Sino Agro Food Inc (fka SIAF)

[Broke_Broker]

I have bought some at these levels.

It's a bit of a gamble but I am betting on two things.

1) That the dilutions are reduced in the coming weeks. It's been very aggressive lately which is the ONLY reason why it's currently trading where it is. The moment the dilution stops or pauses for a few weeks, we'll likely see a quick increase in the share price.

We can't trust the management but we can hope that the following is not completely made up:

The Company has adopted austere measures to reduce its dependence on equity funding by approaching it as the exception rather than the rule when it comes to determining which modes of operation are necessary to maintain the Company’s outlook over the next two years.

2)

As someone said earlier, the dividend policy gives the share price a floor. If the share price drops to 5 cents, we'd have a 100% dividend yield in a few months. That's unlikely to happen. I trust SIAF to pay it just like they have done in the past. At least the first one. When the X date is eventually announced, I hope we can look back at the times the stock traded at 36 cents in the rear view mirror.

The Tri-Way loan I think is wishful thinking and I don't think we will see it at all. At least not in 2018.