Sino Agro Food Inc (fka SIAF)

[zerohedge]

balance sheet cash is nearly at zero.

they've issued over ten million new shares year to date and theres another roughly thirty million in convertible debt being converted and sold at -50% of VWAP when all of the "figuring" is done.

there is no cash. on fifty to sixty million shares (outstanding) they need a spare 2-3 million dollars and they dont have it.

selling shares @2% of book and they wont use the cash to buy those shares back..... galactic lies.

anyone not understanding this has to go back to business school. repurchased at 2% of book value represent 50X return on capital.

there is no book value though, so the newest lie is they pay a dividend from nonexistant cash. see you all at zero.