Sino Agro Food Inc (fka SIAF)

[challe08]

It aggravates me that Dan is talking about dilution at a P/E of 2 to 3 when they just received $25M. It just doesn't add up, does it?

Imo you have "snowed in" much to much on this statement that Dan made and overanalyze it. I think it came spontaneously from Dan and wasn't thought through at all! I might have to listen to it again, but as I perceived it during the call it was only something that came out...also remember that he really can't say P/E 20 because then he would probably been accused for being high on something...

My personal circumstances could differ from yours obviously. And I had to sell a few shares anyway because I have no other income.

I absolutely respect that, I have also resigned from my job.

I still believe that we will trade in the 0.70 to 1.00 range for the foreseeable future.

This might very well be correct, oth if we get something from the meetings this week about FN for example I think the dollar mark will be crushed. Doesn't mean, of course, that you can't buy-in rather low anyway since there always seems to be MM that like to hold us down.
Anyways, gl, particularly with your puts...if only the world and markets would be close to rational those would make you rich!!