Sino Agro Food Inc (fka SIAF)

[RealDutch]

Of course. But the carve-out has already improved the cash flow situation a lot for SIAF.

1) The $55.1M that Tri-way owes SIAF will probably be used to take care of cash flow during ramp up. 2) the MF partners owes us $30M in cash on top. 3) There is a fish pond worth $17M although that one may be settled already as part of our 36.6% stake. And 4) the latest CA fish sales, due from third parties. That was a significant sum as well.