Sino Agro Food Inc (fka SIAF)

[jyyoo]

We already knew SIAF wasn't making payments to ECAB and were in renegotiation talks because they told us in the SEC filings, so this wasn't really news. With the notice of default, it looks like this will either go to court because ECAB or Fredrik got fed up or they're using this as a negotiation tactic since we know they were in the middle of renegotiations. I suspect the later since the 8k stated "While ECAB has not elected to accelerate the right to repayment of the entire principal amount, including accrued but unpaid interest on the ECAB Note, it reserves the right to do so."

If SIAF does end up being forced to pay up, maybe Tri-way will finally repay back all that debt RD keeps talking about. Best case is they are able to continue negotiating.

It could be an orchestrated move by ECAB and Solomon altogether to wipe out ordinary shareholders.