Sino Agro Food Inc (fka SIAF)

[treit2002]

We all have our own perspectives.

Solomon's seems to rely on the rationale that dramatically rising income and NTA, combined with a dividend should trump his financing activities, as far as share price is concerned.

Obviously, this is not the case now.

The fact of the matter is that he is building a much bigger company, starting from almost nothing a couple years ago. And he is succeeding in that. It appears that he believes he has a window of opportunity to continue establishing the various businesses while conditions are favorable, including both the nascent state of fish farms and the beef industries in China, as well as tax free income.

In addition, he wants to control the food supply chain from his wholesale operations through his own distribution network thru retail.

We would all be happy if he were able to finance capital development through equity, if the shares were $1.50+. Regardless, he has managed to limit dilution. So, fundamentally, operationally, he is succeeding splendidly.

BB, what would you have him do to continue growing, such that he reaches the critical mass (say, rev >$200M) to spin out subs?