Sino Agro Food Inc (fka SIAF)

[surfer44]

Yeah. Here in the U.S they are pumping Apple to hit the $3 trillion mktcap.

And trying to stabilize bitcoin with stablecoin. Pretty yucky if you ask me.

[surfer44]

Actually isn't SIAF now a real estate co. with revenues from leasing*?

*Kind of like McDonald's. It's not the burgers, it's the real estate!

[surfer44]

Could have also bought that real estate co.

[surfer44]

It's not investing, it's a sporting event

[RealDutch]

The fact remains, if these filthy rich people had listened to me then we would all be in a much better place.

What I have been telling you guys for at least the past 3 years, this is not the right stock to invest in.... It's that other agricultural company.

[RealDutch]

The fact remains, if these filthy rich people had listened to me then we would all be in a much better place.

What I have been telling you guys for at least the past 3 years, this is not the right stock to invest in.... It's that other agricultural company.

[ks1977]

He didn't say much about SIAF, but he did warn about chinese, russian and african companies (with management remaining in those countries) listing on the Oslo Stock Exchange - and referred to SIAF as a fraud.

At the very end he also said that he has lost 25MNOK on SIAF, and that they are going to get him (i.e Solomon) - and that he doesn't give a f whether it costs 100MNOK to do so.

I guess the write-off today is a desperate attempt from Solomon in this regard. Let's just hope that Fredly&co are able to grab SIAF from the hands of Solomon, so that we can see what values (if any) remains in SIAF and end this nonsense.

[QuartzCreekInvest]

Arne Fredly interviewed at a Nordnet panel debate:

Sino Agro Foods discussed from 32:20 onwards. Unfortunately, no subtitles available.

Key take away: Arne Fredly is adamant about SIAF constituting a fraud, and equally adamant about pursuing the matter in court, no matter the cost. Solomon Lee is the primary target for this effort. The message here is roughly the same as previous articles & interviews with Arne Fredly posted on this board.

[ROCKHard]

LOL, a mere -$53 million loss on the Tri-Ways Gem... Wasn't that the answer to all our prayers... wasn't that the dividend. One Good thing about Solly throwing all those Big Negative $$$ #'s around is he's writing off more of his fraudulent balance sheet fast... so without looking at todays 20-F, I'm sure he needs a few more huge write-downs/losses to get it to a somewhat normal shell status, or use it for another of his ScamCos in the time he has left why even try to more fraud??? Isn't Solly too old for continuing perpetuating all this Dirty Crap? I know this Criminal has slowed down but what a waste of a life lying, cheating, stealing... hurting others the way he has over all these years.. some legacy he's leaving. Devil Possessed Solly always cuts corners with fraud... but he's a major Scammer and H.E.L.L.'s awaiting his arrival.

[surfer44]

I'm just tagging along with the lawsuit. Small position.

[RealDutch]

At least I was right about the $3.5M loss for SJAP.
What a total nightmare this company has become.
I will leave you guys to it.

[surfer44]

Sino Agro Food is filing its annual report 2021

Tue, March 29, 2022, 1:00 PM

Guangzhou, China, March 29, 2022 (GLOBE NEWSWIRE) --

29th March 2022

The Company is filing a Form 8K detailing its annual report 2021 previously known as the 10K 2021 report on 29th March 2022 as a company quoted on the OTC Pink Sheet..

Summary of the financials are listed as follows:

A. In the 12 months ended 31st December 2021, the Company’s revenues and incomes are generated from the following businesses activities:

1. Leasing of business activities

2. Investments in investees

Whereas

1. Consolidated revenues are generated from the leasing of following business activities:

The Organic fertilizer operation of HSA.

Cattle farms operation of (MEIJI) & (JHMC)

Plantation operation of (JHST)

2. Unconsolidated incomes are generated from the investments of following 2 investees:

45% equity holding in SJAP

36.6% equity holding in Tri-way

B. A summary of each business division and operations is described below:

B.1. Division (1) of leasing of operations:

The Organic fertilizer operation of HSA.

The operation of Hunan Shenghua A Power Agriculture Co. Ltd. (“HSA”) is in manufacturing and sales of organic fertilizer. From 1st October 2019 the Company contracted out its manufacturing and sales of organic fertilizer to its operational management; as such income of HSA is derived mainly from said leasing contract.

