Sino Agro Food Inc (fka SIAF)

[jyyoo]

Most shareholders have gotten scared by the share price and are selling out and waiting until there is news about the ongoing Tri-way loan for $100M USD with the 5 banks. There is also short selling activity taking advantage of these sellers. The loan is essentially the first step before shareholder friendly actions like buybacks or cash dividends can take place. I think we may also hear news soon about new conventional loans to replace the collateral share loans since those collateral shares are likely responsible for the constant supply we've seen. However, the company has stated if they have been sold and they pay off the collateral share loans, then they will have to be bought back from the market and returned to the company where the shares will be retired.