Sino Agro Food Inc (fka SIAF)

[KlausVT]

That is not necessarily true. As I wrote yesterday this is also a means to free up headroom on shares authorized as they have not been adjusted at all. This is easier than increasing the authorized shares again. Not saying that this is the motivation but certainly another motive for the action and should not be neglected in our considerations. And as also mentioned it also increases the value of the preferred shares Solomon holds as they have not been adjusted, either. A clean reverse split of a large company with pure intent of achieving a senior listing would have adjusted the authorized share count accordingly with maybe a little headroom as required for later accommodation of possible share sales due to the convertible notes. It could have all be done in one swoop, this way it only leaves open questions