Sino Agro Food Inc (fka SIAF)

[ks1977]

I have the solution. A 4 x 10c quarterly dividend announcement.

Yes, any CEO and any board-member would know that as well. And any CEO, in Solomons shoes, would have been able to provide the cash for it as well. Instead he chooses to have SIAF repay his 2MUSD-loan, transfer assets (and cash?) to TRW, and pick up a toxic loan that would destroy the company if it were in bad hands...

I don't think 4x10 cents is necessary though, but we need at least 4x6 cents so that we can keep the PPS at around 2.4 i.e above the magic threshold of the toxic note (65% of 1.5). Not going to happen though, i.e the PPS might still be very depressed even with a cash dividend (the yield could easily be 15-20% when we have the toxic-note risk hanging over us)