Sino Agro Food Inc (fka SIAF)

[snow]

The revised deal with ECAB shows that FD has good reason to be worried. The 5 million shares that the deal involves are now practically worthless rather than worth 15 million dollars. SIAF still owes about 12 million dollars and has stopped paying. Based on the information of the latest quarterly report the sinner is Solomon and not ECAB. There is no room for issuing 5 million shares within the existing A/S. Therefore Solomon should have stopped issuing shares before the O/S reached 45 million.