Sino Agro Food Inc (fka SIAF)

[Mark-J]

Customers don't need shares, customers give you cash. But no customers seen, no trucks, no harvests. So maybe you need to print and sell shares..?
If it is something dishonest who knows where the money ends up.
The assets they question themselves. You just don't print at 1/70 of book value when you could just sell 1% of the assets and pay all bad loans and stock would skyrocket 200%. Especially with that corporate structure that should be cleaned anyway.
But they don't sell because..? They can't?
That's China and tax free agricultural segment. Zero probably knows more how they can make it work on paper.
You have blind faith in P/B 0,0158 chinese agricultural company.
There's no P/B 0,0158 companies in real life.
Logic.

What do you mean, no customers, no harvests. Then who are they issuing stock to? Who are they settling debt with? Who are they paying and WTF are they paying them for?

This is hilarious. Who are you to question the assets anyway. When we have accountants, appraisal firms, regulators, auditors and lawyers, doing all that work for us.