The plantation operation of (JHST)

Plantation operation refers to the operations of Jiangmen City Heng Sheng Tai Agriculture Development Co. Ltd. (“JHST”) in the HU Plantation business where dragon fruit flowers (dried and fresh), crops of vegetables and immortal vegetables (dried) are being grown and sold to wholesale and retail markets. JHST’s financial statements are consolidated into the financial statements of Macau EIJI Company Ltd. (“MEIJI”) as one entity. From 1st October 2019 the Company contracted out its plantation operation to its operational management; as such income of JHST is derived mainly from said leasing contract.

The cattle farms operation of (MEIJI) & (JHMC)

Cattle Farm Division refers to the operations of Cattle Farm 1 under Jiangmen City Hang Mei Cattle Farm Development Co. Ltd (“JHMC”) where cattle are being grown, fatten and sold live to third party livestock wholesalers who sell them mainly to Guangzhou and Beijing livestock wholesale markets. The financial statements of JHMC are consolidated into MEIJI as one entity along with MEIJI’s operation in the consulting and service for development of other cattle farms (e.g., Cattle Farm 2) or related projects. From 1st October 2019 the Company contracted out its cattle operation to its operational management; as such incomes of JHMC are derived mainly from said leasing contract.

The total leasing revenues and gross profits for fiscal year ended 31st December 2021 are $10,582,565 and $4,329,605 respectively representing 100% of the Group’s total consolidated revenue and gross profit comparing to fiscal year ended 31st December 2020 revenue of $9,892,398 and gross profit of $7,567,647. The differences of the two years revenues are primarily due to the appreciation of RMB averaging from 2020’s US$1 = RMB 6.90 to 2021’s US$1=RMB6.45.

B.2.Division (2) of investments in equity investees

45% equity holding in SJAP

SJAP became an investee of SIAF since 01102019 such that its financial is not detailed in SIAF’s consolidated financials but reported under investments in investees.

The Company’s share of losses in the investment of SJAP is -$3.5 million for year ended December 31, 2021.

36.6% equity holding in Tri-way

The Company’s share of losses in the investment of Tr-way is -$52.06 million for year ended December 31, 2021.

For full financial details and related description please refer to the annual report 2020 reported within this 8K.

Contact information:
Solomon Lee
CEO of SIAF. [e-mail]

[RealDutch]

Oh, I thought that was the loss for SJAP.
Who knows how to interpret that friggin report.

And still no write-off for Tri-way.
The whole thing is a joke.
I don't think they will ever get it audited.

[Emilez]

Only 3.5 million dollars in losses. No idea if that is good or bad. Just saw some short info guess full report not out.

[RealDutch]

I don't know about you guys, but it hurts too much to keep following this company and watch it fall apart, piece by piece.

Hopefully the plaintiffs can achieve something.

[Skinny Mulligan]

Company sponsored African safaris. At least last year. No news since then. He does have some lawsuits to contend with; no recent word on that front either.

[gnufrag]

Is Solly really still alive? What is that old fool doing all the time? Unbelievable

[Gullible Fish]

I see the sales are skyrocketing and the dividends are like rain from above. When is that $100 Party the DD investors were so vocal about? "You only lose if you sell" WE SO REAL!!!!

[surfer44]

That's doable until someone complains.

[surfer44]

That's doable.

[surfer44]

Oh I forgot. I need to dump on Mr. Lee.

[surfer44]

Without you we wouldn't have any action on this board

[Gullible Fish]

Let's Go Solly

[spartyJ]

What a slow painful death!

[surfer44]

He's working man. Don't disturb!

" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=

[zerohedge]

all they're going to own is the right to cleave off the rancid fake assets and reverse split the stock so they can use the shell again. current shareholders will receive "precisely" 95% more loss from these levels as the "company" isn't worth more than the price of an empty shell.

[Gullible Fish]

SCAM CITY !! WELCOME !!! Bring your money, bring your time, we will make sure you LEAVE HERE BROKE!!!!!!!! Buy Now according to the Wise Masters of Investing!!!!! Step Right up and be the next SUCKER that stumbled upon a Hidden GEM!!!! We REAL!!!!!!!

[Skinny Mulligan]

Not buying a $275 subscription to read, but sounds like a recap of Heng Ren's lawers calling BS on Solly's response to the lawsuit. Remember Solly was disguising his African safari trip as a search for investors. He was actually poaching elephants for ivory.

