Sino Agro Food Inc (fka SIAF)

[aandt]

I actually believe them when it comes to the loan delays. This is based on my own frustrating experience doing business in China. I was setting up a WFOE and was told the process shouldn't take long at all by our Chinese consultant/adviser. Turned in all the required documents, and then the government asked for one more thing. Then after that, they said we just need one more verification. Then... a new regulation passed, and we needed several more things... and on it went for a full year, before we finally had our registration. So I get it. I am sure they really did expect the loan to close last year... been there.

But I am in agreement with RD and others, that in the meantime they could have, and should have taken other steps to protect shareholders. And Solomon has been completely reckless...