Sino Agro Food Inc (fka SIAF)

[snow]

I don't think it matters much but the Merkur market appears to some extent to be under a cloud right now. The reason is that one of the other companies quoted there was recently fined one million Norwegian crowns for what in my books looks like swindle when the stock started trading at this market. The net effect of what happened was that the real value of the stock appears to have been reduced by more than 50 %. A couple of the leaders of the company had the right to convert some money the company owed them to shares at a price which was about 2% of the stock price as far as I remember.There was no information about this extremely important fact when the shares started trading. This meant that the share count exploded by more than 100% when those leaders converted to loan to a high number of shares, increasing their stake in the company dramatically. The stock exchange considered delisting the stock but decided not to do so since this would not be beneficial for all the shareholders that had been swindled. One risk is that this scandal may affect the readiness of the market to buy shares on the Merkur market which is less regulated than the ordinary market.