Sino Agro Food Inc (fka SIAF)

[jyyoo]

It seems very clear that Garrett has finally gotten through to Solomon in getting him to understand how to properly manage SIAF going forward with a more "Western" mentality of valuing cashflow more importantly than just simply building assets. Below is the quote from the last Q&A:

"We will also raise the relative priority of generating cash flow, having emphasized — perhaps overemphasized — net asset accumulation in the past."

This is a complete reversal in thinking that we've seen from Solomon and no doubt comes from Garrett and other advisors around him that have finally changed his mind (I'm sure the imploded share price has helped change his mind as well).

I've followed the company for many years now and have never seen the word cash flow used or stressed so much before until now. I'm sure old-timers would agree as well. Below I made a little highlight of the quotes talking about "cash flow", which Solomon would care less about in the previous years. It was always, who cares about cash flow when we can just build equity? Finally things have changed it seems, and I believe the market will appreciate this change. It looks like it's already starting to.

"This reinforces our commitment to prioritize positive cash flow in 2019 to meet business needs."

"Because of efforts to date and by concentrating on positive cash flow, the Company does not foresee a need to raise its authorized share capital."

" During the third quarter we continued restructured and restructuring operations by reducing capital expenditures, adding some non-operational income, and embarking on new cash flow positive initiatives."

" Restructured businesses have already reduced new capital development; businesses are beginning to perform more efficiently; the Company has embarked on several initiatives that have begun to generate incremental positive cash flow."

" With all SIAF owned business segments stabilized or on a modest revenue growth trend, the Company is dedicated to managing toward positive cash flow"

"Tri-way began its own trading business during Q4, and will generate incremental cash flow during 2019."

"Tri-way’s new trading platform will create incremental positive cash flow in 2019, compared to zero through November of 2018."