Sino Agro Food Inc (fka SIAF)

[zerohedge]

the flood to date has been biblical.... soon we get to the old testament stuff....

the worst part of these ratchet interest loans based on share price is that the lower the stock goes the more shares they are forced to issue. bloody. basically never ending. that's where it's a 7% coupon and the guaranty coupon is structured as a GIC (guaranty interest co tract) so a 10 year financing is 170% immediate upon conversion even on the next day.

when the stock implodes the interest goes up.... could be 20 30 40% and multiply by the terms. that's a 200 300 400% effective rate and it's being paid in stock, obviously.... at a discount to cover transaction costs.

wildly profitable for me.....

almost guaranteed this is what we are witnessing here. get out of the way.