Sino Agro Food Inc (fka SIAF)

[zerohedge]

let's not forget the following:

no underwriter for the spinoff transaction
no patented technology (where do the license fees come from then?)
no customers demonstrated who actually buy the products (top 10 list)
no owned assets aside from cooperative JV's without equity ie: cash flow control
no traditional bank lending aside from pledged stock (why? if they have 100mm free cash flow)

eems what we have here is a stock selling outfit