"This way, by spinning off the subsidiaries, each will be evaluated on their own credentials rather than on the market-manipulation of SIAF shares that continues to occur."
Yes, this is the biggest question mark. In fact, market manipulation is prohibited in the United States under Section 9(a)(2)[2] of the Securities Exchange Act of 1934.
In my view, one can only interpret this statement as market participants are conducting market-manipulation of the SIAF share; the company knows this and has reported this to the regulative body (the SEC), but the regulative body fails to enforce the law and thus the market manipulation continues and therefore SIAF complains, like in this filing.
I would be very interested in hearing a more detailed explanation of what the company actually means with that statement.
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