Sino Agro Food Inc (fka SIAF)

[Traderfan]

What you confuse here is the issue with the preferred shares. What you heard regarding the 91 or 92 million shares at the end of the year was fully diluted, so 7 million preferred shares.

But now the situation is that we have 98 million common PLUS the 7 million preferred until they get retired, so all in all that's about 105 million fully diluted right now, about 14 million more shares than anticipated in Q2.