Sino Agro Food Inc (fka SIAF)

[Mark-J]

You can't look at the reports with this company, they are cooked.

They have printed some 14 million stocks from the beginning of this year. They have been selling them with discounts to loan sharks etc. let's assume average maybe 30 cents/share.

That's 4,4 million dollars income.

AT the same time their book value is 790 million.

29 million shares to 43 million shares means the 29 million share's 1.1.2018 owners have lost value from the 790M book value they owned down to 29/43 of that.
That means 1/3 value loss.

1/3 of 790 million is 260 million dollars.

This years dilution has cost 260 million dollars to the shareholders 1.1.2018!!!!

For what? Getting only 4,2 million cash??

That doesn't make any sense for anybody if the books are even half real.

Now you understand the books are not true. The assets are not true and since they are diluting it's fair to assume the EPS is negative.

So the businesses and profits are more or less fake too.

We have pointed out many problems, i sensed this is a scam long ago just by looking how they present their company no customers seen, no harvests seen etc.

EVERYTHING lines up perfectly with this being just a scam.

The idea of value investing is to look at the financial reports and try to come up with your OWN valuation of the company regardless of the market price or any of these technical indicators.