Sino Agro Food Inc (fka SIAF)

[RealDutch]

Garrett,

I agree that a dividend policy (long term and sustainable) should be based on cash flow from CA. But this is not the issue here. We are trading at 2% of book and need the cash dividends urgently. To protect the shareholders and the company.

They can determine a policy a year from now. This is not the same thing as paying 4 quarterly dividends, for now. Which is basically a one-time dividend spread out over 4 quarters (for technical reasons). They are separate things.

The reality is that Solomon has zero credibility. After all the promises he made in the past, never delivering once. And then he gives $29M to TRW in Q4 while reserving none for the shareholders. Making matters even worse. None of this behavior is acceptable and the reason why we are trading at 2% of book. Because he is all talk, and no meat.

There will come a point in time when enough is enough. Some believe they have crossed the line alread (Fredly, Hogset) and the rest of us are getting very close.

Once again, I urge the company to announce 4 quarterly cash dividends for the next 12 months. And deliver on promises from the past. Or all hell will break loose. IMO.

The toxic note, and now these comments, that's 2 failures in a row. Which in the China space is 2 too many. Garrett is not helping us.