Sino Agro Food Inc (fka SIAF)

[downthehatch]

Must be some who believe the old adage of "sell on the news" who sold after the settlement was announced.

Their mistake is this: the real news will be the actions Fredly and Halesworth take now that the settlement is approved. The PR makes clear they intend to "unlock value" which means they will be pushing the company to do what is necessary to restore shareholder confidence and get the company back on track financially.

No one really knows exactly when these things will start happening, but I would expect SOME announcements fairly soon, since they have had several months of time waiting for the settlement approval to get started behind the scenes. Once they start taking action, it may be difficult to get back in. I actually bought more yesterday, even though I probably own too much SIAF at this point. But I believe these guys will make some progress. They've invested too much to quit now.