Sino Agro Food Inc (fka SIAF)

[snow]

A few questions I may or may not send to Peter

ECAB default

Does management take into consideration that it may make it more difficult for both TRW and SIAF to get financing on attractive terms when financial obligations are not complied with? Both companies have the same CEO.

Priorities

Should not paying back to ECAB the debt of about 15 million dollars according to the terms agreed on have a higher priority than buying back shares?

TRW versus SIAF

Why does not SIAF insist on TRW paying at least part of its debt of several tens of millions of dollars out of its profits when SIAF is in such a precarious financial position that it defaults on one of its loans?

Selling off assets

HSA generated profits of 2.8 million dollars last year. If it was sold at a p/e ratio of for instance 15 it would generate more than 40 million dollars, which could be spent on repaying ECAB and Garrett and some other entities SIAF owes money.