Sino Agro Food Inc (fka SIAF)

[Mark-J]

Not just business perspective but also from perspective what is believable and realistic behavior from the company IF the reports and books are true.
-780 million assets = can't sell any, dilute at 1,5% of them = not believable or realistic.
-two profit making companies, nice assets, growth stories = can't get bank loans, instead loan to each other, dilute for money = not believable or realistic.
-past profits close to a billion dollars i think from last decade = market value now 1/100 of the claimed profits, in debt, dilute = not believable or realistic.
-"megafarmers" = no commercial harvests seen, no customers seen, clumsy reports about experiments with problems and mediocre results = not believable or realistic.
-how they carry themselves, "megaloan" talks just talk, abuse of dividend announcement followed by heavy dilution, TRW failure = not believable or realistic if the books and profits and businesses are true.
-P/B 0,015, P/E 0,5 = not believable or realistic.

Just about everything about this company's real world actions contradicts them being anything for real except a share printer.

Like I continue to keep saying, everything they do makes no sense from a business perspective....you cannot be this inept at just about everything unless it is your plan. Stupid in this case = very smart. Shareholders (including me) are the dolts.