Sino Agro Food Inc (fka SIAF)

[treit2002]

dilution madness

I simply cannot understand why so many on this Board -- and one in particular -- see Solomon as a genius for conceiving and building his business and whatever for financing it. It would be rare indeed for a genius to suddenly turn soft in the head in a second arena, so vitally connected to the first arena of his genius.

He has commitments for the financing that has grown the company. It's that simple.

FF1 will earn about $11M profit next year, and more beyond. It was built without any cash on the balance sheet.

Solomon has a critical mass for the company in mind, and is growing it in that direction, with the idea of curtailing dilution when there, or before.

No doubt he did not have the current pps in mind when commitments were made.

He is now looking at alternatives to hasten issuing fewer or no more shares in 2013. Let's hope he succeeds. And he is proceeding with plans to boost demand to absorb share overhead in the system.