Sino Agro Food Inc (fka SIAF)

[jyyoo]

From the CC you are referring to:

"Well I’m always reluctant to advise a timeframe because the banks are the ones who drive the time table. We do what we’re asked to do, we provide what’s necessary, we meet with who we need to, and in the end we work off of their schedule."

I agree though I personally expected the loan to be announced already but as I said before, when it hadn't I assumed the bank must have asked for something else like with the Tri-way audit or they were working on something else that was taking extra time. We just found out that was indeed the case with the collateral but it seems resolved thanks to the "sufficient resources from Tri-way partners".

this is the same guy that said at the end of Q3 the bank loan was basically a done deal

And why do you advise me to not believe a word the CFO of a company says? That doesn't seem logical to me. And I'm not criticizing you, I just think it is funny when people wonder why we are selling at these ridiculous prices when we have shareholders who make statements like you just made about not believing what the CFO is telling you. Trust is at 0, which I agree is mostly the company's fault. However, I also believe they will fix it by simply delivering and is why they have taken the policy of not providing any timelines and only talking about things once they are announced and official. From my experience, the company is always slow to deliver but eventually does and surprises the market in a big way when they do. The large Tri-way loan is the catalyst for trust, shareholder friendly actions, and institutional investing, which ultimately will lead to a higher share price which is what everyone really cares about. There are several examples where shareholders have angrily shouted that Solomon lied, only to have him eventually deliver at a later point.

And as I mentioned before, you even stated the loan must be dead weeks ago, and now we found out it isn't. Does that not make you rethink the chances of you being wrong again or not?

I don't believe a word he says and you shouldn't either.