Sino Agro Food Inc (fka SIAF)

[jay_lim]

those are all good questions. U should ask Solomon during the earnings call.

* According to page 29, some of the land use rights bought are incredibly expensive. For example SIAF bought 58 acres in guangdong for 7,042,831 USD. This means a cost of 120 000 USD per Acre!! No farmland in Sweden is that expensive, perhaps you can find those prices in stockholm city. Something must be seriously wrong with that information. Has anyone else further info on this?

* Why has Solomon and Management issued B-shares to themselves that are more senior to common shares in case of a bankcruptcy and without any dividend rights? This does not signal confidence in their own operations. Has anyone else further info on this?

* Two really good articles that indicates a suitable macro environment for SIAF and that will help the company create a competetive advantage for its RAS technology:
http://www.time.com/time/printout/0,8816,2081796,00.html
http://www.nytimes.com/2007/12/15/world/asia/15fish.html?pagewanted=1&_r=2

However in a long term perspective it is possible for competitors to copy this technology and thus SIAFs competitive advantage will disappear. Thus creating retail brands that the company will achieve with their franchising operations is crucial in order to create a long term sustainable competetive advantage. is there a franchising strategy in place?