Sino Agro Food Inc (fka SIAF)

[ks1977]

The case people want to build against Siaf is silly. It is like trying to sue your mother for hinting that you will get an ice-cream if you eat your dinner, and then tell you that after some thought the familys budget need to prio Pasta and Milk

No, it's not. SIAF basically promised a 0.85 TRWshare/SIAF-share dividend without EVER having the intention to distribute it last summer (they hadn't even done the research to find out whether they COULD). You're saying that is ok by the law?

Then, they MAKE UP excuses to why they can't to the dividend, only to admit 10 months later that they in fact could have done 2/3rds of the dividend, but that they choose not to.

Everyone that bought/increased based on the TRW-dividend information should have a good case IMO. Also, if Solomon were "forced" to dilute the hell out of us, then it is because of his own mismanagement.

If SIAF had distributed the 2/3rds they could last summer, then my guess is that the PPS today would have been higher - and the dilution from ECAB would have been smaller as well. Solomon has no credibility, THAT is the reason why the PPS is horrible low (that, and his willingness to dilute at any PPS + that he gives/compensates with shares to people who does not want any shares)

Also, if we're going with your family exemple, then the true comparison is that the mother changes her mind because her husband ordered a brand new car last month and that she has been planning to buy a brand new car as well in the next few months.

Solomon is sacrificing SIAF shareholders - and if he is forced, by any way, then it is his own incompetence as a CEO. He should stick to what he is good at, being a CEO is not one of those (I have earlier stated that Solomon is an asset for SIAF/TRW if used correctly, but after a 98% decrease in PPS which is largely his fault I'm not sure if he will be anymore)


PS. Welcome to ihub