[cheap10]

What Hell IS that:
https://www.seafoodsource.com/news/premium/business-finance/prospect-of-sinoagro-white-knight-from-tanzania-dismissed-by-shareholders

[surfer44]

This might pan out. Who knows. Holding a few shares just in case.

[surfer44]

My reply

" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=

[downthehatch]

That's what she said.

[surfer44]

SIAF songlist (for newbies). You can thank me later

1) It's my party
2) Cry me a river
2) Just let me cry
4) Judy's turn to cry

" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=

[surfer44]

Talk about faking it.

" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=

[LOONG]

My stake is that this is the only solution Iliad have to collect any cash..
Let the downhill dumb begin...
This is a historic document how to Completely destroy a company!

[Skinny Mulligan]

New amendment statement of ownership released.

Anyone know which convertible note this was?

Here's the positive spin: Creditors get preference over shareholders in bankruptcy. They are giving that up to become a shareholder. So it looks like they feel the company is more likely to continue than go bankrupt.

[emptyone]

So haven't visited here for a while and have completely sole and earned a hard lesson. The only thing that amazes me is that (1) this crap is still listed and trading and (2) Solly hasn't died. Otherwise it looks like nothing has changed.

[downthehatch]

There continue to be buyers here at around .07---- I take that as a positive sign.

Not sure how this will play out, but the stability of the price and continued volume is positive.

[Gullible Fish]

WE SO REAL!!!!!!

[zerohedge]

there are no assets.

there's a gold mine in china with a trillion in bullion.

go try to seize the "bullion" and see you in 5000 years.

assets that are inaccessable and fraudulently claimed are just like that.

so much value nobody wants it!!!!!! no friends at all. not a single USA roadshow in 12 years just $185,000,000.00 of debt conversions and share sales.

everyone got royally !@$#$!@~#%$ while sollysollysooooosolly sat in his opium den and crafted absurd deals and tons of worthless paper contracts without underlying ownership.

wonderful......

[downthehatch]

Thanks for posting!!

[Mike059]

Read the instructions how to trade penny stocks. (100 other trades before you get access to penny stocks). I can trade SIaf at InteractiveBrikers.

[Molle]

Where is siaf trading? Would like to sell.

[phoenike]

Hello!

I just wonder, and still don’t know how I can trade my SIAF shares
I created a account at interactivebrokers but they don’t trade SIAF shares

[Skinny Mulligan]

The court will only approve bankruptcy if there's enough cash in the company to pay the expenses of the process. They could actually have assets, but if they're not liquid, that's a problem. The most valuable assets they have are land rights; don't know for a fact, but probably not transferrable.

[surfer44]

It is my understanding that China wants to have a better relationship with foreign investors. I can't see how allowing Mr. Lee run roughshod over foreign investors helps any.

[surfer44]

Thanks for posting!

[RealDutch]

Also strong language from ECAB (And Heng Ren) about pursuing bankruptcy proceedings if no receiver is appointed.

They are not kidding IMO. Tri-way is bankrupt anyway. Also, they say they have no problem finding another 2 creditors so they can file this in the US. That is what I was thinking too, how hard can it be? Come on, Solomon Very weak defense on this one. lol.

The court will not appoint a receiver IMO. So we basically know which way this is going. They will sue the crap out of Solomon (and the other directors?) while bankrupting the place. Or does one exclude the other? Don't know.

[RealDutch]

What strikes me the most though, is this. WTF! are the other directors doing? Making it appear like everything is ok and business as usual when they don't even have access to financial information.

No access = no internal audit. No internal audit = big trouble.

How can they even pretend that everything is ok here, when it is not. What a bunch of amateurs.

[RealDutch]

I think there is another lawsuit (2021 suit, 21-cv-09236-JMF) which is on hold now until there is a decision about the receiver.

This one is about breach of Settlement. And also addresses fraudulent reporting. Now that one could be very serious IMO. Because we know that the filings are (always) a mess.

Also, the plaintiffs claim that FF1 (Fish Farm 1) was transferred to a company that Solomon owns. IIRC, this companmy owns the A-power technology.

Heng Ren is basically saying that Tri-Way is effectively bankrupt, and has been.

And Henry Sun never heard of the Tanzania deal before. lol. Must have been a surprise.