Sino Agro Food Inc (fka SIAF)

[Emilez]

Got an e-mail from Chad and he said that "they" had bought up a similar amount of shares that they would retire. So the deal will not have a dilutive effect on the outstanding shares.

I don't know in what way the shares will be retired. If I don't remember incorrectly Solomon has retired shares that will be brought back to normal shares when the time comes. I.e. those shares can be counted on as diluting the outstanding shares because they will become outstanding shares in the future. The only thing is that they don't receive dividend until they become normal shares.

Depending on who "they" are who bought up the shares I suppose the deal could either be dilutive or not dilutive. If it was the company who bought the shares and retires them the deal will not be dilutive. If it was some other persons from management who bought the shares and retired them I guess we would have known due to insider reporting? So I assume that the shares actually have been bought by the company and that they will be retired in a manner that really is non dilutive (as compared with Salomon's retired shares which should be counted as dilutive).