Sino Agro Food Inc (fka SIAF)

[RealDutch]

Any reason to why you believe it's the loan1&2-lender who's selling the shares?

Sure. Until recently the logical conclusion had to be that the problem was with the lender in China (TFA+TFB). Simply because we assumed that City National Rochdale would not be so stupid to sell the shares and commit suicide.

But then we learned that Garrett owns those shares. So Rochdale doesn't have any collateral shares.

So then you take another look at TFA+TFB. The loan to the distribution center is revolving. Meaning, the loan is paid back all the time. Two, the lender gets a 20% fee eventually. Three, the lender is government-owned.

We never really saw BMAK on the ask, or T-trades after hours. Which is kind of typical if you have dumpage from China.

So, everything points to the US lender now.