Sino Agro Food Inc (fka SIAF)

[RealDutch]

then they would suddenly gain about 1-2,000 shareholders of record.

This is not true IMO. "shareholders of record" are mostly shareholders holding stock certificates. The whole friggin rule is outdated if you ask me because we have electronic trading these days.

Anyway, Solomon can go dark (official route) because we have less than 300 shareholders of record. But he must have a good reason to go dark as well. As in, having trouble paying the bills so he has to cut costs where he can. If he doesn't have a good reason then it's an act against the best interests of the shareholders, and there could be legal consequences.

But they can also "go dark" simply by not filing. In which case they are violating securities law and the SEC can deregister them (after a while).

Both scenarios are equally damaging for shareholders. But hey, I don't think Solomon will go dark. But who knows. This is not the issue. What matters is that they allow the uncertainty to prevail, in a number of different ways. Whereas they should reduce uncertainty.