Sino Agro Food Inc (fka SIAF)

[jyyoo]

You're welcome. I believe the loan will likely be announced before the end of the year but can obviously take longer. The point is that at this stage the loan is almost certain. And we all know the positive news that will follow after the loan announcement (which is why Dan may have stated the price has bottomed) As stated on the CC by Dan:

The lead bank in coordination with each of the other 4 bank creditors has already performed their due diligence, as you’ve seen we’ve had the D&B review and other due diligence, legal and otherwise. And they’ve already submitted their proposal to their board of directors

This means all banks have already agreed to terms (the difficult part). Final signatures simply need to take place.

And Tri-way’s principles have met with each of the bank’s CEOs, they’ve settled on a lending structure...Which all total just under $100M USD as of right now.

For those of you who don't know how these loans work, this is always the most difficult part. Once you get an acceptance of terms, you have essentially accomplished the "approval" process, and the board approvals are simply more of a final technical signature process.

As another poster here has pointed out, the lead bank is working for a positive outcome and as Dan has stated, "considering again that since all 5 banks have been working in concert throughout the process, the final proposal under consideration by the lead bank has already met whatever conditions each of the other 4 banks require to approve final sing off on the loan."

Short sellers can play whatever games here on the OTC, but once the loan is announced, of which I am certain of now, they will get squeezed and the price will move very quickly.