Sino Agro Food Inc (fka SIAF)

[viking86]

There is a difference bw the company issuing collateral shares directly to the new lenders vs a third party like ECAB loaning their conversion shares to secure the loan in order to support the company and the LT. value of their conversion. In both cases those shs will be kept in an escrow acct and returned either to treasury or the third party. But in first case there will be a temporary ( 3 years which are a long time imo) dilution bc the os will increase until the shs are returned and eps in the mean time will be decreased by that dilution. Not in the second case. I still think that Siaf will draw the last tranche of ECAB in return of latter to help them out with not having to issue another 1.5 to 2m of collateral shs. I think the 750k shs they issued in March are shs that need to be issued anyway to ECAB conversion of the first tranche (about 7.5m USD) come Sep or whatever time is date of the first conversion.