Sino Agro Food Inc (fka SIAF)

[treit2002]

He would just be drawing down shares he planned to expend in the subsequent couple of quarters at an earlier point in time.

But he would be doing it at a ridiculously low price. If he waits, he at least has a good chance to dramatically cut the eps dilution.

Your scenario amounts to his intentionally favoring new Swedish investors over existing long term investors, as the unfavorable eps is forever.

Whereas, the Swedes -- and all shareholders -- would love a statement that new issuance is complete, the better alternative is that happen after the FN listing, from an economic point of view.

No investor, new or old, would mind new issuance at say $2, because at that price issuance is accretive to eps. It would not matter to new Swedish investors.