Thats understandable but this is not about business itself but financing it. And come on, there is really someone who believes that seeing financing dumpage at P/E of 0,6 is really totally normal? There are trillions of USD/EUR/GBP around that would kill for several percents per year and here we have a company valued at piss poor 46-50M USD, a company where investment is back in a bit over half a year, a company thats supposed to be growing 100 % per year for next several years, a company that promises you unreal dividends in 2 years and on... and they cant get ANY KIND of normal financing? That just doesnt add up, things are not this way in todays world.
Either SIAF is not the way S tries to tell us OR Solomon is totally against any different financing money and seriously is not interested in any other party. And sadly, this dumpage at whatever PPS suits him and he is comfortable about it. Either he lies or doesnt try to find a different way. Nothing in the middle.
In this regard, I believe Nisse and co. somehow forced Solomon to double list in Sweden and to try to get other souce of financing. Imho its their reaction to the dilutive show Solomon has been doing so far. Its rather simple - as long as JF wanted to increase their stake at SIAF, it was ok for them. But if they are full and overloaded of SIAF and Solomon keeps diluting, their stake is falling down, dividends are falling down and so is PPS from the selling pressure.
2013 will decide what gives. Do or die in my view.
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