Sino Agro Food Inc (fka SIAF)

[snow]

Solomon's business plan

In my view it was very vulnerable and unrealistic right from the start, being dependent on a high stock price where that was unusual for Chinese microcaps. The customers were unable to pay fast for what was bought from SIAF and they were unable to borrow money to do so. Therefore SIAF had to act as a bank financing their purchases. If the stock price had been high that would not have been much of a problem. But this was not the case and Solomon has for some 8 years acted as if the market cap was high in relation to revenues. This of course led to a vicious circle. Solomon's greatest failure may be that he has proved unable to adapt to reality as it is.

His grand plan has totally failed. I am surprised that Garrett has not yet understood this. He gave up milk cows fairly soon. Milk is not suitable for transport over long distances. Meat is. Therefore SIAF became more vulnerable to import from other countries when he spent a gread deal of money on producing meat. He does not seem to have understood this. He invested a lot of money in the abattoir in a far-off place. Tbere does not seem to have been enough animals available in this place since imported carcasses were handled there more than Chinese animals. How about the restaurants that were to be the last part of the chain. We have heard nothing about them for years. He had a grand plan and conception and failed to adapt to realities when they emerged.