Sino Agro Food Inc (fka SIAF)

[NYKnuckleballer]

Not buying the dilution angle?

Last week, two days at 150K volume, followed by two more big days a week later. It does fit a familiar pattern.

If this is dilution, it means these shares were promised in mid-September (six month fuse).

We got the first tranche August 14 ($5M). We were scheduled to get other tranches on August 29th ($5M), November 27th ($5M) and February 28th ($10M).

We know it's been used like a credit line. We had only drawn $5,237,000 (net) as of September 30th per the S1.

If this is dilution, Solomon chose to dilute rather than draw on the conversion loan in mid-September. I don't care if the math works out that that is more economically sensible, that's cold blooded.