Sino Agro Food Inc (fka SIAF)

[nisse44]

Maybe we should ask ourselves why WE trusted the management year after year hoping they would change insted of blaming management we should blame ourselves. I have started to blame myself and it feels good.


"Gross profit from Project Development declined by 53 percent to USD 3.6M (7.7M). In addition to the annual Chinese New Year holiday, inclement weather and one-time factors resulted in a period of only three weeks to perform contracted services throughout the first quarter, contributing to the marked decline.


Without this sector shortfall, sequential quarterly total gross profits would have increased by approximately USD 1.6M (or 7.5 percent)."

The report isn't that bad after all, but hey that is what we said about a month ago too and look what happened.