Why is it SIAF and not Tri-way that does this raise?
Perhaps they are trying both. Perhaps it is too difficult for TRW. I don't know.
I thought the idea was that Siaf will pay back the loans and get the collateral shares back? (and thereby reducing the outstanding shares down to 40m or so)
yes, 43 M
Are they now trying to convert those collateral shares into preferred shares?