern farming methods to China in cooperation with the local authorities as far as I remember. The most important flaw in the business plan seems t o have been that the farmers were very poor and needed credit for a long period so that SIAF had to function as a bank. It was uable to grow very fast without selling a lot of shares at a very low price since it was unable to borrow the money needed for expansion on acceptable terms. Later it made two very big failures that cost a lot of money - a butchery and the Mega Farm. Thses turned out to be tiltal failures. For several years things appeared to be going quite well but the stock price never reflected that and the sharecount exploded.
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