Company has EPS skyrocketing every year and its growing very quickly on y/y basis. Thats disappointment? Thats what you should care about as investor on first place in my opinion.
Plus it was clear SIAF was going to issue shares, they said it and it was obvious from their balance sheet. Only the combination of debt + no cash + no real positive cash flow coming gives you know what is invevitable.
Anyway, its always about how are the money used when a company makes a public offering. I dont think that a company with 40M shares, 3,5M debt and EPS of 0,20 is better than a company with 70M shares, no debt and 0,40 EPS (the numbers are just for example but they partly follow the SIAF figures).
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