Sino Agro Food Inc (fka SIAF)

[ks1977]

I am angry

We all are. The question is what we should do going forward? I think that is a question we need to adress, although the answer isn't straightforward and shareholders might have different opinions.

Should we give Solomon yet another chance, hence risking even more dilution at fractions of book, seeing our TRW-dividend crumble away in front of our eyes? After the ECAB-deal, Garrets toxic note and the admission that they indeed can (and could!) distribute 2/3 of the TRW-dividend, this isn't an option for me anymore. The potential in SIAF is still incredible, but Solomon is destroying it and risk/reward (which is still good) is changing rapidly (and not in our favour).

Should we sell? Some good people here have had to sell already, and some will very likely need to sell before Solomon gets his shit together (but they would not have had to if Solomon had distributed parts of the TRW-shares last summer like promised, and that they now admit that they could have - and can, but choose not to because TRW is the focus and not SIAF). Selling at 90% (or whatnot) loss is not an option for me, the potential in SIAF is incredible, we just need to prohibit Solomon from destroying it.

What other options do we have? Beg? Doesn't work. Sue? Who, how and for what purpose? It might be too late now, but if Solomon last year had said that "Sorry guys, we made a mistake and can't distribute all of the 18.3% of TRW now because of tax liabilities, but we can distribute 2/3 of it now and the rest after we get the cash flow up and running - oh, here's the ex date for that 2/3 btw) we would have understood and forgiven. He would also have gained a lot of credibility in the market (a distribution of 2/3 would have meant a dividend esimated to 60-70% of the PPS of SIAF). The PPS would have peaked and then received again, but not to these levels because the marked would have known that Solomon isn't all about fluff and carrots, and the marked would have known that the remaining 1/3 would come.

All hell is going to break loose when Solomon gives us fluff and vague "promises" (with ifs and buts and "intentions") in the Q1-report. What is your strategy? Sit still and watch SIAF get destroyed and/or go dark?