Sino Agro Food Inc (fka SIAF)

[ks1977]

I rhink the assets apart from TRW cannot be sold for book value on the whole

They might not be able to sell TRW for book either at the moment. Even though most of us would have loved SIAF to sell some of the TRW-shares (or better - TRW sell some shares to repay debt), I don't think that is going to happen.

With regards to the other assets I'm not sure that Solomon is even willing to sell at book (unless when they are a total disaster, like the abattoir and the dairy company, which equals a horrible price for us...). I also question whether it will be possible to sell at book.

I don't know whether they have financial companies that provides the service in China, but at least in Norway you can sell your invoices to get the cash earlier. That would have solved so many issues for us (assuming that Solomon wouldn't have spent the cash on BS...) - even a 10% fee (or whatever they charge) would be wonderful compared to what Solomon has put us through (we'll take a hit to EPS, but who cares if we can avoid a massacre in BV/share)