Sino Agro Food Inc (fka SIAF)

[RealDutch]

Of course there is a written rule that all BOD members must act in the best interests of the shareholders. They call it a fiduciary duty. And yes, you can sue them if they act against the best interests of the shareholders.

But it is not that simple. Mistakes are made. The abattoir was a strategic mistake. As was HSA IMO. But I mean, most people would have made that mistake. And if the shareholders can't get it right, how can we expect Solomon to get it right, when he has an appetite for growth.

It is simply problematic when you trade at depressed levels. And beef prices collapse suddenly. They don't get a break from anyone, being a Chinese company. Not the SEC, not the exchanges, not the shareholders. Try to run a business like that. And Fredly is an idiot, from what I have read so far. If he is serious about all those claims. Try to read a 10-K first.

The toxic Garrett note was a mistake. Solomon probably never even checked the terms, because they have known each other for 9 years. Still, it is a mistake, for the reasons I pointed out, and needs to be fixed.

What you said about getting a discount on the receivables is not true. They would have to book a loss. Now THAT, would be acting against the best interests of the shareholders. You can't have it both ways. The partners simply don't have the money, for now. Another problem Solomon is facing.