Sino Agro Food Inc (fka SIAF)

[Redbull84]

The Swede

Quote:
We should see a reduction of assets during Q4? 19M?
Why? Are you talking about the $18m asset that they will sell? It will probably not happen any time soon.

Quote:
When exactly will we see Siaf:s ownership of 36% in TRW?
It is since Oct 5

Quote:
What exactly will TRW owe Siaf when the deal is done? When will this be paid out to Siaf
14 + 5 million dollars.

RealDutch

I might as well answer it.

Quote:
We should see a reduction of assets during Q4? 19M?


Possibly some of the $18M fish pond.
Possibly some of the $6M deposit for FF2.
The abattoir, depends on the plan I think. Whether they plan to shut it down for a longer period. Probably not.
Possibly the $30M out of $40M CA receivables. I'm still trying to get clarification from Peter on this. Because we don't want this cloud hanging over us until late March. Perhaps they will address it, and explain in detail what the latest conversion really means. If not, fear the worst.

Quote:
When exactly will we see Siaf:s ownership of 36% in TRW?


As of Oct 5. The majority will reflect 36.6 ownership from TRW in Q4.

Quote:
What exactly will TRW owe Siaf when the deal is done? When will this be paid out to Siaf?


$14M. Any day. Faster if TRW gets the loan. Another $10M from the MF partners (or TRW) if they have the money. Should have received it already, after oct 5.

Thanks guys for filling in my gaps, it seems like this may need some more work and isn't a sure thing yet though. My concerns are loans, will SIAF be able to pay them off? Next due date is in March? That said IF the loan lender haven't already sold all their collateral shares already.

But then my next question is why the BOD isn't telling the truth about this if they're done selling.