Sino Agro Food Inc (fka SIAF)

[jyyoo]

This is the SIAF board Petrejus. Land of factless speculation! And if you say it enough times, it becomes truth around here. Like when people shouted that "the loan was dead" or "collateral shares are being sold" or "they are topping up endless shares again" etc etc.

I think we just got our answer this week as to who has been aggressively selling since Hoghset came out saying he has sold out already. I know there are many retail guys who have sold out as well due to the price decrease (possibly from Hoghset selling and any dilution from the company). No doubt short sellers were taking advantage of supply hitting the market as well. How big is the short position I have no idea but these are the facts I do know:

-Garrett already has immediate and long term plans on how to unleash shareholder value and will/already has put pressure on management to thoughtfully enact these policies once financing is closed.

-Very recently the company has expressed confidence in closing the $100M Tri-way loan explaining that they are in the advanced stages.

-In a few weeks we will get details about the timing and amount of cash dividends from the company.

-Tri-way is already very profitable which has high growth potential at the MegaFarm with financing and has found new opportunities through a Trading Division in Hong Kong with estimates of $300-$500M in revenue per year at a healthy profit margin.

-When financing gets done CA will tremendously increase cash flow for SIAF

-CA has several prospects for new partnerships/contracts

-The Tri-way dividend will be distributed to SIAF shareholders some time in Q3 2018.

-Collateral shares can't be sold and top-up of shares has not occurred since Q3 2017.

-Audited book value is multiples higher than current price.

I believe the company will put a cap on the outstanding share count once they close the $100M Tri-way loan. Putting a cap on outstanding share count was on Garrett's list as well.

At least from a technical standpoint it looks like we may have put in a bottom. I'll call Dan just to make sure though..