Sino Agro Food Inc (fka SIAF)

[randall899]

Please don't mind me I am just passing time. A good reason that I think for no more dilution : Accounts receivables are money owed to the company. They would usually be payable over a specified time frame . They are usually short term. Weekly or monthly. Look at the balance sheet. There is over 80 million dollars entered. If this company can not operate on that Then this is trouble. I do not think the terms would be longer than a year and 80/12 6 million dollars. If they can burn 6 million dollars in a month I would become frightened because they are generating other revenue. I do not know the financing terms extended to the companies they lent the money to. Generally this money would be due in 90 days or less. The money was probably selling to vendors on credit. I can not be sure. It is not good to assume anything. If you are in business and you are going to collect that much money over a specified period of time then you should have more than adequate liquidity to carry on daily operations. In my mind there is no way around it. I do not know the daily operational expense off the top of my head but it can be determined by dividing a certain number off a financial report by 30. If they must issue more equity to sustain, then you can be sure they are full of something . No more equity issuance should be needed. That is my view. Of course That does not mean they wont. In fact I feel a dividend payment announcement is looming. As these notes are paid we should get some too. My reasons are sound. My mind could be deluded but I have experience in this area. In real life business operation.