Sino Agro Food Inc (fka SIAF)

[Mark-J]

I must agree with you in that there MUST in fact be a sustaining underlying business for any endurance of shareholder value creation.

That's one of the tell tale signs that there's sooooo much emphasis on corporate structure mumbo-jumbo rather than nurturing of the underlying business. Like if we take TRW. They claim something like 40 million wins last year?
Ok, i want to see trucks full of shrimp, customers and harvests and Solly there in the middle of it. We don't see it. Ok fine, then prove there's money.
Just prove the business, pay out half as dividend and Siaf gets it's 1/3 share of 40/2/3 = almost 7 million dollars!
Paid to siaf, siaf pays out half to shareholders, we now know money comes from the business, we know it's there, share skyrockets and shareholders are happy and Siaf gets to keep half still, amazing deal at this point.
But instead they claim Siaf 10+ million market value company has instead "built capex" there worth tens of milions...?? Resorting to dilution completely destroying trust and market value in doing so?? To another company?? And then get's only unsellable sharepapers back for Siaf shareholders, no cash at all?? That's BS and a trick.
I just don't believe any of it.
I can only believe there's no money in TRW and no money in Siaf and in real life there never even was any loan between these two.
It would be super easy to prove these things if the business and money transactions and profits were real.
But they just can't.
Nobody completely destroys the corporate value out of silly voluntarily choice like this.
But if it all was just to flash big numbers and sell shares that have no underlying business behind them... ...it makes sense.