Sino Agro Food Inc (fka SIAF)

[ks1977]

What can SIAF do to prove its not a fraud

I don't think it can do so at that at this time

Without knowing who is the bad guy, or whether it is severe or just "paper-work", my guess is that ECAB halted both dividends (SIAF hasn't given ECAB their shares yet, so I would have tried to halt the TRW-distribution if I were ECAB). If so, regardless of whether ECAB is friendly or hostile, I don't think SIAF can tell the market what is going on.

And it cannot resolve the issue of the cash dividends until the issue with ECAB is resolved...

I don't think SIAF is a fraud though, it doesn't make sense; why would SIAF take up a loan that reduces their ability to dilute, and then both do (some) downpayments on the loan and also adhere (more or less) to the non-dilution? And why would they cancel the cash dividend and crush the PPS - severely impacting their ability to dilute further - when paying the dividend would have allowed them to continue to dilute?

Same thing with the TRW-shares last year; the PPS wouldn't have crashed as much (it might even have risen despite the dilution) if they hadn't messed-up the TRW-distribution. Assuming it's a dilution-scam then TRW is worthless, so Solomon would have gotten a lot of cash if he had gone through with the worthless TRW-shares.

Unfortunately Solomon has abused shareholders for a decade, so now - when shareholders might be his only hope - that door has closed (forcefully shut, over and over again, by Solomon - over our very toes, over and over again)

Assuming ECAB is the pulpit here (which might not be the case), it seems that Garret it our only hope, but we don't know whether Garret is our friend or not.

The first thing Solomon should do (well, should have done a long time ago), is to cancel his compensation shares (in such a way that his a-shares can't undo it, but that it needed a majority of non-a-shares to be reapplied). Then he would be in the same boat as us. Not going to happen though, he needs to protect himself from his mismanagement (and possibly hostile forces from ECAB or whatever)