Sino Agro Food Inc (fka SIAF)

[ks1977]

I did comment on the short-term of that loan when we had the form, and speculated that Solomon must have been darn sure that TRW would get the loan (or that he had a possibility to renogiate/extend the loan). The good with that is that Solomon really believes that he will get the loan, the bad thing is that he seems to be lacking any backup-plan.

The latter should have been sorted out now, but is SIAF able to adhere to the new ECAB-deal? It states monthly installments, but not the amount. It does state that 4 MUSD has been repaid so far (is this the D'Alessandro-loan?) which suggests ca 0.5MUSD/month. Is SIAF even able to cope with that without the TRW-loan, or has Solomon - once again - made a short-term solution with an imminent deadline that will lead to more heavy dilution?