Sino Agro Food Inc (fka SIAF)

[ks1977]

He is probably as we speak working his best to fix the loan

His best is obviously not good enough I still believe that his intentions are good, but he has no understanding/respect for short-term shareholder value which in turn give permanent damage to the long-term shareholder value.

He is also reckless in that he seems to have called-of the pre-IPO and gambled everything on the TRW-loan - and that the TRW-loan would be closed one year ago. It didn't, and who knows when it will? (or even if it will - you can be darn sure that they will NOT issue a PR about the loan being dead if it is cancelled, they will hide it as long as they can even though they have said otherwise)

If it had only been the temporary implosion of the PPS I would have agreed with you, but I can't sit around and watch that he hits us with heavy dilution at tiny fractions of book. He has to come around and put a cap on the OS and also declare a cash dividend (demand that TRW at least uses SIAFs 36.6% part of the profits to repay what they owe SIAF so that he can defend the PPS)

He will benefit a lot from getting the COSO done

He also benefits from a depressed PPS (the compensation scam) and dilution (he'll just convert his a-shares into a fixed percentage of the company, so any dilution adds value to his share)

I think that the best chance we have is to rely on the big owners to influence Solomon

I have no doubt that D'Alessandro is doing his best, but - as he said - Solomon doesn't listen. It seems that Solomon only listens to the big guys when they threaten to sue him (well, that's my speculation about the horrible ECAB-deal)