Sino Agro Food Inc (fka SIAF)

[jyyoo]

"Loan approval remains positive" -Dan (CFO) last week

Loan approval is the most likely event and such an announcement will be like an FDA phase 3 approval announcement with a serious gap up in price in my opinion. At least we've now recently found out what's been taking so long which is the collateral work since a majority of the collateral seems to be coming from the Tri-way partners.

Instead of taking a rational approach and assuming there must have been further requests made by the lead bank or certain legal paperwork was taking more time (particularly since Dan specifically stated the timeline for closing is not in their hands), most assumed and started shouting "the loan is dead!" etc. Well now we know they were wrong, but I am sure we won't hear from them saying they were wrong.

Now we know the loan is not dead, is still progressing positively, and have some insight as to what they have been working on.