Sino Agro Food Inc (fka SIAF)

[RealDutch]

If we're not getting any fokking explanation from our own Savage tomorrow in the PR about the 1 million new shares printed I just have to assume that this POS CEO have put us in breach with the EC contract

It's complicated. They also issue stock to professionals for services. Those don't count as debt settlements, I think. Then there is collateral, and stock incentive programs.

Let's look on the positive side. In fact, let's compare us with Netflix. We are sort of in the same boat. Both companies are growing fast and EPS is down.

1) We grew revenues 55%. I think Netflix is below 25% already.
2) EPS is dropping faster at Netflix, and we know it's temporary for SIAF.

Now let's look at valuations

Netflix : 13.7x book
SIAF : 0.4x book

Netflix : 4.6x sales
SIAF : 0.4x sales

My point is, the market doesn't really care. As long as you are growing revenues fast, anything is possible. But you have to sell the growth story of course and make people believe.

Anyway, this is not the time to be bugging them about dilution I think. I think they already got the message.