China Growth Stocks

[CSykes]

sIAF Yes, if you look at the chain of events...

The 2006 -2007 audit was completed on July 6th 2009.

http://finance.yahoo.com/news/Sino-Agro-Food-Inc-Completes-iw-770165940.html?x=0&.v=2

It was suppose to have been completed much earlier but the issue of land bank valuation caused a major delay..

http://www.siafchina.com/english/listnews.asp?newsid=132

It was decided that it would take at least 2 months to complete 2008 audit. That would have put the 2008 audit being completed around September. By the time the Form was prepared it would be October/November.

By January 2010 they would have to be preparing for 2009 annual report now that they are a reporting company (whether or not the SEC has cleared comments yet).

This did not makes sense as the Audit form would in essence need to travel to China twice in a 3 month period. So the company chose to delay the filing so that 2008-2009 could be done at the same time (saving cost on auditor travel and expenses).

2008-2009 audit should be done in 1st quarter with the Form 10 filed in early 2nd quarter.

This is the plan, obviously there is always potential for delays.. but that is current guidance on the issue.