Sino Agro Food Inc (fka SIAF)

[RealDutch]

We can even calculate, to some degree, how much of the US loan of $7.7M is left. Assuming all collateral shares have been sold.

Inititially there were A) 1.3M collateral shares.
B) 900k top-up shares as of june 30th
I'm guessing another 1.5M top-up shares since then.

A) sold for an average of $2.50
B) sold for an average of $2
C) sold for an average of $1.50

That's a total of $7.3M

So there should only be $400k left...

Unless, they DIDN'T sell them. And lend the shares out to short sellers. Then, the remaining debt should be 7.7 - (3.7 x 1.4) = $2.5M at todays share price.

So the irony of it all is, it's probably better for us if they HAVE been sold.