Sino Agro Food Inc (fka SIAF)

[RealDutch]

It sounds more and more like a hit-piece on Finansavisen, with the intent to cause damage and drive the share price lower. Also, the previous article about the collateral implosion.

I wonder how this will play out (if the collateral shares aren't returned that is)

There isn't much wiggle room for the lenders if they don't return the shares. SIAF best accept defeat and settle it quickly which means they free up $7.7M in cash. It's only 3M shares and I think everyone can live with it if they get close to $3 per share for it.

SIAF will have to choose a practical solution and going to court over this won't do us any good. Even if they win in court, they will lose. Because the shares aren't worth much.

We will still get the other 7M shares back, from the revolving credit line.