Sino Agro Food Inc (fka SIAF)

[jyyoo]

SIAF auditor, Ecovis, operates globally with their 4.500 employees. Auditors, tax advisors, lawyers.

By signing off the balance sheet, they certainly would risk heavy losses if the $600 mill balance is not in order. They are accuntable for shareholders losses if they never checked the bank statements, assets, account receivables etc.

So, we should not be at this pps now

https://www.ecovis.com/en/ecovis-international-info/

I like that just the information on the collateral shares (which wasn't even PR'd) moved the stock price so much. It's very revealing as to the shorts involved in this company (as if reading this board wasn't evidence enough). I'm hoping the company can PR the information as well since it was just posted on the Oslo Bors website. I'm curious just how big these guys' short positions are. It's near impossible to buy shares without aggressively moving the price when there are no shorts but I was able to buy some from them today since I saw them come back in on the ask.

The reason for this severe fall in share price has been fear in my opinion (even delays from the company shouldn't justify such a price decline). Even those who had done due diligence, received dividends from the company, visited the company's operations in person or know people who do business with the company were scared and sold because of fear from the collateral shares. Well the company now just told us that according to the loan agreement, collateral shares can't be sold or sold short and that top-ups have not even occurred since Q3 2017. Short sellers on this board have relied on this narrative for quite some time now and it was just eviscerated.

I think people are expecting the price rise to be as steady as the downtrend has been but stocks gap up very quickly as recently seen and I expect the move up to be aggressive once good news rolls out. Market makers will undoubtedly provide little liquidity and continue to raise the price once everyone starts trying to get in at the same time.