Sino Agro Food Inc (fka SIAF)

[zerohedge]

before a stock can go to absolute zero it has to first work through the pricing mechanics of $17 to $4 with more grandiose statements from management until it hits $2 and finally back to pennies. your patience is required. someone only "earned" ~50,148.00 on today's VWAP share dump. at least someone made money or got maybe half of their money back. who knows.

obviously something horrible wrong here.

the "whole planet" of people seeking profit doesn't allow companies to exist at 1X cash with zero debt unless there's simply no cash flow there except in SEC or SIAF accounting fairy-tales-land. and if there were indeed thousands of shareholders the stock would actually trade, which it does not; so this JF claims of thousands of underlying shareholders also doesn't make any sense. just a very sad situation.

whatever is happening there's a strong possibility that they are too far in to "get out" and so they're now held hostage unless they actually filed a class-suit in which case they'd receive absolutely nothing when the stock went to zero. that's a more likely scenario given all of the wildly inaccurate PR newswires for the past several years.