Sino Agro Food Inc (fka SIAF)

[zerohedge]

there's going to be a very large increase in outstanding shares over the next several sessions. "gotta pay for that dividend!"

a few years ago the "company" claimed to be repurchasing shares from "certain individuals" only later we found out that "the company" was swapping the shareholders for convertible promissory notes!!!!!

all is god and well in WAR but consider the obvious..... which is that this is EXACTLY how they managed their "weighted average shares" while at the same time continuing to sell more and more and more and more without ever using a brokered "placement" and that's because no firm will sign their name to the accounting at this hell hole of a "company" -

1. offer to buy back shares from larger holder or their assigns
2. sell promissory note to shareholder which is then moved to another third party
3. third party converts and sells 6 months later
4. return to #1 and rinse and repeat - obviously - because its been working brilliantly

EVEN THE BELOVED CEO SALARY IS PAID IN SHARES IN AN INCREASING QUANTITY AS THE STOCK GOES DOWN - JUST LIKE THE PROMISSORY NOTES THEY ISSUE TO THEIR "SERVICES PEOPLE" AND "LENDERS"

no cash no cash no cash no cash....... so you must sell sell sell sell sell!