Sino Agro Food Inc (fka SIAF)

[RealDutch]

The argument against RD:s views are not only based on the information communicated by the company.

What do you even mean by this? Provide specifics.

Everything the company has said in the news release, EVERYTHING, is in line with a normal distribution/dividend.

Being eligible on the record date is standard. Doesn't mean you qualify. The pay date is standard. They didn't give you the ex-date, did they? STANDARD.

Whatever was disclosed on the Merkur exchange was disclosed by the exchange. Not the company. It doesn't cover OTC or the US market at all.

To me, the most significant fact is that the process we discuss is not, formally, SIAF providing a dividend but TRW executing an option in order to clear debts.

It's a distribution to SIAF shareholders. They told you 14 times in the news release. There is no way in hell they can bypass FINRA regulations or exchange rules.

SIAF's management has been quite clear that the entire process is in the hands of TRW. I suspect they got rather strict advice fom their tax lawyers in this respect.

This is also wrong. They said it is in their hands to a large extent. Because it has to be, for tax reasons. This does not mean that SIAF is out of the loop. SIAF will provide services as they have done in the past, for everything market or exchange related. You don't honestly believe that TRW is communicating with Oslo Bors and FINRA?

TRW is incorporated in Hong Kong, so presumably not subject to US regulations.

We better hope so. Otherwise they need to file a F-1 as well.

And even if it were, the shares distributed by TRW correspond to 18.3% of the company, thus less than 25%.

Duh. The 25% rule applies to the value distributed in relation to the market value of the company.

Distribution value = $62.3M
Market value = 49M shares x $0.33 = $16M.
Is $62.3M more or less than 25% of $16M?
If there was ever a company in the history of the stock market subject to the 25% rule, then it would be SIAF!

I can only repeat my conviction that the probability that the OTC ex-date would be different from the Merkur one is less than 5%.

And that's why you are wrong.

And then it is up to all of us to make use of the wisdom of the crowds.

You mean the stupidity of the crowds. Wisdom of the crowds applies to betting exchanges, NOT to stock exchanges.