Sino Agro Food Inc (fka SIAF)

[zerohedge]

what happened to the ECAB loan???

*this is going to take the O/S to hundreds of millions......

in the meantime there will be dozens of other mini-financings. this makes sense. don't kill the "golden goose" when they're obviously doing this on purpose.

you do a few million. here and there. you run more stock promotions, "reinvest" in more convertible debt and convert and sell again.

when you get buried, you get the company to issue more convert debt to keep you in profits while they run more promotions with your hard earned cash.

they "might" create something of value but look.... theres a 10 year track record of value destruction. seems reasonable that it continues just like that.

the legal expenses for the last 90 days had to cost them their $600K balance sheet cash..... so you know what they need to do right away....

another "loan" just like this one!