InvestorsHub Logo

Andrew26

02/28/14 1:58 PM

#58639 RE: sopis #58638

From my point of view its impossible to estimate the value here. Technically I dont see any right now since you wont get anything from the hard assets SIAF owns since its Chinese and the company is diluting like hell. Also they have shown how terrible they are at delivering anything shareholder friendly. Thats my attitude here now and thats why Im out. Not to mention that after several random articles about businessman in China, how they think and behave I got really extremely negative about anything that has to do with China. All I can say is that the fraud wave that happened in last year is absolutely no coincidence but simply a consequence of how they think and do business.

I can imagine that SIAF might be all real and things will be great in the future. I really do. I just dont believe it now.

So at best, I can see this stock as a lottery ticket. You buy some and try the luck. But with days passing by, I see it as worse and worse lottery ticket.

I can understand some are in this stock but to see it as a serious investment is unbelivable to me; and doing some promo to get more and more people in is beyond me. Nothing against HB, actually I admire how brave he is somehow... just I would never have guts to recommend this company to anyone. Not to mention to do such a campaign to get hundreds of people in. And I guess not many people could do it.

To sum it - I dont see this stock as investable in the true meaning, the lottery ticket rating with some change money is about right. And I say this as a person who once was basically all in here. Unreal risk and mistake.