Though an uplist is requisite, a dual-list in Sweden is even more important to support the share price. The further the shares are removed from the US-listed Chinese microcap malaise and into steady hands, the better. That's one of the reasons that SIAF is one of the very few CGS names up YTD, as the majority of shares are tightly held by long-term investors, not short-sighted flippers. (the liquidity is just not there anyway)
Ironically, I expect PPS volatility to increase on an uplisting as liquidity increases. Of course, this doesn't affect the intrinsic value of SIAF, just day-to-day swings.
I'd prefer to see the company reach price thresholds organically as opposed to reverse splits, although at some point further down the road it might be considered. As silly as it seems, PPS does matter to institutions, with $5 or $10 often being the barrier for purchase.
With that said, I'll be in this one for much longer than two years. Provided they execute on the biz plan, I don't think double digits is far fetched by then, so put me down for 100,000 shares.
And I think any of the ideas previously floated on the board are fine candidates for "anticipated" announcements, though I hesitate to "expect" much more than a decent beat on .29 for 2010 and perhaps slightly revised upward guidance for 2011. All else will fall in place in due time. Patience and conviction should be handsomely rewarded here.
All IMO, of course..
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