Sino Agro Food Inc (fka SIAF)

[RealDutch]

You think this stock is so safe, and my other stocks are so crappy. But let me summarize the things that may be cause for concern

1) I have a hunch that the SEC is currently reviewing the 2014 financials. And considering what happened to the S-1, I am not at all confident about the outcome.

2) WTF is going on with disclosure around here? We have already discussed Anthony Soh a few times. But Olivia and Bertil, seriously, do they not own any shares?

3) There is always the possibility of more dilution here. At $10 Solomon will not hesitate one second to issue more stock as he may need it to acquire PF1 and PF2. The problem as always, is the cash flow situation. So if they do this, dilute the stock, then we won't see more than $15 PPS this year.

4) All this stuff about FD, being on the BOD/not being on the BOD, owning shares/not owning shares, and all this insider trading stuff should make one very wary.

5) I wouldn't be surprised to see one or more of the BOD members leave. Perhaps Nisse or Dan. Perhaps Peter or Olivia as well. Bad news is probably around the corner.

6) The short position of 144,000 shares still doesn't make me feel comfortable.

So while one focuses on the good news (revenue growth, Merkur) one should also consider the bad news (lack of EPS growth) and the issues I mentioned.

So, the people who took some money off the table at $11 probably did the right thing. The ones who bought it for $8 probably did the right thing too. We will see how things develop.