Sino Agro Food Inc (fka SIAF)

[treit2002]

but your point is, they will keep printing shares. this is dead money for 5 years+

Can see why the handle "foggy."

No, they may issue new shares in 2013, but fewer than in 2012, and bringing in much more cash. This is part of a long announced 5 year plan, in which 2013 is the last year to raise ~10% of cap ex through equity. They are pursuing a bond deal that would limit, could eliminate this need.

I suppose you could say because they might issue shares that directly and immediately translate into increased NTA, and which add to income in year one -- and then all future cap ex will come from earnings -- that will mean a flat share price for at least 5 years.

Well, you did say that.

Let's look at year two of your five year dead money proclamation; in no particular order, and conservatively:

1) Revenue of $400M +/-, at least 50% YoY increase, +300% TTM (thru Q3, '12)
2) No share issuance; cash flow positive; new grants and loans
3) International company with proven scaled models at wholesale level, integrated with distribution and retail
4) $.034 past dividend paid
5) Dual listing; probable uplistings in both US and Sweden
6) Earnings of > $1.50/share, ~ 50% YoY increase, +200% TTM (thru Q3,'12)
7) $.12 dividend
8) NTA $400M +
9) Dragon head designated spin out to an Asian exchange complete or in process