Sino Agro Food Inc (fka SIAF)

[zerohedge]

it's a flat out lie.....

they specifically stated these collateral shares cannot and have not been sold into the market.

everyone knows these shares "on loan" were sold.

look, we are in the business. that's how you get 70% loan to "value" with something that isn't marginable.

you think a "bank" will pledge $1 million bucks and give you $700k and the underlying shares fall -90% and there's no selling and the bank is extending $700k for what? only $7k in remaining value? obviously this is ridiculous and fake.

you sell the shares.

easiest game on the planet.