Sino Agro Food Inc (fka SIAF)

[ks1977]

You can refer to different statements and regulations but really you can have no real certainty of how this will unfold

We don't know 100% of course, but we do know 100% what the rules say and according to them the ex date on OTC will be November 15th and you'll loose the TRW-shares if you sell between the record date and November 15th.

I think we have three alternatives;
1) SIAF is trying to bypass the two exchanges by having TRW distribution shares instead of debt (but got cought by Oslo Børs and had to PR it on Merkur). It doesn't sound right that a company bypass the dividend-rules and "secretly" distribute 400% (600% if you include the second distribution) of the market cap...
2) SIAF has talked to FINRA and got approval of overruling the rules for >25%, but forgot to PR it (or have FINRA say it's ok that they don't PR it...)
3) SIAF has planned the TRW-distribution in accordance with OTC-rules so that we have a perfect supporting (to the PPS) bridge between the TRW-distribution (with an ex date on November 15th) and the Q3-report (after closing hours on November 14th) where (I believe) they plan on giving us the record date for the cash dividend

I'm not saying that the third option is the only possible explanation, but after initially disagreeing with RD I believe it it the most plausible one. However, to be safe; do NOT sell any shares on OTC before November 15th!