Sino Agro Food Inc (fka SIAF)

[aquaculture]

In Q4-16 CC (around 1:02 into the last slide), Dan answers a question about dillution. He says the market "is confused" about debt->equity financing/dillution vs collateral financing (read: we are stupid).

He says they left this financing 3 years ago. And then: "..the need to use shares for collateral is going to be nominal, almost non existent and we're getting very close to that point every single day"

That was 9th April this year. So far this year we have 4,1 new collateral shares issued.

In addition, we have 425.103 shares to "employees and directors". Shouldn't we see SEC filings where the increased share holdings of directors are disclosed?