Sino Agro Food Inc (fka SIAF)

[aandt]

here are some reads on the SAIC-SEC nonsense... clearly this is ridiculous claim by some who wish to simply make ridiculous and destructive claims...

http://china.fixyou.co.uk/2010/07/on-saic-and-sec-filings.html

http://www.prnewswire.com/news-releases/benjamin-wey---a-china-experts-views-on-understanding-saic-and-sec-filing-discrepancies-for-us-listed-china-based-companies-103869893.html

- here is an excerpt from the 2nd article-

"SAIC filings have no relevance to the credibility of a company's public filings filed with the SEC
As long as a holding company structure is involved, the SAIC and SEC numbers cannot possibly match except under an extreme circumstance in which a public company has only one wholly owned operating subsidiary and there are no inter-company transactions of any sort, including expenses, different revenue recognitions under Chinese and U.S. GAAP accounting etc. at the parent company level. Presently, no such China based company exists on any U.S. stock exchange.
Any concern over SAIC filings is just one example of the many areas that investors are just beginning to learn about Chinese business practices. Be wary of less professional advice from amateur or anonymous sources that often have untold self-interest behind some seemingly legitimate arguments. There are often stock short sellers behind many "sudden discoveries of fraud" at a legitimate publicly traded China based company. Avoiding fraud involves much more than comparing apples to oranges. Understanding China, learning to speak the Chinese language, gaining better understanding of China's complex cultural and business aspects are among the right steps one should take. "