Sino Agro Food Inc (fka SIAF)

[Emilez]

Thanks Lucky Loser, you rock!

Finally some clarity on the conditions of the deal.

If SIAF had skipped repurchasing shares earlier this year at a higher price they could have saved money and they wouldn't have to involve IronRidge.

On the other hand, if they hadn't re-bought shares in the spring the price per share might have been even more depressed at that time, after selling the dairy.

I guess that about half a year ago they bet on a higher price per share now in December, so perhaps SIAF thought it would be a better deal than it turned out to be.

The only thing that would have been interesting to know is if they really reasoned as I wrote here.

Was the deal simply a bet on a higher price per share now in December combined with an effort to support the price per share through repurchase of shares in early summer?