Sino Agro Food Inc (fka SIAF)

[snow]

Carog

You wrote: "Any big financing deal will probably add some dilution." Dilution is defined in different ways. To some an increase in the sharecount would be dilution even if it happened at a p/e ratio of a hundred. In my view that is not dilution in a meaningful sense.

I don't think it is obvious that SIAF cannot get a big straight loan within the next 12 months. It may be a tradeoff. The interest rate in a straight loan could be so high that it would be better to have convertible debenture if the stock price were to go so high that there would be little dilution in a meaningful sense choosing a convertible debenture.