Sino Agro Food Inc (fka SIAF)

[zerohedge]

all companies engage in smoothing of earnings between quarters.

few go from 3B profit to 3B loss for no reason at all. that's called " book cooking" and the scamfreudian SIAF people or PERSON given only 1 remaining employee is a master book cooker.

his LATE CFO said they needed to devalue assets.

the SEC comments tell them to devalue and remove THIRD PARTY ASSETS

this SIAF deal is a guaranteed fraud.