Sino Agro Food Inc (fka SIAF)

[zerohedge]

.....so where is this APRAS technology in the filings as valid, owned by SIAF and maybe most importantly.... who has 3rd party validated that it exists, and if it even exists, that they haven't stolen the technology from someone else.... and if they have this stolen technology what's the liability for falsely contracting with their own internally owned farms and thus selling it to themselves? where's the Deloitte or KPMG report that validates or values this supposed technology. from all of our work so far we see no evidence that APRAS is anything more than snake oil.... and thus the entire megafarm or TriWay supposed profitability model falls apart. why?

no construction license
no maintenance license
no fish / prawns "per metric ton" fee
no developer fee
no reseller "global" license fee

obviously if TriWay supposedly relies on SIAF for this "massively valuable APRAS technology" there's reliance and dependency which makes their supposed IPO nearly impossible, assuming they sell anything at all.

*it's one massive promotional scam..... unless we can see these things plainly and so far there's ZERO evidence of value much less owned intellectual property which has been properly vetted.

still awaiting disclosure on actual end customers for their "hundreds of millions of dollars" of product sales. it's far fetched that there's not a "top 10 list" but since the sales are all CONVENIENTLY done through "capital award" (no pun intended - thats' the name of the subsidiary) we have no clue since they "contract to themselves" to sell (tax free?) all of the product they supposedly sell.

*anyone see the problem with this "system" of accounting?