Sino Agro Food Inc (fka SIAF)

[viking86]

Clearly it's a very complex issue with no easy answer.

That's the problem with your argument. If it is too complex for an analysis, then how do you know that equity financing at PE<1 will be accretive in Year 2 or whatever time frame? Without an analysis, however accurate it may be, it's not much more than a "hand waving" argument" to believe this or that. I am no expert on financials but I did try to back up my (and Treit's) argument with an analysis. If you want to make a credible statement, you also need to show a math supporting your thesis. I believe that's what Treit asked you for, he has also challenged other people like Chad, Ecuador... to "show' why they think those share issuances will be accretive. Intuitively, it's very hard for anybody to believe that. I agreed with Treit based on all his previous explanations and have tried to back it up further with some analysis.

As to whether last years' share issuances at PE of 0.7 is accretive or not in the first years, I will try to analyze that in another post later today. Now I have a gym class and must run.