Sino Agro Food Inc (fka SIAF)

[ks1977]

RD; Thanks.

I think SIAF is in a bit of a sqeeze now. They have two options; either they can say screw you lender, we don't trust you (and not issue any more collateral shares, breaching the terms of the loan and the current collateral shares are lost for ever), or they can say screw you we'll take you to court (and issue more shares that will be sold until the time we have the money to repay the loan).

If we do have a rotten lender, then we are now in a race against the clock. We need good news, a trigger, or cash to repay the loans before the PPS drops so low that we will get a heavy dilution.

It seems that the increase of authorized shares to 50 million was part of this issue, i.e Solomon KNEW what was going on and chose this strategy to defend SIAF. The F-1 better come through soon...

If we have a rotten loan, then I wonder if he chose to lie to ECAB etc about this, or if he has tried to get a loan from them to repay the (possible) rotten loan.