Sino Agro Food Inc (fka SIAF)

[Redbull84]

Why is this loan still there ?
$368,462 with 30% annual interest. They talked about paying that off in Q2. Solomon it isn't looking too great to have it in your reports..


Entertainments and meals 185,549
$634,507 last year's expenses (9 months)
You can pay that loan off instead..

Total issued and outstanding shares as at 30.09.2017 is at 27,811,573 shares reflecting an increase of 2,382,246 shares for the quarter from Q2 2017’s total issued and outstanding count of 25,429,327 shares. The primarily reason is due to the decrease in the market price of our shares of common stock, from an average of $12 per share in Q3 2015 to $1.40 per share end of Q3 2017, which reduced the overall value of the security (collateral shares), thus requiring the Company to increase its securitized collateral for loans and facilities totaling $36.8 million, consisting of Trade Facility Loans totaling $26.7 m and loans from third parties collectively amounting to $12.6 million, less $2.5 million having been repaid (net $10.1 million), resulting in a total of 8.45 million shares issued as collateral security averaged at $4.35/share, which remains at a favorable margin when compared to the market price of $1.40/share as at 30.09.2017.

RD, Is this the loan(s) that might have defaulted (just after Q3), and may been sold into the market? If that's the case we should see another batch of shares on the ask.