Sino Agro Food Inc (fka SIAF)

[Rnilsson]

Reflections of CC

Solomon speaks of being granted a "sizeable" piece of land between Zhongshan, Hongkong and Macau to build prawn farms 3, 4 , 5, 6 etc, one after the other. Guess he's referring to the Mega farm here?

Think it's in the report, but having KPMG Norway- and China performing financial dd on SIAF feels good. It'll add to credibility having KPMG involved. Perhaps we'll have that big four auditor on the whole of SIAF within some years.

Book value, or stockholder's equity, increased with 36 %. This is good, even though I'm not very familiar with how investor's in general use this metric. Some might say that a hefty discount is in place due to operations being in China, but that risk decreases day by day I believe as the company continues to grow and have closer ties to the government, and China moves more and more towards market economy. Anyone who wanna shed som light on this, book value valuation I mean, would be much appreciated.

Bertil will work on gearing as the balance sheet has considerable room for this, not that we didn't know this already, but still good to hear that focus.

Bertils trusted friend working at Enhancer (http://www.enhancer.se/en/), Executive advisors was "extremely impressed with the quality of management". Also said they display as high a level as management in Swedish listed organizations do. Really important stuff and I believe that study that was made will be very important for instis.

Someone understood Bertils reference to the Swedish embassy's report on the company as a source for Bertils own dd before joining? Feels good having them perform a report on the company as well. No red flags were found there either. Adds to credibility.

The M&A activity for SJAP, wild speculation, but it would be awesome if SJAP, being a "Dragon head" company, could get a specific loan from say China Agricultural bank for this specifically.

Finally, I think reg. the one hour call, and that the lady leading the call said "that was our last question", I just believe she used the wrong wordings here as she needed to hand over to Solomon either way.

My two cents.

/R