Sino Agro Food Inc (fka SIAF)

[RealDutch]

If Siaf has a need of $5m for this year and they now been dumping shares for around $6-7M, well all I’m saying is that it should be close to be done.

I'm not sure if it works that way. But if we start counting from May 1 then 5.3M shares have been issued for 0.55 or $3M. So we are being held hostage because the company needs a lousy $2M. Never seen such a ridiculous thing before, with $631M in net assets. It could drive a person crazy. And I expect them to fix it and like you said, make some kind of announcement. Perhaps similar to the update they provided on Merkur about the collateral shares.

It’s not weird if the stock goes up to $1.50 if the dilution stops together with the TRW dividend

No, it's not weird. But I'm not amused at all by the lack of urgency in general with this management. We had to beg for a whole year for the cash dividends.