Sino Agro Food Inc (fka SIAF)

[Drexion2004]

Treit, my problem with your tone is that you are clearly wearing rose-colored glasses and *only* mention the positive. Obviously Q1 was a disapointment with regards to revenue and nobody can like the fact that they are down to 500k cash and are paying their debts with over 1M shares in Q1 (Which directly contributed to share price going down since I bet you those people sold). Note the payment schedule for the 'sale' and see when you can expect them to actually have the cash to buy that land -- an AWFUL lot of very expensive land with very little disclosure regarding usage.

In fact, with regards to the 'payment schedule' -- How much money would the dairy have earned in that time period? Seems like a lot of that 'buyin cost' will be paid by the dairy segment itself.

It is hard to read your posts now without going 'What is he glossing over'. Its fine to mention positives but lets be realistic and weigh in with the negatives and disappointments as well please.

-Fernando

Disclosure: I have no position in SIAF.