Lucky, thanks a lot for taking the time to provide this information. That's some great effort. I think it's of the utmost importance that shareholders have these detailed information in order to make a judgement whatever that will be. Here are some thoughts on my side.
1. I think even the last guy here now realized that I have been right from the beginning that all this huge selling lately was related to Ironridge and only to Ironridge. That's crystal clear. It doesn't matter whether it was shorting or real selling.
2. Now we didn't know that Ironridge already has the shares. My guess is they were shorting the stock since they signed the deal and until they actually received their shares. If you remember on friday was the first day the big asks came down to the low 40's. Otherwise below 45 cents was thin selling only, probably from tax loss guys. So that would somehow fit into the picture that their break even is somewhere in the low 40's. To be honest I'm not sure at this point what the action was on friday. Suddenly the big blocks on the ask came way down to the low 40's and even lower. Maybe some bigger retail guys threw in the towel or Ironridge sold some for a loss. Maybe they know that the O/S right now is already higher and their floor is lower therefore. Who knows.
3. I'm not exactly sure how they arrive at current O/S a bit below 70 million. They already had 66 million outstanding in the middle of november, look at the first page in the latest 10q there is this : "As of November 14, 2011, there were 66,234,262 shares of Common Stock issued and outstanding". With the 7 million from Ironridge it would be about 73 million now.
4. Regarding the part that Ironridge won't get any additional shares if SIAF doesn't dilute going forward. To be honest I have no idea why you believe that SIAF won't dilute anymore suddenly. Look at the latest 10q. They gave out shares basically every single month throughout the whole year 2011. Like clockwork. I wouldn't see why they would suddenly stop. That said what I would be interested is when you say they don't get any shares unless SIAF dilutes again, is there a deadline for this? Does this count until the whole debt is paid off or how long?
5. Regarding that fair hearing settlement. Did I just miss this 8k or why wasn't this filed? It's certainly an important information isn't it?
6. There is one more thing that I'm not sure of. How low exactly does Ironridge need the share price to keep at the deadline in order to keep all the shares they got?
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