Sino Agro Food Inc (fka SIAF)

[jyyoo]

Dan said if the U.S. tax law passes (potentially this month) the repatriation rate would go from 35% to 10-14% which would make the tax liability $3-4M as opposed to $10M since half ownership in Tri-way that SIAF shareholders would get as the share dividend is currently (Dan alluded to the value of Tri-way going up and adding to tax liability) at $57M USD.

Dan also said the company is currently working on a way to potentially reduce or completely eliminate the tax liability.

I for one would prefer to get as many shares as possible in Tri-way so I hope that SIAF buy back as many shares as possible. Paying a meaningless tax, due to repatriation, just to get a cash dividend! No thanks.

Solomon intends to initially buy back shares.

And "Regardless, the company is intent on seeing a share of Tri-way passed along to its shareholders.