Sino Agro Food Inc (fka SIAF)

[viking86]

well said FT. We have seen how too much ownership at a time when cash flow is insufficient to support it has got this company and its shareholders into deep financial trouble. Stop the greed of ownership and reward the shareholders.

I'd prefer see us own only 25% instead of 50% of the MF in the next 3-5 years until the company has become solidly cash flow positive (even if that means missing the time window for majority ownership of the MF as defined in the contract). The company should in the mean time use the excess cash toward buying back shares and paying its long-suffering shareholders a decent quarterly dividend yielding something like 3 to 5% annually. Let's be content with the superb tollroad structure that Solomon has crafted for us consisting of guaranteed income from 100% resale of a LARGE production number (at approx. 15% net margin), consultancy (50% margin) and management fees (5% of sales?) regardless of where prawn prices may be next year or in ten years.