Sino Agro Food Inc (fka SIAF)

[C-MF]

Personally, I consider the resent stock performance as an over reaction. It was already known from the last 10Q not 15b that the company were in negotiations with ECAB regarding the 33m debt. A possible settlement would include some Trw shares and some Siaf shares. The Trw shares would not be a part of the shares that Siaf will distribute the common shareholders after the form F1.
I consider ECABs move as they like to step up and increase the negotiating phase to reach a settlement.

I’m very disappointed regarding the failure on delivering the cash distribution and the stock dividend on time. However, as a long term investor, you can’t act irrational.