Sino Agro Food Inc (fka SIAF)

[RealDutch]

There is something going on with CA. Something they are not telling us.

This is what it is about, from the 10-K.

At the same time throughout 2017, CA has been servicing groups of farmers aiming to develop some of their properties (estimated over 600 Mu collectively) in nearby regional districts within 2018 as well as over 400 Mu of land next to ODRAS(3G) farm (1) in 2018.

It's not just 600 mu in Shenwan. It's actually 2,000 mu by the end of 2019 (Source: Open Memo). Let's assume another 2,000 mu in Yanjiang. Then that's a total project development of $293M. Yes, sir. They told us it's $1.1M/hectare. So where is the money coming from?

Definitely not coming from the TRW loan. That will be spent on
- Completing AF4
- 350 mu of 3G ODRAS in Shenwan
- 150 mu of 3G ODRAS at AF4
- Experimental farm
- AF3
And that's a total of $100M already.

So where is the money coming from? They made it perfectly clear that all these TRW projects are dependent on the TRW loan (financing). But they never told us that the CA planned activities are dependent on financing.

And why did Solomon tell us that CA will be listed before TRW? And why did he go out of his way to get the first 3G ODRAS farm going in Shenwan?

All of this may very well point to the real possibility that they have already found a (financing) partner for CA.