Sino Agro Food Inc (fka SIAF)

[ValueInvestor01]

Since we already know the 1:3 distribution ratio, and that they are distributing 12.71 Million Tri-Way shares. I assume that the O/S cap would be around 38M (12.71 * 3) before the Record Date. That's of course with the collateral shares being excluded.

Right now, the O/S is at 45,580,208. Minus that with 8.4M collateral shares and the ECAB shares, you would get around 36M. There is still plenty of space for dilution.

So the worst and possible case scenario is that they might issue 2M more shares before 2019 or before the record date.

jyyoo has mentioned about this on his CC script.

After reducing the share count by shares which are not eligible to receive a Tri-way dividend we presume we will have about a 1:3 distribution. So for every 3 shares of SIAF, you will receive 1 share of Tri-way