Sino Agro Food Inc (fka SIAF)

[ks1977]

RD; Thanks.

One of the things I find confusing in this, is that the average PPS of the collateral shares for loan1&2 is LOWER than for TFA&B (10-Q note page 18). Of course the initial PPS of the TFA&B were higher than loan1&2, but why aren't these the same? If any, shouldn't TFA&B - being revolving - have a lower average PPS? (the explanation might of course be in the loans themselves, i.e there might be different triggers to when SIAF needs to issue more shares).

Dan did say in a CC that the lender had returned shares every time they had made a downpayment (or did he say "paid down the loan"?) without the PPS increasing. If the loan1&2 isn't revolving, then maybe Dan only was referring to TFA&B - if so that would support your claim (assuming that Dan didn't lie to us).

I've kept a half eye on the form t-trades the past few weeks. I have no idea if they indicate anything though, but here they are (I haven't paid attention to every day though);
August 30th - 2x10 000 shares sold (i.e seller taking the initiative)
August 31st - 9 500 shares bought
September 5th - 1 600 shares sold
September 7th - 10 000 shares bought
September 13th - 13 600 shares sold
September 14th - 65 335 sold
September 15th - 12 780 sold

The 14th we had 65 000 shares traded during opening on OTC where it was the buyers who hit the ask at almost every single trade. The form t, which was as big as the total trades during the opening hours, was 6 cents lower than the close.

The 15th the t-trade was 1 cent lower than the lowest bid during the day (and 4 cents lower than the close).

This is out of my league, but these trades seems strange to me.

Edit: I assume that "form t" and T-trade is the same