Sino Agro Food Inc (fka SIAF)

[RealDutch]

So you are saying that when these shares show up in the O/S they can also be sold?

I know the answer.

They have been settling promissory notes mostly. And because it is a debt security, and the debt is more than 6 months old, the shares can be sold immediately. It is extremely likely that the latest batch for 0.55 was also settled this way. Total settled amount is a bit over $4M while there is $11M in promissory notes. Only the older debt had to be settled. So I don't know how much is left.

It doesn't even matter if there is a conversion option in the agreement. It can be settled for stock either way.

What they did in the past mostly, pre 2014, was settle debt with third parties. Which is slightly different. I'm not sure if these shares can be sold immediately. I don't think so. But they are not doing that now.

Perhaps they can give us an indication on tuesday, how much is left.