Sino Agro Food Inc (fka SIAF)

[treit2002]

Solomon has said many times that 2013 will be the last year for share issuance. I believe he reiterated that in answer to a question on the call. Will have to listen again; he at least left that impression remain.

2013 will also be the first cash flow positive year, which is another way of saying the same thing.

Both do not mean that $100M + capital development budgets will stop. But it means that they will be 100% funded thru earnings. Guess is that the 2013 cap ex will be more looked $130M.

He also said what sounded like a growth target of $500M NTA.