Sino Agro Food Inc (fka SIAF)

[The Swede]

No, I'm not looking for excuses, I'm looking for an explanation, trying to figure out where that shares on Merkur is coming from.

Jordanfund claimed that Swedes held 50% of the shares at some point, which was more then true, now we own much more.

Now let me break down the numbers.

Merkur (Swedes and Norwegians mainly) 50%
Collateral shares 20%
Solomon 11%
Garret 5%
BOD (other then Nils S) 2%
The rest on OTC 13%

When the percentage on Merkur increase, one of the other in my list must decrease. We know it's not Solomon, Garret or the BOD, they must report. So we have two post left where the Shares can originate from, "The rest" or "Collateral Shares" leaking out to the market some how.

To me it's just as unlikely that all of a sudden, the Americans (and all other non Scandinavians) is bailing out or are moving all the shares to Merkur, as the theory that collateral shares are on the market.

The reasons you provided earlier is very legit, but it does not explain where all the new shares on Merkur is coming from.