Stockwise, I could not agree more. I said the same thing in an earlier post:
The last thing we need in today's environment is a reverse split. Qualifying for the NASDAQ can wait. Let's earn our entry by a steady gain in share price with solid fundamentals.
Nearly EVERY reverse split negatively affects the shareholder. The price almost always goes down. It's the last thing we/SIAF needs. Let's go up the old fashioned way.....by company results...not by artificial means......Patience!!!!!
NO REVERSE SPLIT please! I've seen this so many times: a pink sheet stock or Bulletin Board stock passing audits, passing SEC registration, and then become impatient, reverse split the stock to trade on Amex or Nasdaq, and from there go all the way down...
Examples? NEWN, BSPM, LPH, GURE,...
They all trade far below the initial minimum PPS which they only achieved by a reverse split. Shareholders lost money big time.
World economy these days is not too strong, markets reacts frantic... why on earth would you reverse split right now??
Really, I prefer a slow but steady price increase over time as SIAF businesses mature. After a few succesful Quarter reports, it really won't take long before our darling would achieve a minimum PPS for a listing on a 'big' exchange, WITHOUT reverse split.
Again, I would prefer an Asian listing (higher PE and thus better for us shareholders).
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