Maybe I misunderstood what you meant, but that is because I read what you said. I get what you meant as explained; it was ambiguous before.
Regardless, you don't want to see a listing in Sweden unless there's a coincident bond offering, even though you think the shares could fall back to double or triple where they are now?
That would cut in half or a third the final number of shares to finance expansion, if needed.
Solomon is not going to turn down a bond offering. If there is none forthcoming, but a listing in Sweden is available, of course, he'll go forward with that. As he should.
Share issuance of a dual listed company on the verge of being cash flow positive and at upwards of $2 per share is entirely different than what has transpired in the past. For one thing, it does not necessarily have to be sold into weak hands. For another, the ROI on the limited extra shares will surely increase eps, perhaps dramatically; quite obviously, 5x better deal than Ironridge.
Different deals are available to companies at different maturity levels. Guess we'll see how SIAF is maturing in the coming months, and what developments ensue to fund growth.
No matter what, the future financings will be better than the past, if for no other reason than earnings are better, NTA is better, and the cash needed is declining/ending.